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.

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

So What’s All The Hype about “Off Market” Redondo Beach Listings These Days?

With the local real estate market so active, home inventory at near record lows and buyers in a frenzy to find homes, the buzz is all about “off market” listings.  So what does that really mean and how can it benefit you?  Off market listings can mean a number of different things which can include:

  • Exclusive listings – This is a situation in which a realtor has a signed listing agreement but the seller doesn’t want it on the MLS for some reason.  This can sometimes be due to the home having tenants, can be due to sellers simply not wanting to go through the hassles of open houses, endless showings, etc.  This usually will get the seller a lower sales price, but for many it’s well worth it.  It’s great for home buyers to know about these listings as the competition can be far less fierce.  Less competition can often mean better price and terms for the buyer
  • Upcoming listings – sometimes a home will be coming up for sale but just not listed yet.  The usual reason is that the seller is getting it ready for the market.  This can mean anything from doing major work/upgrading to simply cleaning it up.  If you can get in early before the seller has spent money there is an opportunity to buy at a lower price.
  • Pocket listings – this is a situation in which someone (usually a realtor) knows of someone that “might” consider selling.  As they usually do not have a listing agreement signed it’s tough to get much information from them.  Agents often contact me with pocket listings and may give a street or a vague description but often not an actual address.

There are other opportunities as well with some sellers taking a “make me move” type approach in which the right price just may get them to consider selling.  Other potential opportunities may include knowing which homes have a notice of default or notice of trustee’s sale, and they may consider doing a short sale (although most lenders require the home to be “on the market” for them to consider)

So how do you find out about off market listings?  The best way is to find a local realtor that spends time networking with other agents and homeowners.  Intimate market knowledge is critical as many top agents share listing information prior to it going on the MLS or being marketed to the masses.  I generally hear of 10 listings or so each week that are off market or not yet listed and this can be a tremendous advantage in a market that is so competitive.  Contact South Bay realtor Keith Kyle for information on off market listings and homes not yet on the MLS.

Hermosa Beach Sand Section Home Prices Reaching New Levels

Although median prices in a luxury market such as the Hermosa Beach sand section can vary dramatically due to one or two oceanfront home listings on The Strand, the median home prices for active listings has reached record highs.  The sand section of Hermosa Beach is the area closest to the ocean and is bordered by Manhattan Beach to the north, the streets of Valley/Ardmore to the east, and Redondo Beach to the south.  There are numerous housing options ranging from magnificent Strand homes, to “walkstreet” homes with an alley in the back but a pedestrian only sidewalk in the front, to endless ocean view condos, townhomes and single family.  In general prices are higher north of Pier Avenue.

According to local realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers “the homes active on the market are almost all exclusively very high end luxury homes and we’ve reach a median home price never seen before.”  The current median home price for all types of active homes is at $3,749,000.  This in a town where the median prices have hovered in the $1.1M-$1.2M in general for the past few years.  There are many factors at the moment including a number of ocean front homes including 2666 The Strand, an oceanfront estate priced at a whopping $15,900,000 (incredibly it was raised from it’s original $13,900,000), 718 The Strand at $6,300,000 and 5 other homes priced over $4.0M with 3 walkstreet homes for sale.

[idx-listings community=”Hermosa Beach Sand” propertytypes=”513″ orderby=”Price” orderdir=”DESC” count=”5″]

Are Foreclosure Opportunities a Thing of the Past?

As a short sale listing expert, I’ve tracked the number of foreclosures, meaning both short sales and bank owned homes (REOs) in the South Bay for the past few years. It wasn’t long ago that each month there would be consistently over 100 short sale homes listed in Torrance alone. That certainly isn’t the case any longer. As of April 10th 2013 only 29 short sales were on the market in the cities of Lawndale, Gardena, Manhattan Beach, Redondo, Hermosa, Palos Verdes, El Segundo, San Pedro and Torrance combined.

The chart above shows the number of active short sale listings, pending escrows and sold homes for each month in the cities mentioned above. The light green bar shows the active listings, dark green shows sold homes with the red line showing the pending or “in escrow” homes.

 

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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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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.