Hot Real Estate Market in 360 South Bay – Update April 18, 2017

By Keith Kyle

If there was ever an indication as to just how hot a market is…this is it. We had a wave of new listings, especially in the Courts in the past two weeks.  All but one of the homes is now in escrow despite the brief influx of new homes for sale.  As of 4/18/2017 there 9 homes currently in escrow and only one active home for sale.  That’s fairly incredible.  Even more impressive is that the current average days on market for these pending home sales is a mere 8 days.  If you are considering listing and selling your home in 360 South Bay there has simply never been a better real estate market.

As of 4/18 Type
Address List Price Price per ft Bed/Bath Sq Feet Days on Mrkt
Active SFR/D 5243 Pacific Terrace $1,259,900 $576.09 4/3,0,0,0 2187/A 19
In Escrow CONDO/A 13019 Park PL #402 $759,900 $490.89 2/2,0,0,0 1548/B 37
In Escrow CONDO/A 5535 Ocean #102 $849,900 $456.94 3/3,0,1,0 1860/A 35
In Escrow CONDO/A 13025 Park PL #201 $559,000 $584.12 1/1,0,0,0 957/B 3
In Escrow CONDO/A 12920 Central AV #403 $619,000 $467.88 1/1,0,1,0 1323/B 7
In Escrow TWNHS/A 5545 Ocean #105 $715,000 $541.67 2/2,0,1,0 1320/A 10
In Escrow CONDO/A 12922 Union AV #404 $725,000 $468.35 2/2,0,0,0 1548/B 6
In Escrow CONDO/A 13125 Central AV #401 $739,000 $489.08 2/2,0,0,0 1511/B 6
In Escrow TWNHS/A 5550 Boardwalk #104 $759,000 $506.68 2/2,0,0,0 1498/B 10
In Escrow TWNHS/D 5525 OCEAN #103 $825,000 $425.26 3/3,0,1,0 1940/A 14

The Year in Review – 360 Home Sales in 2016

By Keith Kyle

2016 was an incredible year in 360 at South Bay with home prices continually on the rise and most listings not lasting long before going into escrow.  There were 39 closed home sales in 2016 in Three Sixty with a median price of just under $745,000.  Compare this with 2015 which saw 47 home sales at a median price of $703,000.  The least expensive home of 2016 was a one bedroom in The Flats selling for $525,000 with the highest sale of the year being a detached 4 bedroom in the Terraces closing at $1,325,000.  Of the 38 home sales the various model/floorplans were:


