Torrance Short Sales At Lowest Point Since 2007

As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the South Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market.  Short sales first became a factor in mid 2007 with a high point in 2010.  In August of 2010 there were 159 active short sale homes for sale in Torrance.   Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months.  What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay

Luxury primary bedroooms

Hollyglen Real Estate Sales way up and Inventory On the Rise

Hollyglen Real Estate UpdateLuxury primary bedroooms

One of the best kept secrets in the South Bay is the neighborhood of Hollyglen, a small pocket of Hawthorne just west of the 405 freeway.  The neighborhood has it’s own award-winning school district and has a friendly and quiet feel that rivals the Torrance neighborhoods of Southwood and West Torrance.  The biggest challenge for buyers over the past few months has been the lack of inventory and quickly rising prices.  That may be changing, however, with a significant increase in the available homes.  At the moment there are 7 single family homes available in the Hollyglen and Del Aire areas (all west of the 405 which has significant value differences from the area east of the 405) and a whopping 17 homes currently in escrow.  This in a market that has recently seen only a trickle of available homes.  If you’re open for expanding your search consider other homes for sale in Hawthorne CA.   Below are the current listings as of May 7th 2013.  For the most up to date list visit our Hollyglen real estate site.

May 2013 Pending single family home sales in Hollyglen.

MLS# Type Address Type Price Br/Ba Year Built Sq Feet
SR12134440 SFR/D 5330 126th ST Shortsale $499,000 3/2,0,0,0 1950/ASR 1410
SB13049857 SFR/D 5424 118th ST STD $559,000 3/2,0,0,0 1942/ASR 2020
SB13059784 SFR/D 5511 141st ST STD $599,000 3/2,0,0,0 1954/ASR 1358
SB13079809 SFR/D 5253 140th ST STD $599,000 3/1,1,0,0 1955/ASR 1453
SB13003455 SFR/D 5431 142nd PL STD $649,000 3/2,0,0,0 1954/ASR 1527
SB13069270 SFR/D 5430 134th ST STD $669,000 3/1,1,0,0 1955/ASR 1640
SB13078751 SFR/D 5521 134th PL STD $679,000 3/1,1,0,0 1955/ASR 1885
SB13022706 SFR/D 5503 133rd ST STD $829,000 3/2,0,1,0 1955/ASR 3230
13659135 SFR/D 5448 122ND ST STD $975,000 4/4,0,0,0 2006/BLD 2693
13661003 SFR/D 5332 119TH ST STD $395,000 41306 1941 1029
SB13049943 SFR/D 5338 119th PL STD $499,000 2/1,0,0,0 1941/APP 829
S12090019 SFR/D 5552 123rd PL Shortsale $525,000 4/2,0,0,0 1950/ASR 1802
SB13074619 SFR/D 5351 123rd PL STD $525,000 3/1,0,1,0 1950/ASR 1082
SB13075542 SFR/D 5525 122nd ST STD $539,000 3/1,0,0,0 1950/ASR 1091
SB13073743 SFR/D 5308 123rd PL STD $599,500 3/2,0,0,0 1950/ASR 1370
SB13070069 SFR/D 5349 127th ST STD $629,000 3/2,0,0,0 1950/ASR 1578
PV13048265 SFR/D 13210 Clyde Park AV STD $635,000 3/2,0,0,0 1955/ASR 1124

Current homes for sale in Hollyglen and Del Aire*


Click any MLS number above for details and photos of the home.

*We may not be the listing agent on the properties above and are providing this information as a service to our clients. We represent both buyers and sellers in Hollyglen and would be happy help with your search as well.

Reason Number 1458 that I love Living in the South Bay

There’s nothing like living in a place that others think of as a summer vacation spot.  I’ve lived in Hermosa Beach for over 20 years and it’s hard not to be inspired by such a beautiful place.  Just last week while taking a walk on the beach on one of the more beautiful days of the year we spotted these three whales just a few hundred feet off shore.  Just another reason why it’s good to live at the beach.

Modern South Bay homes

No Shortage of New Construction in Hermosa Beach CA

New Construction Homes for sale in Hermosa Beach CA

Well it looks like we’re back to a building boom with hardly a block in Hermosa Beach that doesn’t have some type of construction happening. The new construction is focused primarily in the highest value areas of the sand section with multiple new oceanfront homes being built on The Strand with other notable builds taking advantage of ocean view and ocean close lots. With land at such a premium in Hermosa it no surprise that when values rise in the luxury home market the builders start actively seeking lots.   Homes in Hermosa Beach
Manhattan Beach walkstreet homes

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

Hemosa Beach and Manhattan Beach Walkstreet Homes

Prices have jumped considerably in the sand sections of both Hermosa Beach and Manhattan Beach, and much of the reason is the recent flood of the market ofManhattan Beach walkstreet homes very high end luxury homes in A+ locations. Although there are a few oceanfront “Strand” homes for sale, the primary reason for the recent rise in median prices is the number of homes and townhomes on the highly sought after “walkstreet” locations.  The current median price for a Hermosa walkstreet home is $3974,000 and the current average price is $4,447,500.  The current median price for a Manhattan Beach walkstreet home is $3,350,000 and the average price is $4,123,000.

For more information on the Manhattan Beach or Hermosa Beach sand section, or any of these luxury walkstreet properties, please feel free to contact us at 310-251-2344 or keith@keithkylehomes.com.

 

 

 

Real Estate in the Manhattan Beach Tree Section a Hot Market

Homes in the Manhattan Beach “tree section” are always a hot commodity and the market never took too much of a hit during the market slow down of the past few years. Due in part to great schools, family friendly neighborhoods, proximity to the beach, and limited supply, tree section luxury homes and Manhattan Beach real estate in general, has always remainded strong. The market has really taken off since the beginning of the year with most home listings getting multiple offers and often selling above list price.

Current Manhattan Beach Tree Section Homes for Sale

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

redondo beach

Vista Sotheby's International

Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

CONTACT AGENT

DRE#01712785

keith kyle

Top Producing Realtor

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Sotheby's International

Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.