From Redondo Beach realtor Keith Kyle, Redondo Beach Real Estate Homes.com and Vista Sotheby’s International Realty…..we wish you a happy Cinco De Mayo. We realize it might not be the most social of occassions this year but enjoy and stay safe.
April 2020 was a very slow month for home sales in Redondo Beach which wasn’t all that surprising given the uncertainties for both buyers and sellers.
Overall there were 40 on market property sales which was less than half of the 82 homes that had sold in April of 2019. Median list prices for the month was $1,150,000 with the median “sold” price also being $1,150,000 which indicates a strong seller’s market. The average price per foot was $671.
April 2020 is a Seller’s market*
Home For Sale in April 2020: 102 units.
• Up 9.7% compared to last month
• Down 20.9% compared to last year
Home Closed in April 2020: 40 units.
• Down 29.8% compared to last month
• Down 56.5% compared to last year
Home Placed under Contract in April 2020: 41 units.
• Up 5.1% compared to last month
• Down 50% compared to last year
Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year Built | |
SFR/D | 812 | Calle de Ar | $965,000 | $661.87 | 3/1,0,0,0 | 1458/A | 1948/ASR |
CONDO/A | 125 | Calle May | $1,050,000 | $782.41 | 2/2,0,1,0 | 1342/A | 1974/ASR |
SFR/D | 413 | Calle De C | $1,600,000 | $966.77 | 3/2,0,0,0 | 1655/B | 1953/ASR |
SFR/D | 634 | Camino D | $1,689,000 | $1,032.40 | 3/2,0,1,0 | 1636/A | 1955/ASR |
SFR/D | 409 | Via La Sole | $2,115,000 | $989.24 | 3/2,0,0,0 | 2138/A | 1954/ASR |
CONDO/A | 2605 | Mathews | $810,000 | $496.02 | 3/2,0,1,0 | 1633/A | 1989/ASR |
TWNHS/D | 2213 | Robinson | $1,100,000 | $536.59 | 3/3,0,0,0 | 2050/O | 1990/ASR |
SFR/D | 2012 | Plant AVE | $1,150,000 | $792.01 | 4/2,0,0,0 | 1452/A | 1955/APP |
SFR/D | 3404 | Mcbain AV | $1,195,000 | $1,160.19 | 3/1,1,0,0 | 1030/A | 1950/ASR |
TWNHS/A | 2019 | Ernest AVE | $1,210,000 | $559.93 | 3/2,0,1,0 | 2161/A | 1985/ASR |
TWNHS/D | 2123 | Nelson | $1,225,000 | $498.78 | 4/2,0,1,0 | 2456/A | 1987/ASR |
TWNHS/D | 1921 | Ruhland A | $1,545,000 | $527.84 | 4/4,0,0,0 | 2927/B | 2014/ASR |
CONDO/A | 2715 | Grant AVE | $705,000 | $407.28 | 3/2,0,0,0 | 1731/A | 1989/ASR |
SFR/D | 1707 | Green LN | $876,000 | $625.71 | 4/2,0,0,0 | 1400/A | 1964/ASR |
TWNHS/A | 2208 | Carnegie L | $901,000 | $543.43 | 3/2,0,0,0 | 1658/A | 1983/ASR |
TWNHS/A | 1919 | Marshallfi | $925,000 | $457.92 | 3/3,0,0,0 | 2020/A | 1983/PUB |
CONDO/A | 2413 | Rockefelle | $1,050,000 | $546.88 | 3/3,0,0,0 | 1920/A | 2005/ASR |
TWNHS/A | 2707 | Rockefelle | $1,090,000 | $521.28 | 4/4,0,0,0 | 2091/B | 2019/BLD |
TWNHS/A | 1809 | Green LN | $1,265,000 | $543.85 | 5/5,0,0,0 | 2326/B | 2019/BLD |
TWNHS/D | 1817 | Clark LN | $1,328,000 | $572.17 | 4/2,0,1,0 | 2321/A | 2001/ASR |
TWNHS/D | 2420 | Huntingto | $1,595,000 | $667.36 | 4/3,0,1,0 | 2390/B | 2020/BLD |
SFR/D | 2703 | Spreckels | $1,075,000 | $571.81 | 4/3,0,0,0 | 1880/S | 1955/SEE |
SFR/D | 1734 | Spreckels | $870,000 | $558.41 | 3/2,0,0,0 | 1558/A | 1963/ASR |
SFR/D | 1734 | Steinhart | $1,110,000 | $628.18 | 3/2,0,0,0 | 1767/A | 1975/PUB |
SFR/D | 501 | Green Lan | $1,175,000 | $647.74 | 4/2,0,0,0 | 1814/A | 1955/PUB |
SFR/D | 429 N | Paulina AV | $1,285,000 | $816.91 | 3/2,0,0,0 | 1573/A | 1959/PUB |
CONDO/A | 538 | Avenue A | $495,000 | $653.03 | 1/1,0,0,0 | 758/A | 1968/ASR |
