Homes in Manhattan Beach CA are highly desirable and even by Los Angeles standards Manhattan Beach Real Estate is some of the priciest in CA and the US. You can expect to pay at least $1,000,000 for a "starter", knockdown or fixer. At the upper end I don;t want to say the sky is the limit but many properties west of Sepulveda will be in the multiple million dollar range. The MLS listings of the mao are always updated in real time. Scroll over the icons for price and availability. If you are not familiar with the various Manhattan Beach CA neighborhoods, here's a quick guide to the areas "West of Sepulveda" The Manhattan Beach Sand Section is West of Valley Ardmore to the ocean. The most expensive homes are found on The Strand with Walk Street properties also selling for very high prices in many instances. What's a "Walk... Read more →
November 15, 2014
July 03, 2014
History of South Redondo Beach Waterfront
The development of the watefront in South Redondo Beach has been in the new quite a bit lately. Here's a timeline of where we've been courtesy of the Easy Reader. Maybe it will help us figure out where we're going! Learn more about South Redondo Beach Real Estate at www.90277realestate.com. 1889: The first wharf of the Pier was built where the pier stands now at Emerald Street. It was built to facilitate the massive lumber trade, to move lumber from ships to trains to transport it to the Pacific Northwest. 1890: Hotel Redondo built. 1895: A second wharf was built next to the train tracks to meet the demands of lumber ships coming into the port. It would be damaged by a storm in 1919 and condemned in 1925. 1903: A third pier was added. It was later demolished when the lumber industry petered out. 1905: Redondo Beach High School... Read more →
March 06, 2014
Berkshire Hathaway Real Estate: Did Warren Buffet get a Real Estate Licenese?
No, my fellow Realtors, you will not be competing against Warren Buffet for your next listing. At least not directly anyway! What you will be competing against is Warren Buffet's franchise brand which has now started to expand to LA Westside. I suspect we'll soon see their signs in the South Bay as well. Berkshore Hathaway HomeServices operates the Prudential Brand which apparently is destined to disappear as a condition of its sale to Brookfield. in 2011. We'll probably still see the Prudential name for a while longer but it will be gone. So it is any wodner that Buffet stated a few years ago that everyone should buy a single family home? Not to me. Let's give him an honorary licence! Warren Buffett’s real estate franchise brand, Berkshire Hathaway HomeServices, has grown to a network of 26,000 agents and 700 offices in 33 states with the affiliation of 22... Read more →
February 18, 2014
Homes for Sale in Redondo Beach CA
MARKET HEADED TOWARD MORE BALANCE If it seems to you like there weren't very many new listings in North Redondo Beach this week and the market is slowing down for new listings from the blistering pace of last year, you are absolutely correct. Over the last month or so, I've been writing about how the inventory of new construction homes for sale in 90278 has been distorting the market as to available inventory and now we are seeing how the market looks without that artificial support. There have only been 4 new listings the week of February 10th and 2 of those went into escrow virtually immediately: 1608 Herrin in the Golden Hills and 2706 Carnegie Lane Unit C. That leaves only 2502 Vanderbilt Lane and 1719 Goodman Ave as the only new listings. Its kind of a curious coincidence that all the activity was in the east end of... Read more →
February 10, 2014
How is the Hermosa Beach Housing Market?
Hermosa Beach Real Estate prices and market activity moves at its own pace that is not always in lock step with Manhattan Beach or Redondo Beach. If you are thinking of buying or selling a home in 90254, you'll need to take a long, hard look at the data before you make a move. What you find may sometimes surprise you. During calendar year 2013, 233 homes sold in Hermosa Beach. Here's a further breakdown of the numbers: Sand Section 95 Sales Hermosa Valley 58 Sales East Hermosa 80 Sales Single Family Homes 124 Sales Townhomes 69 Sales Condos 40 Sales Average Selling Price $1.327M As the following chart shows, inventory, sales, and properties put into escrow really tapered off towards the end of last year. I like to track the red line, waht has been "pended" or gone into escrow, against available inventory and sales. While we have certainly... Read more →
February 07, 2014
Are you selling a home in North Redondo Beach This Year?
