Home > Blogs > Keith Kyle's Blog
10,125 views

Keith Kyle's Blog

By Keith Kyle | Agent in Manhattan Beach, CA
  • Hot Market for Hollyglen Condos and Townhomes

    Posted Under: General Area in Hollyglen, Market Conditions in Hollyglen, Home Buying in Hollyglen  |  March 13, 2013 4:52 PM  |  993 views  |  No comments

    With inventory continuing to decline the condo and townhome markets in the Hollyglen communities of 360 South Bay and Fusion South Bay have continued their torrid pace. Both complexes are located along Aviation Blvd in the area of Hawthorne known as Hollyglen. Fusion South Bay was completed in 2007 and 360 South Bay began releasing units in the past 2 years, so both offer a very affordable way of getting new or newer construction in the area which is very rare in the South Bay. According to Manhattan Beach realtor Keith Kyle "many home buyers in the area often start their search looking for homes in Redondo Beach and find that in the mid $400K -$550K range what they can afford is much older and smaller. Fusion and 360 offer a similar location, great schools and a much lower price point. Simply put you get much more for your money."

    The market has been very active with 8 resale units currently in escrow. 360 is still currently releasing new construction units and most are not on the MLS so there are a number of additional sales not noted below. As of March 13th there are no active condos or townhomes for sale but click below for the latest list of homes for sale as it's continually updated.

  • Fusion South Bay Getting the Brunt of the Foreclosure Wave

    Posted Under: Home Buying in Hollyglen, Foreclosure in Hollyglen, Investment Properties in Hollyglen  |  August 20, 2012 2:32 PM  |  125 views  |  No comments

    While much of the South Bay has been somewhat immune to the wave of foreclosures and short sales that have been so prevalent in much of Southern California, unfortunately the townhomes of Fusion South Bay haven't been so lucky. Of the 6 homes that are on the market, or currently in escrow, 5 are either short sales or bank owned which is an unheard of ratio in the area.

    ML#Status Address Price Br/BaYearSqftType
    P831850Active5403149TH PL #3 $ 364,9002/3.002007/ASR1410REO
    V12041598Pending5412149th PL #7 $ 345,0002/2.002007/ASR800Short Pay
    V12063595Pending5511149th PL #7 $ 348,1002/2.002006/ASR800Short Pay
    S12090059Pending5506149th PL #8 $ 385,0002/2.002007/ASR1067Short Pay
    S12055041Pending5404149th PL #12 $ 499,9003/3.002008/BLD1790Standard

    So why is Fusion impacted so much more than surrounding areas. Unfortunately it's the perfect storm for foreclosures and is due to a number of factors.

    • Timing - The project was built in 2005 and 2006 so the original home buyers bought at the very peak of the market, and just before the bubble burst.
    • Owners - Most of the units were purchased by two types of buyers. Many units were purchased by first time home buyers with access to loose lending and somewhat risky loans. In addition many buyers purchased in Fusion as a "stepping stone" with no intention of remaining there for long. The other primary buyers at the time were investors thinking they would make good rentals (which they have) but as they were second or even third homes they were also more susceptible to the downturn.
    • Self fulfilling prophecy - Just as the specter of the "shadow inventory" has many buyers and sellers concerned, this actually is the reality in Fusion. As there have been so many short sales and foreclosures, it has driven the price down considerably leading to additional short sales and foreclosure. Prices have dropped considerably and until the wave of distressed sales is resolved there is no clear turn around in sight.
    • Litigation - for all of 2011 there was pending litigation due to what the HOA considered builder defects. While the issue was being resolved there was no lending available which limited any sales to cash buyers only which hammered prices even further.

    Fusion is a great option for buyers looking to be near the beach, with good schools, in a gated community and very new construction for the area. Prices are now favoring buyers looking to get in at the right time. Unfortunately there are 2 sides to every issue and as I've sold numerous Fusion condos to some wonderful people, the "great deal" that Fusion has now become isn't so great for everyone.

