Redondo Beach Luxury Listings and Sales--October 2015

The "feel" on the street by those of us working in the real estate field on a daily basis is the market is slowing down and losing a bit of steam after three strong comeback years. The results of my research on recent activity in the Redondo Beach, CA luxury home market supports and converts the feeling into fact.

• There are currently three Redondo Beach luxury homes priced at or over $3,000,000 for sale. 
• There are no Redondo Beach high-end luxury homes currently in escrow and no closed sales in the over $3M price range for the month of September.

 

After three plus years of a strong sellers' market the scale is making a slow move toward neutral territory. It's still not a buyers' market, but with more homes to choose from and a slowing of price increases, buyers may find the opportunity to purchase a luxury home in the beach cities of Manhattan, Hermosa and Redondo or on the Palos Verdes Peninsula before interest rates begin their upward trend.

   

 Norma Toering, Broker at Charlemagne Intl Properties
Josh Toering, Agent at Charlemagne Intl Properties
310-493-8333 - Contact Us

Redondo Beach Luxury Homes for Sale

Hermosa Beach Luxury Homes - Oct 2015 - Toering

Three Hermosa Beach luxury properties priced at or above $3,000,000 sold during September 2015. The most expensive sale for the month was a Strand property sold for "lot value" at $8,100,000. Yes, a spot on the sand along The Strand is costly.

There are currently four Hermosa Beach luxury residences in escrow with accepted offers. Three of the properties are single family homes, one is a townhouse.

There are 13 luxury homes for sale in Hermosa Beach as of Oct. 17, 2015. One of the properties for sale is a townhouse, one is a condo, the rest are single family homes.

   

Sales in the Beach Cities luxury home market appear to have slowed in recent months. At the current rate of absorption there is over a three month supply of luxury inventory in Hermosa Beach. These numbers still favor sellers, but there are more choices available to buyers, and more competition for sellers, as the market moves toward a more neutral zone. 

Norma & Josh Toering - Charlemagne Intl Properties
310-493-8333 Contact us 

Luxury Homes for Sale in Hermosa Beach:

Manhattan Beach Luxury Listings and Sales--October 2015

Here's an update on luxury homes priced at or above $3,000,000 in Manhattan Beach, CA.  

• 3 Manhattan Beach luxury homes sold during September 2015. All three were single family detached homes. 
• 8 Manhattan Beach luxury homes are in escrow with accepted offers. 
• 43 Manhattan Beach luxury homes are currently for sale. 

 The luxury market in Manhattan Beach has cooled in recent months. A quick glance at the available inventory and absorption rate reveal a five month supply of homes. This moves the luxury home market in Manhattan Beach into neutral territory after several years of being firmly entrenched in a sellers' market. The could be the buying signal prospective buyers want.

 

The Yellow Dot Market Snapshot is for all price ranges in each area. There are markets within markets, and when we breakout the luxury market in Manhattan Beach the numbers fall in the neutral zone. For help in finding the right luxury home for you in Manhattan Beach contact Norma Toering 310.493.8333 or Josh Toering 310.525.9440. We track the market so you don't have to.

   

  

Luxury Manhattan Beach homes for sale:

Redondo Beach Luxury Homes - Sept 2015

I recently read the California housing market slowed during the month of August 2015. The reason was attributed to the volatility of the stock market and other global happenings. On a more local level I've always attributed the "August decline" to vacations, back-to-school preparations and the last few weeks of the lazy days of summer. Who really wants to traipse through houses during the hottest days of the year? Personal reasons play an important role in when people decide to sell or purchase real estate.

Let's check how Redondo Beach luxury residences ($3,000,000+) survived August 2015:

1 Redondo Beach luxury property close escrow during the month of August.

0 Redondo Beach luxury homes are currently in escrow--looks like September will be a slow month for luxury sales in Redondo as well.

3 Redondo Beach luxury home listings are currently for sale.

We'd be honored to be your agent when time to sell your Redondo Beach luxury home.

Redondo Beach Luxury Homes for Sale:

 

For more information on selling or buy luxury homes in Redondo Beach contact Norma@Charlemagneproperties.com or give us a call at 310.493.8333

Hermosa Beach Luxury Listings and Sales--September 2015

Hermosa Beach is often referred to as the quintessential California beach town. Located between Redondo Beach and Manhattan Beach, its location and size ensures its coastal flavor will remain small in area, but carry a large beach lifestyle impact.

The luxury home market in Hermosa Beach continues to expand. Little beach shacks may be giving way to more luxurious residences but it's the same beach, the same ocean, the same weather and the easy-going life is good atmosphere that keeps Hermosa Beach near to top of the list for those wanting to experience life at the beach.

Hermosa Beach luxury home listings ( $3,000,000+) and sales for August 2015:

4 Hermosa Beach luxury residences sales were recorded per MLS statistics.

6 Hermosa Beach luxury properties are pending sales (in escrow with accepted offers).

10 Luxury listings in Hermosa Beach are currently for sale.

Luxury Homes for Sale in Hermosa Beach:

Whether you're selling, searching for a beach retreat or a primary residence near the beach, Charlemagne Int'l Properties would be delighted to help.

- Norma & Josh Toering
Charlemagne Intl Properties
310-493-8333
ToeringandTeam.com

Manhattan Beach Luxury Listings and Sales--September 2015

The California Association of Realtors reported home sales declined during August 2015. Let's see if those statistics hold true for the luxury home market (homes priced $3,000,000+) in Manhattan Beach, CA.

If you're considering selling your Manhattan Beach luxury home this information will be of value. On the other hand, if you're contemplating purchasing a luxury residence in Manhattan Beach the information will strengthen your negotiating position. This is information is a must have for every savvy seller and buyer.

Manhattan Beach luxury residences sold during August 2015:

9 Manhattan Beach luxury residences sold last month. Eight of the homes were single family and one was a townhouse.

11 Manhattan Beach luxury properties are currently in escrow with accepted offers.

34 Manhattan Beach luxury homes are currently for sale--32 single family homes and two townhouses.

Luxury Manhattan Beach homes for sale:

For more information on selling or buying a luxury home in Manhattan Beach contact Charlemagne Int'l Properties at 310.493.8333 or email us at ToeringandTeam@gmail.com. We offer a free one-hour consultation and give you tips on selling your property for its highest and best value.