717 Avenue D Redondo Beach CA

October 2012 Median Home Prices In Redondo Beach and South Bay

October 2012 South Bay Median Home Prices and Sold Homes

Keep informed on the price of Redondo Beach  homes and know what direction the real estate market is heading. See below for the median price of South Bay Homes in October and see the change in average home price from 2011. Average home prices based on one month of information can vary quite a bit based on a number of factors but the information can show an overall housing market trend in Redondo Beach.

City Homes Sold October2012 Median October2011 Median Yearover Year % Change
Carson 56 $286,500 $300,000 -4.50%
El Segundo 11 $648,000 $348,500 85.94%
Gardena 58 $299,250 $260,000 15.10%
Harbor City 14 $337,500 $300,000 12.50%
Hawthorne 51 $360,000 $328,500 9.59%
Hermosa Beach 15 $835,000 $1,000,000 -16.50%
Lawndale 10 $252,500 $315,000 -19.84%
Lomita 13 $450,000 $392,500 14.65%
Long Beach 341 $302,750 $282,000 7.36%
Manhattan Beach 36 $1,137,500 $1,222,500 -6.95%
Marina Del Rey 36 $652,500 $590,000 10.59%
Palos Verdes Estates 31 $1,282,500 $1,000,000 28.25%
Playa Del Rey 16 $344,750 $335,000 2.91%
Rancho Palos Verdes 45 $870,000 $922,000 -5.64%
Redondo Beach 97 $700,000 $623,750 12.22%
San Pedro 55 $330,500 $345,750 -4.41%
Torrance 121 $467,000 $447,500 4.36%
Westchester 43 $627,000 $561,750 11.62%
Manhattan Beach walkstreet homes

Ultimate Beach Living in Hermosa and Manhattan Beach Walkstreet Homes

Something relatively unique to Manhattan Beach real estate and HermosaManhattan Beach walkstreet homes Beachare the homes located on “walk streets”. These walkstreet locations offer the absolute ideal in community beach living as they are located on lots that have parking and garage at the back of the home and the front of the home sits on a pedestrian only sidewalk.  According to Keith Kyle, a top realtor  with Vista Sotheby’s International, “These walkstreets offer a sense of community that is a bit different than other areas.  As the front yards and patios all face the sidewalk the walkstreet often becomes the center of the community for these streets.  They are very family friendly as there isn’t the risk that busy streets and cars create so it has a very safe feeling.  As they are almost always located within a block or two of The Strand and the beach it has that old school beach community feel”.

Walkstreets are very limited and are only in the sand sections of both Hermosa and Manhattan Beach.  They range in size due to the contours of the streets they cross but all create a very community and family friendly environment and are some of the most sought after locations in the South Bay.  Prices in Manhattan Beach generally start around $3.0M (usually on a corner of a walkstreet and moderately busy street) andquickly go up from there and prices are now reaching into the high $5.0M range for homes with big views and closest to the beach.  Homes in Hermosa Beach start in the mid $1M range (some homes have unusual situations such as no garage, small lot, etc) to the new high water market of $5.25M for the home mentioned above at 41 16th Street.  In Hermosa Beach the streets are generally flat so views are not something overly common, but that’s not the case in Manhattan Beach where the slope of the hill often means just about every home enjoys some nice ocean views.

Click here to view the current homes for sale in the Sand Section of Manhattan Beach or visit our Hermosa Beach Sand Section listings page.

 

South Bay Median Home Prices on the Rise

Year over year median home prices increased in most South Bay cities for September 2012.  12 of the 18 cities we track saw increases in median prices from September of the previous year.  Manhattan Beach real estate along with Hermosa and Torrance saw double digit increases while Redondo Beach had an increase in home values of only 1%.

Click here to view the sold homes listed per South Bay city for the month of September.  To see charts and information on real estate trends visit our market trends section.

 

City Homes
Sold
September
2012 Median
September
2011 Median
Year
over Year % Change
Carson 54 $270,000 $277,500 -2.70%
El Segundo 16 $595,750 $550,000 8.32%
Gardena 44 $310,000 $279,000 11.11%
Harbor City 19 $215,000 $238,000 -9.66%
Hawthorne 40 $383,500 $327,500 17.10%
Hermosa Beach 23 $1,037,500 $905,000 14.64%
Lawndale 15 $241,000 $285,000 -15.44%
Lomita 13 $410,000 $407,000 0.74%
Long Beach 286 $295,000 $285,500 3.33%
Manhattan Beach 29 $1,300,000 $1,125,000 15.56%
Marina Del Rey 30 $706,000 $611,250 15.50%
Palos Verdes Estates 31 $1,085,500 $1,100,000 -1.32%
Playa Del Rey 14 $405,000 $522,500 -22.49%
Rancho Palos Verdes 47 $950,000 $893,000 6.38%
Redondo Beach 73 $659,000 $652,500 1.00%
San Pedro 44 $372,500 $310,000 20.16%
Torrance 123 $462,000 $403,000 14.64%
Westchester 39 $625,000 $659,000 -5.16%
Redondo Beach real estate trends

Home Listings on the Decline in the Beach Cities Area

Beach Cities Real Estate Market UpdateThe Village condos at sunset

Home Listings on the Decline

The number of frustrated South Bay home buyers (and buyers agents) continues to rise as the inventory of available homes in the South Bay and Beach Cities continues to decline with a multi year low for the month of October.  October closed out with 224 active homes for sale in Manhattan Beach, Hermosa Beach, Redondo and El Segundo which was dramatically lower than any other month and down over 50% from last September.  Currently there are 216 homes for sale with the downward trend appearing to continue.  Pending sales were on the rise as well with October closing with  180 homes in escrow.  That’s an unbelievable ratio of active to pending sales and something not seen in many years.  Click here to view the current homes for sale or to see October 2012 home sales per city.

 

 

 

Panoramic Ocean Views in Hermosa Beach

Panoramic ocean view homes in Hermosa Beach can be difficult to come by, but the Seaview Villas complex in North Hermosa definitely offers views from Palos Verdes to Malibu.  Click here for information on Seaview Villas condos for sale in Hermosa Beach.  As of November 9th, there is a new listing on the market and information is below.  Please contact us for a private showing or more information.

[idx-listing mlsnumber=”SB12138257″ showall=”true”]

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Vista Sotheby's International

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

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

CONTACT AGENT

DRE#01712785

keith kyle

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Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

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

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.