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.

Redondo Beach Sees Year Over Year Home Price Increase for May of 2016

Redondo Beach, CA saw a year over year price increase in May with 96 homes sold this month at a median price of around $950,000 which was considerably up from $845,000 the prior May.  Redondo Beach was the only one of the Beach Cities (Manhattan Beach, Hermosa Beach and Redondo Beach) to see gains over the prior year.  The 96 home sales is a big number for Redondo and is a good indication that the market activity has picked up with more homes coming on the market.  Click here to see the homes sold in Redondo Beach for May of 2016.

City Homes
Sold
May
2016 Median
May
2015 Median
Year
over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%

Sold Off Market in the Golden Hills – 1638 Spreckels Lane

By Keith Kyle1638 Spreckels Lane Redondo Beach

Sitting on a quiet one way street in the Golden Hills of Redondo Beach, this charming single level home on an oversized lot is in the Jefferson School area and only 1 block to Hermosa Beach.  This beautiful home offers original beach bungalow charm but with an expanded floorplan and updated spaces.  From the moment you see the home the curb appeal and pride of ownership is appearant with the extra large lot offering a sense of space rarely seen in the Golden Hills.  The white picket fence and grassy front yard offers real coastal charm.  Enter the home into the living room with great light, hardwood floors and a great layout perfect for entertaining.  The open kitchen offers stainless appliances, tile countertops, pantry and more.  Conveniently located 1/2 bath and laundry room sit just off of the kitchen.  Rare for the neighborhood, 1638 Spreckels offers 3 nice sized bedrooms all on one level and each feature hardwood floors, large mirrored closets and great light.  The rear of the home offers a spacious family room with cozy brick fireplace and sliders that lead directly to the backyard.  The backyard offers fruit trees and mature landscaping allowing for privacy to enjoy summer evenings and beach breezes.  Contact Redondo Beach listing agent Keith Kyle with Vista Sothey’s International for more information.

1638 Spreckels Kitchen 1638 Spreckels Family Room 1638 Spreckels Bathroom 1638 Spreckels - Living Room

  • 3 Bedroom, 1 1/2 Bath
  • 1408 square feet
  • 4,052 foot lot
  • Built in 1952

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

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Redondo Beach Median Home Prices for December 2015

By Keith Kyle2114 Farrell Redondo Beach

The December numbers are in and if there was any thought that the real estate market in Redondo Beach was leveling the numbers certainly say otherwise.

The average home price in Redondo Beach for the homes that closed escrow during December was $930,840 with a median price of $836,250.  Those are big numbers that still shows no sign of slowing or reversing.   See the chart below for the December home sales numbers for Redondo Beach and the South Bay for December of 2015.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 10 $949,000 $735,000 20.2
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 24 $1,475,000 $1,360,000 8.5%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $836,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%

Featured Video – Welcome to Redondo Beach

By Keith Kyle

What makes Redondo Beach such a desirable place to live?……Just about everything.  Take a look at our Welcome to Redondo Beach video to see why the saying “if you’re lucky enough to live at the beach…..you’re lucky enough” is certainly true in this wonderful coastal community.

 

Only 2 Active Foreclosure Listings in All of Redondo Beach

By Keith KyleRedondo Beach foreclosures

The distressed home and foreclosure market was never a major factor in the Beach Cities as the coastal communities were always buffered a bit from the huge price drops after the real estate bubble burst.  Some of the outlying South Bay communities did see a large increase in bank owned homes and short sales but the closer the community was to the ocean, the less impact we tended to see.

That being said there were still a healthy (or unhealthy depending on what side of the process you were involved with) number of distressed homes for several years, but that’s virtually come to a trickle.  From a high of 130 active foreclosure listings back in 2010, which does not include the number of homes in default, to only 2 active foreclosures in Hermosa, Redondo and Manhattan Beach combined.  Hermosa Beach and Manhattan Beach were always very limited in the distressed market with the bulk of the foreclosure listings being in Redondo Beach.

September Home Sales in Redondo Beach and Beyond

By Keith Kyle

Redondo Beach saw an impressive number of homes selling in September of 2015 to end the summer selling season with 97 closed escrows.  In addition the median home price in Redondo was $875,000 which shows significant gains in value over the past year.  The market was hot throughout Redondo Beach with homes in both North and South Redondo often selling quickly and with multiple offers.  Click here to see all of the homes sold in Redondo Beach in September of 2015.

