As we are short sale specialists from the abundance of short sales we were involved in when the market went south years ago, we’re often contacted by home buyers looking for a “deal”……meaning a distressed home sale including bank owned homes (REOs) and short sales. Here’s a chart that shows why currently that’s just about impossible. Keep in mind that this is all combined short sales and REOs for all the listed cities in the South Bay.
Back on the Market – 977 Calle Miramar in the Hollywood Riviera
Their Loss is Your Gain – Back on the Market
977 Calle Miramar in the Hollywood Riviera – Listed at $1,375,000
Welcome to this ultra charming single level home in the beautiful Hollywood Riviera. Meticulously maintained with a bright and open
floorplan the home offers all of it’s original charm while offering upgrades throughout. Located in the heart of the Riviera on a beautiful tree lined street, 977 Calle Miramar offers peek a boo ocean and queens necklace views. The curb appeal is fantastic with grassy front yard hedged in with roses and charming ocean view front porch harkening back to simpler times. Head inside to the bright living room featuring oversized windows for incredible light, breezes and ocean views down the street.
The living room is something straight out of Coastal Living magazine with hardwood floors, beach tones, beautiful built ins all centered around the cozy fireplace. Spacious dining area just beyone leads to the charming kitchen with built in desk ideal for a homework or home office space. 3 spacious bedroom each have their own unique look and feel. Front bedrom offers bay windows and hardwood floors….middle bedroom with direct access to the yard and incredible stone fireplace, rear bedroom offers a roomy layout and overlooks the backyard.
Contact Listing Agent Keith Kyle for More Information
The recent addition of central A/C makes all the difference on hot summer days. Head through the sliders or laundry room to the incredible grassy fenced in backyard with plenty of room for everything out in the sunshine. Rear patio is the perfect entertaining spot. 2 car garage and massive driveway allows for plenty of parking. All of this in the award winning Torrance School District and very close to the shopping and dining area of Riviera Village.
977 Calle Miramar – $1,375,000
Looking For A Foreclosure in the Beach Cities? It May Be a While
During the housing decline around 2007-2009 there were a fair amount of “distressed” home sales in the South Bay and Beach Cities. Distressed home sales encompass bank owned homes, notice of default sales, REOs and short sales. We’re still contacted by buyers hoping to find a deal in the distressed market. Unfortunately for them there just isn’t currently a market. Values have gone up so consistently that it’s fairly difficult to be “underwater” on a mortgage. If people struggle to make their mortgage payments or receive a notice of default….there’s usually plenty of equity in their home to simply sell it, pay off the mortgage and still come out ahead.
As you can see from the chart below, the number of active, pending and closed “foreclosure” home sales has slowed to a halt.
The chart below shows the past 10 years of of active, pending and sold short sales and bank owned sales in Redondo, Hermosa, and Manhattan Beach.
Featured Property – Charming Coastal Home at 977 Calle Miramar Redondo Beach 90277
Just listed – 977 Calle Miramar in the beautiful Hollywood Riviera.
Welcome to this ultra charming single level home in the beautiful Hollywood Riviera. Meticulously maintained with a bright and open
floorplan the home offers all of it’s original charm while offering upgrades throughout. Located in the heart of the Riviera on a beautiful tree lined street, 977 Calle Miramar offers peek a boo ocean and queens necklace views. The curb appeal is fantastic with grassy front yard hedged in with roses and charming ocean view front porch harkening back to simpler times. Head inside to the bright living room featuring oversized windows for incredible light, breezes and ocean views down the street.
The living room is something straight out of Coastal Living magazine with hardwood floors, beach tones, beautiful built ins all centered around the cozy fireplace. Spacious dining area just beyone leads to the charming kitchen with built in desk ideal for a homework or home office space. 3 spacious bedroom each have their own unique look and feel. Front bedrom offers bay windows and hardwood floors….middle bedroom with direct access to the yard and incredible stone fireplace, rear bedroom offers a roomy layout and overlooks the backyard.
Contact Listing Agent Keith Kyle for More Information
The recent addition of central A/C makes all the difference on hot summer days. Head through the sliders or laundry room to the incredible grassy fenced in backyard with plenty of room for everything out in the sunshine. Rear patio is the perfect entertaining spot. 2 car garage and massive driveway allows for plenty of parking. All of this in the award winning Torrance School District and very close to the shopping and dining area of Riviera Village.
977 Calle Miramar – $1,375,000
Let’s Check the South Bay Real Estate Market
Take a look at some key data about the South Bay, Palos Verdes and Beach Cities real estate markets. View information city by city for active MLS listings or homes for sale, pending sales, and recently closed escrow. View the current trends and how the latest data compares with previous months to get a sense of where the real estate market is and where it might be going.
The housing market in the South Bay, Beach Cities and Palos Verdes definitely picked up the pace in June with significant jumps in the number of home sales compared with May. Take a look at the current homes for sale in the South Bay, Palos Verdes and Beach Cities as well. See the latest real estate market information for:
- Gardena
- Hawthorne
- Hermosa Beach
- Lawndale
- Manhattan Beach
- Redondo Beach
- Torrance
- Palos Verdes Estates
- Rancho Palos Verdes
- Hollyglen
- Plaza Del Amo Torrance
- Hollywood Riviera
View other months on our recent South Bay home sales page.
See also the current South Bay homes for sale
EL SEGUNDO
View the current homes for sale in El Segundo
GARDENA
View the current homes for sale in Gardena
HAWTHORNE
View the current homes for sale in Hawthorne CA
HERMOSA BEACH
View the current homes for sale in Hermosa Beach
View the current homes for sale in the Hollywood Riviera
LAWNDALE
View the current Lawndale homes for sale
MANHATTAN BEACH
View the current Manhattan Beach homes for sale
PALOS VERDES ESTATES
View the current Palos Verdes Estates (PVE) homes for sale
RANCHO PALOS VERDES
View the current Rancho PV homes for sale
REDONDO BEACH
View the current Redondo Beach homes for sale
TORRANCE
View the current homes for sale in Torrance
HOLLYGLEN
View the current homes for sale in Hollyglen and Del Aire
PLAZA DEL AMO – CENTRAL TORRANCE
View the current homes for sale in Plaza Del Amo and Central Torrance
The Easiest Way to Search for Homes in the South Bay
If you’ve been searching for a home in the South Bay but were hoping there is an easier way…..there is!
Let us do the work for you with our free customized home search alerts. Tell us a bit about your dream home and we’ll do the rest. Receive daily, weekly or monthly updates or even get notified the moment a new listing hits the market. Our MLS is updated every 15 minutes and we’ll notify you as soon as there is a new home for sale in Manhattan Beach.
If you’ve wondered what the best way to search for homes in the South Bay, Palos Verdes and the Beach Cities is…..you’ve found it. Never miss a new listing again!
Tell Us About Your Dream Home
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