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ellisposner
Hermosa Beach CA
Call me at 310 975 5139
Interests: My passion is Real Estate. It is far more than just a career for me. I enjoy helping people complete successful transactions. What I try to do in this blog is share useful tips, listings and anything else real estate related that may be of value to my clients, co-workers, associates and the community at large. Peace
Recent Activity
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Ellis Posner Sells Redondo Beach Real Estate There's a reason that many public facing websites identify me as one of the top Realtors in Redondo Beach CA for both Buyers and Sellers and it's not only because I sell a lot of properties in 90277-90278. I'm able to drive results whatever side of the transaction I'm on and make sure that my client's interests are protected throughout. Here's a few of my most recent transactions. JUST LISTED: 121 S Helberta Ave Unit A Redondo Beach 90277 Detached oversized front unit with a unique floor plan you haven't seen before: family room, living room, formal dining room, center island kitchen, loft, 3 bedrooms, bonus room, 3 decks and an ocean peek. Use the space in any variety of ways. The downstairs bonus room which opens to the front garden can be your workout room or just a quiet retreat. The upstairs... Continue reading
Posted yesterday at Ellis Posner Real Estate
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Just Listed 121 S Helberta in South Redondo Beach CA Detached oversized front unit with a unique floor plan you haven't seen before: family room, living room, formal dining room, center island kitchen, loft, 3 bedrooms, bonus room, 3 decks and an ocean peek. Use the space in any variety of ways. The downstairs bonus room which opens to the front garden can be your workout room or just a quiet retreat. The upstairs loft is perfect for a home office or meditation space. The soaring 2 story ceiling of the great room leading out to a balcony is the perfect space for entertaining or enjoying some quiet time in front of the fireplace. You will not find anything else at this price point like this completely detached 2 on a lot in prime location at the top of a quiet tree lined street less than a mile to the... Continue reading
Posted yesterday at Redondo Beach Real Estate
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There's a lot of real estate data and news on the internet these days and much of it can be misleading at best. One of the stats I see floating around is that pending sales are down. Not sure exactly why that is news because with inventory down in many areas it only follows that pending sales are also down. What is also getting people confused is that in the midst of all this, prices continue to go higher. That's also a function of more buyers chasing fewer listings. So yes, on a national or regional basis we may see new open escrows and overall sales volume falling off which in a normal market would indicate a softening. But in this market it just means we are resetting expectations as to number of units sold. That being said, South Redondo Beach had a great sales month in August finishing with... Continue reading
Posted Sep 27, 2017 at Redondo Beach Real Estate
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2004 Farrell Av # B, Redondo Beach 90278 A few years ago I pretty much committed to never launching a vacant listing or one needing painting, carpet, and some work done. Almost all of my listings had a very clean, pristine look and photographed well. My mantra has been presentation, presentation, presentation. Then along came 2004 Farrell and everything changed. For reasons I won't get into here, we just didn't have the opportunity to get the staging and work done. This property did not show well (see below). Surprisingly though, the home inspection was nowhere near as bad as expected. In fact, other better looking homes I've sold had more problems. Yes, there was a lot of deferred maintenance and systems at end of life but with one exception (that may turn out to be nothing) this one just needs a coat of paint, some new flooring and a bunch... Continue reading
Posted Sep 23, 2017 at Redondo Beach Real Estate
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634 9th St, Hermosa Beach CA 90254 My buyer clients just opened escrow on 634 9th St in Hermosa Beach. This situation is the quintessential example of some advice I give to clients. For sellers, don't start at too high of a price and then chase the market down. For Buyers, don't just get hung up on looking at the latest listings. See what has been lingering on the market because that's more likely where you will find a deal. All I'll say for now is that the property is in escrow for less than the last MLS asking price of $1,699,000. As for how much less, I'll let you know when it closes. The property is listed at 2920 Sq Ft and has nice architectural touches plus ocean views and a great location west of PCH. Plus A/C and some extra off street parking. Here's how the listing agent... Continue reading
