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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 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 3 minutes ago 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 2 days ago 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
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Full Disclosure - I Never Watched HGTV Until Recently Really. Never watched it until very recently. What I have done is help hundreds of Buyers and Sellers actually do transactions, preview thousands of properties, go on endless inspections, meet with appraisers, contractors, and everyone else in the process. But HGTV, no. It could be that maybe I'm the only one I know who wasn't watching it but I'm watching it now. Why? I realize that just as all most of my clients are addicted to Zillow, or at least for the time they are buying or selling a home, they are also consuming tons of content from this channel. My attitude about all this is the same as how I view Zillow and other portal websites that offer listings, AVMs, advice and more. It has a purpose and place but there's just enough data points out there on the Internet... Continue reading
Posted May 28, 2017 at Ellis Posner Real Estate
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Redondo Beach Market Update Whether you are are Buyer or Seller, the big news is that there is no big news. Or to put it another way, "the song remains the same". Inventory is low, many properties are selling with multiple offers, prices are being pushed further higher by persistent low inventory and increasing rents. And there is no change in sight. So let's take a deeper look at some of these factors. Persistent Low Inventory is a National Issue This is one, but not the only the main driver of the escalating prices we have seen in Redondo Beach over the past 18-24 months. I have previously written extensively about the micro market inventory levels, absorption rates and the like. For a change, let's take a look at the big picture. Overall, the number of homes for sale in America has been falling steadily for the past year, but... Continue reading
Posted May 27, 2017 at Redondo Beach Real Estate
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Real Estate Pro Tips and Best Practices Often when I meet new buyers after we get acquainted, I might say something like "as soon as your friends, family, co-workers and everyone else you know finds out you are in the market to buy a home, everyone will have advice for you. Please ignore all of them - unless they bought a similar house in the neighborhood you are looking in and closed escrow in the last 60 days." I'm assuming that comes across a lot better when I am delivering it with a smile on my face and tongue firmly planted in cheek than it does when you read it. But I'm serious. So before you flee from my blog, close this browser tab and move on to another agent, let me explain. One of the biggest mistakes I see Buyers and Sellers make is not listening to their agent.... Continue reading
Posted May 26, 2017 at Ellis Posner Real Estate
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What Can I Buy for $1,500,000 in Hermosa Beach CA? While inventory is extremely low throughout all of the Beach Cities, Buyers also have more options than ever before. Sounds contradictory, right? What I'm trying to say is that there are more overlapping price points of similar properties in different cities. Let's take a deeper dive and look at how much house $1.5M buys. ACTIVE LISTING: 805 20th St, Hermosa Beach 90254 MLS SB16714747 Initially listed for $1,499,000 and having lingered on the market for an extended period of time, this detached Townhome (pictured above) in the Hermosa Hills shares no common walls. Ocean views from the living space, plus panoramic views from Malibu to Palos Verdes from the roof top deck. The entire top level features open and bright living space and a great room style, that flows out to the west facing balcony. The sophisticated kitchen is truly... Continue reading
Posted May 24, 2017 at Hermosa Beach Real Estate
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Hermosa Beach Real Estate Update While often it may seem that most of the new construction is happening in Redondo Beach, Hermosa has had a fair amount of activity as well. Actually on par with Manhattan Beach as to availability. Currently there are 50 active listings for sale in 90254 and 7 of those are new homes (14%). Year to date there have been 68 Hermosa Beach sales and 10 of those (15%) have been newly built homes. By comparison in Manhattan Beach there are 113 active listings of which 16 are new (14%). In North Redondo Beach there are also 50 active listings but 16 of those are new homes (32%) and in South Redondo Beach 90277 out of 61 active listings 12 are new (24%). So Beach Cities builders are quite busy and this affects the market in a few ways. First, Buyers looking for real starters and... Continue reading
