We’ve seen two 360 South Bay homes close escrow thus far in October and the first was a plan 2 layout in the Court townhomes. We
reported back when this was listed that it would be in interesting test as to where the market could go. At the time it was priced well above the previous sale of the same layout. Not only did it not struggle with the list price, but actually sold well above the list price. The home closed escrow at a VERY impressive $1,180,000. The previous sale 5440 Pacific Terrace was priced at $1,o25,000 and wasn’t as nice….but was in a better location. The home at 5351 Ocean sold at a pretty stunning $1,180,000. The home was beautifully updated and upgraded, however, and really has a different look and feel than the original builds. The plan 2 is a popular layout as it has 3 bedrooms each with it’s own bath….and one of them is on the ground floor. The second floor offers all of the living spaces and as there are no bedrooms on this level the room is expansive. The residence 2 layout in the Courts offers between 1,860 and 1,978 square feet (buyer to verify). This home is near the entrance of the community so it is impacted a bit by road noise. Generally speaking the homes in this side of 360 usally sell at a premium price. 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.
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5351 Ocean # 102 – Listed for $1,150,000 & Sold for $1,180,000
Listing courtesy of John McClintock – Strand Realty Advisors
$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.