Posted Sep 23, 2017 at Ellis Posner Real Estate
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417 Paseo de la Playa, Redondo Beach 90277 MLS PV17206016 The most expensive residential property ever sold in Redondo Beach went for $6.5M in 2012 and was actually sold as part of a bankruptcy proceeding. The next highest priced sale was $6.35M in 2015. After that we have $5,920,000, 2 others at $5.3M and then we're into the $4Ms with 7 sales, and then there are 21 sales over the years in the $3M range. t least as recorded in the MLS, not counting "off market" and private sales. Now we have a Paseo de la Playa listing at $25M and yes it is a very unique property but bear in mind that the top 4 sales ever recorded in Redondo Beach total $24.07M. And for good measure let's throw in that the top sale ever in Manhattan Beach was $21M. Hermosa Beach tops out at $15M. Highest price I... Continue reading
Posted Sep 10, 2017 at Redondo Beach Real Estate
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JUST LISTED IN HERMOSA BEACH 1630 Monterey Bl, Hermosa Beach 90254 MLS SB17207841 Have it all in the heart of Hermosa Beach on an oversized lot with 4 bedrooms (each with their own ensuite bathroom), a lower level media room that opens to a grassy backyard featuring a 25' wide waterfall that cascades over a natural stone wall. The top floor is where life happens in a beautifully equipped gourmet kitchen with 5 skylights that pour sunshine in from above and opens to the great room with ocean views. From the great room step out to the large west facing deck through any of the 3 sets of french doors to enjoy the ocean views and breeze. This home has speakers throughout, central AC, Vantage lighting system, closed circuit security system, 2 fireplaces, 5 balconies, 3 stop elevator, parking for 8+ cars, huge rooftop deck with Malibu to Catalina views...just... Continue reading
Posted Sep 8, 2017 at Hermosa Beach Real Estate
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My Buyer clients recently closed escrow on an over size SFR on Avenue D in South Redondo Beach for $1,851,000. This transaction is a good example of no deal is easy and how easy it is for transactions to get off track as they get more complex. Its also a great example of how a few times a year I am fortunate enough to meet clients with incredible positive energy committed to making things happen no matter what. I'm going to discuss a lot of parts of this one and we'll take a look at relocations sales, contingent sales, contingencies, buyer defaults, special recordings and more. All in all a great example of why experience counts. 1021 Avenue D Redondo Beach CA MLS OC17159660 My Buyer clients had a number of specific requirements. After driving around and looking at a number of listings I had put on the tour, they... Continue reading
Posted Sep 8, 2017 at Ellis Posner Real Estate
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Redondo Beach Esplanade Real Estate Listings As you go south of the Redondo Beach Pier the westernmost street running along the ocean is The Esplanade. Unlike the Strand in Manhattan Beach and Hermosa Beach, there are still affordable ocean view properties on the Esplanade. But, not all properties have ocean views with many of the homes on the east side of the street being blocked the further north you go. On the flip side you don't have hundreds of people walking past your home as the beach sits further down from street level. The following are some of my favorite currently active listings on the Redondo Beach Esplanade. 1000 Esplanade # A, Redondo Beach 90277 MLS SB17088225 Enjoy a coastal contemporary lifestyle in this 1,828 sf, 2 bedroom 2.5 bathroom, luxurious ocean front condo, Unit A. The open floor plan, tall ceilings, and wide corridors maximize the ocean views and... Continue reading
Posted Aug 23, 2017 at Redondo Beach Real Estate
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Although I usually spend most of my blogging time looking at hyper local markets and then drilling down even further, sometimes I like to stick my head up and see what's going on nationally. At the end of the day there is more than just a passing correlation. According to the recently released National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index, builder confidence is back on the rise after some concern over construction labor problems in the last report. The index rose 4 points from its July reading to 68, beating analysts’ consensus predictions of 65. “The fact that builder confidence has returned to the healthy levels we saw this spring is consistent with our forecast for a gradual strengthening in the housing market,” said NAHB Chief Economist Robert Dietz. “GDP growth improved in the second quarter, which helped sustain housing demand. However, builders continue to... Continue reading
