Some great new listings in San Pedro – Palisades and South Shores Area

There have been some very charming homes on the market lately in the neighborhoods of Palisades and South Shores in San Pedro CA.   One of the more interesting possibilities is the ocean front home located on the bluff at 1311 Paseo Del Mar.  This one story Cape Cod home features a very large and open floorplan with panoramic ocean and coastline views.

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Palisades

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Real Estate Update in the Manhattan Beach Hill Section

The hill section of Manhattan Beach offers it all…..beautiful homes on quiet streets, stunning views, much larger lots than in other “sections” of Manhattan Beach, and luxury homes to take your breath away.  All of this while still being west of Pacific Coast

Highway/Sepulveda Blvd and still walkable to the beach.  It is specifically due to the larger lot sizes that the homes in the area are not as confined to certain sizes and designs to fit within the smaller lots of the sand section and tree section.  The result are often truly custom homes with large square footage, not at the sacrifice of larger outdoor areas.  It is simply the best of all worlds.  The market has not been as active as some of the surrounding areas and cities with very low inventory and relatively low numbers of listings and sales.  There have been 5 closed home sales in 2013 with an average sales price of $1.869M.   Due to low number of homes sold in the area and the extreme pricing differences, these numbers can be drastically different over time.  See a quick recap of the real estate market in the hill section of Manhattan Beach.

2 Active MLS Listings in the Hill Section
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 3,150,000 12 3 5.00 2002 3,695 5,502
Max 3,695,000 41 6 5.00 2003 3,936 6,255
Avg 3,422,500 27 5 5.00 2003 3,816 5,879
Sum 6,845,000
2 Pending Sales
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 1,750,000 12 4 4.00 1995 4,405 5,200
Max 2,997,000 54 5 5.00 2003 4,429 5,798
Avg 2,373,500 33 5 4.50 1999 4,417 5,499
Sum 4,747,000
1 Pending in Backup Offer Status
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 3,699,000 50 4 4.00 2006 3,447 4,191
Max 3,699,000 50 4 4.00 2006 3,447 4,191
Avg 3,699,000 50 4 4.00 2006 3,447 4,191
Sum 3,699,000
5 Closed Sales Since January 2013
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 939,094 939,094 2 1.00 1952 782 4,377
Max 3,577,000 152 3,525,000 5 6.00 2004 5,000 9,429
Avg 1,893,019 32 1,869,719 3 2.80 1970 2,611 5,768
Sum 9,465,094 9,348,594
Status: All
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 939,094 939,094 2 1.00 1952 782 4,191
Max 3,699,000 152 3,525,000 6 6.00 2006 5,000 9,429
Avg 2,475,609 33 1,869,719 4 3.70 1986 3,297 5,579
Sum 24,756,094 9,348,594

Contact Manhattan Beach realtor, Keith Kyle for more information on any of the hill section homes for sale below.

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South Redondo homes

Hollywood Riviera Home Prices On the Rise

The Hollywood Riviera real estate market has taken off in the past few weeks with a median list price of over $1.5M which is a fairly unbelievable number for an area with a median sales price of just over $1.0M for the past 4 months.  Included in these sold homes was the ocean front home at 623 Paseo De La Playa which sold for $2.625M and without that very unique sale, median prices would have been considerably lower.  What accounts for this incredible increase?

According to Redondo Beach specialist, Keith Kyle, it is a combination of a number of factors.  “The market has clearly changed in the past few months with inventory dropping and prices rising.  In addition the homes currently on the market just happen to be more upgraded and larger as sellers with luxury homes in the Hollywood Riviera have decided it is great time to list their homes.  One last factor is the dramatic reduction in the number of distressed sales.  As of a year ago distressed sales made up a sizable portion of the listings and are almost non-existent these days.”  Click here to view the most recent home sales in the Hollywood Riviera.

Current Hollywood Riviera Homes for Sale

Keith Kyle realtor for sale sign

South Bay Brokers Names 2012 Top Producing Agents

South Bay Brokers, one of the top real estate firms in the South Bay of Los Angeles, has recently named their Top Producing Agents for  2012.   RedondoBeachRealEstateHomes.com and Redondo Beach realtor Keith Kyle was once again a top producing realtor.  Thank you to my many clients that have put their trust in me over the years and have allowed me to part of their real estate needs.

 

Gated community of Fusion South Bay

Fusion and 360 South Bay Hot Real Estate Markets

With inventory continuing to decline the condo and townhome markets in the Hollyglen communities of 360 South Bay and Fusion South Bay have continued their torrid pace.  Both complexes are located along Aviation Blvd in the area of Hawthorne known as Hollyglen.  Fusion South Bay was completed in 2007 and 360 South Bay began releasing units in the past 2 years, so both offer a very affordable way of getting new or newer construction in the area which is very rare in the South Bay.  According to Manhattan Beach realtor Keith Kyle “many home buyers in the area often start their search looking for homes in Redondo Beach and find that in the mid $400K -$550K range what they can afford is much older and smaller.  Fusion and 360 offer a similar location, great schools and a much lower price point.  Simply put you get much more for your money.”

The market has been very active with 8 resale units currently in escrow.  360 is still currently releasing new construction units and most are not on the MLS so there are a number of additional sales not noted below.  As of March 13th there are no active condos or townhomes for sale in Fusion but click below for the latest list of homes for sale as it’s continually updated.

Hermosa Beach Real Estate – By the Numbers

The below chart offers a quick overview of the real estate market in Hermosa Beach as of March 4, 2013.  The month of February saw 12 closed sales with 40 active homes for sale and 32 pending home sales in this small coastal community.  Prices are definitely on the rise and is the case with neighboring Manhattan Beach and Redondo Beach, inventory is at near record lows while demand remains very high.   Click here to view the recent Hermosa home sales by month, or the current MLS list of homes for sale in all areas of Hermosa Beach CA.  The active listings averages and median home prices are skewed somewhat by the oceanfront home for sale at 2666 The Strand priced at $14,250,000.

12 February Closed Sales
 List Price  ADOM  Selling Price  BR BA Year Built SqFt Lot SqFt
Min  $399,000 4  $  345,000 1 1 1929 450
Max  $4,975,000 1011  $ 4,600,000 5 5 2012 4,040 10,132
Avg  $1,541,167 116  $ 1,476,667 3 2.75 1978 1,929 4,008
Sum  $18,494,000  $ 17,720,000
40 Active Listings
 List Price  ADOM  Selling Price  BR BA Year Built SqFt Lot SqFt
Min  $335,000    1 1 1920 439 973
Max  $14,250,000 328    6 8 2013 7,000 43,536
Avg  $1,819,950 62    3 3.2 1982 2,117 9,278
Sum  $72,798,000   
32 Pending Sales
 List Price  ADOM  Selling Price  BR BA Year Built SqFt Lot SqFt
Min  $335,000 1    1 1 1924 440 1,007
Max  $3,289,000 321    4 5 2013 3,700 59,585
Avg  $1,025,369 64    3 2.61 1978 1,755 9,451
Sum  $32,811,800   

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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

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1801 S Catalina Ave, Redondo Beach, CA 90277

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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.