Three Sixty At South Bay

360 Real Estate and Homes for Sale in Three Sixty at South Bay, of of the premier gated communities

Not a Single Closed Home Sale in 360 For August

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While the market has been slow in the gated community of 360 South Bay, it’s not usually this slow. Although there were a few new listings and a few homes went into escrow, there wasn’t a single closed home sale during the month.  **see our update for September 2019**

There have been 39 closed home sales in 360 over the past 12 months with at least one closed sale in every month. According to top 360 realtor Keith Kyle, “August was definitely a big dropoff in home sales, but September has really turned around and we’ve already seen a number of home sales as well as several homes going into escrow. It definitely appears that the slow summer market is giving way to a solid fall.”

The inventory of homes for sale was up quite a bit since July but there are currently only a few active MLS homes for sale in 360 South Bay.

Home sales by month for the past year

Sub
Type		   Address Sales Price $ Per Foot Bed/Bath Sq Feet Sold Date
TWNHS/A 5321 Ocean    #105 $827,500 $605.34 2/2,0,1,0 1367/O 9/24/2018
CONDO 13125 CENTRAL AVE   #203 $572,000 $642.70 0/1,0,0,0 890/ 10/5/2018
CONDO/A 13022 Central AVE   #301 $795,000 $556.33 2/2,0,0,0 1429/B 10/13/2018
CONDO/A 5440 Strand    #401 $890,000 $582.46 2/2,0,0,0 1528/P 10/19/2018
TWNHS/A 12823 Manhattan CT   #105 $815,000 $524.45 2/2,0,1,0 1554/B 10/25/2018
CONDO/A 12915 Park PL   #303 $775,000 $542.34 2/2,0,0,0 1429/B 11/6/2018
TWNHS/A 12920 Central AVE   #403 $690,000 $521.54 1/1,0,1,0 1323/B 11/20/2018
CONDO 5419 STRAND    #101 $1,116,101 $539.18 3/3,0,0,0 2070/A 11/27/2018
CONDO/A 5550 Boardwalk    #102 $690,000 $607.93 1/1,0,1,0 1135/P 11/30/2018
TWNHS/A 5552 Coral DR   #108 $1,051,000 $507.24 4/4,0,0,0 2072/B 12/18/2018
SFR/D 5542 Palm Drive    $1,215,000 $555.56 4/2,0,1,0 2187/A 1/10/2019
TWNHS/A 13023 Union AVE   #106 $897,000 $550.31 2/2,0,1,0 1630/B 1/18/2019
TWNHS/A 5565 Ocean    #106 $817,000 $441.62 3/2,0,1,0 1850/A 2/4/2019
TWNHS/A 5537 Strand    #101 $1,125,000 $529.91 3/3,0,0,0 2123/B 2/8/2019
TWNHS/A 12913 Mission AVE   #105 $874,000 $571.24 2/2,0,1,0 1530/A 2/26/2019
CONDO/A 13022 Central AVE   #203 $765,000 $570.90 2/2,0,0,0 1340/A 3/4/2019
SFR/A 5227 Pacific Terrace    $1,145,000 $554.75 3/1,1,1,0 2064/A 3/18/2019
CONDO/A 13029 Central AVE   #303 $779,000 $577.04 2/2,0,0,0 1350/A 3/29/2019
SFR/D 5564 Palm DR   $1,090,000 $585.71 3/3,0,0,0 1861/A 3/30/2019
CONDO/A 5450 Strand    #202 $790,000 $552.83 2/2,0,0,0 1429/B 4/16/2019
TWNHS/A 5429 Strand    #103 $880,000 $513.42 2/3,0,0,0 1714/B 4/26/2019
SFR/D 5565 Palm DR   $1,135,000 $601.48 3/2,0,1,0 1887/T 5/3/2019
TWNHS/D 5523 Palm DR   $1,225,000 $560.13 4/2,0,1,0 2187/A 5/16/2019
SFR/D 5540 Palm DR   $1,360,000 $561.29 4/2,0,1,0 2423/P 5/17/2019
SFR/D 5240 Pacific Terrace    $1,340,000 $553.03 4/3,0,0,0 2423/A 5/21/2019
CONDO/A 5450 Strand    #402 $865,000 $572.47 2/2,0,0,0 1511/B 5/22/2019
TWNHS 5441 OCEAN    #101 $1,075,000 $526.96 3/3,0,0,0 2040/ 6/11/2019
CONDO 5550 Boardwalk DR   #105 $635,000 $552.65 1/1,0,1,0 1149/SEE 6/25/2019
SFR/A 5557 Palm DR   $1,185,000 $574.13 3/2,0,1,0 2064/A 7/2/2019
TWNHS/A 5560 Boardwalk    #105 $900,000 $552.49 3/2,0,1,0 1629/B 7/9/2019
TWNHS/A 5535 Ocean    #105 $783,000 $593.18 2/2,0,1,0 1320/A 7/16/2019
CONDO/A 5550 Strand    #107 $910,000 $545.56 3/3,0,0,0 1668/B 7/16/2019
CONDO/A 13024 Union AVE   #403 $690,000 $594.83 1/1,0,1,0 1160/A 7/24/2019
SFR/D 5254 Pacific Terrace    $1,125,000 $604.51 3/2,0,1,0 1861/P 7/24/2019
SFR/A 5225 PACIFIC TER   $1,085,000 $583.02 3/3,0,0,0 1861/A 9/3/2019
TWNHS/A 5525 Ocean    #104 $800,000 $585.22 2/2,0,1,0 1367/B 9/4/2019
TWNHS/A 13123 Park PL   #105 $780,000 $604.65 2/2,0,1,0 1290/A 9/5/2019
CONDO/A 13032 Union AVE   #303 $758,000 $530.44 2/2,0,0,0 1429/B 9/6/2019
TWNHS/A 5554 Coral DR   #108 $1,030,000 $497.58 4/4,0,0,0 2070/A 9/9/2019

