South Bay Real Estate News

Significant developments and emerging trends in the South Bay real estate market.  Want regular updates?  Sign up for our bi-weekly newsletter.

A trio of Hermosa Beach listings - two on The Strand and a magnificent ocean-view home on almost a half acre in Hermosa Valley - look to set a new benchmark for the price of an ultra-high end home in the city.

The recent closed sale of our brand new construction listing at 217 28th Street in Hermosa Beach is one of four new single family homes to sell this year in the Hermosa Sand section and one of two that sold off-market (there is a 5th new single family home in the Hermosa Sand that is posted on the MLS and is currently under contract).

A sudden flurry of very high-end home selling activity in the Manhattan Beach Hill section is virtually unprecedented and signals a strong local real estate market that continues to attract the uber wealthy.

The sale of our new construction listing at 1400 21st Street in East Manhattan for $3,225,000 was most notable because the purchaser paid for it in bitcoin.  This answers the question, "Is bitcoin a thing?" with a resounding "yes."

Mike and Sachi have two upcoming brand new ocean-view beach homes in the South Bay - a Modern Nantucket-style home at 217 28th Street in Hermosa Beach and a Steve Lazar-designed contemporary at 316 27th Street in Manhattan Beach.

The United States offers homeowners a mortgage interest deduction while Canada does not.  Yet the percentage of people who own their own home is higher in Canada than the United States.  Some thoughts on that.