March 2017

Beach Cities of the South Bay of Los Angeles Update for 2017

By | March 6th, 2017|Beach Cities, Beach Cities Luxury, Hermosa Beach, Manhattan Beach, Redondo Beach|

I was browsing about on Zillow for a luxury home in Manhattan Beach for one of my clients. I was surprised to see Zillow is predicting a small increase in value for the area in 2017.  On the other hand, property in the Beach Cities of the South Bay of Los Angeles has enjoyed a phenomenal surge in value since the housing market recovered from the recession years of 2008-2010. I'm happy to see the market taking a breather and not advancing toward a bubble; bubbles burst. 86 Manhattan Beach luxury homes priced at or above $3,000,000 sold during 2016. [...]

November 2016

Beach Cities Residential Income Property Report–November 2016

By | November 17th, 2016|Beach Cities, Front Page, Hermosa Beach, Income Property, Manhattan Beach, Redondo Beach|

The South Bay of Los Angeles is popular with landlords for a variety of reasons; perhaps the top one being real estate prices are high, and that supports an ever-growing pool of renters.  The Beach Cities of Redondo, Hermosa and Manhattan are prime coastal locations for residential income properties. It's a lifestyle many aspire to and although the purchase prices are high there are a surprising number of rentals available near the beach.     Let's begin with a market update for Redondo Beach's residential income properties: 8 Residential income properties are currently for sale in Redondo Beach. 6 Redondo [...]

June 2016

Beach Cities Luxury Homes – June 2016

By | June 2nd, 2016|Beach Cities, Beach Cities Luxury, Hermosa Beach, Manhattan Beach, Redondo Beach|

Here is the Charlemagne Intl Properties update on the luxury home market in the Beach Cities of Los Angeles. Manhattan Beach: There are 50 homes for sale listed over $3,000,000 in Manhattan Beach There are 9 homes in escrow over $3M 14 Homes sold over $3M in May 2016. The highest priced sale was $9.2M for a newer home on 2nd Street. Hermosa Beach: There are 12 homes for sale listed over $3,000,000 in Hermosa Beach There are 4 homes in escrow over $3M 2 Homes sold over $3M in May 2016. The highest priced sale was $3.7M for a [...]

April 2016

Hermosa Beach Luxury Home Listings and Sales Update–April 2016

By | April 27th, 2016|Beach Cities, Hermosa Beach|

There are currently 16 Hermosa Beach residences, priced at or above $3,000,000, listed for sale. A property located on The Strand for $22, 900,000 snags the most expensive price tag. Four Hermosa Beach luxury homes are currently in escrow with accepted offers. Year-to-date four luxury properties in Hermosa Beach sold at or above the $3,000,000 price point. Based on the current rate of absorption, the coastal beach town has approximately a four month supply of homes for sale. Luxury Homes for Sale in Hermosa Beach: For more information on selling or buying a Hermosa Beach luxury home contact Charlemagne Int'l [...]

South Bay Income Property – April 2016

By | April 21st, 2016|Beach Cities, Hermosa Beach, Income Property|

There are 104 income properties on the market in the South Bay. This month's price range is from $339,000 for a triplex in San Pedro (rented out under-market) to $7.65M for a 20 unit building in northern Redondo Beach. Quite a few income units accepted offers in the last month which has dipped the inventory a little.  The Beach Cities in particular had many apartments go into escrow, so the available inventory in those cities dropped by half or more. 86 units are in escrow, which indicates a very active market and about 1.2 months of available supply. In March [...]

January 2016

Hermosa Beach Luxury Listings and Sales Report–January 2016

By | January 12th, 2016|Beach Cities Luxury, Hermosa Beach, Hermosa Beach Luxury Homes|

Six Hermosa Beach luxury homes priced over $3,000,000 sold during the fourth quarter of 2015.  Five of the luxury properties were single family residences, one was a townhouse.  The properties were all located in the Sand Section of Hermosa Beach. Two Hermosa Beach luxury homes priced at or above $3,000,000 are currently in escrow with accepted offers. If you're in the market to purchase a Hermosa Beach luxury home there are currently ten luxury residences listed for sale in the over $3,000,000 price range.  If you're considering selling a Hermosa Beach luxury property being familiar with current listings and recent [...]

November 2015

Hermosa Beach CA Luxury Listings and Sales–November 2015

By | November 13th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Hermosa Beach, Sand Section|

Most luxury markets are fully recovered from the real estate crash of 2008.  Many neighborhood are selling far above 2007's peak prices.  A few markets in the South Bay of Los Angeles are still in recovery mode.  Hermosa Beach, as most of the South Bay, remains in a long-running sellers' market. With interest rates promised to rise in the coming months, now is an excellent time for buyers to take advantage of a softening in the luxury segment of the local real estate market. If you're in the market to purchase a luxury home in any of the Beach Cities [...]

October 2015

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 [...]

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

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 [...]