The Rising Values of 1 Bedroom Ocean View Condos in The Village

The one bedroom Village condos in Redondo Beach are a great indicator of the South Redondo real estate market over time as the units are all the same size and configuration. The

The Village

ocean views make a big difference as well as the floor it’s on, but in general the units are pretty similar. Therefore the changes in values year over year make for a good indication of the direction the market is heading.  See below for information on the sales so far in 2018 and how they compare with 2017 and 2016.  It indicates while prices are still high the market is softening with a smaller increase in values from 2017 as well as a longer average days on market.

2018

As of September 10th,  2018 has seen 5 one bedroom condos sold at a median price of $630,000 and an average price of $628,000.  That averaged out to around $1,015 a square foot for the year.  Another important number was the average days on market for 2017 which was 35.

  Address Price $/Sqft
650 The Village #211  $                  600,000 969
610 The Village #311  $                  645,000 1042
610 The Village #315  $                  630,000 1018
620 The Village #108  $                  610,000 985
650 The Village #108  $                  655,000 1058

2017

In 2017 8 one bedroom condos sold at a median price of $615,000 and an average price of $621,000.  That averaged out to around $993 a square foot for the year.  Another important number was the average days on market for 2017 which was 19.

Address  Price  $/Sqft
650 The Village #214  $                  590,000 953
630 The Village #311  $                  615,000 994
620 The Village #107  $                  615,000 994
660 The Village #108  $                  594,000 960
630 The Village #211  $                  635,000 1026
610 The Village #311  $                  670,000 1082
650 The Village #212  $                  650,000 1050
630 The Village #210  $                  599,000 968

2016

In 2016 10 one bedroom condos sold at a median price of $552,550 and an average price of $557,800.  That averaged out to around $900 a square foot for the year.  Another important number was the average days on market for 2016 which was 29.

Address  Price  $/Sqft
650
The Village #210  $                  545,000 880
630
The Village #207  $                  550,000 889
660
The Village #309  $                  600,500 970
650
The Village #104  $                  520,000 840
640
The Village #312  $                  590,000 953
630
The Village #109  $                  520,000 840
660
The Village #310  $                  570,000 921
620
The Village #206  $                  545,000 880
630
The Village #204  $                  555,000 897
630
The Village #115  $                  582,500 941

5 Essential Steps that Some Home Buyers Don’t Realize are Needed for a Mortgage

There are a number of things a buyer needs to do to get a mortgage and the earlier these are done in the process the less stressful the process.  Knowing about your financing abilities eliminates many hurdles that may come up in the home buyer process in Redondo and the loan process for any Southern California home.  Here are 5 essential steps:

  1. Get pre-approved:  In a highly competitive housing market, it’s imperative to be pre-approved to give yourself the best chance of an offer being considered.  Most realtors and sellers won’t even consider an offer with financing if a preapproval letter isn’t included.
  2. Choose a realtor that can help mitigate appraisal problems.  A good realtor will meet the appraiser with the most current information in hand.  As a local real estate expert often knows more than the appraiser, the realtor may have insight and information not readily available to the appraiser.
  3. Know your credit score:    It’s not only important to have good credit and know your credit score, but equally important that your credit score stays the same throughout the escrow process.  No big purchases, no opening numerous new credit lines and no late or missed payments.
  4. Make it through underwriting:  Before you get loan clearance and final approval, your mortgage has to go through the underwriting process.  Be ready and supply the underwriters with all requested documents quickly to avoid the stress of needing to ask the seller for extra time.  Most loan contingency periods are 21 days or shorter so time is of the essence in the loan process.
  5. Review the closing disclosure forms or CD.  Due to regulations, lenders must provide you with a closing disclosure at least 3 days before closing in order to see fees, details, etc.

Our Latest Listing – 6439 Denmead in Lakewood CA

This is the home you have been looking for.  From the moment you enter you’re struck by the bright and open concept layout perfect for today’s lifeastyle.  The home was recently expanded and extensively remodeled with no expense spared.  Enter through the beautiful glass front doors inset with decorative iron and into the expansive living room.  You are immediately struck by a sense of space found in only luxury homes. This custom redesign and remodel was inspired by the California lifestyle with open spaces and direct access to the oversize yard and patio with indoor outdoor living in mind.

  • Priced at $715,000
  • 3 Bedroom + office, 2 1/2 Bath
  • 1,850 Sq Feet
  • Huge 8000+ foot lot

The living room area opens directly to the kitchen and dining areas as well as the sliders to the backyard.  The kitchen is the true showcase of the home with quartz countertops, gleaming cabinetry, oversized kitchen island, black stainless steel appliances and custom LED lighting.  Perfect for entertaining, the kitchen offers plenty of room for family gatherings and neighborhood get togethers.   Sliders just off of the dining area make for the easy enjoyment of the great yard and patio areas and make for perfect indoor outdoor living.  The huge backyard offers an abundance of space from the large grassy yard to the mature avocado, tangerine, dwarf lemon, dwarf orange, persimmon trees to the raised garden beds.

