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Esplanade condos

Redondo Beach Ocean View Condo Update

For most of us, living ocean front in Manhattan Beach or Hermosa Beach is unrealistic and unaffordable. Prices generally start in the multi millions and the few Strand “fixers” that are still out there are usually quickly bought up by developers and builders. Redondo Beach is different, however, as zoning has made for larger condo complexes, many with great views, and almost all far more affordable.  As of November 6th 2012, there are currently 6 condos on the market….most with spectacular ocean views.  The most prominent areas to find ocean view condos in Redondo Beach are the Esplanade, the oceanfront street in the cities southernmost area, and The Village and Seascape which are a series of buildings built in the 1970s that generally overlook King Harbor.

Click here for more details on the current oceanview condos and for current listings.

 

 

in Communities, Oceanfront Homes, South Redondo Beach Posted by Keith Kyle
Oceanview balconies at 620 The Village

October 2012 Home Sales in the South Bay

October saw some strong indicators in the local South Bay real estate market with low inventory and continued price increases.  Click any South Bay city below to see the homes sold in October 2012 or see our market trends  pages for information on the real estate market in Redondo Beach.
 October 2012 Home Sales


El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance

in Communities, El Camino Village, Fusion South Bay, Golden Hills, Hermosa Beach, Hollywood Riviera, Homes, Manhattan Beach, Market Trends Posted by Keith Kyle

Hermosa Beach Sand Section Real Estate Update

The Hermosa Beach sand section has continued to be an incredibly hot market with inventory low, sales up and prices seeming to rise quickly.  Currently there are 15 active listings with almost all being standard sales as the inventory of foreclosure and short sale listings have almost completely disappeared.

Active listings as of 10/29/12.  For up to date information view our Hermosa Beach sand section listings.

Below is a list of the pending home sales in the sand section of Hermosa Beach as of October 29th, 2012.  Currently 13 homes are in escrow with the lowest price being a short sale condominum located beach front at 72 The Strand (priced dramatically too low) and the highest price being a single family home at 718 The Strand (on the corner of 35th and Hermosa Ave) priced at $6,300,000

MLS# Type Address Price Br/Ba Year Sq Feet
S709685 CONDO/A 447 HERONDO ST #103 $ 525,000 2/2,0,0,0 1978/ASR 1398
P836326 CONDO 320 HERMOSA AV #204 $729,000 2/2,0,0,0 1972/ASR 1049
S12044286 CONDO/A 1300 The Strand #305 $850,000 1/1,0,0,0 1998/ASR 469
V12114260 SFR/D 1635 Palm DR $950,000 2/0,2,0,0 1920/ASR 1002
S12113824 SFR/A 516 24th ST $995,000 2/1,0,1,0 1962/ASR 1302
S12124273 SFR/A 421 Gould AV $1,000,000 3/1,0,0,0 1955/ASR 1018
SB12132957 TWNHS/D 233 Lyndon ST $1,099,000 3/2,0,1,0 2006/BLD 2000
SB12129991 SFR/D 1617 Hermosa AV $1,100,000 2/1,1,0,0 1912/ASR 960
12620619 SFR/A 304 MANHATTAN AV $1,199,000 2/2.00 1948 1496
S12090810 TWNHS/D 836 Bard ST $1,359,000 4/3,1,0,0 2007/ASR 2120
S12105793 TWNHS/D 842 Bard ST $1,389,000 4/3,0,1,0 2007/ASR 2120
SB12131835 TWNHS/D 446 Bayview DR $1,485,000 3/4,0,0,0 1998/ASR 2199
SB12131502 TWNHS/A 900 Manhattan AV $1,539,000 4/4,0,0,0 2001/ASR 2322
SB12133012 SFR/D 2412 Silverstrand AV $1,649,000 3/1,2,0,0 1964/ASR 2224
S12072991 SFR/D 3501 Manhattan AV $1,699,000 3/2,0,0,0 1975/ASR 1903
Y1204492 SFR/D 229 24TH ST $1,799,000 4/3,0,1,0 1996/ASR 3211
S12114109 SFR/A 18 5th ST $2,199,000 3/4,0,0,0 2010/SLR 2155
S12075202 SFR/D 2448 Silverstrand AV $2,689,000 6/4,0,1,0 2001/ASR 4234
S12123796 SFR/D 2240 Monterey BL $3,100,000 4/2,2,0,0 1991/ASR 4080
S12069957 SFR/D 43 20th ST $4,395,000 6/5,0,1,0 2002/ASR 3669
S12123299 SFR/D 412 The Strand $4,875,000 5/2,2,1,0 1929/ASR 3833
S12118481 SFR/D 108 35th ST $4,950,000 4/2,1,1,0 2013/SLR 4000
in Communities, Hermosa Beach, Homes, Market Trends, Oceanfront Homes Posted by Keith Kyle

