Is $1,250,000+ The New Normal for Detached New Construction Townhomes?

By Keith KyleNorth-Redondo-Townhome

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.

Address Price $ Per Sq Ft Bed/Bath Year Built Sq Feet Date Sold
2018 Gates AV #B $999,000 $398 4/3,0,1,0 2014 2508 03/04/14
2016 Gates AV #B $999,000 $416 4/3,0,1,0 2014 2400 03/17/14
2018 Gates AV #A $999,000 $401 4/3,0,1,0 2014 2508 03/18/14
2016 Gates AV #A $979,000 $403 4/4,0,1,0 2014 2400 06/03/14
2403 Gates AV #B $999,000 $398 4/3,0,1,0 2014 2508 08/21/14
2403 Gates AV #A $999,000 $398 4/3,0,1,0 2014 2508 08/22/14
2006 Bataan RD #A $1,079,000 $468 4/2,1,1,0 2015 2400 04/30/15
2016 Gates AV #A $1,069,000 $449 4/4,0,1,0 2014 2436 05/07/15
2110 Ernest AV #A $1,150,000 $443 4/3,0,1,0 2015 2534 05/07/15
2006 Bataan RD #B $1,079,000 $467 4/2,1,1,0 2015 2400 05/15/15
2110 Ernest AV #B $1,170,000 $457 4/3,0,0,0 2015 2534 06/16/15
2019 Farrell AV #B $1,200,000 $473 4/3,0,1,0 2015 2534 11/13/15
2019 Farrell AV #A $1,200,000 $485 4/3,0,1,0 2015 2534 11/13/15
1913 Plant AV #A $1,250,000 $481 4/3,0,1,0 2015 2554 12/01/15
1913 Plant AV #B $1,250,000 $489 4/3,0,1,0 2015 2554 12/17/15
Active Listing
1928 Curtis AV #A
 $ 1,399,000
 $        555
4/3,0,1,0 2016 2519 02/01/16

Current New Construction Townhomes for Sale

  1. 4 beds, 4 baths
    Home size: 2,570 sq ft
    Lot size: 7,499 sqft
    Year built: 2017
    Days on market: 41

See all Current homes for sale in 90278 zip code.
(all data current as of 11/21/2017)

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