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.

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.