Are Sales Picking Up from A Slow Summer in Three Sixty

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The real estate market in the gated community of Three Sixty seems to be picking up a bit of steam after a surprisingly slow summer, as two properties that have been available for quite a while have now both gone into escrow.  This may be a good indicator for home sellers as this may impact the sale of the remaining homes as well.  According to top 360 realtor Keith Kyle, “Three Sixty is a fickle market with buyers often waiting to see what other buyers will do.  Occasionally homes sit on the market and once one or two of them sell, it seems to motivate other buyers to pull the trigger as they think that they might miss out”

The townhome at 5565 Ocean #106 had been on the market for over 130 days before going into escrow.  The other townhome was at 5553 Coral #105 and despite quite a bit of interest and a number of offers, it also was on the market much longer than anticipated.  This home also went into escrow within a week of the home on Ocean.  As that was our listing we are a little biased but it was a great home in a very nice location and should have sold long ago.

View the current homes and condos  for sale in 360 South Bay or take a look a the recent pending sales and escrows.

 

 

 

High Inventory in Three Sixty Has Made for A Slow Summer

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What should have been a very busy real estate market in 360 was just about anything but, with some homes that would have sold quickly months earlier sitting for long periods of time.  Although there has been no clear cut reason, much of it certainly has to do with the higher inventory.  This higher inventory seemed to be coupled with an apparent lower motivation by buyers.  What’s interesting in a market like 360 is that it’s somewhat easy to guage the state of things when the same floorplans that have been sitting sold quickly just months earlier.  It seems that this might be changing with a few recent sales of homes that had been on the market for a while, but the high inventory has definitely made buyers take a wait and see approach which was drastically different from the mentality just months earlier when things all seemed to sell in the first week.

Take a look at the current active listings for sale in Three Sixty as well as the current homes in escrow in the gated community.

From Sizzle to Fizzle – The Big July Slow Down in Three Sixty

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What should be an extremely busy time in 360 South Bay seems, instead, to have come to a grinding halt. As of 7/26 there are 11 homes for sale in Three Sixty which is WAY above the norm for the past few years. We blogged not too long ago about there being 7 homes for sale (which didn’t last long) and that was more than normal. Homes on the market are often now sitting for much longer than they had been just a few weeks ago. While some of this slowdown is likely due to the prices of a few listings, some are agressively priced and still seem to be sitting.

Day on Market

At the moment there are 5 listings with at least 30 days on market which is unusual. I can speak from experience that there are still a good number of buyers looking and interest rates are still very low, so the slow down is unusual. Summer is usually a very busy time for real estate in the South Bay but somehow this summer is different.

Good for Buyers

For home buyers looking in 360 this is a pretty advantageous situation. More listings….sitting on the market…means a more balanced real estate market and the possibilty of negotiating a better price or better terms. It’s been a seller’s market for so long that the change, while likely temporary, is definitely a blessing for home buyers. For the moment the likelihood of dealing with a competitive bidding process with multiple offers isn’t likely.

If you’re looking to buy a home in Three Sixty now may be a great time. Not only are there a number of homes to choose from, but there is a great variety. Of the 11 homes for sale there are 3 single level condos in The Flats, 5 are townhomes in The Townes, The Court and The Row and 3 are single family style Terrace homes.

If you would like to receive FREE email updates the minute that a new Three Sixty listing comes on the market let us know and we’ll take care of the rest!

Current 360 South Bay Homes for Sale


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.

2019 First Half Recap – 360 South Bay Home Sales

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See below for the home sales in 360 from January 2019 through May of 2019.  See the homes that have sold, home prices, days on market and more.  It’s been an active year in this wonderful gated community with most homes not lasting on the market long.  Our newest listing at 5553 Coral Dr #105 has been getting a lot of interest and it’s not expected to be on the market long.  The median list price so far this year $1,099,000 with the median sales price at $1,075,000.

