Beach Cities in the South Bay of Los Angeles Real Estate Update

I was browsing about on Zillow for a luxury home in Manhattan Beach for one of my clients. I was surprised to see Zillow is predicting a small increase in value for the area in 2017.  

On the other hand, property in the Beach Cities of the South Bay of Los Angeles has enjoyed a phenomenal surge in value since the housing market recovered from the recession years of 2008-2010. I'm happy to see the market taking a breather and not advancing toward a bubble; bubbles burst.

86 Manhattan Beach luxury homes priced at or above $3,000,000 sold during 2016.  Year-to-date in 2017  as of March 6, eleven MB luxury properties have closed escrow. The year-over-year comparison shows only a slight reduction in 2017 sales.

Hermosa Beach's smaller number of sales can be attributed to its smaller size both in land space and residents.  However, Hermosa still posted 28 luxury property sales in 2016. However, as of today, no 2017 luxury sales over $3,000,000 appear in the sold column on the MLS.

Redondo Beach is the most affordable of the South Bay beach cities, and its luxury sales lag behind those of its sister beach cities. During 2016 Redondo Beach posted seven luxury residence sales over $3,000,000. Again, Redondo Beach is showing no residential sales in the $3,000,000 and up price range for 2017.

Luxury Homes (single family, townhouses, and condos priced at or over $3,000,000) currently for sale in each of the Beach Cities of the South Bay of Los Angeles:

Manhattan Beach:  52

Hermosa Beach:  11

Redondo Beach:  2

Beach Cities Luxury Homes currently in escrow with an accepted offer:

Manhattan Beach:  16

Hermosa Beach:  10

Redondo Beach:  0

Norma Toering, Broker/Owner of Charlemagne Int'l Properties.  310.493.8333 or Norma@CharlemagneProperties.com

Redondo Beach Townhomes for Sale

View from the patio of a new construction townhome in Redondo.

The beach, the sunny Southern California weather, and the laid back lifestyle have made Redondo one of the most popular cities in the South Bay. In recent years Redondo home prices have started to climb rapidly as buyers from the other beach cities, Hermosa & Manhattan Beach, have looked for other options.

 Redondo has also been more friendly to increased housing density, so many older 1920's to 1950's homes have been replaced with 2-3 townhome build-outs on the same lot in the 1990's through 2010's. These mini developments offer spacious multi-level living, attached garages & usually an outdoor patio on the upper level.

   

Thinking about buying a townhome in Redondo? Give us a call! We'd be delighted to help with your home search.

   

Josh Toering, REALTOR Charlemagne Intl Properties
310-525-9440 or email us

Hollywood Riviera Homes For Sale

A gated estate in Hollywood Riviera.

The Hollywood Riviera neighborhood is adjacent to the Palos Verdes Peninsula and is blessed with incredible ocean views (and breezes) due to its similar hilly topography. It is no wonder there are always buyers who want to purchase a home in the Hollywood Riviera due to its proximity to Torrance Beach. For some buyers, Palos Verdes is too isolated not to mention too pricey!

 Hollywood Riviera is primarily single family homes, but there are a few condo complexes as well. Yesterday, Josh and I previewed homes in the Hollywood Riviera as one of the properties was across the street from a house we sold to a client several years ago, and we want to update them on the value of their home.

 Another property was a home over 3,000 sq. ft with an ocean view that meets the criteria of another client. A home of that size with an ocean view is hard to find on the Palos Verdes Peninsula and still stay within our client's budget.

 

Torrance Beach is just down the street from Hollywood Riviera neighborhood.

There are bluff front mansions in Hollywood Riviera with panoramic views of the Pacific Ocean and those estates sell for millions of dollars. However, it's still possible to find a coastal home in the neighborhood around $1,000,000 if you're willing to make some upgrades to the property.

 

If you're searching for a new home close to the ocean, excellent dining options, and a neighborhood with an abundance of breathtaking views, the Hollywood Riviera may be just the place for you.

 

Norma Toering Broker/Owner Charlemagne International Properties 310.493.8333
 Josh Toering, Realtor at Charlemagne International Properties 310.525.9440  

Beach Cities Luxury Homes – June 2016

Here is the Charlemagne Intl Properties update on the luxury home market in the Beach Cities of Los Angeles.

Manhattan Beach:

• There are 50 homes for sale listed over $3,000,000 in Manhattan Beach
• There are 9 homes in escrow over $3M
• 14 Homes sold over $3M in May 2016. The highest priced sale was $9.2M for a newer home on 2nd Street.

Hermosa Beach:

• There are 12 homes for sale listed over $3,000,000 in Hermosa Beach
• There are 4 homes in escrow over $3M
• 2 Homes sold over $3M in May 2016. The highest priced sale was $3.7M for a luxury home on Monterey Blvd.

Redondo Beach:

• There is 1 home for sale listed over $3,000,000 in Redondo
• There are 1 home in escrow over $3M
• No homes sold over $3M in Redondo for the month of May.

