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?

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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.

  1. 2 beds, 2 full, 1 half baths
    Home size: 1,308 sq ft
    Lot size: 24,169 sqft
    Year built: 1974
    Parking spots: 4
    Days on market: 5
    Walk Score®: 80
  2. 2 beds, 2 full, 1 half baths
    Home size: 1,246 sq ft
    Lot size: 24,169 sqft
    Year built: 1974
    Parking spots: 4
    Days on market: 17
    Walk Score®: 80
  3. 1 bed, 1 full, 1 half baths
    Home size: 1,246 sq ft
    Lot size: 24,169 sqft
    Year built: 1974
    Parking spots: 2
    Days on market: 129
    Walk Score®: 80
  4. 2 beds, 2 full, 1 quarter baths
    Home size: 1,246 sq ft
    Lot size: 24,169 sqft
    Year built: 1974
    Parking spots: 4
    Days on market: 129
    Walk Score®: 80
  5. 2 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,246 sq ft
    Lot size: 24,169 sqft
    Year built: 1974
    Parking spots: 4
    Days on market: 158
    Walk Score®: 80

See all Current homes for sale in S Redondo Bch W Of Pch community.
(all data current as of 4/29/2017)

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

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.

  1. 3 beds, 1 full, 2 three-quarter baths
    Home size: 2,634 sq ft
    Lot size: 17,400 sqft
    Year built: 1956
    Parking spots: 4
    Days on market: 76
    Walk Score®: 22
  2. 7 beds, 6 full, 1 half baths
    Home size: 7,792 sq ft
    Lot size: 25,771 sqft
    Year built: 1995
    Parking spots: 8
    Days on market: 106
    Walk Score®: 49
  3. 4 beds, 2 full, 2 three-quarter baths
    Home size: 3,321 sq ft
    Lot size: 6,917 sqft
    Year built: 2002
    Parking spots: 6
    Days on market: 194
    Walk Score®: 87
  4. 4 beds, 4 full, 1 half baths
    Home size: 3,200 sq ft
    Lot size: 6,796 sqft
    Year built: 2016
    Parking spots: 4
    Days on market: 222
    Walk Score®: 57

See all Current homes for sale in Hollywood Riviera community.
(all data current as of 4/29/2017)

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

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%

Why Days on Market Can Be Misleading

By Keith Kyle

I’m sure most MLS systems are different but here in the South Bay the days on market on the CRMLS can be a bit misleading.  Many buyer and agents use days on market as a negotiating tool….the longer the home has been on the market, the more leverage the buyer has to come in low or negotiate other favorable terms.

The problem is that days on market doesn’t always indicate just how long the home has been available and is not necessarily indicative of “active” status.  As realtors when our clients accept an offer we have the option of changing the status to “pending” or “active under contract”.  Pending stops the days on market from accruing, but active under contract does not.  A home can go into escrow on day one, change the status to active under contract (again meaning it’s in escrow) and if it falls out of escrow 20 days later the days on market for the home will show 20.  It’s very misleading as the home has not been available for those 20 days and now puts the seller and listing agent at a disadvantage…..even though it sold the first day.

The other aspect that leads to misinformation is that with this days on market accruing on many home, it does not allow for an accurate picture of the market.  For instance a certain area of town or city itself may show an average days on market for a certain month to be one thing….when many of those homes were not actually available.  It may show days on market at 45 when the reality is that the homes in the community actually go into escrow after 30.

It’s a problem that needs to be addressed as it can change perceptions….both on an individual home and the market in general.

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.