Posted Aug 21, 2017 at Ellis Posner Real Estate
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ELLIS POSNER SELLS REDONDO BEACH There's a reason that Zillow and other sites consistently rate me as one of the top Real Estate agents in Redondo Beach: I sell a lot of properties there representing both Buyers and Sellers. And I have a lot of reviews. It's that simple. My listing at 1733 Aviation just closed escrow. The property is located right at the corner of Artesia Blvd and Aviation Blvd and we knew that the main challenge would be to get people in. The unit itself was very well maintained and not anywhere as loud as you might expect based on the location. Here's how I described it in the MLS: "Don't miss out on this beautiful end unit townhome situated in the rear of a private gated Mediterranean style complex located at the border of Redondo Beach and Manhattan Beach. Flexible 3 bedroom floorplan with two bedrooms including... Continue reading
Posted Aug 18, 2017 at Ellis Posner Real Estate
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2824 Hermosa Av, Hermosa Beach CA 90254: MLS SB17058726 Brand New Development by ROC Ventures: A Stunning Coastal Farmhouse with a few modern twists. Built by RJ Smith with interior designs by Kate Lester, this 4,600 Sq Ft custom ocean view home has raised the standards of Hermosa Beach constructoin. From the moment you enter the home through the 8-foot Mahogany pivoting door you notice the attention to detail - Limestone Chevron Pattern Flooring, Ship Lap Siding, 7-inch white Oak Hardwood Floors with Custom Stain Color, Ann Sacks tile, Waterworks Plumbing Fixtures, Ashley Norton Door Hardware, Antique Pendant Lighting, Wolfe and Sub-Zero Appliances, 3 Stop Elevator, A Custom Lighting System, High Velocity Heating and AC, Lutron Shades, Vantage Lighting System, Nest Thermostat Controls and all controlled by an Apple based easy to use Savant Home System. This home has everything and more you would expect from a custom home, including... Continue reading
Posted Aug 16, 2017 at Hermosa Beach Real Estate
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Imagine my surprise when I showed up for a Teles management meeting to hear from the CEO that the firm had entered into an agreement to be acquired by Douglas Elliman out of NYC. It was one of the few times I was relatively speechless, but not for long. Truthfully, in some ways I consider myself to be "OE" as in original Elliman being very familiar with the brand having grown up in NYC. Maybe even the first real estate brand I was exposed to. Then and now they had a predominant market share in Manhattan. Here's how all this was rolled out to the public. There's more but of course nothing I can say publicly here at this time. "Douglas Elliman announced today that it will buy Los Angeles-based brokerage Teles Properties, making Douglas Elliman the second largest non-franchise brokerage firm in California. The deal, expected to close in... Continue reading
Posted Aug 1, 2017 at Ellis Posner Real Estate
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One of the hottest neighborhoods right now is ThreeSixty at South Bay. This is a desirable gated community with amazing amenities including numerous pools (lap pool, plunge pool and spa pool), a high-tech fitness center, a BBQ area, sport court, pool/cabanas with spa tub, a peaceful Zen garden, a newly designed dog park and a children's playground. The community is pet friendly and the homes are new and affordable. At least by LA standards. Its an overused phrase but this is truly resort living. My buyer client just had an offer accepted on one of the best 2 bedroom floorplans located in a great location overlooking the pool and community center. 5419 Strand Unit 103 is a 2 bedroom that is move-in ready with nice tree, pool and cabana views. This unit is south facing and has a sunny open floor plan with elegant finishes. The chefs kitchen has top... Continue reading
Posted Jul 26, 2017 at Ellis Posner Real Estate
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Do Open Houses Sell Listings? Five years ago I would have told you that Open Houses are a great venue for Listing Agents to meet new buyer prospects but not that useful for Sellers. Scratch that. Because of the persistent low inventory, Open Houses have become a crucial part of the sales process and should be a key component of any listing agent's marketing strategy. While this might seem somewhat counter intuitive in the age of the mobile app, Real Estate is still a very physical business in the aspect of you have to go out and see properties in person. Really. Over the years I have held hundreds of Open Houses and attended many more with my Buyer clients. I've met 1000's of people at opens. Surprisingly, after all these years, the 3 most common questions I receive are: How long has it been on the market? Why are... Continue reading