Looking for homes for rent in Redondo Beach CA?

Hermosa Beach Luxury Home Listings and Sales Update--April 2016

There are currently 16 Hermosa Beach residences, priced at or above $3,000,000, listed for sale. A property located on The Strand for $22, 900,000 snags the most expensive price tag.

Four Hermosa Beach luxury homes are currently in escrow with accepted offers.

Year-to-date four luxury properties in Hermosa Beach sold at or above the $3,000,000 price point.

Based on the current rate of absorption, the coastal beach town has approximately a four month supply of homes for sale.

Luxury Homes for Sale in Hermosa Beach


For more information on selling or buying a Hermosa Beach luxury home contact Charlemagne Int'l Properties at Norma@CharlemagneProperties.com

Redondo Beach Luxury Home Report--April 2016

Redondo Beach luxury properties trail behind those of its sister beach cities of Hermosa and Manhattan in both quantity and price, but Redondo luxury properties offer good value when compared to similar sales in the neighboring beach towns.

The first quarter of 2016 shows one Redondo Beach luxury home sale priced at or above $3,000,000.

Redondo Beach has seven luxury properties, both condos and single family homes, for sale.

One Redondo Beach luxury condo is currently in escrow with an accepted offer.

We'd be honored to be your agent when time to sell your South Bay luxury home.

Redondo Beach Luxury Homes for Sale

For more information on selling or buying Redondo Beach luxury properties contact Charlemagne Int'l Properties at Norma@CharlemagneProperties.com or 310.493.8333.



A few words from our past and present clients:

"We hired Norma when we bought our home 4 years ago and it was a wonderland experience. We stumbled on to her Palos Verdes Home blog website by chance when we were researching on buying a home in PV. We thought she was very knowledgeable and decided to set an appointment to meet with her. My wife and I were first time home buyers and Norma patiently educated us and walked us through all the options on what and where to look. Norm and her team gave us very knowledge feedback on our concern and also helped us through some troubling time when we had problems getting approval for a home loan. Finally she found us a wonderful home. It was initially outside of our price range but she negotiated hard for us and we got it! We would work with Norma again when we buy our next home." - Unsolicited Zillow Review from past client:

How likely are you to recommend Norma Toering? highly likely

Rate Norma Toering on specific characteristics

Local knowledge:

Process expertise:

Responsiveness:

Negotiation skills:

Seller of several properties upon seeing a 5-Star review from another client:

"I will give you a 10-star review! Where do I review?" - A long term client who we helped with 8 real estate deals!

Beach Cities Luxury Real Estate Report--Manhattan Beach April 2016

There's no doubt about it, Manhattan Beach has an abundant supply of luxury homes for sale priced at or above $3,000,000. Today's Multiple Listing Service reports there are 44 residences for sale in Manhattan Beach in the luxury price range. The highest priced single family home currently for sale in Manhattan Beach is listed at $26,500,000 and is located on The Strand. Inventory in the luxury category is on the increase in Manhattan Beach as well as the prices of homes in this coveted beach locale.



There are currently 15 Manhattan Beach luxury homes in escrow with accepted offers.

The first quarter of 2016 yielded 19 sales in Manhattan Beach's luxury home market. The majority of those sales were in the $3,000,000 to $6,000,000 price range.

Luxury Manhattan Beach homes for sale

For more information on selling or buying a Manhattan Beach luxury home contact Charlemagne Int'l Properties at 310.493.8333 or Norma@CharlemagneProperties.com

 

A few words from our past and present clients:

"We hired Norma when we bought our home 4 years ago and it was a wonderland experience. We stumbled on to her Palos Verdes Home blog website by chance when we were researching on buying a home in PV. We thought she was very knowledgeable and decided to set an appointment to meet with her. My wife and I were first time home buyers and Norma patiently educated us and walked us through all the options on what and where to look. Norm and her team gave us very knowledge feedback on our concern and also helped us through some troubling time when we had problems getting approval for a home loan. Finally she found us a wonderful home. It was initially outside of our price range but she negotiated hard for us and we got it! We would work with Norma again when we buy our next home." - Unsolicited Zillow Review from past client:

How likely are you to recommend Norma Toering? highly likely

Rate Norma Toering on specific characteristics

Local knowledge:

Process expertise:

Responsiveness:

Negotiation skills:

Seller of three properties upon seeing a 5-Star review from another client:

"I will give you a 10-star review! Where do I review?" - A long term client who we helped with 8 real estate deals!

“Thanks for being such a great agent on all our deals! I sure do appreciate more so that you are one heck of a professional in this field who has always had our best interest in mind.” - Carina in RPV (Wharton MBA) “Thank you both for all your hard work. We had another pleasant experience with the Toering Team. You will be highly recommended in the future.” Steve S. in RPV "What a fantastic team! I give Norma and Josh 10 out of 10 stars--best real estate experience I've ever had!" Steve K. in RPV.