August 2010

Found 5 blog entries for August 2010.

This week we look at three new listings on the Palos Verdes Peninsula, each with ocean views. (The photo here is courtesy of the Breeze, the view from the back yard of the first listing below.)

To view the properties discussed in the story, use these links below to go to the property display pages via Redfin:

30379 Camino Porvenir (5br/4ba, 4150 sq. ft.) starts at $2.225m.
1640 Paseo Del Mar (4br/4ba, 3360 sq. ft.) starts at $2.599m.
801 Via Conejo (4br/3ba, 2845 sq. ft.) starts at $1.879m.

Three Blue Visions from the Hill

The more I see of the Palos Verdes Peninsula, the more there is to see. It’s a world unto itself. There’s also a lot to see from the peninsula: specifically, ocean views. That’s what it’s all about for lots of locals. This week I…

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The first part of the column concerns 217 Seaview (3br/2ba, 1400 sq. ft.) (pictured), a would-be flip/remodel in Manhattan Beach's El Porto section that hasn't exactly worked out as planned.

It's been on the market, on and off, for 5 years. Now it's a short sale. For more, see the Breeze or this post on Manhattan Beach Confidential. Also, you'll recall that last week's column focused on sales data for three major areas of the South Bay: the Beach Cities, Torrance and Palos Verdes. This week we look at other major areas: San Pedro, Carson and Gardena.

El Porto Remodel/Flip Crashes

For nearly five years, on and off, the remodeled home at 217 Seaview St. in Manhattan Beach’s El Porto neighborhood has been for sale. First, in November 2004, someone

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The front page of the LA Times on Friday said what SB Confidential reported months ago -- professional flippers are in business even today, amid a mostly challenging housing market.

The Times focused on pro investors grabbing foreclosures, especially out in the hinterlands -- the Inland Empire and beyond. They fix them up and flip them, and they're savvy.

Noting the rush of activity where foreclosed homes are sold, one investor offered this observation:

"It's just like the housing bubble," he said. "It's almost like we're in a bubble at the courthouse steps."

That's quite different from this SBCon story on 815 Pearl in S. Redondo (click highlighted address for more pics & details via Redfin). It's no foreclosure there, but we're still watching to

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This week we're looking at sales statistics for the first half of 2010 in three major South Bay regions: the Beach Cities (Manhattan, Hermosa, Redondo), Torrance (all areas) and the PV Peninsula. All three regions have seen sales exceed the totals seen in the trough years of 2008-09, but which area's performing best so far?

Earlier this week I provided more granular detail on sales within sub-regions of Manhattan Beach in two posts on MB Confidential – these were more year-to-date, covering January through the end of July. Here are those two posts:

  • "Giving '07 A Run So Far" – covering SFR sales west of Sepulveda
  • "Sales in Those 'Other' Areas" – covering Sand Section townhomes and all sales east of Sepulveda in the 90266

And speaking of…

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