Three Sixty At South Bay

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

How Did Home Sales in Three Sixty Compare with Prior Years

by

Welcome to the 2023 year end recap for the real estate market in the gated community of Three Sixty. 2023 ended up as a VERY slow year for the number of homes that sold with only 13 closed sales during the year.  Compare that to 29 in 2022 or the peak year of 2017 with 65 sold homes and you can see just how slow it was.

That said it was still a great year for sellers with home prices near peak levels.  The average sold price was $1,094,846 which was just slightly off of the 2022 numbers.  Homes stayed on the market a bit longer as well with a few of the homes that sold at the end of the year sitting on the market for a while skewing the overall numbers.

Take a look at the currnt home sof sale in Three Sixty or visit our recent home sales page to see all of the homes, townhomes and condos that have sold in the past few months.
Three Sixty South Bay 2023 real estate market comparison

2023 A Slow Year for Home Sales in Three Sixty

by

It’s proving to be a slow year for home sales in Three Sixty.  Interest rates may be partially to blame but most of the homes that get listed5550 Boardwalk Hawthorne - Loft homes in Three Sixty are selling so it’s really more a matter of owners just not listing their homes.  Interest rates may play more a role in that capacity as Three Sixty owners that might be looking to buy elsewhere don’t want to take on the bigger mortage payments if they trade out.

So far in 2023 (as of 7/19) there have only been 6 closed escrows in Three Sixty.  We’re more than half way through the year and at the same date in 2022 there had been 18 sold homes in the community.  What makes it a bit more unusual is that the lack of homes for sale isn’t necessarily translating to a frenzy when homes are listed.  Most homes lately have seen price reductions and several have taken quite a while to sell.

Here’s the latest real estate info for Three Sixty South Bay in 2023

Active Address Price $ Per Sq Ft Bed Bath Sq Feet
CONDO/A 13032 Union AVE #401 $875,000 $705 1/1,0,1,0 1240/A
CONDO 5441 Ocean #107 $1,340,000 $656 3/3,0,0,0 2040/A
In Escrow
TWNHS/A 5441 Ocean #101 $1,375,000 $674 3/3,0,0,0
CONDO/A 12920 Central AVE #404 $1,050,000 $667 2/2,0,0,0 1574/AP
Sold Sold Date
TWNHS/A 5451 Ocean #105 $950,000 $650 2/2,0,1,0 1460/A 2/6/2023
CONDO/A 12823 Manhattan CT #104 $960,000 $657 2/2,0,1,0 1460/A 3/7/2023
CONDO/A 12922 Union AVE #302 $975,000 $621 2/2,0,0,0 1570/A 6/21/2023
TWNHS/A 5331 Ocean #106 $1,275,000 $657 3/2,0,1,0 1940/B 6/21/2023
TWNHS/A 12921 Union AVE #107 $1,400,000 $664 4/4,0,0,0 2106/B 2/17/2023
TWNHS/D 5237 Pacific Terrace $1,560,000 $755 4/2,0,1,0 2064/P 4/14/2023