Category: New Construction
Is $1,250,000+ The New Normal for Detached New Construction Townhomes?
By Keith Kyle
There’s no doubt that this market continues to amaze. What would have been considered unheard of a year ago is now becoming standard. Nowhere is this more clear than in new construction detached townhomes in North Redondo Beach. See our real estate explained…two on a lot detached townhome in Redondo Beach to better understand this unique townhome style. It wasn’t all that long ago that we were fairly surprised by these homes topping the $1,000,000 but those purchases are now looking like steals. We kept the chart below limited to only new construction in area 151 (of North Redondo Beach) with similar square footage so this was an apples to apples comparison and the price increases are fairly amazing. 2014 priced just under $1,000,000 with 2015 prices starting near $1,060,000 and reaching $1,250,000. Currently the only 2o16 built home (with around 2500 feet) just hit the market at a whopping $1,399,000. While we can’t imagine they’ll get anywhere near that, it will be a great indicator as to just what these homes will sell at in 2016.
Is $1.2M the New Normal for New Construction 2 on a Lot Redondo Townhomes?
***Please note that this post was from 2015 and new construction two on a lot townhomes are now generally priced over $2.1…..
By Keith Kyle
Two new Amir Amiri townhomes hit the market this week in North Redondo Beach at a fairly incredible $1,200,000 price tag. It wasn’t long ago that we were fairly amazed to see these North Redondo Beach new construction detached townhomes near the $1.0M mark but that sounds like a bargain just 18 months later. The most recent closed sales priced at $1.050M with the latest listings priced at $1.2M. These two on a lot townhomes n both North and South Redondo have continually increased in value over the past 2 years and has created high demand from builders for larger lots with smaller or tear down type homes.
Is $1.0M the New Price Point For New Construction Townhomes?
By Keith Kyle
With prices rising rapidly in North Redondo Beach, the bar has now apparently been set for new construction 2 on a lot townhomes. With the recent sales of all 4 units at 2016 and 2018 Gates, all priced at $999,000 the pricing for new construction 4 bedroom townhomes appears to be something unheard of in the past for this neighborhood. The homes are certainly well done with high end finishes, square footage between 2400 and 2500 square feet, and each having small yards but the general consensus is that hitting the $1.0M price is a very big number for North Redondo townhomes. Known in the area as “2 on a lot” townhomes they feel more like single family homes than townhomes. They are completely detached, have direct garage access and private yards. The property is shared among the 2 owners that comprise of the HOA. In most cases the agreement between owners is pretty informal and often only insurance and landscaping are shared costs. Contact us for information on these wonderful alternatives to single family homes or fill in our free listing update form to receive new listings daily. See below for all of the 2013/14 sales of these 2 on a lot new construction townhomes.
Pending | 2018 | Gates AV #A | $ 999,000 | 4/3,0,1,0 | 2508 |
Pending | 2016 | Gates AV #B | $ 999,000 | 4/3,0,1,0 | 2400 |
Pending | 2322 | Carnegie LN | $ 849,000 | 4/3,0,0,0 | 2126 |
Pending | 2016 | Gates AV #A | $ 999,000 | 4/4,0,1,0 | 2400 |
Pending | 1702 | Phelan LN | $ 819,000 | 4/2,1,1,0 | 2110 |
Sold | 2018 | Gates AV #B | $ 999,000 | 4/3,0,1,0 | 2508 |
Sold | 2017 | Huntington LN #B | $ 984,000 | 4/3,0,1,0 | 2612 |
Sold | 2017 | Huntington LN #A | $ 992,000 | 4/3,0,1,0 | 2612 |
Upcoming New Construction Homes in Hermosa Beach CA
Recent news has shown that builder confidence is up and that new construction starts is at a multi-year high. That’s not anything new for Hermosa Beach. A quick drive through the Hermosa Beach sand section makes it clear that builders are most definitely building. According to South Bay realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers, “it’s hard not to notice the abundance of projects underway. In some areas there are 3 or 4 new homes being built on the same street. The market has always remained strong during the downturn, but the amount of builders buying older homes shows that confidence in the Hermosa Beach real estate market is very high.” Much of the new construction is for owner users, but more and more spec projects are taking place as well. Below are some of the projects underway in Hermosa Beach. Prices on most are, as yet, undetermined but many do have some pricing information available. Beyond simply having a new home, the advantage to purchasing new construction when the project is underway is that buyers can often work with the builders in choosing finishes and truly make for a custom home.
2434 Hermosa Ave | Single Family | |
2459 Myrtle | Single Family | |
108 35th Street | Single Family | |
2850 El Oeste | Single Family | |
2418 Myrtle | Single Family | |
504-512 25th Street | 2 Single Family or 4 Townhomes | |
345 33rd Street | Single Family | |
1400 Block Monterey | 3 Townhomes | |
1100 Block Cypress | 3 Townhomes | |
162 Monterey | 2 Townhomes | |
100 Block of Manhattan Ave |
2 Townhomes | |
1500 Manhattan Ave | 2 Townhomes | |
1515 Manhattan Ave | 2 Townhomes | |
2052 Manhattan Ave | Single Family | |
1160 Cypress | 2 Townhomes | |
533 11th Street | 3 Townhomes | |
1600 Golden | 2 Townhomes | |
1200 Block 9th Street | 2 Single Family Homes |