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)

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?

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.

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

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.

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Multiple Homes for Sale on Camino De Encanto in the Hollywood Riviera

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.  What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.  Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

Redondo Beach CA Home Sales and Prices for December 2016

By Keith Kyle

December was a pretty typical month in Redondo Beach real estate with 75 home sales at a median price of $900,000.  December traditionally is a much slower month but with the continued demand for Redondo Beach homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Redondo Beach for December.  For the current homes for sale visit our active listings page.

City Homes
Sold
December
2016 Median
December
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22.1%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15.1%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

Waterfront Information Center Open House Scheduled for January 19th

The Waterfront Information Center has recently moved to a more suitable location in and near the area of the proposed CenterCal project.  Their new address is:

239 N. Harbor Dr.
Redondo Beach, CA 90277

They are having an open house this evening (1/19) to hear about the project and to see the model.

From the Waterfront website:

 

TWO PRESENTATION TIMES TO ATTEND 

Due to overwhelming interest, The Waterfront Information Center open house

will now have two presentation opportunities to attend on Thursday, Jan. 19.

As we would like to provide everyone a chance to view the model,

your presence is politely requested to attend only one.*

First presentation – 6 p.m.

Second presentation – 7 p.m.
Presentations by Jean Paul Wardy, President, CenterCal Properties.

Tour our new home, view The Waterfront 3-D model & learn more about

the proposed project with your fellow Redondo Beach community members.

Light refreshments will be served and parking validation will be provided.

5:30 – 7:30 p.m.

239 N. Harbor Dr.,

Redondo Beach, CA 90277

Can’t make this event? Mark your calendars & join us 

Feb. 6 or Feb. 27 for two additional open house events. Details to follow.

*Please note, if you have already RSVP’ed to attend, you do not need to do so again.

The Rare Foreclosure in Redondo Beach – 1832 Rockefeller

The foreclosure market, including bank owned homes, bank auctions and short sales, has slowed to a trickle in Redondo Beach during 2016.  It’s rare to see a single “distressed” listing these days whereas the peak of the housing crises saw consistent double digit numbers of homes on the market with an underwater seller.  To see all of the foreclosures in the South Bay click here.

Although distressed listings are rare (and usually not much of a “deal”) there has been a recent listing that has come on the market in North Redondo Beach.  1832 Rockefeller Lane #8 is a bank owned (REO) 4 bedroom townhome priced at $715,500.  See the details below and contact Redondo Beach realtor Keith Kyle for more information or a private showing.

We're sorry, but we couldn't find MLS # IV17011148 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Goodbye 2016…Hello 2017 – What 2017 Holds in Store for Redondo Beach Real Estate

By Keith Kyle

2016 was a very strong year for real estate in Redondo Beach and the South Bay.  Foreclosures and short sales slowed to a trickle, home prices rose throughout the year, demand continued to rise and Redondo Beach continued to be a highly sought after community.  Redondo Beach saw over 985 homes selling with an average price of over $1,000,000.

So what’s in store for the Redondo Beach real estate market in 2017?  With interest rates still low and pent up demand still outweiging the current inventory, it looks to be more of the same.  Prices are at peak levels and interest rates have risen slightly which may cool things off just a bit but the demand is strong for homes in this coastal community.  Visit the Redondo Beach real estate market statistics to keep up with the latest trends.

Redondo Beach CA Home Sales and Home Prices for November

By Keith Kyle

Redondo Beach posted some solid home sales numbers in November 2015 with 75 homes selling at a median price of $900,000 which was up slightly over November of the previous year.  To see the November home sales in Redondo Beach click here.  To see the current homes for sale in Redondo Beach visit our MLS access page and home search.

City Homes
Sold
November
2016 Median
November
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%