Author: Keith Kyle
Can the real estate market in the Golden Hills Support this price?
By Keith Kyle
**Update** The home was recently reduced from $1,050,000 to $999,000 but is still active and for sale.
We recently sold the home at 1637 Armour in the Golden Hills of Redondo Beach for what, at the time, was a very big number of $885,000. We had 9 offers and the demand was pretty unbelievable. It was a fairly rare situation in the Golden Hills as it was a smaller house at 1048 sq feet but it was all a single level and had a 4,100 foot lot. The typical lot in the Golden Hills is 2500 so this is a unique piece of property. The home sold in May of 2016 and is now back on the market for an unheard of $1,050,000 just months later. To our knowledge there were no upgrades done since they purchased.
Will the market possibly bear this price?
Only time will tell.
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Big Numbers in Redondo Beach Home Sales for June 2016
By Keith Kyle
The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices. Home prices were up year over year in every South Bay city other than Manhattan Beach and Redondo Beach posted some very big numbers. 99 homes sold in June at a stunning $950,000 which is way higher than normal. It’s rare to see median prices near the million dollar price range in this small coastal community. To see the homes sold in Redondo Beach for June 2016 view our recent sales information.
City | Homes Sold |
June 2016 Median |
June 2015 Median |
Year over Year % Change% |
Carson | 63 | $450,000 | $425,000 | 5.8% |
El Segundo | 17 | $1,121,000 | $888,000 | 26.2% |
Gardena | 47 | $430,000 | $399,000 | 7.8% |
Harbor City | 18 | $547,000 | $360,000 | 51.9% |
Hawthorne | 37 | $624,000 | $539,000 | 15.7% |
Hermosa Beach | 24 | $1,248,000 | $1,230,000 | 3.6% |
Lawndale | 13 | $519,000 | $450,000 | 15.2% |
Lomita | 16 | $555,000 | $530,000 | 4.7% |
Long Beach | 408 | $470,000 | $450,000 | 4.4% |
Manhattan Beach | 40 | $1,962,000 | $2,400,000 | -18.25% |
Marina Del Rey | 32 | $900,000 | $810,000 | 11.1% |
Palos Verdes Estates | 39 | $1,533,000 | $1,500,000 | 2.2% |
Playa Del Rey | 22 | $603,000 | $610,000 | -1.2% |
Rancho Palos Verdes | 75 | $1,200,000 | $1,110,000 | 8.2% |
Redondo Beach | 99 | $950,000 | $870,000 | 9.2% |
San Pedro | 79 | $500,000 | $472,000 | 6% |
Torrance | 163 | $635,000 | $597,000 | 6.3% |
Westchester | 44 | $1,050,000 | $923,000 | 13.8% |
New Real Estate Site Dedicated to The Village and Seascape in Redondo Beach
The Village Redondo Beach.com
There’s a new site dedicated to the homes in the communities of The Village and Seascape in South Redondo Beach. Dedicated to the coastal lifestyle offered in these ocean view communities, The Village Redondo Beach real estate website offers information on the floorplans, current condos for sale, recent homes sales, the community and the ammenities of the communities. The site focuses on the communities ranging from the 100s in the Village known as Seascape 2 to the 600 The Village addresses known as Seascape 3.
Beautiful Detached Townhomes for Sale at 618 1st Street Hermosa Beach
By Keith Kyle
***Update – This home in Hermosa Beach has now sold. Contact us for information on others.
Located just a few short blocks to the beach at 618 1st Street, this beautiful detached Cape Cod designed townhome offers the best in Hermosa Beach living. Very rare for this area of Hermosa, the home is completely detached and feels like a single family home with great outdoor spaces and a private entry. With a mid level entry and reverse floorplan, the formal entry offers soaring ceilings, hardwood floors and is bathed in natural light. Entry level features the master suite, 2 spacious bedrooms, convenient laundry area, and a full bath. The enormous master suite features dual walk in closets, new carpet and paint, and an beautiful bath with jacuzzi tub and shower. The upper level offers an incredible amount of space with an open and flexible layout that can adapt to your lifestyle. The living room features vaulted ceilings, beautiful gas fireplace, and 4 French doors allow for direct access to the patio to take in the near perfect weather. The top floor also features an oversized and open kitchen with recessed lights, stainless appliances sits cental to both the living room and huge dining room. Head up to the rooftop deck for great ocean and city light views. The home also offers a nice backyard area with deck and artificial turf, and a two car attached garage. All of this ideally located in Hermosa Beach, recently voted the 10th “Happiest Seaside Towns in America” by Coastal Living Magazine.
Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or for a private showing. Details and videos at 618FirstStreet.com