June 2017 Home Sales and Home Prices for Redondo Beach

By Keith Kyle

June 2017 was a big month for home sales in Redondo Beach CA with a fairly huge number of homes selling.  The summer months are always an active market and this year was no different with 117 homes closing escrow.  Thats well above the normal number of Redondo homes selling in a month.  Median home prices were up just a bit over June of the previous year with the median home in Redondo Beach selling at just under $970,000 which was a 2.5% increase from June of the prior year.  Click here to track all of the important real estate trends for Redondo Beach CA.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Lawndale 12 $535,000 $519,000 3.1%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

Summer Concerts in Redondo Beach

By Keith Kyle

If you’re looking for a great alternative to the beach for some summer entertainment, the summer concert series is a great option. The city of Redondo Beach is offering “Concerts on the Pier” every Thursday and Saturday through August 31st from 6pm to 8pm.  The upcoming schedule includes:

  • August 10 – Ghost in the Machine (Police cover)
  • August 12 – Scrap Yard Aces
  • August 17 – Living Cover
  • August 19 – Elwood Moon
  • August 24 – Abrakadabra
  • August 26 – Like Zeppelin (Led Zeppelin cover)
  • August 31 – Strange Days (Doors cover)

Why do the carpets in every bank owned home look like this?

By Keith Kyle

Bank owned homes are pretty rare these days but the occassional home that comes on the market always seems to look the same. I understand that people were forced to leave the home without a choice so it’s not surpising to see some damage, things removed, etc. but I can never quite figure out how they get the carpets to look so terrible? People around here can’t live like this can they? I certainly don’t see carpets looking like this so it must mean people are doing it on purpose…but how can you make it look this bad?  Maybe there’s some sort of online tutorial as to how to not just destroy the carpet….but make it look like you repaired cars in the house.  It’s a mystery that I just don’t understand.

Classic California Craftsman Coming Soon in Old Torrance

Coming soon to Old Torrance, this spectacular craftsman harkens back to a different era.  Sitting on an oversized lot on a beautiful tree lined street, this wonderful home offers a sense of nostalgia hard to find in today’s real estate market.  Contact listing agent Keith Kyle of Vista Sotheby’s International for more information.

 

Happy 4th of July from Redondo Beach Real Estate

To all of our friends, clients and website visitors we wanted to wish you a very happy and safe 4th of July. It doesn’t get much better than July in Redondo Beach. Redondo is a great place to be for the holiday weekend!

Happy 4th from all of us at Redondo Beach  Real Estate.

The Perfect Way NOT to sell your home

By Keith Kyle

As a long time realtor in Redondo Beach it never ceases to amaze me how little effort sometimes goes into trying to sell a home.  I’m not sure if there’s some very odd situation where owners want or need a home listed but don’t actually want to sell it but once in a while I run into a listing which appears to do everything possible NOT to sell the home.

I just looked at something today on the market and they seem to have done everything to keep the home from selling.  I often see one of the details on listings but it’s been a while since I saw so many aspects of a listing that will keep it from selling.  Keep in mind that this isn’t a short sale.

  1. Price:  This is obviously a common one but the home is probably priced $200,000 over market value
  2. Pictures:  Of course they are terrible
  3. Commission:  They’ve reduced the buyer’s agent commission to 1.5%
  4. Showing:  They’ve made showing the home a serious challenge.  Not only does it require 24 hour notice but they won’t call back and don’t respond to emails or texts.  No lockbox of course.
  5. Out of area agent:  They’re using an agent that doesn’t know the market and doesn’t seem to be putting much time or effort into selling it (and they won’t return my call)
  6. Condition:  I had been through the home long ago (probably 8 months….yes it’s surprisingly been on the market for almost a year) and I wasn’t allowed in one of the bedrooms, all of the blinds are closed and it’s a mess.

So the question is….why put it on the market if you don’t want to sell it?

What’s Your Redondo Beach Home Worth – Find Your Homes Value in Today’s Real Estate Market

Whether you are interested in selling your home or just curious to know the value of your home, we’re here to help. Using the very latest MLS and selling data combined with our insight into current market conditions and knowledge of what home buyers are looking for we can give you a very good idea of the value of your Redondo Beach home in the current market. Please tell us a little about your home and we will put together a full report on the value of your property.

What is My Redondo Beach home worth?

  • Tell Us About Your Home

 

Verification

If Living Oceanfront Works for You….531 Esplanade with 5 Condos Now for Sale

In the Redondo Beach real estate market, where inventory is extremely low, one oceanfront building is certainly bucking the trend.  The Ocean Plaza, at 531 Esplanade in South Redondo Beach currently has 5 condos for sale…all with great ocean views.  Although the building sits ocean front, the bulk of the condos are on the side and the views can vary depending on the floor and how far east in the building the home sits.  Generally the higher the floor and higher the unit number the better.  See a video overview of the ocean front condos of the Esplanade.

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Vista Sotheby’s International with Offices in Redondo and Hollywood Riviera Top Producers

Vista Sotheby’s International, one of the top real estate firms in the South Bay area of Los Angeles have recently introduced their “Top Producers” for 2016. With offices throughout the area including Manhattan Beach, Hermosa Beach, Palos Verdes, Redondo Beach and the Hollywood Riviera, Vista Sotheby’s has quickly become the dominant force in the local real estate market.

We are proud to annouce that Manhattan Beach realtor Keith Kyle was one of the top agents companywide and was the #9 top producing agent for 2016.   Congrats to all of the realtors given the award.  See also the Vista Sotheby’s top producers for 2015.

We wanted to thank all of our clients and friends that helped make 2016 such as successful year in real estate.

Is $2,000,000+ the New Normal for High End Homes in the Hollywood Riviera?

By Keith Kyle

It wasn’t long ago that most homes for sale in the Hollywood Riviera were priced around $1,000,000 with only the truly spectacular reaching towards the $2.0M mark.  Those days have past with $2,000,000+ being the new normal for big views and the abundance of high end flips in the area.  As of 2/8/17 there are 5 homes in the Hollywood Riviera priced over $2,000,000 and most are well over that formerly elusive price point.

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