South Bay Open Houses

Manhattan Beach

26 E Malaga Place – 3bed/2.5bth/2045sqft/$1,450,000 – Sat 1-4PM

Redondo Beach

121 Via Los Miradores – 4bed/2.5bth/2259sqft/$1,349,000 – Sat 1-4PM

1721 Haynes – 3bed/2.5bth/1917sqft/$799,999 – Sat & Sun 2-4PM

2515 Grant #2 – 3bed/2bth/1410sqft/$575,000 – Sun 1-4PM

Torrance

24001 Neece Avenue #2 – 3bed/2.5bth/1539sqft/$564,900 – Sat 12-3PM

Palos Verdes Estates

609 Palos Verdes Drive West – 3bed/2.5bth/2422sqft/$2,399,999 – Sat 1-4PM

Rancho Palos Verdes

3221 Dianora – 4bed/2bth/2011sqft/$1,080,000 – Sun 1-4PM

South Bay Weekend Open Houses

As is standard for this time of year, very few new listings are popping up.  When you are ready for a break from mall parking lots and the lines at Starbucks, here are some of the homes that will be open this weekend in South Bay Los Angeles. 

19321 Anza, Torrance – 3bd/2bth/1360sqft/$779,000 – Sat & Sun 1-4PM

4419 Highland, Manhattan Beach – 4bd/3bth/1973sqft/$1,449,000 – Sat 1-4PM

1760 6th, Manhattan Beach – 5bd/4.5bth/3434sqft/$2,074,800 – Sat 1-4PM

1417 Elm, Manhattan Beach – 5bd/4.5bth/3009sqft/$2,175,000 – Sun 1-4PM

932 17th, Hermosa Beach – 3bd/3bth/2311sqft/$1,299,000 – Sat & Sun 1-4PM

2516 Gates #A, Redondo Beach - 3bd/2.5bth/1818sqft/$772,500 – Sat 1-4PM

431 Calle De Castellana, Redondo Beach – 4bd/2.5bth/2292sqft/$1,269,000 – Sun 1:30-4PM

1340 Palos Verdes Drive West, RPV - 4bd/3bth/2326sqft/$1,775,000 – Sun 1-4PM

3207 S Denison, San Pedro – 2bd/1bth/788sqft/$423,500 – Sat 1-4PM

Palos Verdes Price Reductions

It is common for home sellers decide to take their homes off the market during the winter holiday months.  The hustle of shopping, making travel plans and expecting visitors can all make sellers long for a break from preparing from weekend open houses and showing appointments.  Those that stay on the market tend to be more dedicated to finding a buyer quickly.

Here are some of the price changes for the PV homes on the market at the end of November:

700 Mexico Place, PVE – 5bd/3.5bth/3318sqft/$3,750,000 to $3,575,000

3604 W Estates Lane #108, RHE – 1bd/1bth/659sqft/$280,000 to $269,000

22 Chuckwagon, RH – 3bd/2.5bth/2403sqft/$2,385,000 to $2,175,000

30339 Kingsridge, RPV – 3bd/2.5bth/2076sqft/$1,139,000 to $1,099,000

5987 Peacock Ridge #107 – 2bd/2bth/1300sqft/$688,000 to $588,000

South Bay Weekend Open Houses

Torrance

4808 Pacific Coast Hwy – 3bd/2.5bth/1629sqft/$700,000 - Saturday 1-4PM

Redondo Beach

2414 Hill Ln – 4bd/4bth/3600sqft/$1,389,500 – Saturday 1-5PM

Manhattan Beach

2801 Alma Avenue – 3bd/3.5bth/2000sqft/$2,149,000 – Saturday 2-4PM

1144 Elm – 5bd/4.5bth/3291sqft/$1,995,000 – Saturday 1-4PM

1747 2nd Street - 3bd/2bth/1442sqft/$1,299,999 – Sunday 1-4PM

Palos Verdes Peninsula

4324 Cartesian Circle – 5bd/4bth/3384sqft/$1,849,000 – Sunday 1-5PM

Rancho Palos Verdes

6128 Arrowroot – 3bd/2bth/2240sqft/$1,415,000 – Saturday 1-4PM

6508 Sandy Point Court – 3bd/3bth/2447sqft/$1,279,000 – Sunday 1-4PM

How are Redondo Beach sellers at pricing?

South Bay Beach Cities Housing Bubble did another one of their great number crunching blogs on the latest Redondo Beach sales data.  Besides indicating that the number of days a property is taking to sell is heading up, they also did a graph of the percent reduction from original asking price that sellers had made to obtain a sale.