El Camino Village Real Estate…Hot But Not

The area of Gardena and Lawndale known as El Camino Village has long been a fantastic option for buyers, especially first time home buyers, feeling priced out of many of the family friendly neighborhoods of Redondo Beach and Torrance. The good news is that although prices are going up, they’re still well below other similar areas….the bad news is that there just are no homes available. At the moment there is one home available with 12 pending home sales.  On first look that is an absolutely stunning ratio but it is a bit misleading.  Of the 12 homes 11 are short sales and the other is a flip meaning some of these homes have shown pending status for a very long time.  What looks to be an ultra hot market isn’t quite as active as it appears with an average days on market of 144.  Bottom line in this great area is that it is a great opportunity with the short sale opportunities, but with almost no active inventory and future home for sale likely won’t last long.  See below for the current El Camino Village homes for sale.

MLS# Status Address City Price Br/Ba Yr Blt Sq ft
SB12131049 Active 15234 Cerise AV GR $ 369,000 3/1,0,0,0 1947/ASR 1206 STD
Y1203732 Pending 3242 154 ST GR $ 339,500 2/1,0,0,0 1943/SEE 1282 SPAY
S12112360 Pending 15612 Florwood AV LAWN $345,000 3/1,0,0,0 1952/ASR 1024 SPAY
P701480 Pending 15532 FAYSMITH AV GR $ 349,000 3/1,0,0,0 1947/ASR 1001 SPAY
SW12126917 Pending 15516 Florwood AV LAWN $425,000 3/2,0,0,0 1952/ASR 1500 SPAY
R1204800 Pending 15609 FALDA AV GR $438,900 3/1,0,1,0 1951/ASR 1446
Y1202217 Pending 15607 CERISE AV GR $345,000 3/1,0,0,0 1947/ASR 1078 SPAY
S12095612 Pending 15527 Lemoli AV GR $299,000 3/1,0,0,0 1946/ASR 1026 SPAY
S694642 Pending 3728 MARINE AV LAWN $300,000 3/1,0,0,0 1951/ASR 1106 SPAY
V11033751 Pending 3163 152nd PL GR $310,000 2/1,0,0,0 1943/ASR 975 SPAY
S12099784 Pending 15533 Patronella AV GR $330,000 4/2,0,0,0 1947/APP 1224 NOD, SPAY
R1104644 Pending 3619 152ND ST LAWN $395,000 4/2,0,0,0 1953/ASR 1435 SPAY
P805852 Pending 3222 152ND PL GR $325,000 3/2,0,0,0 1944/ASR 1462 SPAY
12010128 Pending 3238 152ND PL W GR $ 225,000 2/1,0,0,0 1943/ASR 846 SPAY

Below chart shows the recent statistics for the pending sales in El Camino Village. Keep in mind that these are not closed sales and prices only reflect “list” price and not the actual sales price.

in El Camino Village, Market Trends Posted by Keith Kyle

Manhattan Village Real Estate Market Activity

While much of the South Bay and Manhattan Beach real estate markets suffer from low inventory and high demand, making it difficult for many buyers to find the right home, Manhattan Village has seen an abundance of listings in the past month.  There are currently 4 homes on the market, 2 of which are court homes and two are town homes.  In addition a plan 5 estate home is soon due to come on the market as well.  In addition there are currently 3 court homes in escrow as well as 2 estate homes, which are actually single family homes located in a different area of Manhattan Village.  Manhattan Village is a gated community in the coastal community of Manhattan Beach and home prices generally range from the low $700,000s to over $2.0M for certain estate homes.

in Homes, Manhattan Beach, Manhattan Village, Market Trends Posted by Keith Kyle

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