Address Price Price Per Sq Ft Br/Ba Square Feet Days on Mkt
5540 Strand AV #203 $525,000 $590 1/1,0,0,0 890/A 31/31
13126 Union AV #203 $565,000 $635 1/1,0,0,0 890/A 45/45
12922 Union AV #403 $578,000 $437 1/1,0,1,0 1323/SEE 42/42
13032 Union AV #401 $612,500 $463 1/2,0,0,0 1323/B 02/02/17
5351 Ocean #104 $649,000 $515 2/2,0,1,0 1260/A 23/23
13021 Central AV #302 $660,000 $452 2/2,0,0,0 1460/A 29/29
13024 Union AV #203 $670,000 $469 2/2,0,0,0 1429/B 26/26
5540 Strand AV #202 $680,000 $507 2/2,0,0,0 1340/A 49/49
13032 Union AV #203 $680,000 $476 2/2,0,0,0 1429/B 38/38
13024 Union AV #301 $685,000 $507 2/2,0,0,0 1350/A 53/53
13022 Central AV #201 $688,000 $481 2/2,0,0,0 1429/B 23/89
12825 CITY DR #105 $690,000 $505 2/2,0,1,0 1367/A 21/21
12915 PARK PL #204 $695,000 $448 2/2,0,0,0 1550 23/23
5439 Strand #105 $703,000 $482 2/2,0,1,0 1460/A 12/12/17
5449 Strand #102 $715,000 $460 2/2,0,1,0 1554/B 32/32
13028 Central AV #402 $720,000 $465 2/2,0,0,0 1548/B 06/06/17
13024 Union AV #402 $725,000 $468 2/2,0,0,0 1548/B 04/04/17
13124 Central AV #301 $728,000 $438 2/2,0,0,0 1662/B 06/06/17
5530 Strand #401 $740,000 $490 2/2,0,0,0 1511/D 13/13
5537 Strand #103 $749,500 $437 2/2,0,1,0 1714/B 46/46
5552 Coral DR #107 $770,000 $476 3/1,2,0,0 1616/AP 49/49
5423 Ocean #101 $780,000 $423 3/2,0,1,0 1843/A 35/35
5554 Coral DR #104 $785,000 $510 2/2,0,1,0 1540/A 05/05/17
12921 Mission AV #102 $792,000 $514 2/1,1,1,0 1540/A 01/01/17
13228 Central AV #102 $815,000 $422 3/3,0,1,0 1930/A 11/01/40
13123 Park #101 $829,000 $450 3/2,0,1,0 1843/A 52/52
5593 Palm DR #103 $829,000 $511 3/2,0,1,0 1621/B 11/11/17
13220 Central AV #102 $830,000 $420 3/3,0,1,0 1978/S 44/44
5433 Ocean #102 $835,000 $442 3/3,0,1,0 1890/A 02/02/17
13131 Park PL #103 $837,000 $434 3/4,0,0,0 1930/A 47/47
13123 Park PL #103 $847,500 $439 3/4,0,0,0 1930/A 37/37
5593 Palm DR #109 $849,000 $404 4/3,0,1,0 2100/B 01/01/17
13220 Central AV #103 $849,000 $440 3/3,0,1,0 1930/A 52/52
5439 Strand #101 $850,000 $417 3/3,0,0,0 2040/A 0/0
5547 Strand #106 $852,000 $386 3/3,0,0,0 2210/T 08/08/17
13130 PARK PL #106 $855,000 $462 3/3,0,0,0 1850 08/08/17
5547 Palm DR $869,000 $506 3/3,0,1,0 1719/D 07/07/17
5531 Palm DR $1,325,000 $538 4/2,0,1,0 2463/B 10/10/17

360 South Bay Market on Fire with 8 Homes Currently in Escrow

By Keith Kyle

Well it appears talk of the market slowing down due to the potential litigation issues against the builder certainly haven’t slowed things down.  As of October 18th, 2016 there are only 2 active homes for sale with 8 homes currently in escrow.  That’s a pretty staggering ratio given the surrounding real estate market and the potential challenges with lenders and loans.  See the current homes for sale in 360 South Bay as well as the most recent home sales.  If you are interested in finding the value of your home in 360, we offer a FREE market analysis to determine the most up to date value in today’s changing real estate market.
360_pending_home_sales_1

360_pending_home_sales_2

Demand High and Inventory Low for Condos in The Flats

The demand in 360 at South Bay continues to be strong as the few homes that come on the market often sell fairly quickly and demand continues to rise.  Nowehere is that clearer than in the Flats, the one level low rise condos located in the center of the 360 community.  As of July 17th there are no active condos for sale with two pending sales.  It’s a pretty ideal market for home sellers in 360 so it isn’t entirely clear why there are so few homes for sale during the summer months.  See the various floorplans in The Flats or see the current homes for sale in 360 South Bay.

360_Flats_2016_Home_Sales_1 360_Flats_2016_Home_Sales_2

Current Homes for Sale in 360 South Bay

Three Sixty at South Bay was originally built by William Lyon Homes.  While they have completed and sold all of the homes, there are now often resale units for sale in this wonderful community.  With an abundance of styles, floorplans and finishes, there are endless variety’s and something to fit everyone’s tastes.  From the “condo” style living of the Flats, to the large single family homes of The Terraces the community offers endless choices.  For more information on any of the homes for sale let us know about your home search and we’ll send you email updates whenever a new listing comes on the market or contact us.

Current homes for sale in Three Sixty at South Bay

**The listings below may be represented by other realtors. We are providing this information as a service to our clients.

Click any MLS number above for details and photos of the home.

**The listings above may be represented by other realtors. We are providing this information as a service to our clients.

**Please note that we have no official affiliation with Three Sixty at South Bay. Our site is designed to help provide real estate information on this and other communities.