Increased inventory slowing the market for high end Hollywood Riviera homes

By Keith Kyle340_Via_Colusa_master1 copy

A noticeable increase in number of homes for sale at $1,500,000 and above has seemed to put the brakes on a very hot real estate market in the Hollywood Riviera.  The buying public had been clamoring for more homes on the market and now that they’ve arrived, it seems they’re not selling.  The $1,100,000-$1,400,000 price point is still extremely active, but the increased inventory of high end homes has definitely slowed the market.  Certain homes such as the recent listing at 225 Via Alameda which sold with multiple offers right from the start, are the exception at the moment and not the rule.  It’s not uncommon to see these higher price point homes sitting on the market for months which is a distinct difference from some other high end areas in the South Bay.  The chart below shows the number of active, pending and sold homes by month for homes priced over $1,500,000 and clearly indicates almost double the number of homes for sale while pending and sold listings are down.

Hollywood-Riviera-Luxury-Homes

 

Current Hollywood Riviera homes priced over $1,500,000

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A Number of Condos Listings Hit the Market in Seascape One Redondo Beach

By Keith KyleSeascape-1-Pool

There’s been a definite lack of inventory in the world of ocean view and ocean front condos in Redondo Beach over the past 18 months.  Prices have risen dramatically as inventory dipped to record lows and demand for the “vacation” style feel of complexes such as the Seascape buildings, The Village and condos on the Esplanade have continued to grow.  At least in one complex there’s been a higher than usual Seascape One Redondo Ocean View Condosnumber of homes coming on the market in recent days.  Seascape One is located in the 200 block buildings of The Village (which is unusual in itself as it’s actually on Catalina).  As of July 18th there are 3 units for sale in Seascape One.  Of the 3 2 offer a interior garden view (this is the only Seascape or Village building offering interior facing units) and one offers some pretty significant ocean and harbor views.  Built in 1978 the condos are fairly ideally located just behind King Harbor and walkable to the pier, the beach, and the shops and restaurants of the King Harbor area.

Current Seascape One Condos for Sale

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Is $1.2M the New Normal for New Construction 2 on a Lot Redondo Townhomes?

By Keith KyleRedondo Beach townhomes

Two new Amir Amiri townhomes hit the market this week in North Redondo Beach at a fairly incredible $1,200,000 price tag.  It wasn’t long ago that we were fairly amazed to see these North Redondo Beach new construction detached townhomes near the $1.0M mark but that sounds like a bargain just 18 months later.  The most recent closed sales priced at $1.050M with the latest listings priced at $1.2M.  These two on a lot townhomes n both North and South Redondo have continually increased in value over the past 2 years and has created high demand from builders for larger lots with smaller or tear down type homes.

  1. 4 beds, 4 baths
    Home size: 2,123 sq ft
    Lot size: 7,499 sqft
    Year built: 2018
    Days on market: 13
  2. 4 beds, 4 baths
    Home size: 2,210 sq ft
    Lot size: 7,499 sqft
    Year built: 2018
    Days on market: 16
  3. 4 beds, 4 baths
    Home size: 2,210 sq ft
    Lot size: 7,499 sqft
    Year built: 2018
    Days on market: 17
  4. 4 beds, 4 baths
    Home size: 2,222 sq ft
    Year built: 2018
    Days on market: 17
  5. 4 beds, 4 baths
    Home size: 2,366 sq ft
    Lot size: 7,509 sqft
    Year built: 2018
    Days on market: 17

See all Current homes for sale in city of Redondo Beach.
(all data current as of 9/23/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

El Camino Village a Great Alternative For South Bay Home Buyers

By Keith KyleExterior-2

For many home buyers searching in Redondo Beach and Torrance, finding a single family home in their price range is often not possible.  An alternative to these more expensive areas is a small community locally known as El Camino Village, located near the El Camino City College.  The community name is somewhat made up as it actually consists of 2 different cities, Lawndale and Gardena, but has helped create a nice community feel not shared with some other areas of the same cities.  El Camino Village is a bordered by Prairie to the west, Marine to the north, Manhattan Beach Blvd to the south and Crenshaw to the east.

What makes the area fairly unique is that zoning only allows for single family homes and with elementary schools located within walking distance, the area has a very nice look and feel.  The Lawndale and Gardena neighborhoods do not actually connect and are divided by an aquaduct with the Lawndale side having a bit more of a uniform feel and home values being slightly higher.

Home prices have risen rapidly in 2014 with the smaller 3 bed/1 bath homes starting in the low to mid $400’s and larger or upgraded homes quickly reaching into the mid $500’s.

Current El Camino Village and Bodger Park Homes for Sale

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Finally a new Listing In Fusion South Bay

It’s been a while since there was a home for sale in Fusion in the South Bay, the gated townhome community in the Hollyglen area of Hawthorne. Fusion-South-Bay Ideally located just east of Manhattan Beach, it’s is a fantastic alternative to Redondo, Manhattan and El Segundo.  Prices would be exponentially higher if it were located just across the street, but the location still offers residents easy access to the active South Bay lifestyle with the beach, dining, shopping and more close by.

The current unit for sale is a “C” floorplan (see our video walkthrough of a different Fusion C townhome for a sense of the layout) which offers a very open kitchen/dining/living room areas with 2 bedrooms and laundry upstairs. The C floorplan also offers a 2 car attached garage.  The ammenities of the complex include pool and spa, small playground, half basketball court and various exercise stations.

