Beach Cities Luxury Home Report--1st Quarter 2015

 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)

Hermosa Beach Luxury Home Market Report--March 2015

For the purpose of this real estate report on Hermosa Beach luxury homes “luxury” will be defined as residential property (single family, townhouse, condo) priced at or above $2,000,000.

The coastal community of Hermosa Beach, known as one of the beach cities in the South Bay of Los Angeles, posted two luxury single family home sales for February 2015. There are currently 10 Hermosa Beach luxury single family homes in escrow with accepted offers, and seven are for sale.

One Hermosa Beach townhouse sold in the luxury category of over $2,000,000 during February 2015.

For more information about buying or selling Hermosa Beach real estate contact ToeringandTeam@gmail.com or Charlemagne Int'l Property at 310 493 8333.

Luxury Homes for Sale in Hermosa Beach:

Redondo Beach Luxury Home Market Update--January 2015

Redondo Beach closed out the month of December 2014 with three single family luxury home sales above two million dollars.  There are currently no Redondo Beach luxury homes priced over $2,00,000 in escrow, and there are five Redondo Beach luxury homes for sale in the same price range.

For more information about Redondo Beach luxury homes contact Charlemagne Int'l Properties at ToeringandTeam@gmail.com

Redondo Beach luxury homes for sale:

 

Hermosa Beach Luxury Home Market Report--January 2015

December 2014 was a slow month for luxury homes priced over $2,000,000 in Hermosa Beach, CA.  The coastal community, known as one of the beach cities in the South Bay of Los Angeles, posted one luxury single family home sale for December.

There are currently two single family Hermosa Beach luxury homes in escrow with accepted offers.
There are 10 Hermosa Beach luxury single family homes for sale with price tags exceeding $2,000,000.

For more information on luxury homes in the beach cities of Hermosa, Manhattan and Redondo contact Charlemagne Int'l Properties at ToeringandTeam@gmail.com.

Hermosa Beach luxury homes for sale:

 

Market Indicators for Year End

The little yellow button indicating what type of housing market we currently in slipped back into strong seller territory.  Why?  Blame it on the holidays.

Buyers continued to purchase Palos Verdes, Beach Cities and South Bay homes as the holiday approached and arrived, but sellers postponed listing, and some even removed their property from the market during this busy time of year.

Those combined factors contributed to the stronger seller's market.  Let's talk about listing your property as the market currently favors sellers in nearly every price range and location throughout the greater Los Angeles area.
 
- Norma Toering, Broker Owner of Charlemagne Int'l Properties.
(310) 493-8333 or ToeringandTeam@gmail.com

Hermosa Beach Luxury Home Market Report December 2014

There's a common perception the real estate market slows down, or worse yet, comes to a grinding halt during the holiday season.  I'll admit there is a slight shift in activity as some sellers remove their home from the market, but buyer activity often intensifies.  I recently read the sale of luxury homes in California is on the increase in both number and price.

Let's see if that holds true for Hermosa Beach:

• One Hermosa Beach luxury homes priced over $2,000,000 sold during November 2014.
• Seven Hermosa Beach luxury homes in the same price range are in escrow with accepted offers.
• 15 Hermosa Beach luxury homes priced over $2,000,000 are currently for sale.

For more information on luxury homes in Hermosa Beach, CA contact Charlemagne Int'l Properties at 310 493 8333 or ToeringandTeam@gmail.com

Luxury Homes for Sale in Hermosa Beach:

Redondo Beach Luxury Home Market Report December 2014

Two Redondo Beach luxury homes priced over $2,000,000 closed escrow during the month of November 2014.  $3,500,000 topped the price list for a 6000+ sq. ft. pool home in the Knob Hill neighborhood.

One Redondo Beach luxury property is currently in escrow with an accepted offer. Six Redondo Beach luxury properties are currently for sale.

For more information about Redondo Beach luxury properties contact Charlemagne Int'l Properties at 310.493.8333 or ToeringandTeam@gmail.com

Redondo Beach Luxury Homes for Sale: