Luxury homes for sale in the Hollywood Riviera of Redondo Beach

2023 Year in Review – Redondo Beach Home Sales & Home Prices

Redondo Beach Real Estate Market - 2023 By the Numbers

Historically it was a somewhat slower year for home sales in Redondo Beach with a total of 565 homes selling during the year. The lower number of sales was not due to a lack of demand, but a lack of inventory as there were fewer listings than in years past. We believe much of the slow down was due to higher interest rates, but not for the obvious reason. There were fewer homeowners willing to sell their home in order to upsize, downsize or relocate as that would likely mean a big jump in rate and monthly payments. When you have a current interest rate, as many due, in the 4s, 3s and even the 2%s it’s hard to consider selling and buying at 7%. That said prices were impressive and the number of homes sold still made for a solid year.
Luxury homes for sale in the Hollywood Riviera of Redondo Beach

North Redondo Beach 90278

  • Number of homes sold:  289
  • Average asking price: $1,434,346
  • Average sold price: $1,435,968
  • Median asking price:  $1,350,000
  • Median sold price:  $1,365,000
  • Average price per sq foot: $816
  • Averge days on market:  42
  • Median days on market: 14

South Redondo Beach 90277

  • Number of homes sold:  219
  • Average asking price: $1,543,323
  • Average sold price: $1,542,338
  • Median asking price: $1,395,000
  • Median sold price: $1,400,000
  • Average price per sq foot: $924
  • Averge days on market:  32
  • Median days on market: 13
The highest priced home sale in south Redondo (not including the Hollywood Riviera that saw the oceanfront home at 417 Paseo De La Playa sell for $17,500,000) was another oceanfront home at 709 Esplanade that sold for $10,825,000 in August…..which happens to be back for sale just months later at $11,900,000.  See the active listing for 709 Esplanade Redondo Beach, CA. The highest priced home that sold in north Redondo was a new construction single family home at 2403 Ralston Lane, Redondo Beach, CA 90278 that sold for $3,950,000 back in September.
Signing paperwork

In Perspective – Historical 30 Year Fixed Mortgage Rates

Many buyers are concerned with interest rates rising and that’s certainly valid as a higher interest rate means a higher monthly payment which most often means that you can’t afford a home you might have only months earlier.  Taken in historical standpoint the current rates are dramatically lower than at just about any other time.  The chart below shows the interest rate on conventional and conforming 30 year fixed rate mortgages.  As we’ll see we’ve basically seen rates drop consistently since the high water mark of 16.3% in 1981.  It certainly makes todays current rate in the mid 4% range seem pretty enticing.



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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


1801 S Catalina Ave, Redondo Beach, CA 90277






keith kyle

Top Producing Realtor


Sotheby's International

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.