Three Sixty At South Bay

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

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.

Two Listings from 2018 That Shows Just How Crazy Real Estate Can Be

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Buyers and sellers rely on realtors to help them determine a homes value and strategies when pricing.  While this is a large part of what we do and what we offer….it isn’t always as simple as it sounds.   “Market Value” basically fluctuates with each sale….sellers generally think their home is worth more than the last sale and buyers generally think the opposite.

Every once in a while certain listings come along that really wreak havoc on what values are and how they are perceived by buyer and sellers.  It’s challenging to explain to a seller that their home isn’t the same as the last sale of the same floorplan….maybe it’s location, maybe it’s upgrades and sometimes it’s just the lucky situation of a buyer simply wanting it and throwing “market value” right out the window.  While things like upgrades, location and condition definitely make a difference…..sometimes things just don’t make sense.

The listings below are the perfect example of why sale prices don’t always reflect what the market value of a home is.  In the summer of 2018 two Townes residence 3x homes sold within 2 months of each other.   Although these homes are fairly rare to market the median price at the time would have been a little over $1,000,000.  One of them was most definitely nicer than the other….it had been a model home, was slightly larger, was more upgraded and was a corner unit.  The other was a very challenging sale involving a bankruptcy and the uncertainty that goes along with that.  It was pretty basic and was definitely not a model home.  Having said that they were the same layout at the same time on the market.

One sold way over value at $1,206,000 and the other sold under value at $899,000.  That’s one heck of a difference.  It goes to show you why you can’t necessarily base value, whether you’re buying a home or selling a home, just on the last sale in the community.

Update on the 360 Condo Market

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Although the market is a bit slower at the moment, one element that hasn’t slowed is the condos in the Flats.  We haven’t seen many condos on the market in 2019 but the last 2 were only on the market for 8 and 5 days respectively.  Prices have been fairly steady ranging between $765,000 – $795,000 depending on the floorplan, layout and location.  Visit our Three Sixty recent sales page for the latest updated information.

See the current homes on the market in 360 South Bay

Recent Sales in the One Level Condos in The Flats

**this post is older…for an updated list of recent closed escrows see our recent 360 home sales page.

 

Three Sixty South Bay Real Estate Resources

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Information to help you get started in the gated community of Three Sixty.  Whether you’re thinking of buying a home in 360 or want to get the value of your home in the community, you’ve come to the right place.

Real Estate Resources for Three Sixty Buyers and Sellers

homes for sale in Three Sixty South Bay
Search for homes in gated Three Sixty
what is your home in Three Sixty worth
recent home sales in Three Sixty South Bay
community amenities in Three Sixty South Bay
Freestanding Terrace homes in Three Sixty
townhomes for sale in Three Sixty South Bay
single level condos in the Flats at Three Sixty

New 2 Bedroom Condo in The “Flats” Hits the Market

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**Update this home sold on 3/29/19 for full price at $779,000 but check the current homes for sale in 360 for other possibilities and the active MLS listings.

As of 2/2619 we now have 4 homes for sale in 360 South Bay with another few coming in the near future.  The latest listing is a 2 bedroom, one level condo in the Flats located at 13029 Central Ave # 303. This is a beautiful residence 3 floorplan with approximately 1,350 square feet (builder specs show 1,424)*.

Although it has somewhat of an interior location with views overlooking some of the other Flats buildings, the 3rd floor location puts you well above street level with a bit of a view. The unit was nicely upgraded when purchased originally with hardwood floors, granite counters, and stainless appliances.  This condo also features a nice deck, 2 car tandem garage and as with every unit in 360…the home also enjoys central air conditioning.  The home is listed with Charles Fisher of Re/Max Estate Properties

Contact us for more information or to set up a private showing.

Currently 3 Very Different Layouts for Sale in 360 South Bay

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**See updated information on the current 360 South Bay homes for sale**As of this post (2/23) there are three active homes for sale in 360 South Bay.  That’s not all that uncommon but the current listings are all quite a bit different.  Here’s what we currently have:

    • 5550 Boardwalk Dr  Unit#105 – This 1 bedroom is in the Lofts which is very rare.  The builder decided not to build more than one of the “Lofts” buildings so there are only a few units and they are, by far, the most unique in the complex.  This unit is currently listed at $695,000 and offers 1 loft style bedroom, 1 1/2 baths and approximately 1,149 square feet*.  HOA dues for the unit are $350 a month*  and is listed with Shoshana Shamoeil with SGE Real Estate.  Ironically another very similar unit, which is again very rare to see, just recently sold at $690,000
    • The newest listing is at 5441 Ocean Dr #101 and is a corner unit in the “Row”.  With high ceilings and a balcony, this residence 3  floorplan offers a very different feel from most of the middle units in the row.  Featuring 2,040 square feet* with 3 beds and 3 baths the home is currently listed at $1,099,000.  HOA fees for this unit are $421 a month* and is listed with David Brizendine of Compass.
    • The third home currently on the market is a single family style home in the “Terraces” at 5240 Pacific Terrace.  This freestanding home offers 4 bedrooms, 3 baths, and is one of the largest layouts in the Terraces with 2,423 square feet*  HOA dues for the home are currently $204 a month*.  Home is listed with Latasha O’Keith of Lamarc Realty

Current homes for sale in Three Sixty at South Bay


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.

*Information deemed reliable but not guaranteed.  All information to be verified.