South Redondo real estate and homes for sale by Keith Kyle top producing realtor
Let Redondo Beach realtor, Keith Kyle, take you on a video tour of some of the ocean front homes and buildings in Redondo Beach CA. To view the current homes for sale visit our Redondo Oceanfront listings site.
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With the local real estate market so active, home inventory at near record lows and buyers in a frenzy to find homes, the buzz is all about “off market” listings. So what does that really mean and how can it benefit you? Off market listings can mean a number of different things which can include:
There are other opportunities as well with some sellers taking a “make me move” type approach in which the right price just may get them to consider selling. Other potential opportunities may include knowing which homes have a notice of default or notice of trustee’s sale, and they may consider doing a short sale (although most lenders require the home to be “on the market” for them to consider)
So how do you find out about off market listings? The best way is to find a local realtor that spends time networking with other agents and homeowners. Intimate market knowledge is critical as many top agents share listing information prior to it going on the MLS or being marketed to the masses. I generally hear of 10 listings or so each week that are off market or not yet listed and this can be a tremendous advantage in a market that is so competitive. Contact South Bay realtor Keith Kyle for information on off market listings and homes not yet on the MLS.
The Hollywood Riviera real estate market has taken off in the past few weeks with a median list price of over $1.5M which is a fairly unbelievable number for an area with a median sales price of just over $1.0M for the past 4 months. Included in these sold homes was the ocean front home at 623 Paseo De La Playa which sold for $2.625M and without that very unique sale, median prices would have been considerably lower. What accounts for this incredible increase?
According to Redondo Beach specialist, Keith Kyle, it is a combination of a number of factors. “The market has clearly changed in the past few months with inventory dropping and prices rising. In addition the homes currently on the market just happen to be more upgraded and larger as sellers with luxury homes in the Hollywood Riviera have decided it is great time to list their homes. One last factor is the dramatic reduction in the number of distressed sales. As of a year ago distressed sales made up a sizable portion of the listings and are almost non-existent these days.” Click here to view the most recent home sales in the Hollywood Riviera.
If you dream of big ocean views, the sounds of the sea, and living by the beach….Redondo Beach may be an ideal place to consider. Unlike neighboring Manhattan Beach, Hermosa Beach and Palos Verdes, with oceanfront homes meaning a multi million dollar price tag, Redondo Beach offers a far more affordable way of living at the beach. Currently there are 6 condos that either offer ocean views or are ocean front in South Redondo. According to top Redondo Beach realtor Keith Kyle, “Redondo Beach has very different zoning than Manhattan or Hermosa, which allowed for high rise complexes to be built in the 1970s. This allowed for a much larger number of ocean front and ocean view homes which has kept prices far more affordable. Below is a list of the current condos located in The Village, Seascape and the various buildings along the Esplanade, Redondo’s oceanfront street.
Take a tour of some of the buildings mentioned above and get a better sense of your oceanfront condo opportunities.
As one of the top listing and selling Realtors in Redondo Beach, we know how to help buyers find and negotiate on the right home, and know how best to get Redondo Beach home sellers the highest sales price with the fewest hassles. View our Redondo Beach home sales and listings to get a sense of the homes we sell and how we may be able to help with your real estate needs
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It’s no secret that it’s a frustrating world out there for home buyers. Oh how quickly things turned from a strong buyers market to a market clearly favoring sellers. According to Redondo Beach Realtor Keith Kyle “There is incredibly low inventory everywhere and the high demand areas of the South Bay such as Manhattan Beach, Hermosa Beach and Redondo Beach have little to offer buyers at the moment”. To make life even more frustrating for Beach Cities home buyers, is that the moment a well priced home comes on the market, the frenzy starts with buyers often going way over asking price, waiving the appraisal contingency and simply buying homes above current market value. The chart below sums it up pretty clearly with the number of active homes for sale in the South Bay plummeting from over 1500 a year ago to just over 600 in December of 2012. This is while the number of closed sales has remained steady.
To view the current homes for sale visit our South Bay MLS search, or click our recent home sale page to see the most recent home sales in the South Bay cities of Manhattan, Hermosa, Redondo Beach, Torrance, El Segundo and surrounding areas.
