Lyon Homes Beginning to List 360 South Bay Homes on the MLS

By Keith Kyle360 South Bay

**Update**All new construction homes have been sold and Lyon Homes in no longer involved.  There are homes for sale as resale units but there are no longer new construction units.  Please contact us for information on the homes for sale.

In a shift from their previous sales strategies, William Lyon Homes are now starting to list many of their new construction properties on the local MLS making it easier to see and purchase with the use of a realtor.  Until now all new home sales were done through the Lyon Homes sales office as “buyers agents” were not involved and a realtors involvement often ended at bringing the prospective buyer through the community for an initial visit.  While they are still keeping the role of the buyers agent to a minimum, listing the homes on the MLS has been a definite shift in policy.

360 South Bay is a newly constructed gated community in the Hollyglen neighborhood of Hawthorne CA and offers new and newer homes with a great community feel, fantastic ammenities and is located in the award winning Wiseburn School District.

View information on 360 South Bay including models, floorplans and more.

In addition to the new construction and upcoming construction, there are a number of resale units that have always been handled like normal real estate transactions with a buyers and sellers realtor involved.

View the current homes for sale in 360 South Bay available on the local MLS

Where did all the homes in Fusion go?

By Keith KyleFusion South Bay

It seems that nobody is selling in Fusion these days which is a bit unusual as so many owners in the complex weathered some tough years and homes are once again nearing the peak.  As a realtor who frequently sells homes in this great community, it’s always a challenge when the inventory is this low as there’s simply nothing to sell.  Fusion has always been a very unique market as there are often either too many homes on the market, and they all sit until the first one sells (and then they seem to go like dominoes) or there’s no homes on the market.  The appeal of Fusion is the combination of price, location, and age which makes them a great value.  Built in 2006 and 2007, they sit just east of Manhattan Beach but at dramatically lower prices.  Most buyers often start their searches in Redondo Beach or El Segundo, but after looking at what $550,000 or so gets them in those towns, they opt for the very new, very well located Fusion townhomes.

So what’s an interested buyer to do?

  • The first aspect is to find an agent that frequently sells in Fusion as they may have the inside track into upcoming and off market possibilities.  There are 4 or 5 realtors that work fairly extensively in this gated community.
  • Be patient.  As I mentioned above Fusion is a unique market that seems to go in waves.  It won’t be too long before there are several listings
  • Consider the condos, townhomes, and single family homes at 360.  Another alternative is the community known as 360 which is just a bit north.  Contact us for more information as there are new homes as well as resale listings.

 

Plan A townhome in Fusion

September Home Sales in El Segundo Dominated by Condos

El Segundo CA once again saw a fairly low number of home sales for September 2014.  The real estate market continued to be a sellers market with very lowPlan A townhome in Fusion inventory and very high demand in this coastal community of the South Bay outside of Los Angeles.  The bulk of the home sales in September were dominated by condos, which is a bit unusual.  Of the 8 homes sold on the MLS, 5 were condos, one was a townhome and only 2 single family homes.  Visit our El Segundo CA homes for sale page to see the current active MLS listings or visit our recent home sale page for the South Bay to see other months and other South Bay Cities.

 

El Segundo Real Estate Market Update

By Keith Kyle

The market in El Segundo seems to have leveled a bit with the number of homes for sale hovering in the high teens for the past few months.  As of August 25th there are currently active listings in El Segundo.   Although last month saw a significant increase in active listings and this month we see an increase in pending home sales, the numbers are skewed a bit due to the recent release of a number of new construction townhomes on Walnut and Pepper.

El Segundo Real Estate Market Update

By Keith KyleEl Segundo real estate

Real estate in the South Bay and specifically El Segundo continues at a pretty torrid pace.  Slowly rising inventory should alleviate some of the pressure and we may be heading towards a more balanced market.  July was the new high for active homes for sale with 30, topping the year high of 17 in June.  Median home price of active listings is $799,000.  The primary reason for this significant jump in inventory is due to the two new construction projects at the 100 Block of Walnut and the 900 block of Pepper, a 12 unit project from architect Pat Killen.

Currently there are 14 homes in escrow which is also a considerable jump from the 9 homes in escrow during the month of June.

We are still seeing quite the disparity between the average list prices of homes in El Segundo vs. the average sold home prices.  This is primarily due to sellers often listing homes at a “make me move” type price in which they’re looking for something well beyond market values.

El Segundo Real Estate – Market Update for June

By Keith KyleFor Sale Sign

The real estate market in El Segundo continues to be hot with very low inventory and prices continuing to rise.  Summer months are traditionally very active due to the award winning school system and proximity to the coast.  El Segundo has a wonderful small town feel and is conveniently located close to all that Los Angeles and the South Bay has to offer.

  • In escrow – 20
  • Total homes sold in 2014 YTD – 43
  • Average sales price – $796,894
  • Average price per square foot – $514

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El Segundo Real Estate. All information deemed reliable but not guaranteed. The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This information is based on data pulled from CRMLS