November 2015

Manhattan Beach CA Luxury Listings and Sales–November 2015

By | November 13th, 2015|Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Manhattan Beach, Manhattan Beach Luxury Homes|

Nine luxury homes priced at or above $3,000,000 sold during the month of October 2015 in Manhattan Beach.  Seven of those properties were located in the Sand Section. Nine Manhattan Beach luxury homes in the three million dollar and up price range are in escrow with accepted offers. 37 Manhattan Beach luxury residences are currently for sale in the $3,000,000+ price range. The Manhattan Beach luxury home market is moving toward a more neutral zone favoring neither sellers nor buyers--a neutral market is a stable market and that's good for sellers as well as buyers. For more information on the [...]

October 2015

Redondo Beach Luxury Listings and Sales–October 2015

By | October 17th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Redondo Beach|

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. [...]

Hermosa Beach Luxury Listings and Sales–October 2015

By | October 17th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Hermosa Beach, Hermosa Beach Luxury Homes, Lifestyle in the Beach Cities|

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 [...]

Manhattan Beach Luxury Listings and Sales–October 2015

By | October 15th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Los Angeles, Manhattan Beach, Manhattan Beach Luxury Homes|

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 [...]

Redondo Beach Luxury Listings and Sales–September 2015

By | October 2nd, 2015|Beach Cities, Beach Cities Luxury, Redondo Beach|

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 [...]

Hermosa Beach Luxury Listings and Sales–September 2015

By | October 2nd, 2015|Beach Cities, Beach Cities Luxury, Hermosa Beach|

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 [...]

September 2015

Redondo Beach Luxury Listings and Sales–August 2015

By | September 5th, 2015|Beach Cities Luxury, Redondo Beach|

Luxury is a word that means different things to different people.  For real estate purposes, luxury will indicate those properties priced at or above $3,000,000.  The value of a property is determined by its location, quality, amenities and size.  Having a coastal location, a mesmerizing ocean view, luxury amenities and top-quality construction certainly adds to the value and contributes to making the property worth the price to prospective buyers. Let's check out the Redondo Beach luxury real estate scene as summer wanes and autumn approaches with its subtle shift to shorter days and cooler nights. July 2015 luxury listings and [...]

Hermosa Beach Luxury Listings and Sales–August 2015

By | September 5th, 2015|Beach Cities Luxury, Hermosa Beach, Hermosa Beach Luxury Homes|

We offer free preparation and value consultation of your luxury Hermosa Beach property. It's the first day of school, and finally the morning air was a bit cooler when I walked my dog this morning.  It's been a hot and humid summer in the South Bay of Los Angeles, and even the coastal beach cities did not escape the summer heat wave. Do luxury home sellers and buyers keep the real estate market sizzling in the summer or does the market fizzle and slip into the lazy dog days of summer? Let's see how laid-back Hermosa Beach with [...]

June 2015

Redefining Palos Verdes and Beach Cities Luxury Home Prices

By | June 22nd, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Manhattan Beach Luxury Homes, Palos Verdes Luxury Homes, Palos Verdes View Homes, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates|

For the past eight years I've defined luxury homes in the local real estate market by one primary criteria--price.  When I began my local real estate blog, Palos Verdes Lifestyle, in 2007 the dividing line was rather arbitrarily drawn at $2,000,000 as the defining value marker.   The definition of luxury homes in the local real estate market remained stable during the real estate recession years and throughout the equity gain-back years.  The price criteria of luxury homes often falls into sub-categories that included coastal location with view, larger than average sq. ft. and superior condition. The rise in real [...]

Redondo Beach Luxury Home Market Update–June 2015

By | June 10th, 2015|Beach Cities, Beach Cities Luxury, Favorite Photos - Beach Cities, Lifestyle in the Beach Cities, Los Angeles Luxury Homes, Redondo Beach, South of Torrance Blvd, West of Pacific Coast Hwy|

June gloom arrived on schedule with its heavy morning marine layer.  It's an accepted part of our weather life on the Palos Verdes Peninsula and surrounding coastal beach cities of Redondo, Hermosa and Manhattan.  The second week produced a few unexpected showers and humidity more in keeping with the years we spent in Florida and Maryland.  So far, June is full of surprises. Let's hope the Redondo Beach luxury home market is exhibiting a bit more stability as we get ready to welcome the summer months. Here's your real estate market update on Redondo Beach luxury homes priced at or [...]