City Homes
Sold
September
2015 Median
September
2014 Median
Year
over Year % Change
Carson 49 $406,000 $366,000 10.8%
El Segundo 9 $1,045,000 $517,000 76%
Gardena 33 $440,000 365,000 20.5%
Harbor City 18 $514,500 $462,500 11.2%
Hawthorne 27 $513,000 $550,000 -6.7%
Hermosa Beach 20 $1,200,000 $1,020,000 17.7%
Lawndale 13 $450,000 $379,000 18.6%
Lomita 15 $580,000 $570,000 1.8%
Long Beach 390 $435,000 $420,000 3.7%
Manhattan Beach 39 $2,050,000 $2,025,000 1.2%
Marina Del Rey 29 $865,000 $817,000 5.9%
Palos Verdes Estates 35 $1550,000 $1575,000 -1.6%
Playa Del Rey 18 $542,000 $534,000 1.6%
Rancho Palos Verdes 49 $1,040,000 $1,058,000 -1.7%
Redondo Beach 97 $875,000 $790,000 10.8%
San Pedro 69 $442,000 $459,000 -3.6%
Torrance 135 $585,000 $527,00 10.9%
Westchester 26 $908,000 $872,000 4.1%

Big Gains In May 2015 Median Home Prices in the South Bay

By Keith Kyle

May was another huge month in terms of home prices in the South Bay with Hermosa Beach highest on the wow factor with a median price in May of $,1450,00, almost 32% higher than the year before.  Redondo Beach saw major gains as well with 106 homes selling in May with a median home price of over $844,000

City Homes Sold May 2015 Median May 2014 Median Year over Year % Change
Carson 45 $410,000 $376,500 8.9%
El Segundo 14 $803,500 $818,000 -0.8%
Gardena 35 $405,000 $400,000 1.3%
Harbor City 26 $415,000 $382,000 8.6%
Hawthorne 68 $525,00 $487,000 7.9%
Hermosa Beach 23 $1,450,000 $1,102,000 31.6%
Lawndale 12 $431,000 $417,500 3.2%
Lomita 11 $509,000 $575,000 3.5%
Long Beach 362 $433,000 $399,000 8.5%
Manhattan Beach 38 $2,238,750 $2,005,000 11.7%
Marina Del Rey 26 $917,000 $900,000 1.9%
Palos Verdes Estates 37 $1,515,000 $1,430,000 5.9%
Playa Del Rey 24 $615,000 $711,000 -135%
Rancho Palos Verdes 56 $1,100,000 $990,000 11.1%
Redondo Beach 106 $844,500 $722,000 17%
San Pedro 67 $449,250 $425,000 5.7%
Torrance 148 $579,000 $560,000 3.4%
 Westchester 26 $900,000 $797,000 12.9%

Redondo Beach Real Estate Explained – 2 on a Lot Townhome

By Keith KyleNorth-Redondo-Townhome

One of the more common types of houses in both north and south Redondo Beach is what we call a two on a lot.  At some point there was either a small home or small duplex on a larger lot.  While the city of Redondo will not allow these lots to be split, they can, depending on zoning, be the sites for multiple unit townhome buildings.  In general the zoning either allows a 3 on a lot townhome or a 2 on a lot townhome.   The appeal to the two on a lot is that it often feels more like a single family than what most think of when they hear townhome or townhouse.  The 2 on a lot can either be attached (usually the shared wall is the garage downstairs and either the master or a patio wall upstairs) or detached with no shared walls and usually a yard separating the two.  Both types of 2 on a lot can be a great alternative to a single family home.  They are usually larger, newer and in better locations than an SFR in the same price range.  In some cases these detached two on a lot have the even better fortune of being on a corner lot giving the two separate townhomes different street addresses and a look and feel of two completely different homes.  Values for 2 on a lot Redondo Beach townhomes have skyrocketed in the past 2 years with new construction detached two on a lots nearing $1.2M.2 on a lot townhomes Redondo Beach

 

  1. 3 beds, 4 baths
    Home size: 1,591 sq ft
    Lot size: 4,791 sqft
  2. 2 beds, 2 baths
    Home size: 1,458 sq ft
    Lot size: 1.84 ac
  3. 4 beds, 3 baths
    Home size: 2,568 sq ft
    Lot size: 7,405 sqft
  4. 2 beds, 3 baths
    Home size: 1,044 sq ft
    Lot size: 7,840 sqft
  5. 3 beds, 3 baths
    Home size: 2,048 sq ft
    Lot size: 13,068 sqft
  6. 4 beds, 3 baths
    Home size: 2,350 sq ft
    Lot size: 7,405 sqft
  7. 3 beds, 3 baths
    Home size: 1,449 sq ft
    Lot size: 2.01 ac
  8. 3 beds, 3 baths
    Home size: 2,224 sq ft
    Lot size: 7,405 sqft
  9. 3 beds, 3 baths
    Home size: 2,468 sq ft
    Lot size: 7,405 sqft
  10. 2 beds, 2 baths
    Home size: 1,328 sq ft
    Lot size: 4.52 ac

See all Current homes for sale in city of Redondo Beach.
(all data current as of 8/23/2017)

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