With no direct neighbors off of the backyard the yard enjoys a fantastic level of privacy.  The home offers 3 spacious bedrooms including the beautiful master suite.  Enjoying great light with an abundance of windows and doors fronting the yard, the master suite offers the perfect retreat.  Dazzling master bath features include dual vanities, separate tub and frameless rain shower.  The additional two bedroom face the front of the home allowing great light and airflow with beautiful flooring, large windows and brushed nickel ceiling fans.  Hall bath enjoys beautiful tile work, frameless glass shower/tub and more.   Additional details in this wonderful home include a separate laundry room, power room off of the living area, large office area, new air conditioning unit, tankless water heater, solar power, and a two car detached garage.

Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or for a private showing.

709 Esplanade – Oceanfront Home For Sale in Redondo Beach CA

Without question the highest priced home currently on the market is the oceanfront home located at 709 Esplanade in South Redondo Beach. While there are numerous condo complexes on the Esplanade there are only a very small number of single family homes along Redondo’s waterfront street. 709 Esplanade is pretty unique in just about every way. While the location is the primary selling point the home is absolutely huge offering somewhere between 8,800 and 9,200 square feet. The home features 5 bedrooms and 6 bathrooms, many of which enjoy incredible and unblockable views. With 51 feet of ocean frontage this home is rare indeed.

The home has been on the market for almost 5 months and has an interesting history on the market.  It was on the market back in 2012 at $10,000,000 but was absolutely not the home it is today.  Picture almost 10,000 feet of pink tile and that pretty much sums up what it was like.  They struggled to sell and after many price drops and several realtors it finally sold at $6,350,000 in 2015.

The current owners did an extensive remodel of just about every surface to get it up to it’s current updated and clean look.  Being so unique they’re also searching for a unique buyer that can afford the price tag and wants a massive home in an area that a home half it’s size would be considered massive.  They’ve had one price reduction from the original $14,200,000 and it’s currently listed at $13,700,000 by Ed Kaminsky of Christies Strand Hill.

709 Esplanade, Redondo Beach, CA 90277 (MLS # SB18085281)

(all data current as of 9/18/2018)
Price $13,700,000
Beds 5
Baths 6 baths
Home size 9,200 sq ft
Lot Size 7,453 sqft
Days on Market 159
Status Active
Contemporary, sleek and unquestionably modern, this landmark residence presents a spectacular oceanfront location on the southern sands of Redondo Beach. Three terraces and abundant picture windows welcome panoramic Pacific Ocean views that stretch from the Palos Verdes Peninsula to Malibu’s Point Dume and encompass crashing waves, passing sail boats, a jetty, pier and shimmering lights after romantic sunsets. Centered around a soaring atrium with oversized skylight, the open and bright estate is generously proportioned at approximately 9,200 square feet and showcases 5 bedrooms, 7.5 baths, maid quarters with a separate entrance, grand rooms with slide-away doors to terraces and loggias, an 8-car garage, expansive media/game room and an elevator that serves all levels. Grand-scale and intimate entertaining are easily accommodated and complemented by amenities that include a pub-style wet bar, wine cellar, and a chef-caliber kitchen with island, bar seating, nook, marble countertops, beamed ceiling, chic cabinetry and high-end appliances including a pro range and built-in refrigerator. Recently updated and remodeled to exacting standards of excellence and craftsmanship, the palatial residence displays new stone flooring, handsome fireplaces, custom wrought-iron railings, dramatic archways, high ceilings, and a main terrace with a fire pit. Stunning architecture, endless views, unparalleled luxury, don’t let this once-in-a-lifetime opportunity pass you by.

Property Type(s): Single Family

Last Updated 8/30/2018 Tract
Year Built 1990 Community 157 - S Redondo Bch W of PCH
Garage Spaces 8.0 County Los Angeles
Total Parking n/a

Price History

Prior to Aug 30, '18 $14,200,000
Aug 30, '18 - Today $13,700,000

Schools

School District Redondo Unified
Elementary School ALTVIS
Jr. High School PARRAS
High School REDUNI

Additional Details

Lot 7454 sq ft Area 157 - S Redondo Bch W of PCH
HOA Dues 0.00 Parking Spaces: 8.00
Pool Description None Stories 3
Utilities Public; View Description City Lights,Coastline,Ocean,Panoramic,Water,White Water
Water Public Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front,Ocean Side of Freeway,Ocean Side Of Highway 1
Zoning RBR-3A

Features

Air Gas, Zoned
Air Conditioning Yes
Appliances 6 Burner Stove, Barbecue, Convection Oven, Dishwasher, Double Oven, Freezer, Garbage Disposal, Range/Stove Hood, Refrigerator
Fireplace Yes
Garage Built-In Storage, Controlled Entrance, Direct Garage Access, Driveway, Driveway Down Slope From Street, G, Yes
Heat Central Furnace, Forced Air, Zoned
Interior 2 Staircases, Balcony, Bar, Built-Ins, Cathedral-Vaulted Ceilings, Ceiling Fan, Elevator, Granite Counters, High Ceilings (9 Feet+), Living Room Balcony, Open Floor Plan, Pantry, Recessed Lighting, Tile Counters, Wet Bar
Lot Description Level with Street, Lot 6500-9999
Style Contemporary
View Yes
Waterfront Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Brett Miller CalDRE:01309464, Douglas Elliman of California, Inc.

