Let Redondo Beach realtor, Keith Kyle, take you on a video tour of some of the ocean front homes and buildings in Redondo Beach CA. To view the current homes for sale visit our Redondo Oceanfront listings site.
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Living at the beach may be more affordable than you think as Redondo Beach zoning allows for larger ocean front condo buildings not seen in other areas of the South Bay. At the moment there are far more oceanfront condos, townhomes and homes for sale then in recent memory. The current homes range from 1 bed 1 bath condos in the Sand Castle, to one of the more impressive oceanfront homes ever to come on the market at 717 Esplanade. 7 of the current homes for sale are ocean front condos on the Esplanade with the bulk of the additional opportunities being single family or multi unit. The home at 739 Esplanade is one of the more intriguing properties as it’s currently 3 separate levels, each with kitchen and baths that can be torn down with the ability to build townhomes, or a very large estate, but may also work as an owner occupied investment property with owners living in one of the 3 levels and renting the other two.
See the current oceanfront homes for sale on the Esplanade in South Redondo Beach
Unlike the adjacent neighborhoods of Manhattan and Hermosa Beach, the real estate market in the Golden Hills of Redondo Beach, just east of Hermosa has been somewhat unique in recent months. Everything seems to be on the rise with the number of active homes for sale increasing, sales increasing, pending home sales increasing and prices on the rise. The area is home to a rather unique type of single family home known as a “tall and skinny” in the local real estate world. With lots dimensions at 25 x 100 and minimal setback requirements, most homes are only separated by 5 feet and is something not seen in many other neighborhoods. Read more about the pros and cons of Golden Hills Real Estate. According to Redondo Beach real estate specialist Keith Kyle, “we’re seeing homes selling over list price, with multiple offers on a fairly regular basis and prices have rebounded considerably in 2013.”
Real Estate Statistics and Trends for The Golden Hills in Redondo Beach
The report above shows the recent housing activity, including active homes for sale (light green), pending home sales (red line) , and closed home sales (dark green).
The chart above shows the average price per square foot in the Golden Hills
The chart above shows the average days on market as well as the % of sale price compared with the list price
The chart above shows the median home prices (light blue) as well as average list prices and average sold prices
Recent news has shown that builder confidence is up and that new construction starts is at a multi-year high. That’s not anything new for Hermosa Beach. A quick drive through the Hermosa Beach sand section makes it clear that builders are most definitely building. According to South Bay realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers, “it’s hard not to notice the abundance of projects underway. In some areas there are 3 or 4 new homes being built on the same street. The market has always remained strong during the downturn, but the amount of builders buying older homes shows that confidence in the Hermosa Beach real estate market is very high.” Much of the new construction is for owner users, but more and more spec projects are taking place as well. Below are some of the projects underway in Hermosa Beach. Prices on most are, as yet, undetermined but many do have some pricing information available. Beyond simply having a new home, the advantage to purchasing new construction when the project is underway is that buyers can often work with the builders in choosing finishes and truly make for a custom home.
