Author: Keith Kyle
Now That’s a Big Number – North Redondo Townhome Sells at $1,290,000
By Keith Kyle
We are used to seeing big sales prices and rapidly rising values but the recent sale at 1800 Pullman Lane set the bar even higher. 1800 Pullman is a beautiful detached townhome that feels much more like a single family home as it sits on a corner lot which allows for the “fronts” of the 2 townhomes to be on different streets. In addition the townhome was very large at over 3200 feet, but almost $1.3M for a townhome in North Redondo is still pretty hard to believe.
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See all of the recent home sales in Redondo Beach, CA
Recent Home Sales in South Redondo Beach CA
By Keith Kyle
January saw 20 home sales in South Redondo Beach which is relatively typical of this time of year. Due to the holidays many homes are either pulled from the market or don’t sell in December, keeping the sales number down. The lowest priced home sold, a 2 bedroom condo in Brookside Village, sold for $417,000 with the highest sale of the montha 1929 built, but restored and updated, single family home on Avenue A. To see home sales in other areas of Redondo Beach, other cities, or other months, visit our South Bay home sales information page. The inventory has gone up slightly and you can view the current homes for sale in South Redondo Beach on our updated MLS and current listings page.
MLS# | Type | Address | Price | Br/Ba | YrBuilt | Sqft | DaysOn Mrkt | |
SB14132888 | TWNHS/A | 211 S | Helberta AV #7 | $650,000 | 2/2,0,0,0 | 1986/ASR | 1352/A | 151/266 |
SB14241062 | SFR/D | 216 N | PROSPECT | $850,000 | 3/1,0,0,0 | 1947/ASR | 1145/A | |
SB14208363 | SFR/D | 106 S | Helberta AV | $870,000 | 1/1,0,0,0 | 1925/ASR | 555/A | 94/94 |
SB14247818 | SFR/D | 714 | Vincent Park | $1,015,000 | 4/3,0,0,0 | 1920/ASR | 1630/A | |
SR14252360 | TWNHS/A | 237 S | Irena AV #C | $1,227,500 | 4/3,0,0,0 | 2009/ASR | 2540/A | 14/14 |
SB14138775 | TWNHS/D | 203 S | Prospect #A | $1,286,219 | 3/3,0,1,0 | 2014/BLD | 2700/A | 197/197 |
SB14141369 | CONDO/A | 826 | Camino Real #202 | $417,500 | 2/2,0,0,0 | 1970/ASR | 949/A | 158/158 |
SB14255990 | CONDO/A | 830 | Camino Real #204 | $531,000 | 3/2,0,0,0 | 1970/ASR | 1290/A | 24/24 |
SB14143912 | TWNHS/A | 410 | Avenue G #38 | $655,000 | 3/2,0,1,0 | 1987/SLR | 1449/A | 116/116 |
PV14259901 | TWNHS/D | 1800 S | Pacific Coast HY #85 | $689,000 | 3/1,1,1,0 | 2001/ASR | 1500/E | 19/19 |
SB14245206 | TWNHS/D | 926 S | Pacific Coast HY #B | $874,900 | 3/3,0,1,0 | 2007/ASR | 2186/A | 53/93 |
SB15004687 | SFR/D | 408 S | Francisca AV | $1,050,000 | 3/1,0,0,0 | 1912/EST | 1636/A | |
SB14257432 | SFR/D | 632 S | Gertruda AV | $1,250,000 | 4/2,0,0,0 | 1948/ASR | 1764/A | 28/28 |
PV14216456 | SFR/D | 559 | Avenue A | $1,415,000 | 4/3,0,0,0 | 1929/ASR | 2628/A | 93/93 |
SB14215576 | CONDO/A | 640 | The Village #215 | $449,000 | 1/1,0,0,0 | 1974/ASR | 619/A | 99/99 |
SB14195713 | CONDO/A | 1400 S | Catalina #308 | $585,000 | 2/1,1,0,0 | 1971/ASR | 1080/A | 122/122 |
SB15008687 | CONDO/A | 210 | The Village #304 | $682,500 | 2/2,0,0,0 | 1978/ASR | 1136/A | 0/193 |
SB14233951 | CONDO/A | 110 | The Village #204 | $715,000 | 2/2,0,0,0 | 1980/ASR | 1434/A | 15/15 |
SB14215374 | TWNHS/A | 206 | Ruby ST | $765,000 | 2/2,0,0,0 | 1977/ASR | 1450/A | 97/97 |
SB14252332 | SFR/D | 204 | Knob Hill AV | $1,399,000 | 5/2,0,0,0 | 1922/ASR | 2278/A | 14/14 |
Redondo Housing Inventory Stays Low…So Where are the New Listings?