If you are a Redondo Beach homeowner you most likely know that property values have gone up significantly over the past 12-15 months. In some cases 20% or more. Over the last year or so, I have sold most every variation of Redondo Beach Residential Housing: Attached 3 on a lot Townhouses, 2 on a lot Townhouses, Single Family Homes, Tall and Skinny SFRs, R2 lot Teardowns, units in larger condo complexes, etc. I have a pretty good feel for what buyers are looking for, what they will pay, recent comps and what properties will sell for. While every home is unique, here's a quick pricing guide. Call me for a confidential valuation of your home. If you have a 3 bedroom standard floorplan 3 on a lot townhouse, unless the condition or location is terrible, you will most likely sell for over $650K. The $500-600K market is now mostly... Read more →
February 04, 2014
Top 5 Most Frequently Asked Home Buying Questions
These are the 5 most frequently asked Real Estate questions I get from my buyer clients. Or if not these questions exactly, a pretty close variation. Why are they selling? Will the seller take less? Can I lose my deposit? What if my loan isn't approved? When can I get the keys? Here's what I'll most likely answer you. WHY ARE THEY SELLING? While there are many things Sellers have to disclose, why they are selling is not one of them (in most instances). Sometimes we have an indication based on the type of sale: foreclosure, short sale, probate or trust sale, relocation, new construction, etc. Other very common reasons might be downsizing, divorce, illness, or other changes in the seller's personal or financial circumstamces such as the birth of a new child (need a larger home) or an increase in their income affording them the opportunity to buy a... Read more →
January 25, 2014
Redondo Beach Homes for Sale 90277
There have only been a few new listings this week in South Redondo Beach CA 90277. Inventory remains light with only 50 homes offered for sale by Brokers. North Redondo Beach has about the same number of homes available for sale. Manhattan Beach and Hermosa Beach are also experiencing light inventory with 30 homes for sale in Manhattan and 26 in Hermosa Beach. Here's what's new in the MLS: 321 Via San Sebastion Redondo Beach 90277 is located in the highly desirable "Hollywood Rviera" area. "This beautifully updated, single level home with Ocean Views from most rooms. You'll find Bamboo and Maple hardwood flooring throughout with tile entry and baths. There are 4 zones for easy control of heating/cooling and leased "Solar City" electric panels for energy savings. Now feast your eyes on the all new Chef’s dream kitchen! Enjoy the Wolf 6 burner range, dual Wolf microwaves, Sub-Zero Refrigerator,... Read more →
December 16, 2013
Redondo Beach Real Estate Agent Ellis Posner Outsells the Competition!
Based on data through the date of the blog post, my 9 Redondo Beach transactions puts me on equal footing with such Real Estate Brokerages as E Real Estate Corp, Real Estate West, and Scott Anastasi Realty all of whom reported 9 sales each. It puts me just behind Palm Realty Boutique, Home Team Realty, and CB M/C each of which had 11 sales. Redfin also reported 11 sales under 2 separate sales IDs which is pretty astonishing to me considering that everyone and their brother is walking around with the Redfin mobile app. What can I say other than they have great technology but what must be a very poorly implemented field plan. Now if I could only have every buyer in town walking around with my mobile app... With 2 weeks to go this year, the final numbers may be subject to change. Related articles 5 Star Zillow... Read more →
December 09, 2013
Buying or Selling Real Estate Winter 2014
Are you thinking of Buying or Selling Real Estate this winter? Is it better to wait or be in the market now. As with many things related to housing, "it depends". Traditionally, sales slow after Thanksgiving and start to pick up again after the Super Bowl and gain full momentum when March Madness is over. Historically, a ton of activity is logged during the Spring and Summer with the market starting to slow again as we go into the Fall months. Or, as I heard one agent say, the weather cools and so do sales. Let's throw all the above out the window and look at what we might see over the next 6 months and please take this with some degree of skepticism because I do not have a crystal ball. During 2013 we saw sharply rising prices due to extraordinarily low interest rates and severely depressed inventory in... Read more →