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 | 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 |
into an abundance.
market. This latest singl level condo is a residence 2 floorplan in the Flats located at 13028 Central Avenue # 201 priced at $1,025,000.** 6 months ago we would have said the list price of $1,025,000 was unheard of for a 2nd floor unit but given the abundance of recent record breaking sales this may now be very appropriately priced and likely to sell quickly.
market. This is an always
often. 