New to the market is a residence 1 floorplan in the Terraces at 5245 Pacific Terrace set to go active this week. The residence 1 is the smallest of the Terrace layouts
with around 1,861 square feet, 3 bedrooms and 2 1/2 baths. The “Terraces” are single family style homes in the community with no shared walls and small yards. The HOA fees in the Terrace homes are the lowest in the community.
Given that the last 2 residence 1 sales were at $1,197,000 (3/23/21) and $1,122,500 (3/10/20) the price of $1,450,000 is a big leap on this latest listing and will definitely be one to watch. There’s no doubt that there is significant demand but we’re not sure the market is quite ready to support that big of a number. Only time will tell and we’ll find out soon enough.
As with all of the homes in Three Sixty this townhome offered air conditioning, has the incredible community amenities and is served by the award winning Wiseburn School District.
View the MLS listing details below.
Condo Info
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- 3 bedrooms
- 2.5 bathrooms
- Top floor living room and outdoor deck
- 1,861 square feet (BTV)
- 2 car garage
- $220 HOA
- Priced at $1,450,000
5245 Pacific Terrace, Hawthorne – Listed for $1,450,000
Listing courtesy of Matthew Barry & Michael Aronski – eXp Realty of California, Inc. 310-308-6685
beautiful 2 bedroom single level condo in the Flats in the gated community of Three Sixty South Bay. This may be the nicest condo we’ve seen in the community and we’ve been selling homes in there for a long time. It appears that just about every surface has been updated and upgraded and it’s absolutely stunning. They’ve priced it at $960,000 which will be far and away an all time record for a 
$837,828 with the average “sold” price at $854,422 meaning that homes generally sold higher than the asking price. Median days on market was a very short 15 before going into escrow and the average price per foot was $619. 
Segundo….which its not). As home buyers are often looking in both areas due to the location let’s take a look at the October sales numbers in nearby El Segundo CA. It was a relatively slow month in terms of the actual number of sales in El Segundo CA with only 7 on market property sales closing with the average “sold” price at $1,170,857. The median days on market was 17