Palos Verdes and Beach Cities Luxury Home Sales–A 2017 Comparison

By | August 23rd, 2017|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Luxury Homes, Rancho Palos Verdes Listing Agent, Selling your beach cities home, Selling your Palos Verdes Home, selling your palos verdes luxury home|

I awoke this morning with my blogging inspiration for the day on my mind. I knew I wanted to do a "head to head' comparison of the Beach Cities luxury home market versus the Palos Verdes luxury home market for the first half of 2017. The beach cities of Manhattan, Hermosa, and Redondo hug the coastline of the South Bay of Los Angeles until the coast gives way to the Palos Verdes Peninsula. For those in the market to purchase a coastal property in the South Bay of L. A. your real estate search will undoubtedly send you to these coastal communities. Searching for a home can be time-consuming and overwhelming. Let me help you with your pre-search homework with a little statistical information. Manhattan Beach currently has 55 luxury properties priced over $3,000,000 for sale.  17 Manhattan Beach luxury residences are in escrow with accepted offers. 83 Luxury homes [...]

Beach Cities of the South Bay of L.A. Real Estate Update 2017

By | March 6th, 2017|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent|

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 smaller than usual 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.  Year-to-date in 2017  as of March 6, eleven MB luxury properties have closed escrow. The year-over-year comparison shows only a slight reduction in 2017 sales. Hermosa Beach's smaller number of sales can be attributed to its smaller size both in land space and residents.  However, Hermosa still posted [...]

South Bay Beach Cities Luxury Real Estate Update–August 2016

By | August 2nd, 2016|Charlemagne Int'l Properties|

I'm always anxious to see how the luxury real estate market in the Beach Cities of Manhattan, Hermosa, and Redondo compares to what's happening in the luxury housing market on the Palos Verdes Peninsula.  As we enter August, the beach cities' luxury home market is slightly weaker than the same market in Palos Verdes.   Beach Cities Luxury Single-Family Home Update for August 2016: There are currently 68 luxury homes priced over $3,000,000 for sale in the Beach Cities of the South Bay. Sixteen Beach Cities single-family homes are in escrow with accepted offers. Twelve Beach Cities luxury residences sold during July 2016, and 67 South Bay Beach Cities luxury single-family properties have sold year-to-date. This report does not include condos and townhouses, but it's not uncommon for those sales to top the $3,000,000 price range as well.  There is no question, coastal real estate sports a high price tag because it [...]

Beach Cities Luxury Homes

By | June 1st, 2016|Beach City Luxury Homes|

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 luxury home on Monterey Blvd. Redondo Beach: There is 1 home for sale listed over $3,000,000 in Redondo There is 1 home in escrow over $3M No homes sold over $3M in Redondo for the month of May. Luxury homes for sale in the beach cities of Manhattan Beach, Hermosa [...]

Hermosa Beach Luxury Home Listings and Sales Update–April 2016

By | April 22nd, 2016|Beach City Luxury Homes|

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 Properties at Norma@CharlemagneProperties.com

Hermosa Beach Luxury Listings and Sales Report–January 2016

By | January 13th, 2016|Beach City 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 sales is imperative. We hope you find this Hermosa Beach luxury real estate sales report helpful. For more information on preparing your property for sale, or making a savvy real estate purchase in Hermosa Beach, contact Charlemagne Int'l Properties. 310.493.8333. Luxury Homes for Sale in Hermosa Beach

Hermosa Beach Luxury Listings and Sales–October 2015

By | November 1st, 2015|Beach City Luxury Homes|

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 homes. Sales in the Beach Cities luxury home market appear to have slowed in recent months. At the current rate of absorption there is over a three month supply of luxury inventory in Hermosa Beach. These numbers still favor sellers, but there are more choices available to buyers, and more [...]