The time between Christmas and the New Year is always traditionally slow for real estate, and the South Bay Beach Cities are no exception. We cover a large area and it is shocking how slow it can get during this time, although for good reason. Manhattan Beach, Hermosa Beach, Redondo Beach, and Palos Verdes combined has yielded less new listings than you can count on your fingers and toes this past week. Close to 10-20 new listings might seem like a lot, but when you take into account that these cities combined have closed 2,300 sales in 2015 alone, along with 500+ currently listed or pending homes, it is definitely not the new inventory needed to keep up these numbers. Rather
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Month: December 2015
An interesting area of Hermosa Beach that many overlook, is a small section of the Hermosa Valley between Ardmore and Pacific Coast Highway. There lies a few condominium complexes on 1600 Ardmore, 1720 Ardmore, and 1707 Pacific Coast Highway (aka The Hermosa Surf Condos) that offer very affordable home ownership in Hermosa Beach terms. The main draw to these condos is you can actually own Hermosa Beach real estate at a ridiculously low price relative to almost everything in the area. However, there are some downsides: these condos are located on busy streets, surrounded by commercial property, and they are in massive complexes with small units. Basically… they feel like apartments. Because of these downsides, these condos sell at a
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The South Bay beach cities have been on a tear over the past few years, and there are few cities that have been more white-hot than Manhattan Beach. After seeing end of the year activity, we noticed some similarities between east Manhattan Beach and the south Redondo Avenues. Could they possibly carry the same value? We decided to take a look at new construction in both areas and pose the question: Are The Avenues on par with value of east Manhattan Beach? The answer, in short, is not quite…but it is closer than you think. Now before we jump into it, let’s clarify that both areas are completely different in terms of buyer desirability when it comes to location, school
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The 4th quarter of 2015 has brought on strong sales in the Manhattan Beach sand section town home market. Gone are the days of yesteryear (2013) when you could grab a $900 per square foot town home in the sand. Today you can expect to pay $1,100 to $1,500 per square foot, easily. This past summer, a spec town home development caught our eye at 315 Marine Avenue and 316 Marine Place selling for $3,520,000 and $3,499,00 respectively. For their relatively humble size of three bedrooms and in the low 2,000 square foot range, these town homes made game changing sales pushing the $1,700 price per square foot range. The new construction paired with the better than average views, moved
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