Category: Homes
Short sale inventory down in Redondo Beach
It wasn’t too long ago that most buyers had heard all of the horror stories involved with and wouldn’t go near them. In many conversations I explained to buyers that if they were looking for a “deal” a short sale was definitely the way to go. Unfortunately that just doesn’t seem to be the case any longer as short sale inventory is way down and anything initially priced below market value is quickly in escrow with multiple offers and most seem to be selling at numbers much closer to market value. According to Keith Kyle, a South Bay short sale specialist, “it’s a combination of lower inventory and a much more streamlined short sale process in which most short sales are going through. No longer are buyers overly cautious about potential short sales taking 6 months or more like they had in the past.” While short sale may not be the bargain they once were, they still are the likeliest source of well priced homes if and when you can find them. For a current list of foreclosures visit either our Redondo Beach foreclosures site, or our South Bay foreclosures and short sales listings.
Fusion South Bay Inventory Finally on the Rise
Fusion South Bay is a small gated community in the area of Hollyglen. Although in the city of Hawthorne, the community has it’s own school system and has a distinctly different feel than many other neighborhoods of Hawthorne. The towhomes in Fusion offer a great alternative to buyers looking in nearby Redondo Beach and Torrance as prices generally range between $450,000 and $600,000 but as the homes were built around 2006 and 2007 they are much newer and more upgraded than the equivalent price range in neighboring cities.
As of November 6th, 2013 the inventory finally seems to be on the rise again with 4 units currently on the market.
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1501 Magnolia Ave in Manhattan Beach – Home for Sale Video Walkthrough
Come and join us for a video tour of our latest listing in beautiful Manhattan Beach. 1501 Magnolia is a fantastic single level home that has been inspired by life at the beach. Welcome home to this perfect beach cottage for sale in the beautiful city of Manhattan Beach CA. This single family home, just 2 blocks from Meadows Elementary School is as charming on the inside as it is from the outside. This beautiful home was upgraded and expanded in 2010 and from the color choices to the materials used, was clearly inspired by the joys of coastal living. For sale by Manhattan Beach realtor Keith Kyle, this home features 2 large bedrooms plus a spacious master suite, open kitchen perfect for entertaining, front and rear yards, back patio, hardwood floors throughout, 2 beautiful bathrooms and all of the coastal charm imaginable.
For more information on this wonderful home or any of my listings, please contact me.
Keith Kyle Year End Top Producer since 2007, Realtor, e-Pro
Vista Sotheby’s International Realty – DRE#01712785
2501 N. Sepulveda Blvd. | Manhattan Beach, CA 90266
(310) 251-2344 | (310) 546-7611 x366 Keith.Kyle@vistasir.com
For real estate information, open houses, and FREE MLS access visit www.KeithKyleHomes.com
Ocean View Condo at The Village in South Redondo Beach
If you’ve dreamed of living life like you’re on vacation, this may be your opportunity. This beautifully remodeled condo in Redondo Beach offers vacation type living at it’s finest. Enjoy ocean, harbor and Redondo pier views within walking distance to restaurants, shops and the beach.
Contact Keith Kyle at with Vista Sotheby’s International 310-251-2344 or keith@keithkylehomes.com for more information on this beautiful ocean view condo in South Redondo Beach.
Is the South Bay Real Estate Market Slowing Down?
If August home sales numbers were any indication the market is continuing to go crazy, but from on the ground experience the South Bay real estate market is beginning to slow down a bit. There are likely several factors that seem to be driving this slowing market:
- Seasonal changes: The market always slows a bit once schools are back in. Summer home buyers eager to get a home in certain school districts keep the market buzzing in June, July and August.
- Interest rates: While still historically fantastic, it’s taking buyers a little while to grasp that we’re no longer likely to see rates in the 3% range, or even the mid to low 4% range. Rates had to adjust and although rates are still tremendous, borrowers are still suffering from a lowest rates ever hangover. In time the current rates will become the new normal and buyers waiting on the sidelines will once again jump into the fray.
- Prices: August year over year prices in the area neared a 25% gain….in just a year. That’s a pretty incredible increase and between the increases and many buyers frustrated with a market stacked against them have decided to sit it out for a while and hope that we eventually reach a balanced market.
Whether all of this indicates a trend towards a cooler market, or is just a temporary correction remains to be seen, but either way 2013 has been one of the quicker rebounds in real estate that we’ve ever seen.