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 listed 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/A||12920||Central AVE #404||$1,050,000||$667||2/2,0,0,0||1574/AP|
|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||12921||Union AVE #107||$1,400,000||$664||4/4,0,0,0||2106/B||2/17/2023|