Wednesday, April 29, 2015

Beach Cities Luxury Home Report--1st Quarter 2015

The Queens necklace view in Palos Verdes

 The South Bay of Los Angeles is home to Manhattan Beach, Hermosa Beach and Redondo Beach, collectively known as the Beach Cities.

 If you're following Pacific Coast Highway down the California coast Manhattan Beach is the first city of the trio of South Bay beach towns you will encounter. Due to its close proximity to LAX and other urban amenities of Los Angeles, its location demands a hefty price since Manhattan Beach enjoys all the benefits of living in a beach town as well as the convenience of being close to airports, cultural events, world class shopping and dining. The luxury home prices in Manhattan Beach reflect their "in demand" status.

Manhattan Beach Luxury Home Sales priced over $2,000,000 during the first quarter of 2015: 25 Manhattan Beach luxury homes sold during the first three months of 2015. Top price honors go to a beach front property located on The Strand that sold over asking price for $6 million dollars. There are currently 26 Manhattan Beach luxury homes in escrow with accepted offers, and there are 34 Manhattan Beach luxury homes for sale.  

 Let's leave Manhattan Beach behind and continue south on our journey down PCH. Hermosa Beach is the next stop as it's nestled in between Manhattan Beach and Redondo Beach.

Hermosa Beach Luxury Home Sales priced over $2,000,000 during the first quarter of 2015: 12 Hermosa Beach luxury homes sold during the first three months of 2015. Top first quarter price paid for a luxury home in Hermosa Beach goes to a property located on The Strand that sold for $11,810,000. There are currently eight Hermosa Beach luxury homes in escrow with accepted offers. If you're in the market to purchase a luxury homes in Hermosa Beach there are also eight luxury residences currently for sale.   

Redondo Beach is the next beach city on our drive along the coast. Redondo Beach is the largest of the Beach Cities and is located between Hermosa Beach and the Palos Verdes Peninsula.

Redondo Beach Luxury Homes Sales priced over $2,000,000 during the first quarter of 2015: Three Redondo Beach luxury homes sold during the first quarter of 2015. The highest price paid for a Redondo Beach luxury home was $6,350,000 for a property located on the Esplanade. Six Redondo Beach luxury homes are in escrow with accepted offers, and there are currently three Redondo Beach luxury homes priced over $2M for sale.  

For more information about selling or buying a luxury homes in the Beach Cities of the South Bay of Los Angeles contact us at Charlemagne Int'l Properties 310.493.8333 or email us at ToeringandTeam@gmail.com.  

 Photo taken from a hilltop on the Palos Verdes Peninsula looking down at the coastline of the beach cities of the South Bay of Los Angeles.

Luxury Homes for Sale in the Beach Cities of Los Angeles: (Over $5,000,000)

Luxury Homes for Sale in the Beach Cities of Los Angeles: ($2M to $5M)