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Keith Kyle

Understanding the individual real estate markets of the South Bay

09-16-08
Keith Kyle

I have many clients contact me that are interested in buying a home in the South Bay and they've often read headlines that often don't give them an accurate picture of the South Bay. The reality is that there are many individual real estate markets in the South Bay based primarily on the individual city, but often can get down to the neighborhood level. The South Bay in terms of real estate generally reaches up to parts of Inglewood in the north, Torrance and Harbor Gateway to the east and Palos Verdes to the south. What lies in between are neighborhoods that vary in just about every way. The real estate market in Gardena is incredibly different the market in nearby Manhattan Beach. Gardena has been dramatically impacted by foreclosures and a had been impacted in a very different way than the Beach Cities. Often clients will read stories that prices are down, foreclosures are up, and they can expect to pay well below market value. While this may be the case in some cities and neighborhoods, that's not the case in some others. Someone searching for distressed properties in Hermosa Beach may wait a while, while searching for distressed homes in Torrance may yield plenty of opportunities. Before you begin to search in the South Bay get a better understanding of the communities in your price range, the recent home sales, what is going on in the market, and how best to find just what you're looking for.

Some references that might help:

Let us know if we can help.

Keith Kyle - South Bay Brokers - 310-251-2344 - Keith.Kyle@SouthBayBrokers.com - www.KeithKyleHomes.com

Transferring to the LA Air Force Base?.....Hollyglen or Del Aire might be the neighborhood for you

09-11-08
Keith Kyle

I've had a number of clients over the past year contact me as they're being relocated to the LA Air Force Base and want to explore housing options before they arrive. As with many, the conversation usually starts out with their interest in Manhattan Beach, Hermosa Beach and Redondo. That is....right up until I let them know what the average home prices are in those cities. This is the "we're not in Kansas anymore" moment....or in this case it's usually Colorado.

Hollyglen

There is an alternative, however, and it's the fairly unknown neighborhoods of Hollyglen and Del Aire (see real estate map) The neighborhoods are actually located in Hawthornebut with a very different feel. Del Aire is actually quite a bit larger than Hollyglen, but for the time being I'm going to focus on the areas of the neighborhoods west of the San Diego Freeway (or 405 as you'll come to know it once living here). The neighborhoods are fairly isolated from other parts of the South Bay with the 405 on one side, the commercial facilities of Northrup Grumman and Xerox on another and Manhattan Beach to the South. This limits the access and makes for a very quiet, and peaceful area with a real neighborhood feel. The homes are primarily the original single level homes on fairly good sized lots so it doesn't feel crowded or overdeveloped like much of it's neighbors. Homes generally start in the low $500K range and most have been nicely upgraded over the years, with some occasional "fixers" coming onto the market. It is ideally located near the LA Airforce Base, just a short drive to the beach, close to freeway access and much closer to downtown and the Westside than the rest of the South Bay. Hollyglen and Del Aire are fortunate enough to have their own award winning school system known as Wiseburn making it an even better family neighborhood.

If you're moving to the South Bay keep in mind the charming neighborhoods of Hollyglen and Del Aire.

Some additional resources.

Contact us for more information: Keith Kyle - Realtor, e-Pro - South Bay Brokers 2501 N Sepulveda Blvd Manhattan Beach, CA 90266 - 310-251-2344 - Keith.Kyle@SouthBayBrokers.com

For real estate information, open houses, and FREE MLS access visit www.KeithKyleHomes.com