Hermosa Beach Real Estate – By the Numbers December 2012

Hermosa Beach real estate market update for December 2012

By the Numbers:

  • 34 – Active homes for sale in Hermosa Beach
  • $349,900 – Lowest priced home (condo/hotel in The Beach House Hermosa)
  • $6,300,000 – Highest priced home (oceanfront Strand home)
  • $949,000 – Median home price
  • 102 – Average days on market

 

  • 16 – Single family homes for sale
  • $819,000 – Lowest priced single family home for sale
  • $6,300,000 – Highest priced single family home for sale
  • $2,629,000 – Average price of current sfrs (number is skewed due to 2 oceanfront Strand homes)
  • 70 – Average Days on Market

 

  • 18 – Number of current condos and townhomes for sale
  • 35 – Pending home sales
  • 17 – Single family homes in escrow
  • 18 – Condos and townhomes currently in escrow

 

  • 14 – Number of completed home sales in past 30 days
  • $575,000 – Lowest price home
  • $3,950,000 – Highest price home (oceanfront Strand home)
  • $952,450 – Median home price
Manhattan Strand homes

Manhattan Beach Luxury Home Market Strong in the Sand Section

Sand section homes in Manhattan BeachManhattan Beach walkstreet homes

The surf, the sun, the sand, the beautiful views…..the luxury home market in the Manhattan Beach sand section has remained strong although there has been a slow down of pending home sales since the end of summer. Currently there are 14 active homes and townhomes for sale in the sand section priced over $2,000,000. The average price for active listings in the sand section is $3,595,000 with the average sales price of $2,422,600 for homes sold since October 1, 2012.

Currently there are more homes for sale priced above $2.0M than below with 14 homes priced above and only 13 homes sub $2.0M.  Much of the driving force of the high current list average is due to the number of oceanfront homes on The Strand as well as a number of luxury walkstreet homes.

Ocean View Condos in Seascape and The Village Redondo Beach

Oceanview condos of the village and seacapes

real estate and condos for sale in south Redondo Beach 90277

The area of Redondo known as The Village, or Seascapes I, II and III offers the finest in resort living. Located near the Redondo Beach pier and a short walk to both King Harbor and the beaches of Redondo, these upscale condominiums offer a resort feel, and are the perfect home for those wanting to live close to the ocean. Often offering fantastic views of the Pacific Ocean, Catalina, and the beaches of Redondo the Seascape condominiums and townhomes boast pool and exercise facilities, a short walk to beaches, shopping and the pier. This is South Bay living at it’s finest.

There are endless reasons that the South Bay and Redondo Beach are great places to live, and without question the proximity to the ocean is one of them.

Redondo Beach offers a wider variety of options than neighboring Hermosa Beach and Manhattan Beach as it’s zoned to allow higher density housing in some areas…..meaning larger condo complexes. Some of the most ideal complexes are located in South Redondo Beach just off of Catalina and are known as the Village or Seascapes I, II and III. All of the Seascape Buildings are also known as the Village (they’re actually all on Catalina but the addresses are on The Village) All of the complexes have homeowners associations with relatively high HOA dues (other than the actual “Village” to cover the various landscaping, pools and some insurance, but if you’re looking for an affordable way to have a beach home, they may be ideal for you.   See the current condos for sale in The Village and Seascapes

The Village condos and townhomes

610-696 the village, Redondo beach

The Village in South Redondo Beach offers the most affordable way of living right at the beach in the South Bay. Consisting of 323 ocean view units with the majority being condo style homes with a few townhomes on the corner of Torrance and Catalina.   Home options include 410 foot studios, 619 foot one bedroom and 2 bedroom condos located with street addresses between 610 and 660 The Village as well as a few townhomes in the 670-696 addresses that rarely come on the market.  

The units are staggered so that all offer some ocean views from the condos or balconies.  The buildings consist primarily of one bedroom condos with each floor having 2 studios that are furthest from the water, and two 2 bedroom layouts that are always on the front of the building and offer the most direct ocean views.

The Village is located just east of King Harbor and the Redondo Pier.  The proximity to the beach, King Harbor, Hermosa and Manhattan makes for a fantastic and active lifestyle.  The community offers a resort like feel with 2 fantastic pool areas, one for Village owners/renters and the other shared with the nearby Ocean Club (rental units), BBQ areas, firepits, state of the art fitness (part of the Ocean Club that owners/renters have access to) and an onsite market/restaurant. See the current homes for sale in The Village and Seascape

Seascape 1

210 - 250 The Village, Redondo Beach

Seascape One is actually located between Seascapes II and III and consists of 210-250 The Village. It was built in 1978 and is just east of King Harbor and the Redondo Beach pier. Many of the units have fairly unique windows that allow for plenty of light and breezes. The smallest units are 1 bedroom 1 bath with around 577 square feet with the largest units being 2 bedroom 2 bath with just over 1600 feet. Values depend primarily on the location and view as well as the upgrades that the owners have done over time.

 Pros: Location, location, location. Seascape I is central to everything and you truly don’t have to get in the car on the weekends. It’s directly adjacent to the marina and the Redondo Beach pier and has a large grassy park just outside your door. Some of the units are very nicely remodeled and some have tremendous ocean views (although those unblocked view units rarely come on the market. This is an affordable way to live by the beach or use a rental unit. See additional pictures of an ocean view unit at 240 The Village.