  • Fusion South Bay Home Inventory Up - April 2012 Housing Market Update

    Posted Under: General Area in Hollyglen, Home Buying in Hollyglen, Home Selling in Hollyglen  |  April 19, 2012 11:14 AM  |  208 views  |  No comments

    Fusion South Bay is a unique real estate market in the South Bay as it is one of the only "newer" construction complexes near the beach. It is also unique in that it doesn't always pattern the rest of the market and seems to come in waves with very few listings, then an abundance of listings, then back to low inventory. The complex had almost no sales in 2011 due to the threat of litigation against the original builder, but once that was resolved the flood of pent up demand quickly saw almost all of the active listings go into escrow. Since the beginning of 2012 we have seen 3 completed sales with 5 additional homes currently in escrow. Inventory had been down since January, but now has once again seen numbers on the rise with 5 active condos/townhomes for sale.

    Fusion South Bay Townhomes for Sale

    The current condos and townhomes range from the smallest floorplan at just over 1000 square feet priced at $385,000 to the largest of the units priced at just under $550,000 located at 5401 149th Place unit 11. The homes are located in an area of Hawthorne known as Hollyglen with it's own school system and is located just across the street from Manhattan Beach.

  • Fusion South Bay - A Manhattan and Redondo Beach alternative

    Posted Under: General Area in Hollyglen, Home Buying in Hollyglen, In My Neighborhood in Hollyglen  |  February 1, 2012 11:17 AM  |  1,394 views  |  No comments

    I have sold a number of homes in the gated community of Fusion South Bay and often times the home search starts elsewhere.  It is just east of Manhattan Beach and just north of Redondo Beach and it is located in an unincorporated part of Hawthorne known as Hollyglen.  

    Fusion South Bay

    Although it doesn't quite enjoy the status of both Manhattan or Hermosa, it also doesn't come with the same price tag which is how I often end up showing homes there.  The typical buyer is a first time buyer currently living in the Beach Cities and hoping to make their transition into home ownership.  The challenge that we often run into is that in the usual sub $500K price range, the options in North Redondo Beach are often fairly old with few upgrades.  The price range in Manhattan Beach is virtually non-existent.  The townhomes of Fusion are often a great alternative.  The complex offers a comparable location and for the same, or less money, you just get more.  Built from 2005-2007, the homes are newer, more upgraded, often larger with landscaped grounds, pool, spa and some nice entertainment areas.  The units range from smaller A and B units with 2 bedrooms and a one car garage, to larger 3 bedroom units with over 1700 square feet.  In addition the complex is located in a pocket that is within the award winning Wiseburn School District.  Visit our Fusion Townhome MLS listings page for the current units for sale.  In years past values were almost exclusively $500K+ but with recent events including a now resolved litigation threat, and a number of foreclosures and short sales, some units have sold in the high $300s....for very nice homes.

    fusion south bay 

  • Fusion South Bay on the Rise - Prices Down

    Posted Under: Market Conditions in Hollyglen, Home Buying in Hollyglen, Home Selling in Hollyglen  |  April 14, 2011 11:15 PM  |  400 views  |  No comments

    If you are looking for new construction near the Beach Cities of Manhattan Beach, Hermosa, Redondo or El Segundo and are looking for a price near or below $500,000 your options are very limited.  Many home buyers looking for something like that go just east of Aviation to Fusion South Bay.  Built in 2005-2007, the homes are beautiful and modern and are priced hundreds of thousands cheaper than things in the neighboring cities.  Prices have generally ranged from the mid $400's for a smaller 2 bedroom to the high $600's for the largest 3 bedrooms but with a wave of foreclosures and short sales opportunity exists and inventory is high.  Currently there are 7 units on the market ranging from an unheard of $360,900 for a bank owned unit at 5512 #10 (see a map of the Fusion South Bay community) which is an A floorplan to $610,000 for a 3 bedroom home.   Click below for a list of the current Fusion townhomes for sale.

    Fusion Southbay Townhomes and Condos for sale

    Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach.  He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more.  Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.  For more information on the South Bay, visit my Beach Cities Real Estate blog.


