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After taking a look at some recent December closings, there were two interesting and unique land sales in the 400-block of the North Manhattan Beach Sand Section. The area I will be discussing, is contained between 26th Street to the south, 36th Street to the north, Vista Drive to the west and Grandview Avenue (or a dead end into the Sand Dune) to the east. I have written about this area before, but it has been a minute. I enjoy taking a look at this market because lots are roughly 2,700 square feet and the size of homes built tends to be very comparable when maxing out the lot. The North Manhattan 400-block is an easy
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Back in May, I wrote a blog post titled: “Big Hermosa Homes with Big Views are Making Record Highs.” Just as the title states, the blog covered big homes with big views making record highs in elevated parts of MLS areas 148, Hermosa Sand Section and MLS area 149, Hermosa Valley. Now, just half a year later, we see those ripple effects having positive price impacts on surrounding real estate. And surprisingly, much of the deals are happening right now between November and New Year’s which further demonstrates the strength of this sub-market. The Tennyson Ripple The May blog discussed the highest sale of all time in Hermosa Beach. 2906 Tennyson Place 5 bed, 8 bath,
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Black Friday to Cyber Monday is a wonderful time to score some great gifts at a nice discount in preparation for holiday gift giving. At the same time, the holidays are also a fabulous time for buyers to land an incredible real estate deal at a discount. If you have been following the blog for years or have been a client, you know I believe Thanksgiving Day to New Year’s Day is the Black Friday to Cyber Monday period for great residential real estate deals, so make sure to take advantage of it! Steps to Score a Great Deal Right Now The real estate market changes each and every year, so your strategy needs to change
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It’s that time of year again. Semi-annually, I like to check in on the performance of North Redondo Beach new construction town homes. As always, we will focus on MLS areas 151 (Villas North) and 152 (Villas South). For this post, I will be covering both two-on-a-lot and three-on-a-lot happenings as there has been a lot of action. Additionally, I will try to keep the structure and comments the same as my blog post six months ago titled, “North Redondo Beach New Construction Update,” so you can see how things have changed. Three-on-a-Lots Six months ago, you may remember that developers started to go bigger and bolder with three-on-a-lot developments to drive their profits higher. The
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The Palos Verdes Peninsula luxury real estate market typically moves slower when compared to the Beach Cities these days. Farther removed from major economic centers like Downtown L.A., Santa Monica, the Miracle Mile, and Silicon Beach, the pool of wealthy buyers is smaller in Palos Verdes than areas like Manhattan Beach, Beverly Hills, or Brentwood, to name a few. That said, the past couple years for luxury sales has slowed for Sellers on the Palos Verdes Hill. In “boom” years like 2014 and 2015, the Palos Verdes Peninsula had home sales of $6 million or above much more frequently, with 12 sales and 13 sales respectively. Most notable was in 2015 when those 13 sales of
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In 2017, I wrote a blog post called “A Can’t Miss South Bay Investment,” which addressed the new California ADU (Accessory Dwelling Units) bills signed into law by Governor Jerry Brown. This was the first step in allowing for “granny flats” or “in-law units” to be built on owner-occupied single-family property, which was otherwise expensive or nearly impossible to get done in the past. For me, this was a “can’t miss” opportunity for homeowners in the South Bay to cash in on rental income by converting a garage or constructing a rental unit in their backyard. My optimism was soon quashed, however, as cities throughout the state could take the state law and amend certain aspects
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The Palos Verdes Peninsula is known for its single-family homes and suburban location. Prices here in many cases can be more affordable than the beach cities, but it is still not cheap! If you are looking to make a move to Palos Verdes but do not need the larger single-family home just yet, the condo listings throughout The Hill present HUGE value relative to single-family home prices in the area. There are condo options at a fraction of the cost to homes on the Hill and these can be a great starter option for buyers on a budget looking for a lot of bang for their buck. Rolling Hills Estates Condos Rolling Hills Estates has the
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The Manhattan Beach Sand Section has been the poster child of the incredible price appreciation in Southern California real estate since the Great Recession. New construction and spec building have been one of the main drivers in the Sand Section’s price growth and the new builds just keep on coming. Just about four years ago it seemed that anything brand new received multiple offers no matter how crazy the price. Today, that has changed a bit. Manhattan Beach buyers still crave new construction, but are now demanding more reasonable pricing in-line with comparable sales. As a result of this change, some spec offerings have been forced to cut prices and have been racking up months, if
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I get comments on my blog posts all the time. The strange world of social media and the internet seem to find a way to bring us together, good and bad. I am constantly surprised everyday on how my posts can inspire the best and the worst out of people. All I can do is be thankful people are reading and try to respond as professionally as possible. As the blog has matured, I am happy to report that the comments and responses have gotten more and more positive. Just over the past two weeks is a sampling of readers that made my day: Email: “Really good article. Well thought out, well communicated, excellent and balanced
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The South Bay is unquestionably huge. Depending on how you calculate the boundaries of the South Bay, it is over 100 square miles with a population of over one million people. How do I determine a South Bay city or neighborhood? If the Daily Breeze covers it, then that is enough to be included in the South Bay. Many of you know the focus of the blog is normally Palos Verdes, Redondo Beach, Hermosa Beach, and Manhattan Beach. For some readers, the blog’s market coverage is too narrow, and for others, it is too wide. For me as a writer and real estate broker, focusing on these four cities is what I can handle without stretching
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