CONDO/A | 1108 | Camino Re | $500,000 | $542.89 | 2/2,0,0,0 | 921/A | 1971/ASR |
CONDO/A | 607 S | Prospect A | $525,000 | $636.36 | 1/1,0,0,0 | 825/A | 1970/PUB |
CONDO/A | 906 | Camino Re | $600,000 | $615.38 | 2/2,0,0,0 | 975/A | 1970/PUB |
CONDO/A | 1920 S | Pacific Co | $1,040,000 | $729.31 | 2/2,0,0,0 | 1426/B | 2019/BLD |
TWNHS/A | 706 S | Pacific Co | $1,075,000 | $606.32 | 3/2,0,1,0 | 1773/B | 2007/ASR |
TWNHS/A | 1920 S | Pacific Co | $1,150,000 | $657.52 | 3/3,0,1,0 | 1749/B | 2018/BLD |
SFR/D | 705 | Avenue D | $1,320,000 | $1,187.05 | 3/1,0,0,0 | 1112/A | 1951/ASR |
SFR/D | 1315 S | Gertruda A | $1,467,000 | $839.73 | 4/2,0,0,0 | 1747/A | 1955/ASR |
SFR/D | 519 | Sapphire S | $1,779,000 | $745.91 | 3/3,0,0,0 | 2385/A | 1952/ASR |
SFR/D | 844 | Avenue B | $2,525,000 | $544.53 | 5/5,0,0,0 | 4637/A | 2005/ASR |
SFR/D | 710 | Sapphire ST | $3,700,000 | $608.35 | 5/4,0,1,0 | 6082/A | 2002/ASR |
TWNHS/A | 1301 S | Catalina A | $1,279,000 | $739.31 | 3/2,0,1,0 | 1730/E | 1982/EST |
TWNHS/A | 1219 S | Catalina AVE | $1,531,500 | $641.06 | 4/1,2,1,0 | 2389/A | 1983/ASR |
While we all need to continue to do our part…..we’re definitely looking forward to getting back to the beach in Redondo
It’s not yet clear whether the increase in the number of homes for sale in the Golden Hills is due in larger part to timing (spring is often when we start seeing an increase in the number of homes that come on the market) or due to the slowdown that the covid impacts are having, but in the past month we’ve seen the number of active listings go from 2 up to the current 7 homes for sale. It may also be due, in part, to the pricing as a few of the recent listings are really trying to break some records in terms of list and sales price. The Golden Hills is somewhat unique for Redondo Beach as the neibhrohood is comprised of almost exclusively single family homes without the abundance of townhomes and condos seen throughout most of North Redondo.
Beachfront homes in the Hollywood Riviera don’t come along all that often. If you’re looking for something out of the ordinary, 505 Paseo De La Playa might be the home and location for you. The home is listed at $5,500,000 this is a 4 bedroom (one bedroom downstairs and 3 upstairs), 3 bath home with just under 3,200 square feet. Offering really large (by South Bay standards) lots that extend all the way from Paseo De La Playa to the sands of Torrance Beach they are very unlike the beachfront homes of the Manhattan Beach Strand and Hermosa Strand, It’s rare to see one of these incredible oceanfront homes hit the market and this is no exception. Built in 1962 it’s an older home that feels pretty dated and will likely get/need quite a bit of work to become a luxury home, but as they say in real estate, “location, location, location”.
Details:
Contact us for more information or virtual tour
We were very excited to see the steady and signifcant number of pending home sales in Redondo Beach to start off 2020. Unfortunately the impacts of the Covid-19 changed that in a hurry. After a multi year low of only 34 pending home sales, we saw a nice jump to 51 in January and 63 in February. Unfortunately March saw a drop to 41. The inventory is part of the problem as with only 70 active listings that’s 50% fewer homes than the end of 2019.
