If you are in the market to purchase a luxury home in Palos Verdes or the beach cities of Manhattan, Hermosa or Redondo, the choices can be overwhelming. We recently showed a client luxury homes from Malibu to Newport Beach. Although that swathe of land covers an immense territory, the buyer’s needs were very specific as to primary concerns of style, size, age and location of the home he and family wanted. Once a property qualified in all the primary categories, we then progressed on to secondary concerns of traffic, schools, crime, air quality and value of similar homes in the area. Purchasing a luxury home in the greater Los Angeles area can be an expensive and time-consuming endeavor. It’s important to not only have the bones of the building right, but also the community amenities must support the financial investment.
After reviewing the number of luxury sales in all the communities of the South Bay luxury neighborhoods, our buyer decided to focus on the Palos Verdes Peninsula due to their preferred views and preference for estate size lots, and Manhattan Beach, home to an equally large number of luxury homes, plus plentiful shopping, dining and commute time to LAX for this frequent flyer. The day spent showing property from Malibu to Newport was well spent as the buyer was able to see what his money would buy in a variety of luxury locales. At the end of the day we were all exhausted but the choice was made to focus on Palos Verdes and Manhattan Beach luxury homes. Suddenly, a seemingly overwhelming task was whittle down to a manageable task. This was definitely a positive outcome for both buyer and agents.
Today, I am preparing a list of home to email to this particular buyer. It’s a rather short list of luxury homes he will be touring the next time he’s in the Los Angeles area. Fortunately, we were able to do some of the elimination process based on properties not meeting his search criteria or falling short on one or more of his secondary requirements. His ability to clearly communicate his wants, needs and deal breaker qualities contributed immensely to the successful outcome of his first house hunting trip to the area.
It was important to our buyer to have knowledge of luxury home sales in each of the cities under consideration. This is knowledge every prospective luxury buyer needs in order to ensure the neighborhood values support the cost of their investment. The coastal location of both Manhattan Beach and the Palos Verdes Peninsula, coupled with outstanding public and private schools, tipped the scale in their favor for this particular buyer.
Every buyer has a set of requirements pertinent to their situation. Early sharing of this information will fast track their search for a luxury home. However, the more specific the requirements, the longer it may take to find the desired property. On the other hand, if the home you want is on the market your real estate agent of choice will be able to show it to you immediately if she has a clear understanding of all the qualities you’re searching for in a luxury home.
Here is a quick rundown on luxury home sales in the beach cities and Palos Verdes for 2013. If you would like similar information for other Los Angeles area luxury home sales contact us and it will be provided. A little homework before your feet hit the pavement will shorten the steps of your search. Touring homes that do not meet your criteria is not only a waste of time and energy, it lengthens the time it takes to identify and purchase the home you desire.
2013 Luxury homes sales by city:
- Manhattan Beach: 171 Luxury homes sold in 2013.
- Hermosa Beach: 39 Luxury homes sold in 2013.
- Redondo Beach: 13 Luxury homes sold in 2013.
- 2013 Luxury home sales total for the beach cities: 223
223 Luxury homes priced over $2,000,000 sold proving the beach cities are a prime and highly desired area for those buyers seeking a high-end home in the South Bay of Los Angeles.
Palos Verdes Peninsula luxury home sales for 2013:
- Palos Verdes Estates: 83 High-end homes sold in 2013.
- Rancho Palos Verdes: 60 High-end homes sold in 2013.
- Rolling Hills: 47 High-end homes sold in 2013.
- Rolling Hills Estates: 17 High-end homes sold in 2013.
- The grand total of luxury homes sold in the Palos Verdes Peninsula in 2013: 207.
Here’s a snapshot of luxury homes priced over $2,000,000 currently for sale as of February 11, 2014 in the beach cities and Palos Verdes Peninsula:
Manhattan Beach: 14 Luxury homes are available.
Hermosa Beach: 6 Luxury homes are for sale.
Redondo Beach: 4 Luxury homes are currently on the market.
Palos Verdes Peninsula (this includes the cities of Rancho Palos Verdes, Palos Verdes Estates, Rolling Hills, Rolling Hills Estates and the unincorporated area of the Palos Verdes Peninsula): 62 Luxury homes priced over $2,000,000 are currently listed for sale.
For more information on luxury homes in the South Bay of Los Angeles contact Norma Toering at 310.493.8333.
Palos Verdes Luxury Homes for Sale:
Beach Cities Luxury Homes for Sale: