North Redondo Beach

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

Let Your Renter Help Pay the Mortgage – Redondo Beach Duplex

This is an absolutely ideal property for the investor or owner user, with 2 detached homes in a great North Redondo Beach neighborhood. Let your tenants help pay your mortgage! Each home has been lovingly maintained and updated with gleaming hardwood floors, recessed lights, updated kitchens and baths and so much more. The front home enjoys a very large fenced grassy front yard, rear patio, spacious kitchen, private laundry room, 2 bright bedrooms and a very bright and inviting living room. Rear home features 2 bedrooms plus a spacious bonus room that can be used as an office or 3rd bedroom.

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in Featured Properties, Homes, Homes of Note, Investment Property, North Redondo Beach Posted by Keith Kyle

June 11, 2013March 9, 2023

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

First the good news for buyers. The number of new listings has continued to increase for the past several months with monthly increases since January (March was an exception). Unfortunately that hasn’t meant finding a home is any easier as the increase in listings has also seen a significant increase in home sales and pending escrows. According to Keith Kyle, Realtor with South Bay Brokers in Manhattan Beach, “the increased number of listings is a good sign, but it hasn’t alleviated much of the pent up demand.

Redondo Beach real estate trends

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

Home Sales On the Rise in the Beach Cities

May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo. Both the number of sales and home prices were on the rise. The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise. According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market. We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”

View the homes sales by clicking any of the May 2013 home sale links below.

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

May 23, 2013November 25, 2021

Inventory, Home Sales, Pendings and Prices All Rising in Golden Hills of Redondo Beach

Unlike the adjacent neighborhoods of Manhattan and Hermosa Beach, the real estate market in the Golden Hills of Redondo Beach, just east of Hermosa has been somewhat unique in recent months. Everything seems to be on the rise with the number of active homes for sale increasing, sales increasing, pending home sales increasing and prices on the rise. The area is home to a rather unique type of single family home known as a “tall and skinny” in the local real estate world. With lots dimensions at 25 x 100 and minimal setback requirements, most homes are only separated by 5 feet and is something not seen in many other neighborhoods. Read more about the pros and cons of Golden Hills Real Estate. According to Redondo Beach real estate specialist Keith Kyle, “we’re seeing homes selling over list price, with multiple offers on a fairly regular basis and prices have rebounded considerably in 2013.”

Real Estate Statistics and Trends for The Golden Hills in Redondo Beach

The report above shows the recent housing activity, including active homes for sale (light green), pending home sales (red line) , and closed home sales (dark green).

The chart above shows the average price per square foot in the Golden Hills

The chart above shows the average days on market as well as the % of sale price compared with the list price

The chart above shows the median home prices (light blue) as well as average list prices and average sold prices

in Communities, Golden Hills, Market Trends, North Redondo Beach Posted by Keith Kyle

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

Let Your Renter Help Pay the Mortgage – Redondo Beach Duplex

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

Home Sales On the Rise in the Beach Cities

Inventory, Home Sales, Pendings and Prices All Rising in Golden Hills of Redondo Beach

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