Category: Communities
El Camino Village Real Estate…Hot But Not
The area of Gardena and Lawndale known as El Camino Village has long been a fantastic option for buyers, especially first time home buyers, feeling priced out of many of the family friendly neighborhoods of Redondo Beach and Torrance. The good news is that although prices are going up, they’re still well below other similar areas….the bad news is that there just are no homes available. At the moment there is one home available with 12 pending home sales. On first look that is an absolutely stunning ratio but it is a bit misleading. Of the 12 homes 11 are short sales and the other is a flip meaning some of these homes have shown pending status for a very long time. What looks to be an ultra hot market isn’t quite as active as it appears with an average days on market of 144. Bottom line in this great area is that it is a great opportunity with the short sale opportunities, but with almost no active inventory and future home for sale likely won’t last long. See below for the current El Camino Village homes for sale.
| MLS# | Status | Address | City | Price | Br/Ba | Yr Blt | Sq ft | ||
| SB12131049 | Active | 15234 | Cerise AV | GR | $ 369,000 | 3/1,0,0,0 | 1947/ASR | 1206 | STD |
| Y1203732 | Pending | 3242 | 154 ST | GR | $ 339,500 | 2/1,0,0,0 | 1943/SEE | 1282 | SPAY |
| S12112360 | Pending | 15612 | Florwood AV | LAWN | $345,000 | 3/1,0,0,0 | 1952/ASR | 1024 | SPAY |
| P701480 | Pending | 15532 | FAYSMITH AV | GR | $ 349,000 | 3/1,0,0,0 | 1947/ASR | 1001 | SPAY |
| SW12126917 | Pending | 15516 | Florwood AV | LAWN | $425,000 | 3/2,0,0,0 | 1952/ASR | 1500 | SPAY |
| R1204800 | Pending | 15609 | FALDA AV | GR | $438,900 | 3/1,0,1,0 | 1951/ASR | 1446 | |
| Y1202217 | Pending | 15607 | CERISE AV | GR | $345,000 | 3/1,0,0,0 | 1947/ASR | 1078 | SPAY |
| S12095612 | Pending | 15527 | Lemoli AV | GR | $299,000 | 3/1,0,0,0 | 1946/ASR | 1026 | SPAY |
| S694642 | Pending | 3728 | MARINE AV | LAWN | $300,000 | 3/1,0,0,0 | 1951/ASR | 1106 | SPAY |
| V11033751 | Pending | 3163 | 152nd PL | GR | $310,000 | 2/1,0,0,0 | 1943/ASR | 975 | SPAY |
| S12099784 | Pending | 15533 | Patronella AV | GR | $330,000 | 4/2,0,0,0 | 1947/APP | 1224 | NOD, SPAY |
| R1104644 | Pending | 3619 | 152ND ST | LAWN | $395,000 | 4/2,0,0,0 | 1953/ASR | 1435 | SPAY |
| P805852 | Pending | 3222 | 152ND PL | GR | $325,000 | 3/2,0,0,0 | 1944/ASR | 1462 | SPAY |
| 12010128 | Pending | 3238 | 152ND PL W | GR | $ 225,000 | 2/1,0,0,0 | 1943/ASR | 846 | SPAY |
Below chart shows the recent statistics for the pending sales in El Camino Village. Keep in mind that these are not closed sales and prices only reflect “list” price and not the actual sales price.
Manhattan Village Real Estate Market Activity
While much of the South Bay and Manhattan Beach real estate markets suffer from low inventory and high demand, making it difficult for many buyers to find the right home, Manhattan Village has seen an abundance of listings in the past month. There are currently 4 homes on the market, 2 of which are court homes and two are town homes. In addition a plan 5 estate home is soon due to come on the market as well. In addition there are currently 3 court homes in escrow as well as 2 estate homes, which are actually single family homes located in a different area of Manhattan Village. Manhattan Village is a gated community in the coastal community of Manhattan Beach and home prices generally range from the low $700,000s to over $2.0M for certain estate homes.
September 2012 Closed Home Sales and Home Prices
Click on any South Bay city to view the sold homes in September 2012. September was a strong month in terms of both the number of home sales as well as prices. Combined median prices for the cities below reached their highest point since December of 2010, which was skewed by dramatically lower number of sales and number of home sales continued to be strong. Monthly home sales were down a bit but the primary reason was the lack of inventory.
South Bay Communities and Real Estate Websites
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Big Views in the Hollywood Riviera
The Hollywood Riviera offers some homes with great views but a view this good is still rare and the oversized lot makes this home even more of an opportunity.
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Lack of Starter Homes Available in the Golden Hills of Redondo Beach
Many South Bay home buyers are looking for a starter home in the Beach Cities often look to the Golden Hills area of Redondo Beach. The area offers homes often referred to as “tall and skinnies” due to the very narrow and long lots created when the area was originally subdivided. The Golden Hills area is located just east of Hermosa Beach between Artesia and 190th. Homes are often significantly less expensive then identical homes just several blocks away in the Hill Section of Hermosa. The homes generally start in the mid $700K range for something with 1700 square feet or so, but there are always less expensive options….until recently. While pulling comparables for a Redondo Beach home seller, it was hard to believe that of the 8 homes priced below $750,000 only one was active and all others were pending. That’s a fairly incredible ratio, even in this very active market. If home sellers are considering selling their entry level Golden Hills home, now may be a great time.
The chart below shows just how far down our inventory has come on single family homes priced below $750,000. September of last year had 13 active SFR listings in the Golden Hills in this price range while now we only have one. That’s a fairly incredible turn around in one year but the inventory has steadily dropped.
Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with Vista Sotheby’s International Realty in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.