Posted Jul 18, 2017 at Redondo Beach Real Estate
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For 62 straight months, Southern California home prices have gone in one direction. Up. In the South Bay, the median price of a single-family home topped $1.1 million in May, according to the South Bay Association of Realtors. That’s a 15 percent increase from one year ago, when the average hit $1 million for the first time since the association began tracking such records, and a 25.6 percent increase from May 2015. The average price of a town house or condominium in the South Bay went up 10 percent to $733,224 this May compared with last, according to the association. Five years ago, you could snatch up a median-priced condo in Orange and Los Angeles counties for about $280,000, 76 percent less than today’s prices. A median-priced house cost $323,000 in L.A. County five years ago, about $260,000 less than today’s prices. That was then. What should a buyer do... Continue reading
Posted Jul 18, 2017 at Ellis Posner Real Estate
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1733 Aviation Blvd | Golden Hills Townhome Over the past 18 months the Redondo Beach Golden Hills located in North Redondo Beach has been one of the hottest neighborhoods with rapid price escalation. The area is comprised mostly of Single Family Residences and many of them on rather small 2500 Sq Ft lots. The typical house that sold for $900K-$1M just 18-24 months ago might fetch $1,250,000 in the current market. Really. Unlike other North Redondo Beach neighborhoods there are very few Townhomes particularly in the "Golden Triangle" neighborhood near the border of Manhattan and Hermosa Beach. I have a new listing coming out on July 12 at 1733 Aviation Blvd. Don't be fooled by the address, this is a quiet rear unit. Beautiful end unit situated in the rear of a private gated Mediterranean style Townhome complex located at the border of Redondo and Manhattan Beach: Aviation Villas. Flexible... Continue reading
Posted Jul 9, 2017 at Redondo Beach Real Estate
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Playa Vista CA Market Update June 2017 With half of 2017 now in the books let's take a look at how the Real Estate Market is doing at ground zero of Silicon Beach: Playa Vista 90094. Data is directly from the MLS and does not include off market or builder sales. Year to Date 2017 sales 69 homes Prices range $649,000 to $3,000,000 Median Price $992,888 Average Price $1,256,047 Average Days on Market 45 40 homes Sold under 30 days 11 homes sold in over 100 days 24 homes sold over the asking price During June there were 13 sales ranging in price from a low of $860K up to $2M. The average price was $1,307,353 and the median was $1,108,000. Additionally 7 listings sold for over the asking price and 2 at list price with only 4 going for less than listed. Average days on market was 26 and... Continue reading
Posted Jul 4, 2017 at Ellis Posner Real Estate
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Ellis Posner Sells Redondo Beach Real Estate So if you ask me who is the best Real Estate Agent in Redondo Beach of course I am going to say yours truly. I'm sure you wouldn't expect anything less. Actually Zillow has come to the same conclusion and often rates me number one in a number of their ranking categories (most reviews, sales, listings, etc). Over the past 6 months I have had 6 closed sales in Redondo Beach: 4 listings and 2 buyer sales. Here's some of the many reasons people rate me so favorably on their reviews other than my amazing customer service. My listings sell quickly over the asking price, quickly and with multiple offers. My Buyers pay less than the list price. So basically whichever side of the transaction you are on, I'm making something special happen. Here's the case studies. 2117 Huntington Lane Unit A I... Continue reading
Posted Jul 1, 2017 at Redondo Beach Real Estate
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1925 Beach Dr, Hermosa Beach 90254 MLS SB17099503 Contemporary masterpiece designed By Daryl Olesinski, built by Fritz, photographed by Julius Schulman and published internationally. Corner lot one door from beach, on more land than two interior Strand lots, with 117' of frontage on Beach Drive and 45' on 20th walkstreet. Ocean views, instant beach access, and much more private and quiet than The Strand. Telescoping doors, sustainable mahogany and ironwood, 9' to 11' ceilings, radiant heated terrazzo floors, one piece wraparound stainless sink and counter, poured in place fireplaces and walls, 10' operable central skylight, ventilated basement with 9' ceiling, 4 decks, 4 fireplaces, master with unblockable view, dry sauna, steam sauna, guesthouse (3rd bed) with kitchen and full bath, semi-covered roof deck with fireplace (a la Kaufman house) and state of the art water filtration. Big (for Hermosa) grass yard with solid granite fire pit, solar heated pool and... Continue reading
