North Redondo Beach

August Home Sales Show Big Numbers in the South Bay

The South Bay saw big numbers in August 2013 with impressive increases in both median home price and the number of sales in many of the local communities. Hermosa Beach posted some of the most impressive numbers with 30 closed sales in this small beach community and a median home price of over $1.2M. “This is a big number but it’s especially impressive as it’s a 40% increase over median home prices in Hermosa Beach in August of 2012″ according to Hermosa Beach realtor Keith Kyle. Other cities enjoyed significant gains as well. Click on any link below to view the homes sold and home sales prices for August.

Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance

in Communities, El Camino Village, Fusion South Bay, Golden Hills, Hermosa Beach, Hollywood Riviera, Manhattan Beach, Manhattan Beach Hill Section, Manhattan Beach Sand Section, Manhattan Beach Tree Section, Market Trends, North Redondo Beach, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

July 2013 Home Sales in The South Bay – By the Numbers

July was a record month in many South Bay cities as we saw a multi year high number of new listings, pending homes sales and closed home sales. This may be the increase in home inventory that eventually balances the market as opposed to the drastic seller’s market at the moment.

El Segundo – Active Homes for Sale 18 – Pending Home Sales 14 – Closed home sales 16

Hermosa Beach – Active Homes for Sale 31 – Pending Home Sales 25 – Closed home sales 29

Manhattan Beach – Active Homes for Sale 68 – Pending Home Sales 37 – Closed home sales 45

Palos Verdes Estates – Active Homes for Sale 42 – Pending Home Sales 18 – Closed home sales 27

Rancho Palos Verdes – Active Homes for Sale 101 – Pending Home Sales 56 – Closed home sales 44

Redondo Beach – Active Homes for Sale 102 – Pending Home Sales 104 – Closed home sales 110

Torrance – Active Homes for Sale 159 – Pending Home Sales 129 – Closed home sales 158

in Communities, Golden Hills, Hermosa Beach, Manhattan Beach, Market Trends, North Redondo Beach, Opinion, Rancho Palos Verdes, South Redondo Beach, Torrance Posted by Keith Kyle

Inventory On The Rise In the Beach Cities and South Bay!

It’s taken a while but inventory is finally steadily increasing with 4 straight months of rising number of homes for sale. July saw the number active homes on the MLS at 583 which is the highest since September of 2012 which was a vastly different market. The chart below shows the past 2 years of active listings (light green column) pending home sales (red line) and sold homes (teal column). According to Manhattan Beach real estate agent Keith Kyle, “the rising number of homes for sale should be good news for buyers but there is still incredible demand which will continue to translate into higher home prices”. The cities included in the chart below are Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo and the communities of Palos Verdes

The number of pending home sales in July 2013 was the highest since March of 2012 with 400 pending sales, and the number of sold homes in July was 411, which was the highest month in over 5 years. To view the home sales in the individual cities in the South Bay click here.

in Communities, Hermosa Beach, Manhattan Beach, Market Trends, North Redondo Beach, Rancho Palos Verdes, South Redondo Beach, Torrance Posted by Keith Kyle

August 3, 2013October 19, 2022

Redondo Beach Weekend Open Houses

If you feel like a small diversion from the beach, take a look at many of the wonderful homes are currently for sale. There are plenty of open houses to take a look at this weekend in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo. Click here to see this weeks open houses in the South Bay.

in Communities, Hermosa Beach, Hollywood Riviera, Homes, Manhattan Beach, North Redondo Beach, Ocean View Homes, Oceanfront Homes, San Pedro, South Redondo Beach Posted by Keith Kyle

June 2013 Home Sales in the South Bay

The June home sales numbers are in and once again it was a very big month for home prices as many areas reached multi year highs once again. The beach cities saw very high median home prices as many luxury properties sold at prices unseen in the past. Click on the links below to view the home sales for various South Bay cities.

June 2013 Home Sales
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance

in Communities, El Camino Village, Fusion South Bay, Golden Hills, Hermosa Beach, Hollywood Riviera, Homes, Manhattan Beach, Market Trends, North Redondo Beach, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

July 9, 2013December 3, 2021

So What’s All the Fuss about Pocket Listings in Redondo Beach

Understanding off market and pocket listings

With the extremely tight inventory of homes for sale in the South Bay, many buyers approach me looking for off market, or pocket listings. Pocket listings and exclusive listings are the hot trend at the moment as eager buyers clamor for a chance to purchase a home without all of the competition. In this market knowing about it first may not ultimately make a difference, but it certainly helps. Many agents seem to be trying to keep listings private as well in the hopes that perhaps they can represent both buyer and seller, which is much easier if fewer agents know that the home is for sale. So what do the terms actually mean? A pocket listing can be anything from a realtor simply knowing about a home that a seller might consider selling and not having a listing agreement, to something coming to the market but not yet on the MLS, to the intentional withholding of the listing from the MLS.

But is it beneficial to the seller?

In terms of price, exposure, etc. the answer is generally no. The more exposure the home gets, the more potential buyers see it, and the likelihood that it will sell for a better price and with more favorable terms for the seller. Eliminate that competition and generally speaking the chances of such favorable terms decrease.

There are very legitimate reasons for exclusive or “pocket” listings and for keeping the property off the market…..work being completed, tenant issues, or simply a seller who doesn’t want the world touring their home. Seller’s just need to be sure that the reasons for keeping a home off of the South Bay MLS are beneficial to them….and not just to the listing agents.

Whether keeping a listing from the MLS is good or bad for the seller ultimately depends on the situation and whose best interest is the primary reason, but working with a top local realtor who has the network and knowledge to seek out these possible opportunities is certainly key for the buyer.

in Communities, Foreclosures, Homes, Market Trends, North Redondo Beach, Opinion, South Redondo Beach Posted by Keith Kyle

August Home Sales Show Big Numbers in the South Bay

July 2013 Home Sales in The South Bay – By the Numbers

Inventory On The Rise In the Beach Cities and South Bay!

Redondo Beach Weekend Open Houses

June 2013 Home Sales in the South Bay

So What’s All the Fuss about Pocket Listings in Redondo Beach

Understanding off market and pocket listings

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