Posted May 21, 2017 at Hermosa Beach Real Estate
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Top Rated Redondo Beach Realtor My 88th and 89th Five Star Reviews were just posted on Zillow. With almost half of those in Redondo Beach, it makes me one of the most recommended local Beach Cities Realtors. In the current peer reviewed environment we all live in, these reviews are very helpful to building my business. In fact, the clients who posted the 89th review found me by.......reading reviews on Zillow. I don't know about you, but I check out reviews for almost everything all the time. Some on Yelp but many on industry specific sites. I've found some great products, companies, restaurants and more from on line reviews and social media. (Check out my Facebook business page Socalistings.) Here's what I've found from my own research. On Yelp, expect to find some negative reviews. They are often as helpful or even more so than the positive reviews. For example,... Continue reading
Posted May 19, 2017 at Ellis Posner Real Estate
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Hermosa Beach Real Estate Market Update April Hermosa Beach sales are now in the books: 18 Total Sales Average Sales Price $1,738,413 Median Sales Price Average Days on Market 40 Prices Ranged from $620,000 to $4,525,000 10 properties sold at or above the MLS list price 6 sales in the Sand Section 8 sales Hermosa Valley 4 sales East Hermosa Beach 6 Single Family Homes sold 11 Condo/Townhome sales 1 Duplex 2 new construction sales By comparison there were 48 sales in Manhattan Beach, 24 sales in South Redondo Beach and 43 in North Redondo Beach. During Q1 2017 there were 55 sales in 90254 so the run rate has been fairly consistently averaging 18 properties per month. As of this writing there are 47 active listings in Hermosa Beach and 38 properties under contract. Analyzing the "absorption rate" utilizing the sold vs active we have about 2.5 months of... Continue reading
Posted May 16, 2017 at Hermosa Beach Real Estate
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I just listed this North Redondo Beach townhome at 1900 Slauson Lane. It is an oversized open and bright 3 bedroom end unit corner lot with vaulted ceilings wrap around deck and your own driveway! The large great room features a windows on all sides, a corner gas fireplace, and access to the deck with gas hook ups for your barbecue. There is bamboo flooring in the dining area and the ample kitchen features dual ovens, microwave, granite counters, breakfast bar and more. The large master bedroom has a huge walk in closet and its own bathroom. Plenty of storage throughout and a direct access 2 car garage. Conveniently located near freeways, schools, shopping, restaurants, and a quick bike ride to the beach which is just over 2 miles straight down Artesia Blvd. We priced it at $849,000 which is just about right considering the size and condition. It could... Continue reading
Posted May 15, 2017 at Redondo Beach Real Estate
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My Buyer clients just closed escrow on this three bedroom rear unit 2 on a lot Townhome in North Redondo Beach. A few things about this sale: We were able to get it for less than the list price. We also got a generous seller credit of $5,000. It was a "relocation" sale. We didn't get it for a lot less than the asking price, only $2500 off but that's better than paying a whole lot over. On top of that I was able to negotiate another $5K in lieu of repairs for the Buyer's closing costs. Often Buyers ask what a relocation sale is. That is a specific transaction where as an employee benefit a relocation company acquires the property during escrow and becomes the ultimate seller to the new owners. As such the employer, through the relocation company, is able to save their employee a lot of costs... Continue reading
Posted May 12, 2017 at Ellis Posner Real Estate
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I know you are all probably very surprised that my newest listing is ...... a Redondo Beach 3 on a lot Townhome! This one is an oversized open and bright 3 bedroom end unit corner lot Townhome with vaulted ceilings wrap around deck and its own driveway. Many Buyers prefer having no common driveway and with this configuration you can easily park 2 cars in your garage and 2 on the driveway or just use the garage as a "man-cave". The large great room features a windows on all sides, a corner gas fireplace, and access to the deck with gas hook ups for a barbecue. There is bamboo flooring in the dining area and the ample kitchen features dual ovens, microwave, granite counters, breakfast bar and more. The large master bedroom has a huge walk in closet and its own bathroom. Plenty of storage throughout and a direct access... Continue reading
Posted May 10, 2017 at Ellis Posner Real Estate