By Keith Kyle
As a Redondo Beach realtor who has been doing this a while, I’ve come to expect a nice increase in houses for sale in mid to late January. As the holidays wrap up, football season ends, and everyone gets back to work, we generally see a nice increase in homes that hit the market. It can often set the tone for much of the year as and abundance of homes early in the year often seems to stabilize the market one way or another. Unfortunately 2015 hasn’t seen that increase as the number of active homes for sale continues to go down at a time when the homes for sale should be going up. It’s still early enough that sellers may yet be holding off for a week or two to put their homes on the market and it would be welcome relief for the home buyers sitting and waiting.
The chart below shows the number of homes for sale represented by the light green bar. As of January 29th there are only 88 homes for sale in all of Redondo Beach.
And then there were 4 – New Listings on the Ocean Front Street of Paseo De La Playa
In this market with very low inventory and many homes selling the minute that they hit the market, it’s very unusual to see 4 homes for sale on the most sought after street in the Hollywood Riviera.
The 4 homes for sale sit on the oceanfront street of Paseo De La Playa, just above Torrance Beach. Many residents know the street as it offers great views and is a favorite of cyclists heading up to Palos Verdes. 2 of the homes, the palatial gated estate located at 433 Paseo De La Playa, and 617 Paseo De La Playa are on the west side of the street meaning unblocked and unblockable views of the ocean, Palos Verdes, and the coastline all the way to Malibu. The primary reason they are still available is the pricetag with the sellers asking $16,000,000 for the home at 433 and the the home at 617 listed for $4,495,000 which is considerably higher than the most recent sales of similar homes.
The remaining 2 homes are fairly new to the market as of January 6th. Both sit on the east side of the street so they offer minimal coastline views but are still ideally located with a short walk or bike ride to the beach and the Riviera Village. The home at 630 Paseo De La Playa is a rather pricey $1,888,888 for 1325 square feet and minimal views. It’s market as a potential site for a 2 story dream home but as the home is in the Torrance hillside overlay area that might be a very tall task. The home for sale at 528 Paseo De La Playa is a bit more appropriately priced with almost 1800 square feet.
Where Have all the Ocean Front and Ocean View Condos Gone?
Although the housing inventory has been low in Redondo Beach for almost 2 years now, the market for and ocean view Village condos is almost non-existent. Popular condo complexes such as The Village, the Seascape buildings, and various oceanfront buildings on the Esplanade are nowhere near the normal inventory levels. According to realtor Keith Kyle, “It’s really been months since there’s been anything new. There are currently a few places that have been on the market for some time now, but the few new listings, if priced anywhere near where they should be, disappear quickly.”
“These homes offer the iconic South Bay beach lifestyle and are are highly sought after, often by professionals that travel extensively, local retired or semi-retired people looking for that vacation beach feel, or those priced out of nearby townhomes and single family homes.”
The inventory has continued to drop to nearly a trickle with only 2 condos on the market as of this writing. Both are in the Seascape buildings behind King Harbor and the Redondo Pier area. The homes often offer the real feel of living on vacation as many have great views and some offer terrific amenities.