(view all details for MLS #SB18085281)

Redondo Beach Real Estate for August 2018….by the numbers

August was yet another big month as, much like the weather, the real estate market stayed very hot.  Below are the numbers that paint a pretty rosy picture of the market in this wonderful coastal city.

Active Homes For Sale (as of 8/30/18)

  • Number of homes for sale:  106
  • Highest Price:  $13,700,000
  • Lowest Price:  $415,000
  • Median Price: $1,215,000
  • Avg Price:  $1,517,000
  • Median Days on Market:  42
  • Avg Price per Sq Ft:  $662

Pending and homes in Escrow

  • Number of homes for sale:  77
  • Highest Price:  $2,795,000
  • Lowest Price:  $205,386
  • Median Price: $1,075,000
  • Avg Price:  $1,130,000
  • Median Days on Market:  29
  • Avg Price per Sq Ft:  $628

Closed home sales (for August)

  • Number of homes for sale:  83
  • Highest Price: $3,395,000
  • Lowest Price:  $399,000
  • Median Price: $1,165,000
  • Median Days on Market:  16
  • Avg Price per Sq Ft:  $628

Search Homes for sale on the Redondo Beach MLS

If you’re looking for a home or property in Redondo Beach, CA, you’ve come to the right place.  View all of the current homes for sale below.  If you’re interested in only the homes in specific Redondo neighborhoods, you can either search with the menu above or visit our targeted home search page.

Want and even easier way to search for homes?  Tell us about your dream home and we’ll customize a home search just for you and notify you the moment a new home hits the market.  These email alerts are completely free and there is no obligation.

Currrent homes for sale in Redondo Beach CA

Our Latest Listing – Fusion South Bay…great Redondo Beach Alternative

5507 W 149th Place #11

  • Listed for $847,500
  • 3 bedroom, 2 1/2 bath
  • 1,790 sq feet (based on builder specs…buyer to verify)
  • Gated community of Fusion South Bay

Welcome home to this stunning and rare 3 bedroom “J” floorplan in Fusion South Bay. This home was originally a model home & offers upgrades rarely seen in the community. This highly sought after layout offers all living spaces on a single level and the flexible floorplan allows for the layout to adapt to every lifestyle. Bathed in natural light with oversized windows and high ceilings throughout, the home offers a spacious and bright living room with built in entertainment center, recessed lights, custom designed/ fitted carpeting with beautiful tile flooring underneath, plantation shutters and more. Perfect for todays lifestyle, the living room open to both dining room and the the kitchen. The stunning kitchen is the showcase of the home with upgrades throughout…granite counters, stainless appliances, 6 burner Wolf range and a large island perfect for entertaining. With 2 spacious bedrooms plus a beautiful master suite on the same level as the living spaces once inside it can feel more like a single family home. Master suite offers numerours upgrades including ceiling fan (a rare find in Fusion), custom tile work in the bathrooms, walk in closet and more. Additional features of the home include 2 car attached side by side garage, air conditioning and great privacy due to it’s location in Fusion. Fusion is a fantastic gated community with pool, spa, basketball court, playground and more and the Manhattan Beach adjacent location is just a short drive to the beach.  Contact listing agent Keith Kyle  or 310.251.2344 with Vista Sotheby’s International Realty for more info or for a private showing.

Our Latest Ad In Digs Magazine

Take a look at our latest page in Digs magazine featuring our newest listing at 1323 Cota in Old TorranceContact us for more information on this beautiful craftsman built in 1914 or for information on the market in general.

In Perspective – Historical 30 Year Fixed Mortgage Rates

Many buyers are concerned with interest rates rising and that’s certainly valid as a higher interest rate means a higher monthly payment which most often means that you can’t afford a home you might have only months earlier.  Taken in historical standpoint the current rates are dramatically lower than at just about any other time.  The chart below shows the interest rate on conventional and conforming 30 year fixed rate mortgages.  As we’ll see we’ve basically seen rates drop consistently since the high water mark of 16.3% in 1981.  It certainly makes todays current rate in the mid 4% range seem pretty enticing.

2018 Home Sale of the Year in Redondo Beach – 417 Paseo De La Playa

Without question the sale of the year in Redondo Beach will be the once in a lifetime oceanfront property at 417 Paseo De La Playa.  Paseo

De La Playa is the blufftop street in the Hollywood Riviera.  While homes on Paseo De La Playa are special due to the location alone, this house (well actually two houses) were in a league all of their own.

The property sold back in February of 2018 for a staggering price tage of $22,650,00

While the price was unheard of for this are of the South Bay, there’s no disputing that the home (s) were unlike anything on the market for a very long time.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there was not one, but two separate parcels for sale.  What also made this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!

As marketed by listing agent Chris Adlam with Vista Sotheby’s International:

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.