See the current homes for sale in 360

Want an even easier way to search for homes in Three Sixty?  Tell us just a bit about your ideal home and we’ll customize a search just for you and send you FREE listing alerts the moment a new home comes on the market.  Never miss a new 360 listing again!

Home Sales in Three Sixty from January through June 13th, 2019

Type Address Sold Price – List Price $ Per Foot Bed/Bath Sq Feet Year Built Date Sold
CONDO/A 13022 Central AVE #203 $765,000 – : $769,000 $571 2/2,0,0,0 1340/A 2013/ASR 3/4/2019
CONDO/A 13029 Central AVE #303 $779,000 $577 2/2,0,0,0 1350/A 2013/ASR 3/29/2019
CONDO/A 5450 Strand #202 $790,000 – : $780,000 $553 2/2,0,0,0 1429/B 2013/PUB 4/16/2019
TWNHS/A 5565 Ocean #106 $817,000 – : $899,000 $442 3/2,0,1,0 1850/A 2010/SLR 2/4/2019
CONDO/A 5450 Strand #402 $865,000 – : $849,000 $572 2/2,0,0,0 1511/B 2013/ASR 5/22/2019
TWNHS/A 12913 Mission AVE #105 $874,000 $571 2/2,0,1,0 1530/A 2014/ASR 2/26/2019
TWNHS/A 5429 Strand #103 $880,000 – : $879,000 $513 2/3,0,0,0 1714/B 2007/BLD 4/26/2019
TWNHS/A 13023 Union AVE #106 $897,000 – : $889,000 $550 2/2,0,1,0 1630/B 2014/PUB 1/18/2019
TWNHS 5441 OCEAN #101 $1,075,000 – : $1,135,000 $527 3/3,0,0,0 2040/ 2014 6/11/2019
SFR/D 5564 Palm DR $1,090,000 – : $1,099,000 $586 3/3,0,0,0 1861/A 2014/ASR 3/30/2019
TWNHS/A 5537 Strand #101 $1,125,000 $530 3/3,0,0,0 2123/B 2007/PUB 2/8/2019
SFR/D 5565 Palm DR $1,135,000 – : $1,129,000 $601 3/2,0,1,0 1887/T 2014/ASR 5/3/2019
SFR/A 5227 Pacific Terrace $1,145,000 – : $1,149,000 $555 3/1,1,1,0 2064/A 2015/ASR 3/18/2019
SFR/D 5542 Palm Drive $1,215,000 – : $1,225,000 $556 4/2,0,1,0 2187/A 2014/ASR 1/10/2019
TWNHS/D 5523 Palm DR $1,225,000 – : $1,249,000 $560 4/2,0,1,0 2187/A 2014/PUB 5/16/2019
SFR/D 5240 Pacific Terrace $1,340,000 – : $1,349,000 $553 4/3,0,0,0 2423/A 2014/ASR 5/21/2019
SFR/D 5540 Palm DR $1,360,000 – : $1,325,000 $561 4/2,0,1,0 2423/P 2014/PUB 5/17/2019

Our Newest Listing – 5553 Coral Drive #105

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**Update.  Please note that this is an older post and this home sold in 2019.   Click here to see the current homes for sale in Three Sixty South Bay

We are proud to announce the listing of this beautiful townhome in Three Sixty South Bay.   5553 Coral Drive #105 is a plan 1 in the Townes with perhaps the best location of all of the Townes units.  Offering 1,630 *square feet and an extremely flexible layout that offers several multi use rooms to work for any lifestyle.  Enter to the front door to a bright and open room perfect as a den, office, library, formal dining room or even a spare bedroom.  Just beyond be dazzled by the spacious and open kitchen with gleaming cabinetry, stainless appliances and beautiful countertops.  The kitchen island is perfect for entertaining and the rows of additional cabinets make for ample storage.  The open living room with direct access to the outdoor deck offers an abundance of natural light with large windows and the overisized room can adapt to a multitude of layouts.  The large deck offers the perfect place to sit back, relax and enjoy the cool ocean breezes.

Details

Head up the elegant staircase to dual master suites plus a spacious bonus room.  Unlike the 3 bedroom Townes units, the plan 1 offers a much larger master suite with large windows, his and her walk in closets, great light and plenty of space.  The master bathroom is a delight with dual sinks, brushed nickel fixtures, spacious shower and more.  Seperating the two bedrooms is a area perfect for tv room, play room, office, den or just about anything that fits your lifestyle.  The 2nd master suite is open and bright  with a spacious layout and walk in closet.

All of this located in Three Sixty……the premier gated community in the South Bay.  This fantastic community offers a resort lifestyle with multiple pools, spa, social area and firepit, poolside cabanas, wine room, incredible club house, parks, playgrounds, dog park, sports court and a state of the art fitness center.  The community resides in the Hollyglen area and is part of the award winning Wiseburn School District.

keithkyle

Keith Kyle


Top Producing Realtor
DRE# 01712785

310-251-2344 cell/text
Keith@KeithKyleHomes.com