The Perfect Way NOT to sell your home

By Keith Kyle

As a long time realtor in Redondo Beach it never ceases to amaze me how little effort sometimes goes into trying to sell a home.  I’m not sure if there’s some very odd situation where owners want or need a home listed but don’t actually want to sell it but once in a while I run into a listing which appears to do everything possible NOT to sell the home.

I just looked at something today on the market and they seem to have done everything to keep the home from selling.  I often see one of the details on listings but it’s been a while since I saw so many aspects of a listing that will keep it from selling.  Keep in mind that this isn’t a short sale.

  1. Price:  This is obviously a common one but the home is probably priced $200,000 over market value
  2. Pictures:  Of course they are terrible
  3. Commission:  They’ve reduced the buyer’s agent commission to 1.5%
  4. Showing:  They’ve made showing the home a serious challenge.  Not only does it require 24 hour notice but they won’t call back and don’t respond to emails or texts.  No lockbox of course.
  5. Out of area agent:  They’re using an agent that doesn’t know the market and doesn’t seem to be putting much time or effort into selling it (and they won’t return my call)
  6. Condition:  I had been through the home long ago (probably 8 months….yes it’s surprisingly been on the market for almost a year) and I wasn’t allowed in one of the bedrooms, all of the blinds are closed and it’s a mess.

So the question is….why put it on the market if you don’t want to sell it?

Hollywood Riviera homes for sale

Is $2,000,000+ the New Normal for High End Homes in the Hollywood Riviera?

By Keith Kyle

It wasn’t long ago that most homes for sale in the Hollywood Riviera were priced around $1,000,000 with only the truly spectacular reaching towards the $2.0M mark.  Those days have past with $2,000,000+ being the new normal for big views and the abundance of high end flips in the area.  As of 2/8/17 there are 5 homes in the Hollywood Riviera priced over $2,000,000 and most are well over that formerly elusive price point.

Hollywood Riviera homes for sale

South Redondo homes

Multiple Homes for Sale on Camino De Encanto in the Hollywood Riviera

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd.  Occassionally we see a home or two and more often than not, there is nothing on the market in this area.  What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block.  This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate.  Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

Redondo Beach CA Home Sales and Prices for December 2016

By Keith Kyle

December was a pretty typical month in Redondo Beach real estate with 75 home sales at a median price of $900,000.  December traditionally is a much slower month but with the continued demand for Redondo Beach homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Redondo Beach for December.  For the current homes for sale visit our active listings page.

City HomesSold December2016 Median December2015 Median Yearover 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 22.1%
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 -15.1%
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%
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.

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

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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

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keith.kyle@vistasir.com

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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.