Posted Jul 1, 2017 at Hermosa Beach Real Estate
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New Construction Homes in South Redondo Beach While we've seen a constant flow of new construction in North Redondo Beach, South Redondo hasn't had the same flow. Until recently. As of this writing there are 13 properties for sale built in 2017 with another 4 in escrow. Year to date through almost 6 months there have been 7 closed sales of new homes. Let's take a deeper dive into all this. Closed Sales 2017 New Construction Seven homes closed sales priced from $1,420,000 up to $2,850,000. Six of the seven were attached or detached Townhomes and sold under $2M. The one Single Family Residence sold for the highest price and was considerably larger than the Townhomes. Taken as an entirety, the median price was $1,550,000. If we just look at the Townhomes the median was $1,507,500 and the average sales price was $1,562,167. Homes were on the market an average... Continue reading
Posted Jun 24, 2017 at Redondo Beach Real Estate
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1921 Power St, Hermosa Beach 90254 MLS SB17135628 Estate size house and amenities is not something that typically comes to mind when you think of Hermosa Beach. "Situated on a secluded 13,135 sf lot tucked away from the main street in the Sleepy Hollow area, this is a place where one can truly step away from it all into a personal retreat intended to allow one to recharge the mindset and enjoy quality time. A formal living room features vaulted, open beam wood ceilings. Thoughtfully planned for an effortless cooking experience, the custom kitchen offers unexpected custom features such as stacked freezer drawers, a home management filing system, and a conveniently hidden butcher's block. From the glass faced Sub Zero refrigerator to the impressive 6 burner Wolf range with dual ovens, to the deep, stainless apron sink in the center island, this kitchen beckons all who appreciate the fine art... Continue reading
Posted Jun 23, 2017 at Hermosa Beach Real Estate
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Four new construction homes just hit the market in Hermosa Beach CA. Two are detached townhomes and two are Single Family Residences. The two townhomes are in the Hermosa Beach Sand Section and the SFRs are in East Hermosa (also known as the Hermosa Hills). For a private showing of any of these homes contact Ellis Posner at 310 975 5139. 1635 Palm Dr, Hermosa Beach 90254 MLS SB17135203 This unique Hermosa Beach Sand Section home (pictured above) features 60 feet of ocean-facing frontage exploiting an east-west orientation that includes a top floor of panoramic views that stretch across the kitchen and bar area to the dining room and lounge areas. In the midst of this space is a leisured, open-air lounge where sliding glass panels merge with the indoors. Featuring 4 bedrooms, 3.5 bathrooms and 3219 Sq Ft of luxury living space, and richly colored wood, concrete, bronze anodized... Continue reading
Posted Jun 15, 2017 at Hermosa Beach Real Estate
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May 2017 Hermosa Beach Sales Overview There were 22 closed sales during May 2017 in Hermosa Beach CA. This is above the run rate of the Q1 which was 18 closings per month and brings the year to date run total up to 77 sales, a scant 15 per month. Scroll down to view all the sales in Hermosa beach during May including full descriptions and pictures. By comparison year to date there have been 167 sales in Manhattan Beach, 135 in South Redondo Beach, and 189 in North Redondo Beach which is by far the hottest zip code in the Beach Cities. May Quick Stats Average Sales Price $3,006,651 Median Sales Price $1,737,500 Average Days on Market 40 Prices Ranged from $870,000 to $14,150,000 8 properties sold at or above the MLS list price 15 sales in the Sand Section 3 sales Hermosa Valley 4 sales East Hermosa Beach... Continue reading
Posted Jun 8, 2017 at Hermosa Beach Real Estate
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Are Sales Softening, Prices Going Up or Both? May 2017 sales are in the books and South Redondo Beach homes homes sold at a faster pace than in April but certainly are not moving as quickly as North Redondo Beach. Scroll down to see all the listings that sold in South Redondo Beach during May including pictures. Year to date through 5 full months, South Redondo has seen 135 closings. In the same timeframe last year we saw 162 properties sold and May 2016 logged 38 sales in 90277. So are we seeing a softening of the market in South Redondo? Let's take a deeper dive before we start writing headlines screaming that sales are down 14-17%. Here's some quick stats for May: Total Sales 33 Lowest Price $400,000 Highest Price $2,250,000 Average Sales Price $1,271,182 up from $1,191,00 in April Median Sales Price $1,286,500 up from $1,245,000 Average Days... Continue reading
Posted Jun 6, 2017 at Redondo Beach Real Estate