| 2434 Hermosa Ave | Single Family | |
| 2459 Myrtle | Single Family | |
| 108 35th Street | Single Family | |
| 2850 El Oeste | Single Family | |
| 2418 Myrtle | Single Family | |
| 504-512 25th Street | 2 Single Family or 4 Townhomes | |
| 345 33rd Street | Single Family | |
| 1400 Block Monterey | 3 Townhomes | |
| 1100 Block Cypress | 3 Townhomes | |
| 162 Monterey | 2 Townhomes | |
| 100 Block of Manhattan Ave |
2 Townhomes | |
| 1500 Manhattan Ave | 2 Townhomes | |
| 1515 Manhattan Ave | 2 Townhomes | |
| 2052 Manhattan Ave | Single Family | |
| 1160 Cypress | 2 Townhomes | |
| 533 11th Street | 3 Townhomes | |
| 1600 Golden | 2 Townhomes | |
| 1200 Block 9th Street | 2 Single Family Homes |
As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the South Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market. Short sales first became a factor in mid 2007 with a high point in 2010. In August of 2010 there were 159 active short sale homes for sale in Torrance. Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months. What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay
One of the best kept secrets in the South Bay is the neighborhood of Hollyglen, a small pocket of Hawthorne just west of the 405 freeway. The neighborhood has it’s own award-winning school district and has a friendly and quiet feel that rivals the Torrance neighborhoods of Southwood and West Torrance. The biggest challenge for buyers over the past few months has been the lack of inventory and quickly rising prices. That may be changing, however, with a significant increase in the available homes. At the moment there are 7 single family homes available in the Hollyglen and Del Aire areas (all west of the 405 which has significant value differences from the area east of the 405) and a whopping 17 homes currently in escrow. This in a market that has recently seen only a trickle of available homes. If you’re open for expanding your search consider other homes for sale in Hawthorne CA. Below are the current listings as of May 7th 2013. For the most up to date list visit our Hollyglen real estate site.
May 2013 Pending single family home sales in Hollyglen.
| MLS# | Type | Address | Type | Price | Br/Ba | Year Built | Sq Feet | |
| SR12134440 | SFR/D | 5330 | 126th ST | Shortsale | $499,000 | 3/2,0,0,0 | 1950/ASR | 1410 |
| SB13049857 | SFR/D | 5424 | 118th ST | STD | $559,000 | 3/2,0,0,0 | 1942/ASR | 2020 |
| SB13059784 | SFR/D | 5511 | 141st ST | STD | $599,000 | 3/2,0,0,0 | 1954/ASR | 1358 |
| SB13079809 | SFR/D | 5253 | 140th ST | STD | $599,000 | 3/1,1,0,0 | 1955/ASR | 1453 |
| SB13003455 | SFR/D | 5431 | 142nd PL | STD | $649,000 | 3/2,0,0,0 | 1954/ASR | 1527 |
| SB13069270 | SFR/D | 5430 | 134th ST | STD | $669,000 | 3/1,1,0,0 | 1955/ASR | 1640 |
| SB13078751 | SFR/D | 5521 | 134th PL | STD | $679,000 | 3/1,1,0,0 | 1955/ASR | 1885 |
| SB13022706 | SFR/D | 5503 | 133rd ST | STD | $829,000 | 3/2,0,1,0 | 1955/ASR | 3230 |
| 13659135 | SFR/D | 5448 | 122ND ST | STD | $975,000 | 4/4,0,0,0 | 2006/BLD | 2693 |
| 13661003 | SFR/D | 5332 | 119TH ST | STD | $395,000 | 41306 | 1941 | 1029 |
| SB13049943 | SFR/D | 5338 | 119th PL | STD | $499,000 | 2/1,0,0,0 | 1941/APP | 829 |
| S12090019 | SFR/D | 5552 | 123rd PL | Shortsale | $525,000 | 4/2,0,0,0 | 1950/ASR | 1802 |
| SB13074619 | SFR/D | 5351 | 123rd PL | STD | $525,000 | 3/1,0,1,0 | 1950/ASR | 1082 |
| SB13075542 | SFR/D | 5525 | 122nd ST | STD | $539,000 | 3/1,0,0,0 | 1950/ASR | 1091 |
| SB13073743 | SFR/D | 5308 | 123rd PL | STD | $599,500 | 3/2,0,0,0 | 1950/ASR | 1370 |
| SB13070069 | SFR/D | 5349 | 127th ST | STD | $629,000 | 3/2,0,0,0 | 1950/ASR | 1578 |
| PV13048265 | SFR/D | 13210 | Clyde Park AV | STD | $635,000 | 3/2,0,0,0 | 1955/ASR | 1124 |
Click any MLS number above for details and photos of the home.
*We may not be the listing agent on the properties above and are providing this information as a service to our clients. We represent both buyers and sellers in Hollyglen and would be happy help with your search as well.