“So for this data, there are 4 properties (out of 35) that sold with no reduction in price or a price increase from the original asking price. For the remaining 31 properties in this dataset, there was some price reduction. The median reduction was 5.2% and the average was 6.7%. These numbers have edged up, at least for October.”

Palos Verdes Price Reductions

1608 Via Barcelona, PVE - 4bd/3.5bth/4360sqft/$2,885,000 to $2,795,000

4125 Via Solano, PVE – 3bd/2bth/1884sqft/$1,199,000 to $1,100,475

3425 Via Palomino, PVE – 3bd/3bth/3025sqft/$2,450,000 to $2,395,000

4324 Cartesian Circle, PVP – 5bd/4bth/3384sqft/$1,899,000 to $1,849,000

9 Via Del Cielo, RPV – 5bd/5.5bth/8339sqft/$6,750,000 to $6,190,000

36 Oceanaire Drive, RPV – 4bd/2.5bth/2964sqft/$1,650,000 to $1,595,000

South Bay Weekend Open Houses

Long Beach

374 Carroll Park East #8 – 2bd/2bth/1598sqft/$549,000 – Sat & Sun 1-4PM

169 Glendora AVE – 2bd/1bth/862sqft/$779,000 – Sun 1-4PM

Torrance

4303 W 177th Street – 3bd/1.5bth/1974sqft/$649,000 – Sat 1-4PM

Manhattan Beach

1604 Ocean Drive – 3bd/3bth/1745sqft/$2,490,000 – Sat 2-4PM

28 San Miguel Ct – 2bd/2.5bth/1557sqft/$995,000 – Sun 1-4PM

Redondo Beach

259 Calle De Andalucia – 3bd/3bth/1812sqft/$1,194,444 – Sat 1-4PM

2608 184th – 3bd/2bth/1194sqft/$729,000 – Sat 1-4PM

720 MEYER LANE #204 – 2bd/2bth/941sqft/$485,000 – Sun 1-4PM

Hermosa Beach

704 1st Place – 3bd/2.5bth/2325sqft/$1,179,000 – Sat 12-2PM

1025 4TH STREET – 3bd/2.5bth/1879sqft/$989,000 – Sat & Sun 1-4PM

Rancho Palos Verdes

6128 Arrowroot – 3bd/2bth/2240sqft/$1,415,000 – Sat 1-4PM

29600 Island View Drive #302 – 2bd/2bth/1396sqft/$585,000 – Sun 1-4PM

5539 Bayridge – 3bd/2bth/1292sqft/$907,500 – Sun 1-4PM

San Pedro

1223 Big Canyon – 3bd/2bth/1368sqft/$639,000 – Sat 1-4PM

809 Millmark Grove St – 3bd/2bth/1180sqft/$550,000 – Sun 2-4PM

South Bay Market Snapshot

To get an overview of the local markets, I decided to compare the number of available properties on the market to the number of properties in escrow for each area.  This data includes single family homes/town homes/condos and the ratios indicate how strong the housing market is.

Overall the results each indicated a buyer’s market, but there was some variance in strength.  Manhattan Beach led the South Bay with the highest number of pending sales compared to what is for sale.  Torrance, Redondo and Palos Verdes all roughly tied for second place.  Hermosa Beach dropped back a bit from the pack and San Pedro placed last for the cities I included.

Palos Verdes – Bang For Your Buck

32735 Seagate Dr Bldg. #4 #301 A – 2bd/2bth/1736sqft/$599,000 – $345/sqft

29641 South Western AVE #204 – 2bd/1.75bth/1207sqft/$419,500 – $348/sqft

5718 Ravenspur DR #307 – 2bd/2bth/1348sqft/$479,900 – $356/sqft

28530 Vista Madera – 3bd/3bth/1441sqft/$515,000 – $357/sqft

29602 Bernice Drive – 3bd/2.5bth/2713sqft/$975,000 – $359/sqft

81 Cottonwood – 3bd/2.5bth/1994sqft/$789,000 – $396/sqft

4321 Via Frascati – 5bd/3.5bth/3556sqft/$1,499,000 – $422/sqft

28150 Palos Verdes Dr E – 4bd/2bth/2451sqft/$1,048,000 – $428/sqft

San Pedro Loft Life

The Daily Breeze ran an article interviewing some of the newer residents of the downtown San Pedro lofts.  The residents were very candid on what they liked about downtown life and what areas they would like to see improvement in.  Being able to walk to local nightlife had high marks, while they also wanted to see more of a community atmosphere.

Some available downtown units:

255 West 5th ST #909 – 2bd/2bth/1283sqft – $634,067

285 W 6TH ST #409 – 2bd/2bth – $552,800

390 W 8TH ST #105B – 1bd/2bth/1617sqft – $538,600