Three Sixty At South Bay

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

This Is No Longer The Market for Restrictive Showing Instructions

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The way the real estate market has been over the past few years, sellers could pretty much call all of the shots.  From pricing too high, to360 open houses really limiting the showings……buyers would still flock to put in an offer.  At the moment things have shifted and it’s imperative for sellers to make it as easy to show as possible….and important for listing agents to stress that point.  We’ve seen a number of homes sit on the market for quite a while in the recent months with others reducing their prices and some eventually pullled off of the market and one common theme seems to be that they are not easy to go and see.

Whether it’s requiring buyers to provide a preapproval letter or proof of funds to gain access, or requiring 24 hour notice, sellers needing the listing agents to be present, or no open houses….it just dramatically limits the number of buyers seeing the home and potentially having interest.

In the market of 6 months ago sellers could get away with this, but that no longer seems to be the case.  Sellers need to understand that limiting the traffic through a home on the market may likely lead to very few people seeing it.

I’ve worked with many a seller that think open houses are only for “lookie loos” and every prospective showing needs proof that they are viable…..that’s all fine and good but the bottom line is that the easier it is to show the more likely it is to sell.

Here’s the Latest 360 Real Estate Market Update as of 5/12

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Here’s just a brief overview of what’s been happening in Three Sixty since the beginning of the year. The market was very favorable to sellers at the beginning of the year with very few listings available and strong demand. Almost every home that hit the market went into escrow quickly. That’s now changed with the impacts of the coronavirus. At the moment there are 7 homes on the market with 2 homes in escrow.

View the current homes for sale in Three Sixty

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.