Redondo Beach home blog and real estate market news📰

June 2013 Home Sales in the South Bay

The June home sales numbers are in and once again it was a very big month for home prices as many areas reached multi year highs once again. The beach cities saw very high median home prices as many luxury properties sold at prices unseen in the past. Click on the links below to view the home sales for various South Bay cities.

June 2013 Home Sales
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance

in Communities, El Camino Village, Fusion South Bay, Golden Hills, Hermosa Beach, Hollywood Riviera, Homes, Manhattan Beach, Market Trends, North Redondo Beach, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

July 9, 2013December 3, 2021

So What’s All the Fuss about Pocket Listings in Redondo Beach

Understanding off market and pocket listings

With the extremely tight inventory of homes for sale in the South Bay, many buyers approach me looking for off market, or pocket listings. Pocket listings and exclusive listings are the hot trend at the moment as eager buyers clamor for a chance to purchase a home without all of the competition. In this market knowing about it first may not ultimately make a difference, but it certainly helps. Many agents seem to be trying to keep listings private as well in the hopes that perhaps they can represent both buyer and seller, which is much easier if fewer agents know that the home is for sale. So what do the terms actually mean? A pocket listing can be anything from a realtor simply knowing about a home that a seller might consider selling and not having a listing agreement, to something coming to the market but not yet on the MLS, to the intentional withholding of the listing from the MLS.

But is it beneficial to the seller?

In terms of price, exposure, etc. the answer is generally no. The more exposure the home gets, the more potential buyers see it, and the likelihood that it will sell for a better price and with more favorable terms for the seller. Eliminate that competition and generally speaking the chances of such favorable terms decrease.

There are very legitimate reasons for exclusive or “pocket” listings and for keeping the property off the market…..work being completed, tenant issues, or simply a seller who doesn’t want the world touring their home. Seller’s just need to be sure that the reasons for keeping a home off of the South Bay MLS are beneficial to them….and not just to the listing agents.

Whether keeping a listing from the MLS is good or bad for the seller ultimately depends on the situation and whose best interest is the primary reason, but working with a top local realtor who has the network and knowledge to seek out these possible opportunities is certainly key for the buyer.

in Communities, Foreclosures, Homes, Market Trends, North Redondo Beach, Opinion, South Redondo Beach Posted by Keith Kyle

Let Your Renter Help Pay the Mortgage – Redondo Beach Duplex

This is an absolutely ideal property for the investor or owner user, with 2 detached homes in a great North Redondo Beach neighborhood. Let your tenants help pay your mortgage! Each home has been lovingly maintained and updated with gleaming hardwood floors, recessed lights, updated kitchens and baths and so much more. The front home enjoys a very large fenced grassy front yard, rear patio, spacious kitchen, private laundry room, 2 bright bedrooms and a very bright and inviting living room. Rear home features 2 bedrooms plus a spacious bonus room that can be used as an office or 3rd bedroom.

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in Featured Properties, Homes, Homes of Note, Investment Property, North Redondo Beach Posted by Keith Kyle

June 20, 2013March 9, 2023

South Bay Schools Impress Again in 2012

South Bay schools do it again with outstanding API scores for 2012

Many of the area schools that have seen impressive test scores the past few Redondo Union High School years continued that trend with some other local schools improving significantly. Redondo Beach, Manhattan Beach, Hermosa Beach and Palos Verdes schools continued their award winning performances. Redondo Beach Unified saw every elementary school exceed 900 scores for the first time with big improvements at Beryl Heights, Birney and Madison. Only Jefferson dropped slightly but had been the top performer for several years.

The top elementary schools in Manhattan Beach were Grandview Elementary and Robinson Elementary each with incredible scores of 970.

Torrance saw 8 elementary schools exceed the 900 mark. The scores really do indicate just how strong our local systems are with great teachers and parent participation. Congrats to all of the schools and students.

in Communities, Schools Posted by Keith Kyle

Beachfront homes for sale on the Hermosa Beach Strand

June 20, 2013December 19, 2023

New Beachfront home – 3001 The Strand Hermosa Beach CA

3001 The Strand, Hermosa Beach CA

The beach front homes of The Strand in Hermosa Beach is the epitome of luxury coastal living in Southern California. The newest luxury property to hit the market is located in the highly sought after North Hermosa sand section neighborhood at 3001 The Strand. The home was completed in 2007 and originally sold that year for $10,000,000. The home sits on a larger than normal lot of almost 4000 feet and enjoys a very spacious 6,000+ square feet with 6 bedrooms and 5 1/2 baths with panoramic views of beautiful Hermosa Beach and the pacific ocean beyond.

in Beach Front Homes, Communities, Hermosa Beach, Homes, Homes of Note, Ocean View Homes, Oceanfront Homes Posted by Keith Kyle

June 11, 2013March 9, 2023

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

First the good news for buyers. The number of new listings has continued to increase for the past several months with monthly increases since January (March was an exception). Unfortunately that hasn’t meant finding a home is any easier as the increase in listings has also seen a significant increase in home sales and pending escrows. According to Keith Kyle, Realtor with South Bay Brokers in Manhattan Beach, “the increased number of listings is a good sign, but it hasn’t alleviated much of the pent up demand.

Redondo Beach real estate trends

in Communities, Hermosa Beach, Manhattan Beach, Market Trends, North Redondo Beach, South Redondo Beach, Torrance Posted by Keith Kyle

Blog

June 2013 Home Sales in the South Bay

So What’s All the Fuss about Pocket Listings in Redondo Beach

Understanding off market and pocket listings

Let Your Renter Help Pay the Mortgage – Redondo Beach Duplex

South Bay Schools Impress Again in 2012

South Bay schools do it again with outstanding API scores for 2012

New Beachfront home – 3001 The Strand Hermosa Beach CA

3001 The Strand, Hermosa Beach CA

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

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