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Hermosa Beach Strand homes are back. The small beach city is not only gearing-up for a busy reopening summer post-COVID-19, but it looks like coveted Strand real estate has made an amazing comeback after some very ugly numbers seen in 2019 before the Coronavirus pandemic. In my last Hermosa Strand blog post back in July of 2019, I explain how the market was soft and prices were falling. It was a very tough time for Strand sellers two years ago. Today, the market has done a complete 180. For reference, this is my awfully long post titled: “Home Prices on the Hermosa Beach Strand are Getting Crushed” if you feel like freshening up on past market
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“The Avenues” in South Redondo are a special place in this highly desirable beach city. You will normally find an annual or semi-annual blog post breaking down The Avenue’s activity, especially with land opportunities and new construction. Unfortunately, the pandemic has thrown off the blog cadence, so it has been some time since my last post on The Avenue’s. For a refresher, here is my last post from February of 2020 titled “Latest Redondo Beach Home Data and Update on ‘The Avenues.’” Much like the Tree Section in Manhattan Beach, Avenue home values are largely driven by the latest spec home sale. Typically, I dissect the largest section of The Avenues, between Pacific Coast Highway and
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The South Bay real estate market continues its astounding run with low inventory and surging prices. More than ever, sleepy suburban areas that offer affordability, space, and a backyard are the perfect example of what’s been in vogue in 2020 and has continued through 2021. One of the clear South Bay pockets catching fire like never before is the Los Verdes submarket in Rancho Palos Verdes. Before the pandemic, most South Bay residents (including some Palos Verdes residents) could not tell you where the Los Verdes housing submarket was located…and spoiler alert, Los Verdes Golf Course is NOT located in MLS area 173, aka “Los Verdes.” When educating clients on homes in Los Verdes pre-2020, instantly
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As you know, the first quarter of 2021 concluded this past Wednesday. And, although agents may not have entered in 100% of all of their closings, we have enough data to bring this out to print to get you the latest information on the South Bay real estate market’s strong start to the new year. As mentioned in past monthly and quarterly updates, the numbers are going to get choppy as the pandemic throws off seasonal trends. Please keep in mind, this quarter (Q1 of 2021) and next quarter (Q2 of 2021) are going to have “easy comps” as our local markets really pulled back in March and April of 2020 as the Coronavirus pandemic ravaged
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