Located at 5406 W 149th Place unit #18, (see Fusion South Bay map) it is priced at $499,000 which, in our opinion, is low and would be a good deal for the buyer that purchases the home.  Square footage is listed as 1,110 by listing agent Young Kim of Landmark, but in our experience the square footage is actually larger when measured.

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Happy Halloween from Redondo Beach Real Estate

We hope that you and yours have a safe and happy Halloween weekend.  Halloween in the Beach Cities and South Bay is ideal with some great family friendly neighborhoods and perfect places to take the little ones to trick or treat.  The walkstreets of Hermosa Beach and Manhattan offer the best locations as they’re always lively and no cars!   Have fun.

Hermosa Beach Halloween House Happy Halloween

Beautiful Estate Home at 340 Via Colusa in the Hollywood Riviera – Just Sold

Designed by renowned architect Louie Tomaro and built in 2004, this beautiful estate style home in the Hollywood 340_Via_Colusa_front8 copyRiviera offers the very best of luxury coastal living. Featuring 5 bedrooms, each with it’s own private bath, this Tuscan inspired home offers an open floorplan with an abundance of windows to capture the beach breezes and natural light.

The enormous front yard, gated driveway, and lush landscaping create a beautiful exterior setting and incredible curb appeal with the formal elegance of an estate style home.  Visit our 340 Via Colusa Redondo Beach website for more information.

Enter through the double doors to a formal entry with traverine flooring, elegant staircase and custom designed lighting.  Downstairs offers an oversized and versatile bedroom that can be used as an office, formal sitting area, playroom or guest bedroom.  Plantation shutters, hardwood floors and private bath make for a luxurious and private retreat.

Upstairs offers an open layout centrally located around the formal entry with 20 foot ceilings.   The gourmet kitchen includes stainless steel appliances, Viking island cooktop, cherry wood cabinetry and opens to both the dining room and family room. A balcony off the family room lets you take in the city light views. Kolbe & Kolbe windows and doors lend an elegant touch throughout.  Across from the family room, the upper level offers 4 bedrooms, each with private baths, vaulted ceilings, and large windows.  The first bedroom offers a private balcony.  The master bedroom suite includes a walk-in closet and private bath area with a double sided fireplace.

Enjoy the close proximity to the beach, Riviera Village shopping and dining, Riviera Elementary and the Palos Verdes walking trail.

Contact listing agent and Redondo Beach luxury home specialist, Keith Kyle at 310-251-2344 or Keith@KeithKyleHomes.com for more information and to arrange a private showing.

  • Built in 2004
  • 5 Bedrooms, 5 ½ Baths
  • 2,560 Square Feet
  • 7543 Foot Lot

 

Hollyglen Real Estate Not Much of a Secret Anymore

By Keith KyleHollyglen Real Estate

I’ve often told my clients that Hollyglen, a small pocket of Hawthorne that sits west of the 405 and north of Rosecrans, is a great alternative to Redondo Beach and Torrance.  It’s long been somewhat of a secret and even locals hadn’t heard of it.  One of the key things that changed that was the advent of the Wiseburn School District, a highly rated charter school system with very high test scores and some of the nicest campuses in all of the South Bay.

I’ve always liked Hollyglen as it has a very “West Torrance” type of feel with tree lined streets, homes that are well kept and updated, schools and parks within walking distance and a somewhat private feel due to the location.  Another aspect that makes it even more appealing is the proximity to freeways, major employers including Mattel, Chevron, Northrup and a number of other aerospace companies.

Recent home prices indicate that the secret is clearly out.  What had recently been a lower priced alternative to Torrance and even north Redondo, now is priced at similar numbers.  Recent sales show that the target prices for sellers is around $700 for an entry level single family.  There are occassional “deals” but those often receive multiple offers and end up well over list price.

Most homes in the neighborhood range between 1100 sq ft and 1400 sq feet with 3 bedrooms and 2 baths.  Most have been nicely updated but still have that original beach bungalow charm.

To learn more about the wonderful “secret” neighborhood of Hollyglen, contact us or click on the link above to see pictures, details and the current listings in this South Bay neighborhood.

Big Weekend for Redondo Beach Open Houses

By Keith KyleOpen-House-White-DS

During a week in which most other South Bay cities are only offering a very limited number of homes to see, the open house schedule for September 20th and 21st in Redondo Beach has plenty to offer….and plenty to tour.  This weekend sees more than usual with several advertised open houses.  See the list below for Redondo Beach and the South Bay open houses.  If you’re seeing this post after the September dates please visit our South Bay open houses site for updated homes for sale and schedules.

Palos Verdes Real Estate Explained

By Keith Kyle

Real estate on the Palos Verdes peninsula isn’t always easy to figure out. When people say Palos Verdes, or PV, it’s not always clear just what they’re talking about. With 4 different cities (really 5 if you include the unincorporated area that is actually called Palos Verdes Peninsula), multiple real estate areas often including more than one city, the entire area serviced by the Palos Verdes Unified School District, various zoning issues including equestrian areas and vastly different areas and neighborhoods (not to mention distinct climates)….how is one able to get a handle on the area?

The map below should help as it’s broken down into both cities and real estate “areas”.
Palos-Verdes-Real-Estate-Map

The pink sections show Palos Verdes Estates and the corresponding real estate numbers used by realtors to break the areas down into similar real estate neighborhoods.  The orange areas show Rancho Palos Verdes which had an abundance of very distinct areas and neighborhoods.  The purple shows Rolling Hills Estates, green represents Rolling Hills (gated community with very large lots) and the yellow is the small pocket of Palos Verdes Peninsula.