Happy Holidays from Redondo Beach Real Estate

The holidays are a wonderful time of year and it’s a pleasure to have helped so many people purchase the homes that they’ll spend those holidays in.  From our family to yours we wish everyone a very happy holidays and Merry Christmas.

Keith Kyle – Vista Sotheby’s International Realty – Redondo Beach Real Estate Homes

Redondo Beach Home Sales and Home Prices in October

The coastal community of Redondo Beach CA saw big home sales numbers for October of 2017.  Median home prices topped $1,100,000 with 72 homes and properties sold.    The median prices were over 25% higher than October of the previous year in which the median price was just under $880,000.  Visit our recent home sales section to see the homes that sold in Redondo Beach for October and other months.  See also the current homes for sale in Redondo Beach, CA.

City Homes Sold October 2017 Median October 2016 Median Year over Year % Change%
Carson 58 $495,000 $455,000 8.8%
El Segundo 19 $875,000 $925,000 -5.4%
Gardena 43 $545,000 $490,000 11.2%
Harbor City 17 $510,000 $4145,000 23%
Hawthorne 50 $578,000 $540,000 6.9%
Hermosa Beach 21 $1,414,000 $2,038,000 -30.6%
Lawndale 21 $505,000 $411,000 23%
Lomita 17 $575,000 $580,000 -.9%
Long Beach 322 $525,000 $475,000 10.5%
Manhattan Beach 28 $2,875,000 $2,250,000 27.8%
Marina Del Rey 25 $979,000 $1,150,000 14.9%
Palos Verdes Estates 30 $1,600,000 $1,825,000 -12.3%
Play Del Rey 16 $665,000 $635,000 4.8%
Rancho Palos Verdes 47 $1,265,000 $1,250,000 1.2%
Redondo Beach 72 $1,105,000 $878,000 25.8%
San Pedro 69 $530,000 $588,000 -9.8%
Torrance 127 $675,000 $632,000 6.9%
Westchester 38 $1,089,000 $1,050,000 3.7%

Big Home Sale in the Golden Hills – 1107 Goodman

One of the recent sales that represented a very big number for North Redondo and the Golden Hills was the sale at 1107 Goodman.  Listed for $1,890,000 the home quickly sold at full price after just 5 days on the market.  Sitting on an oversized, 5,215 foot, lot (more than double the normal lot in the area) this was brand new construction and something very hard to duplicate in this neighborhood.  Listed by Aaron Klapper of Strand Hill Christies International this was definitely a trophy house.  Per the listing description:

Welcome to this spectacular, brand new contemporary craftsman home in the heart of Golden Hills. The living room invites you in with soaring ceilings, lots of windows, and the first of three stunning stack-stone fireplaces. The open concept leads to the formal dining area, perfect for warmly entertaining family and friends. There’s an elegant powder room, and guest suite with built-in closet cabinetry and en-suite bathroom. Moving towards the rear of the home, the stylish kitchen has a large center island with quartz counter-tops, prep sink, and drawer microwave. The deep stainless steel farmhouse sink, soft close drawers, Thermador six burner stove and hood, butler’s pantry, walk-in pantry, and breakfast nook lend to this kitchen being as functional as it is chic. The comfortable family room with fireplace has large sliding glass doors that effortlessly lead to the peaceful back yard, creating that indoor/outdoor lifestyle you crave. Head upstairs to find the serene master suite with vaulted ceiling, fireplace, multiple closets, and large sunny balcony. The luxurious master bathroom has a contemporary soaking tub, large rain shower, and skylight. There are three other bedrooms upstairs, two sharing a jack-and-jill bathroom, and the other with en-suite bathroom and balcony. Other fabulous features include high ceilings, recessed LED lighting, European white oak engineered wood floors, quartz counter-tops, 8 foot doors, and of course, sought-after Jefferson school district.



Happy Thanksgiving from Redondo Beach Real Estate

From our family at Keith Kyle Homes, RedondoBeachRealEstateHomes.com and Visa Sotheby’s International we wish you and yours a very Happy Thanksgiving.

September 2017 Redondo Beach Real Estate Prices and Home Sales

September was another busy month in South Bay Real estate with a strong number of home sales along with some impressve prices.  Redondo Beach saw 86 home sales with a median price of $1,021,000.  To see all of the homes sold in the South Bay in September visit our recent home sales page.  The lowest price of the month was a Brookside Village condo selling for $436,500 and the highest home sale in Redondo Beach was an oceanfront new construction luxury condo at 1000 Esplande that closed at $3,250,000.

