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.
September’s Highest Priced Home Sale in Redondo Beach
The highest priced home sale of September was a 5 bedroom single family home located in South Redondo at 603 Elvira. The home closed escrow at $2,238,000.
Days on Market Starting To Increase in the Golden Hills of Redondo Beach
The real estate market in the Golden Hills of north Redondo Beach has been an interesting one. Record prices, low inventory and then an abundance of options. It definitely keeps changing. At the moment the inventory has been on the rise and along with it, we’ve seen an increase in the days on market. Some homes still sell very quickly but of the homes currently for sale in the Golden Hills, the median days on market is now around 30 with the average closer to 60. Compare that with earlier in the year with a median days of 7 and average of 18 and it may just indicate a bit of a slowdown. Only time will tell. View all of the Golden Hills real estate trends and statistics.
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Current Homes for Sale in the Golden Hills
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
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