Cons: The complex is a little maze like and finding your way around isn’t always simple but this is not a challenge for the residents….only visitors. The complex also has shared laundry with a laundry room near the elevator on every floor. As each floor has it’s own laundry it is only shared by a few units so in general it isn’t a problem. Unlike Seacapes Two and Three the complex is not gated (although the parking, pool and the north side of the complex are)  See the current homes for sale in The Village and Seascapes

Seascape 2 condos and townhomes

110-160 The village

Seascape 2 was built in 1980 and looks a bit more modern than Seascape I. The units are much larger with the smallest one bedrooms just a bit over 900 square feet and the largest condos having 2 bedrooms plus a very good sized loft (with an additional balcony) and just at 1900 square feet. Seascape 2 consists of the buildings with 100-160 The Village addresses and is the furthest north of the oceanfront/oceanview buildings. The complex has a very nice pool area and is walkable to just about everything imaginable. Seascape 2 also has some townhome units with larger square footage and attached garages. Many/most of the units have been extensively remodeled and many have stunning ocean and harbor views.

Pros: Again the location is excellent with shops, restaurants, gyms and the beach just a stroll away. The complex has a very nice vacation like feel to it and is ideal for those looking for a beach home, second home or just wanting a primary residence at the beach….without the price tag of many other oceanview properties.

Cons: There are occassionaly special assessments and the monthly HOA is fairly high and currently range between the low $700 -$850s depending on the unit size. It’s a fairly large complex and often a bit confusing to find your way around. Although the views can be stunning some of the units are a bit further back with a service road and a few buildings in front of the views of some of the lower units.  See the current homes for sale in The Village and Seascapes

Seascape 3

510 - 540 The Village, Redondo Beach

Built in 1980 Seascape 3 feels very similar to Seascape II with a slightly more “vacation” type feel. The condos are fairly large with the smallest 1458 square feet and the largest being the penthouse 2 bedroom with an ocean view loft and separate patio with slightly over 2000 square feet. This is the furthest south of the Seascape buildings but still walkable to everything.

Pros: Again the location is just ideal and the complex has a great second home or vacation feel. Higher floor units have some tremendous views and many have been very nicely upgraded. As with all of the Esplanade and Village buildings, prices have come down considerably as they have had a very high second home ownership in the past and have suffered quite a bit with some foreclosures and short sales forcing prices down which makes for an ideal environment for buyers

Cons: As with all of the Seascape buildings the HOA is quite high and the age of the buildings, coupled with their environment of sun and salt air, often make for additional assessments. HOA is also fairly restrictive as to what can be done to the units, but this can also be considered a positive for many.

current Seascape and Village condos and townhomes for sale

Ocean and harbor view condos in south Redondo Beach

Manhattan Strand homes

Manhattan Beach Real Estate And Homes for Sale

Welcome to real estate in Manhattan Beach

Manhattan Beach offers housing options from multi-million dollar mansions on the world famous “Strand” to wonderful cottages on tree lined streets. Manhattan Beach real estate is generally comprised of 5 very distinct “sections”.  All of these neighborhoods are part of the award winning Manhattan Beach Unified School District but each has a very different atmosphere that appeals to people with varying priorities.

Manhattan Beach walkstreet homes

The sections are the Sand Section with many charming pedestrian only streets and the ever important proximity to the beach, the Tree Section with great family neighborhoods and tree lined streets, the Hill Section with breathtaking ocean views and breezes, the gated community of Manhattan Village, and the area east of Sepulveda Blvd known as East Manhattan. Click on each neighborhood to see what makes them different and to get valuable insight into the real estate options and benefits of each.Your online resource for Manhattan Beach homes and real estate. Find your home in Manhattan with our simple targeted home finder or search all South Bay homes with our free MLS access. If you are looking to buy or sell a home or investment property in Southern California….we can help. Find out why Vista Sotheby’s International should be your Manhattan Beach Realtors®. From townhomes in the sand section, to mansions on The Strand, to investment properties in El Porto, to estates in Manhattan Village, we can help.

Location:
Starts at Homer Street on the South, and 45th on the North.

Lot Sizes: Typically 30’x90′ in size, East-West lots can be 33.3×100′; many other lots are half size (30″x 45′), particularly in EI Porto (Historically north of 38).

Height Limit: 30′, three stories, no decks on top story.

Strand Properties: Range in value from 6.5M to 25 Million, approximately 45 condos on the Strand.  Most lots are 30’x100′ to 30’x150′.

Walk Streets 100 & 200 Blocks: South End Walk Streets: Flat, no view typically. Highly desired by families, no traffic on the sidewalk street. Yards require encroachment permits to provide low landscaping. Star at 4th and go to 10th. North End Walk Street: 15th to 20th Street.
Ocean views.

Town homes: Range in size from 1900 to 2300 (look for basements now).

Gaslight Section: Between 21st Street and 24th Street; Blanch and Grandview. There are some gaslights on 400 block of Maine and 23m Street. Typically, 30’x90′ lots, two stories, 26′ height limit, so the new homes are smaller than the Sand Section and Tree Section.

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