Gated community of Fusion South Bay

Fusion and 360 South Bay Hot Real Estate Markets

With inventory continuing to decline the condo and townhome markets in the Hollyglen communities of 360 South Bay and Fusion South Bay have continued their torrid pace.  Both complexes are located along Aviation Blvd in the area of Hawthorne known as Hollyglen.  Fusion South Bay was completed in 2007 and 360 South Bay began releasing units in the past 2 years, so both offer a very affordable way of getting new or newer construction in the area which is very rare in the South Bay.  According to Manhattan Beach realtor Keith Kyle “many home buyers in the area often start their search looking for homes in Redondo Beach and find that in the mid $400K -$550K range what they can afford is much older and smaller.  Fusion and 360 offer a similar location, great schools and a much lower price point.  Simply put you get much more for your money.”

The market has been very active with 8 resale units currently in escrow.  360 is still currently releasing new construction units and most are not on the MLS so there are a number of additional sales not noted below.  As of March 13th there are no active condos or townhomes for sale in Fusion but click below for the latest list of homes for sale as it’s continually updated.

Pier Plaza Hermosa Beach

Is the Hermosa Beach Market Calming Down?

Hermosa Beach has seen prices rise as demand has boiled over due to several months of very low home inventory but perhaps we’re starting to see that even out just a bit. The number of homes for sale has stayed relatively flat for 3 months now despite significant pressures due to pent up demand.  Click to view the active homes for sale in Hermosa Beach.

In addition we’ve seen an increase in months of inventory due to a higher number of new listings as of late. Inventory had been slowly declining for the past 12 months with December reaching a low point of only 1.2 months of inventory on the market. January saw a jump up to 4 months but as Hermosa is a very small community numbers do tend to fluctuate on occassion.

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As one of the top listing and selling Realtors in Redondo Beach, we know how to help buyers find and negotiate on the right home, and know how best to get Redondo Beach home sellers the highest sales price with the fewest hassles.  View our Redondo Beach home sales and listings to get a sense of the homes we sell and how we may be able to help with your real estate needs

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Manhattan Village pool

Manhattan Village Real Estate Market – February 2013

Manhattan Village, one of the only gated communities in the Beach Cities, has continued to be an active market with 2 current active homes for sale, and 3 pending homes for sale.  Both active listings are plan 2 court homes with 2 bedrooms and 3 baths and all pending listings are court homes as well.   Visit our Manhattan Village real estate information page to view a community map as well as floorplans for all courthomes, townhomes and estate homes.

The chart below shows the most recent closed home sales in Manhattan Village with all but one being a standard sale and one short sale at 20 Bridgeport, a 4 bedroom estate home.  Visit our Manhattan Beach home sales page to see updated reports on the most recent closed escrows.  Contact Manhattan Beach Realtor, Keith Kyle, for more information.

Looking for a starter home in Redondo Beach?….this may take a while….

**Please note that this post is from 2013 and the market and home prices have changed dramatically since then**

I have a number of buyers looking in Redondo Beach for a single family home under $750,000. Normally that’s not too difficult to find and it’s more a question of specific location, or style, etc. The problem now is that single family homes in this price range, which would be considered “starter homes” in Redondo, can be difficult, if not impossible, to find. It hasn’t been easy lately to explain to buyers (many of whom start the search in Hermosa Beach but find themselves priced out) that there just are no homes to buy. The chart below paints a pretty bleak inventory picture with almost nothing to buy, and the few that are priced below $750,000 are not at all what they are looking for.

The chart below shows all single family homes for sale, pending and sold in the $750,000 and under price range in Redondo Beach.  The teal line represents the active homes for sale in Redondo Beach and it’s pretty clear that there are few, if any, real opportunities.  According to Redondo Beach realtor Keith Kyle, “until sellers decide that this is an optimal time to list their homes for sale, this trend of low inventory and high demand will continue.”

Kids activities in Redondo Beach

Done the right way….we sell more than just houses….

With the dawn of a new year, it really got me thinking about what we do as Realtors and why, If done with the right motives, it’s so rewarding.  In the stresses of an escrow, or in the challenges of a day of showing houses, it’s easy to lose sight of what selling a home can mean and for many it’s just another “deal”.  But that’s not at all what this is about.  I work with many first time home buyers and it is no exaggeration to think that this decision that I’m helping them make is nothing short of life altering.  The home someone chooses is more than just granite counters, 2.5 bathrooms, corner lot, fixer or turn key….it is choosing a neighborhood, choosing neighbors, choosing schools, and even choosing a lifestyle.   It’s about people…the people the home buyer doesn’t even know yet that may end up being friends for life.

Have you ever checked in on past clients years later and met the neighbors or school friends, or met the son or daughters best friend from next door?  These are people that may be in our clients lives forever…and it was partially due to a decision we helped them make.  Yes we sell houses, but it is so much more than that.  Every client we have deserves to be treated with this understanding and not only will it likely help your business, it makes real estate and selling homes one of the more rewarding jobs imaginable in my eyes.

Keith Kyle is a residential real estate specialist with South Bay Brokers in Manhattan Beach, CA

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