Three Sixty At South Bay

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

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.

 

 

 

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.