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The Rare Foreclosure in Redondo Beach – 1832 Rockefeller

The foreclosure market, including bank owned homes, bank auctions and short sales, has slowed to a trickle in Redondo Beach during 2016.  It’s rare to see a single “distressed” listing these days whereas the peak of the housing crises saw consistent double digit numbers of homes on the market with an underwater seller.  To see all of the foreclosures in the South Bay click here.

Although distressed listings are rare (and usually not much of a “deal”) there has been a recent listing that has come on the market in North Redondo Beach.  1832 Rockefeller Lane #8 is a bank owned (REO) 4 bedroom townhome priced at $715,500.  See the details below and contact Redondo Beach realtor Keith Kyle for more information or a private showing.

in Foreclosures, North Redondo Beach, Townhomes Posted by Keith Kyle
Welcome 2017 Redondo Beach

Goodbye 2016…Hello 2017 – What 2017 Holds in Store for Redondo Beach Real Estate

By Keith Kyle

2016 was a very strong year for real estate in Redondo Beach and the South Bay.  Foreclosures and short sales slowed to a trickle, home prices rose throughout the year, demand continued to rise and Redondo Beach continued to be a highly sought after community.  Redondo Beach saw over 985 homes selling with an average price of over $1,000,000.

So what’s in store for the Redondo Beach real estate market in 2017?  With interest rates still low and pent up demand still outweiging the current inventory, it looks to be more of the same.  Prices are at peak levels and interest rates have risen slightly which may cool things off just a bit but the demand is strong for homes in this coastal community.  Visit the Redondo Beach real estate market statistics to keep up with the latest trends.

in Communities, Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

Redondo Beach CA Home Sales and Home Prices for November

By Keith Kyle

Redondo Beach posted some solid home sales numbers in November 2015 with 75 homes selling at a median price of $900,000 which was up slightly over November of the previous year.  To see the November home sales in Redondo Beach click here.  To see the current homes for sale in Redondo Beach visit our MLS access page and home search.

City Homes
Sold		 November
2016 Median		 November
2015 Median		 Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%
in Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

No Shortage of Oceanfront Condos For Sale in Ocean Plaza – 531 Esplanade

This article was originally posted in January of 2017.  To see the current homes for sale at 531 Esplanade please visit our oceanfront Esplanade homes for sale page.

It would seem that Ocean Plaza, located at 531 Esplanade, is having a selling frenzy with 4 separate condos for sale.  Due to zoning, South Redondo Beach offers some of the only high rise style buildings in the South Bay and Ocean Plaza is the tallest.  The building features a pool and spa, club house style room, top floor workout room and most condos have big ocean views.  Take a video tour of the oceanfront condos of the Esplanade in Redondo Beach.  Although the Ocean Plaza building sits ocean front, most units are on the sides of the buildings with balconies angling towards the beach.  In general the higher the floor, and further west in the building means bigger views.

in Beach Front Homes, Condominiums, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle
North Redondo Beach real estate map

It’s a challenge to find single family homes in North Redondo

For buyers looking for single family homes in North Redondo Beach they really have two options.  The Golden Hills area which is primarily made up of long and narrow homes we call “tall and skinnies”, the TRW tract which is a bit further east but offers a charming neighborhood setting with smaller homes on larger lots, and a pocket in the southeast corner called El Nido.  But in between the two neighborhoods sits a pretty large area and single family homes are hard to find.

One of the reasons is that the lots are often large enough for a duplex, triplex or multiple townhomes.  If there’s a smaller single family home on the large lot, it often gets sold to a builder that will knock it down and replace it with multiple townhomes.  It’s not the greatest way to keep things charming, but makes financial sense for the seller and buyer.

If your Redondo Beach home search is focused on north Redondo single family homes, you’re generally limited to the areas in red on the below map.  Contact us for more information or to search the homes for sale in the area.

North Redondo Beach real estate map

in Communities, Golden Hills, North Redondo Beach, Redondo Beach Real Estate, TRW Tract Posted by Keith Kyle

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Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

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Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

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