The numbers for March are in Redondo Beach saw another solid month with 89 homes sold in Redondo Beach and a median home price of $893,000 which was slightly up from the previous month. There is a healthy number of new construction projects coming out in both north and south Redondo which is helping keep the home prices up.
I’ve been fortunate to represent a few clients on purchases or sales along Paseo De La Playa in the Hollywood Riviera and the locations is nothing short of spectacular. Paseo De La Playa is the oceanfront street that connects Redondo Beach with the beginning of the Palos Verdes Peninsula and offers a lifestyle not found in many places.
The recent listing of 501 Paseo De La Playa is no exception. This 5 bedroom, 3 1/2 bath home sits high on the bluff and offers mesmerizing views of the ocean, Palos Verdes and the beautiful coastline from Redondo to Malibu.
January 2016 Home Prices in Redondo Beach and the South Bay
January 2016 showed to be another strong month in the Redondo Beach real estate market with the median home price nearing almost $900,0000. Demand continued with no end in sight as homes often sold quickly and over their asking prices.
The Golden Hills of Redondo Beach was always the most affordable way of owning a good sized single family home. Prices over $1,000,000 were rare and were saved for really special homes. That’s all changed and sales of well over $1,000,000 are becoming commonplace. Since December of 2015 there have been 10 homes that have come on the market above $1.0M. The demand for the neighborhood remains very high and with most homes offering about 1850 square feet, buyers are still eager to purchase the larger or newer homes in the area.
Current Homes for Sale in the Golden Hills of North Redondo Beach