With the very limited number of homes for sale lately it’s very exciting anytime a home hits the market these days. This is a fairly rare one bedroom home in the Flats of 360 South Bay (only the Flats have one bedroom units) priced at $615,000. The second floor condo offers 1 bedroom and 1 bath and a fairly spacious (for one bedroom) 957 square feet (approx). Enjoy all of the fantastic amenities of this gated community including the beautiful fitness center, incredible resort like pool and spa deck, bbq areas, dog park, sports court, clubhouse and more.
We’ve beeen writing a lot lately about how low housing inventory has been in 360 with almost no homes for sale since the beginning of the year. Maybe this new 2 bedroom unit at 13032 Union will be the catalyst for change. This is a 2nd floor single level condo with approximately 1,429 square feet and is priced at $775,000 so we don’t anticipate it lasting very long. Contact us for more information or to set up a private showing.
13023 Union #201 in Three Sixty South Bay
**The listings above may be represented by other realtors. We are providing this information as a service to our clients. Keith Kyle is a top producing realtor with Vista Sotheby’s International Realty and a Three Sixty South Bay real estate specialist.
2019 was a big year for home sales and prices in 360 South Bay. There were 43 homes that sold during the year with a median list price of $899,000 and a median sold price of $897,000 indicating a pretty solid seller’s market. The market did seem to slow a bit in the second half of the year with homes sitting on the market for longer than in the first 6 months. The average days on market from January – June was 27 and the average days on market from July – December was 30. While this doesn’t sound like much a few homes stayed on the market for several months prior to selling.
12 of the homes were single family style Terrace homes with a median list price of $1,195,000 and a median sold price of $1,185,000. 19 of the properties were townhomes that were listed at a median price of $899,000 and a median sale price of $897,000. The remaining 12 units were single level condos in The Flats. These homes had a median list price of $779,500 with a median sale price of $784,000.
2019 Home Sales in 360 South Bay
|Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Sold Date|
|TWNHS/A||13023||Union AVE #106||$897,000||$550||2/2,0,1,0||1630/B||1/18/2019|
|TWNHS/A||12913||Mission AVE #105||$874,000||$571||2/2,0,1,0||1530/A||2/26/2019|
|CONDO/A||13022||Central AVE #203||$765,000||$571||2/2,0,0,0||1340/A||3/4/2019|
|CONDO/A||13029||Central AVE #303||$779,000||$577||2/2,0,0,0||1350/A||3/29/2019|
|CONDO||5550||Boardwalk DR #105||$635,000||$553||1/1,0,1,0||1149/SEE||6/25/2019|
|CONDO/A||13024||Union AVE #403||$690,000||$595||1/1,0,1,0||1160/A||7/24/2019|
|TWNHS/A||13123||Park PL #105||$780,000||$605||2/2,0,1,0||1290/A||9/5/2019|
|CONDO/A||13032||Union AVE #303||$758,000||$530||2/2,0,0,0||1429/B||9/6/2019|
|TWNHS/A||5554||Coral DR #108||$1,030,000||$498||4/4,0,0,0||2070/A||9/9/2019|
|CONDO/A||13022||Central AVE #403||$690,000||$522||1/1,0,1,0||1323/B||9/17/2019|
|CONDO/A||13022||Central AVE #402||$850,000||$549||2/2,0,0,0||1548/P||9/25/2019|
|TWNHS/A||5553||Coral DR #105||$875,000||$537||2/3,0,0,0||1630/B||10/10/2019|
|CONDO||13021||CENTRAL AVE #202||$789,000||$477||2/2,0,0,0||1654/B||10/18/2019|
|CONDO/A||12915||Park Place AVE #302||$810,000||$523||2/2,0,0,0||1550/P||10/25/2019|
|CONDO/A||13022||Central AVE #304||$789,000||$503||2/2,0,0,0||1570/A||11/25/2019|
|TWNHS/A||5360||Pacific Terrace #102||$1,225,000||$449||3/3,0,1,0||2730/A||12/4/2019|
We’re recently been contacted regarding a 4th floor condo for sale in the Flats. Located at 12917 Central Ave # 402 this is a beautiful 2 bedroom 2 bath single level condo with approximately 1,548 square feet.
It is not on the market, but anticipated listng dates around the beginning of 2020. According to the listing agent they would consider selling prior. Contact us for more information or to set up a private showing for qualified buyers.
- Pricing: Call or email for information
- Plan 8 in the Flats – largest square footage in the Flats
- Top floor, single level, elevator access
- 1,548 square feet
- 2 bedrooms, 2 bathrooms
- 2 car garage
- Resort like amenities
- Last sold 2/7/18 for $830,000
Listing provided by Ron Werner of Vista Sotheby’s International Realty
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.