South Bay/Beach Cities: SOLD.... June 2007

The Strand in Hermosa Beach


No question the local real estate market is slowing but then sales always slow in the summer. Last year at this time the South Bay/Beach Cities market was stalled.. as buyers just simply withdrew. I'm not seeing that this year as buyers are still coming to open houses and I'm getting a lot of inquiries from my websites.

The market is in a real pickle right now as Buyers continue looking closely at prices and wondering if Sellers are going to stand firmon listing prices for their homes or if there might be a little leeway as we hit mid year. Sellers, on the other hand, are wondering if Buyers will finally step up to the listed price or will continue to be selective about price. I suspect they will meet somewhere in the middle.


I know there are a number of sellers who don't want to officially lower the asking price but are hoping someone will make an offer to get things moving. No one wants to make the first move.. Reminds me of teens at a middle school dance.. girls on one side of the room and boys on the other while the music plays and plays.. each one is afraid to be the first on the floor.

I've added a new feature as requested by a lot of readers... The Sold price per sqft next to the median sold price. In another post I'll track if for single family homes in Manhattan Beach and later for all the Beach Cities. for the last few years. I've added it to the inventory list in my newsletter for listings found in the Market Conditions Report.

Beach Cities: Sold June 2007 ( click on the information to enlarge graphic)




Beach Cities: Sold June 2006

Beach Cities: Sold May 2007

Beach Cities: Sold April 2007

Beach Cities: Sold March 2007

Beach Cities: Sold February 2007

Beach Cities: Sold January 2007

South Bay/Beach Cities: 360 at The South Bay

Grand Opening is July 28, 2007 from 10:00-5:00 pm

Entrance to 360 at South Bay

I've been seeing a lot of searches on my site for information on 360 at The South Bay so I thought I would provide a first look at what happening on the site.

The development is located on the old LA Air Force Station in El Segundo or SAMSO as it was called by most residents. In a complicated landswap deal the base was moved to new headquarters and the old base area was sold for housing to the William Lyon Company.

It looks as if 360 South Bay will be a very nice community although a bit more inland then many people may realize. Truthfully I don't know whether it will be considered El Segundo or Hawthorne because of the landswap that occurred. Technically it is in El Segundo but the school district will be Wiseburn not El Segundo.

I did notice that on the 360 site they are very careful not to mention a city. The same thing happened with Fusion which is in Hawthorne but across the street from Manhattan Beach.. it was also designated as Fusion South Bay rather then showing a Hawthorne address. The main reason is of course South Bay sounds like beach even though it is a few miles from the beach and definitely not in Manhattan Beach which is what a lot of people thought when they first hit the market.

The are building fast and furiously to get some models up and open sometime this summer. I don't know what the prices will be but am guessing there will be a fairly wide variety of prices with a few entry level units and others priced significantly higher. a lot of the units will be large.. over 1600 sqft which is nice for families or those who need more space.

There are 5 models that vary in design and size. The units will range from studios to 4 bedrooms and will be 957 sqft to 2729 sqft. I think they will be many similar elements found in Playa Vista in the Marina.

As I receive more information I will continue to post it here along with more pictures as the building moves forward