City Homes Sold September 2017 Median September 2016 Median Year over Year % Change%
Carson 55 $511,000 $462,000 10.5%
El Segundo 9 $1,130,000 $840,000 34.5%
Gardena 48 $475,000 $444,000 7.1%
Harbor City 22 $553,000 $465,000 19%
Hawthorne 46 $595,000 $558,000 6.6%
HermosaBeach 12 $2,150,000 $1,449,000 48.4%
Lawndale 15 $490,000 $479,000 2.3%
Lomita 12 $576,000 $593,000 -2.9%
Long Beach 326 $520,000 $478,000 8.8%
Manhattan Beach 38 $1,877,000 $2,200,000 -14.7%
Marina Del Rey 24 $933,000 $900,000 3.7%
Palos Verdes Estates 43 $1,600,000 $1,4023,000 14.1%
Playa Del Rey 17 $753,000 $538,000 39.9%
Rancho Palos Verdes 52 $1,250,000 $1,035,000 20.8%
Redondo Beach 86 $1,021,000 $1,035,000 20.8%
San Pedro 71 $558,000 $534,000 4.7%
Torrance 126 $728,000 $648,000 12.4%
Westchester 25 $1,140,000 $890,000 15.2%

Explore the Neighborhoods, Cities and Communities Around Redondo Beach

Welcome to Redondo Beach, the Beach Cities and the South Bay. While Redondo Beach has something to offer everyone,
some of the neighboring cities offer a flavor and feel all their own. Click on any city below to be taken to a area specific website or page geared specifically for that community.

417 Paseo De La Playa – Once In a Lifetime Property in the Hollywood Riviera

While the price is staggering for this are of the South Bay, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

We're sorry, but we couldn't find MLS # PV17206016 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Redondo Beach Real Estate in September – By the Numbers

Just like the rest of the Beach Cities, the Redondo Beach real estate market is on fire.  August saw 113 home sales.  Here’s a quick recap of the Redondo market based on todays date of 9/19/17:

Active Listings

  • Current active homes for sale: 111
  • Average list price:  $1,887,000 (which is very skewed due to a $25M listing, $16M listing and $13M listing)
  • Median price of homes for sale:  $1,199,000
  • Average list price without $25.0M, $16.0M and $13.0M listings:  $1,440,000
  • Average days on market:  63
  • Highest price:  $25,000,000
  • Lowest price:  $469,000

Pending Sales

  • Number of pending home sales:  103
  • Average list price:  $1,169,000
  • Median list price $1,049,000
  • Highest price: $4,999,000
  • Lowest price:  $464,000

Closed Sales (past 30 days)

  • 104 closed sales
  • Average list price:  $1,188,000
  • Average sales price:  $1,179,000
  • Median list price: $1,089,000
  • Median sales price: $1,073,000
  • Highest sale: $3,250,000
  • Lowest sale: $437,000


The Changing Face of Paseo De La Playa in the Hollywood Riviera

For lack of a more refined way of putting it….Paseo De La Playa in the Hollywood Riviera is probably one of the coolest streets in the South Bay.  With enormous lots that extend all the way to the sand at Torrance Beach, panoramic ocean views and stunning queens necklace views, these homes offer it all.  Unlike the beachfront homes of the Manhattan and Hermosa Strand, homes on the west side of Paseo De La Playa offer stunning ocean and coastline views by day, stunning sunsets in the evening and incredible ocean/city lights at night.  Most of the homes along the street were tract type houses built in the 1970s with very much a Brady Bunch look and feel.  That’s all changed in the last few years with 7 of the homes having extreme makeovers.  See the current homes for sale on Paseo De La Playa in the Hollywood Riviera.






So How Do I Find Out About Off Market and Pocket Listings in Redondo Beach?

In the incredibly competitive Redondo Beach real estate market many homes are not even making it to the local MLS.   Some of these homes quietly get sold without the general public even knowing that they were for sale.  So how do you find out about these homes?  First it’s important to understand just what we’re talking about.

What does off market or a pocket listing mean?

It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors.  That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.

Why would a Redondo Beach home seller want to sell the home off market?

In general it’s not a great idea.  Fewer buyers that know about the home usually means less competition and ultimately a lower sales price.  That’s certainly not always the case but usually accurate to some extent.  Sellers have many reasons for not wanting to put their home on the market.  It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale.  It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers.  Whatever the reason it does limit the exposure and again usually limits the price.

That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.

How do I find out about these homes in Hermosa Beach?

Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive.  The key is to work with an agent that has deep connections in the community and market.  Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.

We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available.  If you would like us to help find off market opportunities and you are not currently working with a realtor please feel free to text us at 310-251-2344 or email us with the details of your home search.