It was a busy few days in the Three Sixty South Bay real estate market with several homes going into escrow. The market had definitely
slowed down quite a bit but this may be an indication that things are getting back to normal. Of the 8 homes that had recently been active on the market, 3 have gone into escrow in the past few days.
The single family style Terrace home at 5127 Pacific Terrace went into escrow after 14 days, the highly sought after residence 3 floor plan in the Row at 5355 Strand #105 went into escrow after 28 days on market, and the single level one bedroom (converted studio) in the Flats at 13025 Park Place #201 went into escrow after 4 days on the market (relist date) priced at $615,000. This may definitely be an indication that the slowdown was temporary but much will likely depend on the economy, jobs and future impacts of the coronavirus.
Three Sixty hadn’t been tooi impacted at first with homes still selling quickly and for record prices, but it seems that it’s now definitely playing a role. While there were no homes for sale at times earlier this year there are now 8 and none have sold in the past 30 days.
with Douglas Elliman, the home is priced at $1,125,000 and offers some of the largest square footage of the townhomes at 2,100+ sq feet. It’s a unique layout with 3 bedrooms on 3 separate levels. One of the most popular features of the layout is the soaring ceilings of the living room offering great windows and an abundance of light and space. Take a look at the residence 3 floorplan here.