  • Great time for Hollyglen and Del Aire Hawthorne Home Buyers

    Posted Under: General Area in Hollyglen, Market Conditions in Hollyglen, Home Buying in Hollyglen, Home Selling in Hollyglen  |  March 3, 2011 11:19 PM  |  220 views  |  No comments

    Single family home market update for February 3, 2001

    It's a great time to be a buyer in Hollyglen and Del Aire with an abundance of homes on the market, both on the MLS and off market listings.

    The neighborhoods of Hollyglen and Del Aire are a fantastic option for couples and families who find themselves priced out of the South Bay market. Employees of the surrounding industrial parks such as Hughes, Northrop, Xerox, and TRW are also attracted to the short commute to work. To the rest of California, even to many South Bay residents, the area of Hollyglen and Del Aire is a well-kept secret. View Wiseburn School District information.

    See below to see a month by month chart of the number of homes for sale vs the number of homes in escrow. 

    Hollyglen and Del Aire Hawthorne real estate update 

    Currently there are 20 single family homes for sale between 800 and 1500 square feet with 7 homes currently in escrow.

    See below for homes currently for sale.  
    ML#   Address  Price  Br/Ba YrBlt Sq Ft Lot
    P771888 5137 139TH ST   $     390,000 2/1.00 1951/ASS 1063 5040
    S11008436 5022 136th ST   $     399,000 3/1.00 1924 960 5280
    S11018097 5508 119th PL   $     399,000 3/1.00 1940 1027 6732
    N11011003 5115 135th ST   $     399,900 3/2.00 1986 1288 5850
    S11027684 5337 127th PL   $     409,000 2/1.00 1950/ASS 850 5104
    S11018263 4923 134th PL   $     409,900 2/1.00 1924 876 5280
    S638450 5107 138TH ST   $     415,000 2/2.00 1944/ASS 1218 6072
    P736701 5413 118TH PL   $     420,000 3/2.00 1941/ASS 1333 7830
    N11006671 13734 Shoup AV   $     429,000 3/2.00 1947 1107 5280
    S649522 5028 134TH ST   $     429,000 3/1.00 1947/ASS 982 5280
    P755891 12337 FELTON AV   $     435,000 3/1.00 1944/ASS 996 5249
    S10119120 5175 135th ST   $     449,000 3/2.00 1986/ASS 1388 5994
    S11007616 5038 138th ST   $     499,000 3/2.00 1953/ASS 1379 5360
    S10124339 13723 Judah AV   $     529,000 3/2.00 1954 1120 5500
    S10082694 13022 Hindry AV   $     539,000 3/2.00 1955 1098 5484
    S11027571 5503 Wiseburn ST   $     539,000 3/2.00 1955 1488 5000
    S11007583 5410 142nd PL   $     569,000 3/2.00 1954/ASS 1120 5100
    S644973 5532 139TH ST   $     579,000 3/2.00 1954/ASS 1098 5000
    10481421 5513 134TH PL   $     599,500 3/2.00 1955 1409 5000
    F1844130 4931 131ST ST   $     600,000 3/1.00 1947/ASS 996 5280
                   

    hollyglen and del aire homes on the market

    Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach.  He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more.  Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.  For more information on the South Bay, visit my Beach Cities Real Estate blog.

     

     

  • Hollyglen CA Listing Update for June 2009

    Posted Under: Market Conditions in Hollyglen  |  June 30, 2009 2:03 PM  |  130 views  |  1 comment

    The real estate market has picked up in the Hawthorne neighborhood of Hollyglen lately as homes have become ever more affordable.  It wasn't long ago that it was difficult, if not impossible, to find a single family home in Hollyglen priced under $500,000 but there have been a number in the past few months.  There are currently 9 homes on the market with the lowest priced single family priced at $469,000 and the highest priced home at $649,000.  The median home price is just under $570,000 and other than the home on 119th no home has been on the market longer than a month.  There are currently 5 homes in escrow with 6 homes having closed in June of 2009

    Click here to see recent Hollyglen home sales.

    Hollyglen real estate and homes for sale

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer