Hermosa Beach homes

New Construction Townhomes in Redondo Average Almost $2.0M

It’s pretty hard to believe just how much townhome values have gone up over theHermosa Beach homes past few years.  We wrote a post back in 2018 asking if “$1.5M was the new normal for new construction townhomes?”  In 2015 we asked if $1.2M was the new normal and sustainable…..I guess we have our answer.

It seemed crazy at the time and unsustainable but here we are in 2023 and new construction townhomes in Redondo are averaging just under $2.0M.

If we eliminate the attached townhomes, the sales price of freestanding, detached townhomes averages almost $2.05M so far in 2023.  Incredible.

112 Irena Redondo Beach

Coming Soon – 2 Brand New Luxury Townhomes for Lease – 112 S Irena Redondo Beach

112 S Irena A & B - New Luxury Townhomes for Lease

We are proud to announce two upcoming homes for lease. These are stunning new construction townhomes in a fantastic neighborhood and street in South Redondo Beach. 112 Irena #A, South Redondo 90277 is a 3 bedroom plus loft/mezzanine with 2,384 square feet and 112 Irena #B is a 4 bed plus office/mezzanine with approximately 2,461 square feet.
112 Irena Redondo Beach

Big Numbers and Big Sales for Detached Townhomes in Redondo – 1907 Plant

1907 Plant - Redondo Beach - Detached Townhomes

The recent sale of 1907 Plant #A at $1,550,000 and the recent escrow of the B unit selling quickly at or over the list price of $1,595,000 sets the new standard for detached townhome prices in North Redondo Beach.   The #A home sold prior to completion and sold off market.  We write articles every year as to what detached townhomes are selling for and it wasn’t all that long ago that we were wondering if they could support $1.1M numbers….now we’re at almost $1.6M for a high end, well located home.  Pretty unbelievable.

Update on New Construction Townhomes in North Redondo Beach

***Please note this post is from 2018.  Click here to see the current new construction homes for sale in Redondo Beach.

New construction townhomes just seem to keep rising dramatically with homes seeming to go up about $100K a year for new construction, detached two on a lot townhomes.

Click here to see the current new construction townhomes for sale in Redondo Beach

Detached townhomes in North Redondo Beach built in 2017 and 2018.

Status Address Close Price – List Price Price per foot Bed/Bath Sq Feet Year Date Sold
A 1912 Huntington LN #B $1,409,000 $548.25 4/3,0,1,0 2570/A 2017/ASR 10/11/2017
A 1729 Harriman LN #A $1,509,000 $591.53 4/3,0,1,0 2551/B 2018/BLD 1/24/2018
U 2227 Dufour AV #A $1,409,000 $539.43 4/3,0,1,0 2612/A 2018/BLD 12/27/2017
U 1729 HARRIMAN LN #B $1,509,000 $590.14 4/3,0,1,0 2557/B 2018/BLD 2/5/2018
S 2108 Gates AV $1,350,000 $562.50 4/2,1,1,0 2400/E 2017/EST 9/28/2017
S 1918 Dufour AV $1,480,000 – $1,489,000 $532.95 4/3,0,1,0 2777/A 2017/BLD 7/21/2017
S 3307 Green LN $1,480,000 – $1,499,000 $522.78 4/3,0,1,0 2831/A 2017/BLD 9/5/2017
S 1812 Belmont LN #B $1,315,000 $536.73 4/2,1,1,0 2450/E 2017/BLD 2/24/2017
S 2003 Speyer LN #A $1,320,000 – $1,330,000 $539.66 4/3,0,1,0 2446/A 2017/ASR 5/10/2017
S 1812 Belmont LN #A $1,325,000 $540.82 4/2,1,1,0 2450/E 2017/BLD 3/17/2017
S 2018 Speyer LN #A $1,330,000 – $1,349,000 $532.00 4/3,0,1,0 2500/B 2017/BLD 4/12/2017
S 2018 Speyer LN #B $1,339,000 – $1,349,000 $535.60 4/3,0,1,0 2500/B 2017/BLD 5/12/2017
S 2003 Speyer LN #B $1,360,000 – $1,379,000 $545.09 4/3,0,1,0 2495/A 2017/ASR 7/7/2017
S 2207 Harriman LN #A $1,380,000 – $1,399,000 $540.96 3/3,0,1,0 2551/A 2017/BLD 9/26/2017
S 2315 Clark LN #B $1,399,000 $559.60 4/3,0,1,0 2500/E 2017/BLD 10/18/2017
S 2315 Clark LN #A $1,399,000 $559.60 4/3,0,1,0 2500/E 2017/BLD 10/4/2017
S 2106 Graham AV #A $1,399,000 $542.25 4/3,0,1,0 2580/B 2017/BLD 8/15/2017
S 2106 Graham AV #B $1,399,000 $542.25 4/3,0,1,0 2580/B 2017/BLD 7/18/2017
S 1814 Marshallfield LN #B $1,400,000 – $1,399,000 $542.64 4/3,0,1,0 2580/B 2017/BLD 8/15/2017
S 1814 Marshallfield LN #A $1,400,000 – $1,399,000 $542.64 4/3,0,1,0 2580/B 2017/BLD 8/4/2017
S 1912 Huntington LN #A $1,400,000 $538.46 4/3,0,1,0 2600/A 2017/ASR 11/16/2017
S 2207 Harriman LN #B $1,400,000 – $1,409,000 $538.05 3/3,0,1,0 2602/A 2017/ASR 9/27/2017
1907 Ernest #A Redondo Beach

Is $1.5M for New Construction Townhomes in North Redondo the New Normal?

Prices for new construction townhomes in North Redondo Beach 90278 continue to rise

**Please note that this post is several years old and townhomes are far more expensive now then when the article was written** Something none of us thought possible seems to be happening in North Redondo. We were amazed when prices of new construction two on a lot detached townhomes reached topped $1,000,000 in 2014, again  when they hit $1.2M mark in 2015….we were again surprised when it started topping $1.3M…and here we are in 2018 with a new construction townhome listed and priced over $1.5M!  1729 Harriman #A offers 4 bedroom and 2551 square feet which is pretty standard.  The rear unit was listed at the same number and is actually in escrow so we may just be heading to a $1.5M+ market.  Unbelievable.  Contact us for more information. While most new construction townhomes in North Redondo Beach have been pricing in the mid $1.3M to $1.4M these new homes on Harriman just may set the new standard.  It seems unlikely but we’ve said that before.  Only time will tell.  
Gated community of Fusion South Bay

Finally some inventory in Fusion South Bay

We’ve finally seen a slight increase in active Fusion townhomes for sale with 3 townhomes now for sale.  It’s been a while since we’ve seen any type of inventory on the market and we’ll see if this starts easing pricing pressures a bit.  What is a bit unusual is that 2 of the 3 current homes for sale are 3 bedrooms which are fairly rare.  The other unit is the smaller 2 bedroom A Floorplan currently priced at $485,000.  Fusion is located in the Hollyglen neighborhood of Hawthorne and is a great option for buyers priced out of neighboring Manhattan Beach and Redondo Beach.

View the current homes for sale in Fusion South Bay

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