November Home Sales in Redondo Beach

The real estate market in Redondo Beach continued to remain strong with 72 closed home sales during the month with a median sales price of over $1.0M.   The median list price was $1,039,500 and the median sales price was $1,032,500 indicating a very solid seller’s market.  The highest price of the month was at $2,994,000 for new construction at 404 S Gertruda and the lowest price of the month was $425,000 for a one bedroom condo in Brookside Village in South Redondo.

November 2019 is a Seller’s market*

Home For Sale in November 2019: 102 units.

  • Down 23.9% compared to last month
  • Down 31.5% compared to last year

Home Closed in November 2019: 72 units.

  • Down 1.4% compared to last month
  • Up 46.9% compared to last year

Home Placed under Contract in November 2019: 66 units.

  • Down 12% compared to last month
  • Up 10% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales  Seller’s market: less than 3 months of inventory based on closed sales  Neutral market: 3 – 6 months of inventory based on closed sales

View all of the current homes for sale in Redondo Beach

November Home Sales in Redondo Beach CA

MLS Type   Address Price $ per Foot Bed/Bath Sq Feet Year Sold Date
SB19151555 CONDO/A 125 Calle Mayor    #25 $800,000 $596 2/2,0,1,0 1342/A 1974/ASR 11/1/2019
SB19234503 SFR/D 288 Via Linda Vista    $1,299,000 $812 3/2,0,0,0 1600/SEE 1948/ASR 11/22/2019
PV19181776 SFR/D 219 Via Anita    $1,301,000 $919 3/2,0,0,0 1416/A 1954/ASR 11/1/2019
PV19230575 SFR/D 308 Via Colusa    $1,360,000 $699 4/1,1,0,0 1945/A 1948/ASR 11/13/2019
PV19241752 SFR/D 426 Calle De Aragon    $1,810,000 $1,014 3/2,0,1,0 1785/A 1948/ASR 11/13/2019
SB19199630 SFR/D 118 Via Pasqual    $1,900,000 $716 4/4,0,0,0 2654/A 1954/ASR 11/15/2019
SB19220774 SFR/D 929 Calle Miramar    $1,900,000 $517 5/3,0,0,0 3672/A 1957/ASR 11/14/2019
SB19233322 CONDO/A 2001 Artesia BLVD   #401 $440,000 $540 1/1,0,0,0 815/A 2008/ASR 11/22/2019
SB19227271 TWNHS/A 2607 Nelson AVE   #F $705,000 $544 2/1,0,1,0 1295/A 1976/ASR 11/1/2019
SB19224466 TWNHS/A 2120 Dufour AVE   #13 $715,000 $523 3/3,0,0,0 1368/A 1975/ASR 11/14/2019
SW19218319 TWNHS/A 2016 Mathews AVE   #E $789,000 $524 2/3,0,0,0 1507/A 1980/ASR 11/1/2019
ND19250904 SFR/D 2605 Blossom LN   $805,000 $932 2/1,0,0,0 864/A 1957/ASR 11/26/2019
SB19205594 TWNHS/A 2615 Nelson AVE   #C $905,000 $538 3/2,0,1,0 1683/A 2002/ASR 11/15/2019
PV19112271 TWNHS/A 2203 Perkins LN   $1,050,000 $500 3/2,0,1,0 2099/B 2019/BLD 11/25/2019
SR19235300 SFR/D 2216 Gates AVE   $1,218,750 $1,679 2/1,0,0,0 726/A 1947/ASR 11/11/2019
SB19205904 TWNHS/D 2606 Voorhees AVE   #B $1,334,000 $604 3/3,0,1,0 2209/S 2016/BLD 11/8/2019
TR19256026 CONDO/A 2750 Artesia BLVD   #306 $455,000 $529 2/2,0,0,0 860/A 2008/ASR 11/27/2019
SB19210516 CONDO/A 2521 Carnegie LN   #3 $625,000 $453 2/1,0,1,0 1381/A 1980/ASR 11/1/2019
SB19239141 CONDO/A 2012 Carnegie LN   #B $688,000 $573 2/2,0,0,0 1200/A 1979/ASR 11/20/2019
OC19152778 TWNHS/A 2201 Grant AVE   #2 $695,000 $485 3/1,1,1,0 1433/A 1975/ASR 11/20/2019
SB19074483 TWNHS/A 2203 Grant AVE   #C $785,000 $453 3/2,0,1,0 1732/A 1988/ASR 11/1/2019
SB19238664 TWNHS/A 2108 Rockefeller LN   #C $800,000 $577 2/2,0,1,0 1387/A 1980/ASR 11/8/2019
RS19130426 TWNHS/A 1708 Ruxton LN   #B $805,000 $452 3/2,0,1,0 1780/A 2007/ASR 11/7/2019
TR19172901 TWNHS/A 2601 Carnegie Ln#6    $805,000 $495 3/2,0,1,0 1627/A 1981/ASR 11/15/2019
19502860 TWNHS 1729 RUXTON LN   $821,734 $480 4/2,0,1,0 1711/SEE 2000 11/1/2019
SB19217797 TWNHS/A 2521 Grant AVE   #A $835,000 $512 3/2,0,1,0 1632/A 1995/APP 11/22/2019
SB19238067 TWNHS/A 2120 Rockefeller LN   #A $890,000 $463 3/3,0,0,0 1923/A 1988/PUB 11/14/2019
19491110 TWNHS 2417 CARNEGIE LN   #B $939,000 $559 4/3,0,0,0 1680/ 2007 11/18/2019
SB19197433 TWNHS/A 1904 Slauson LN   $944,000 $496 3/2,0,1,0 1902/D 2000/ASR 11/22/2019
SB19223482 TWNHS/A 2214 Marshallfield LN   #A $965,000 $471 3/2,0,1,0 2047/A 1985/ASR 11/13/2019
PV19134721 TWNHS/A 2707 Rockefeller LN   #A $1,000,000 $453 4/4,0,0,0 2209/B 2019/BLD 11/22/2019
PV19241545 TWNHS/A 2220 Rockefeller LN   #C $1,069,000 $568 3/2,0,1,0 1883/AP 2000/ASR 11/25/2019
SB19180125 TWNHS/A 2715 Carnegie LN   #C $1,250,000 $545 4/4,1,0,0 2293/E 2019/BLD 11/27/2019
SB19227396 SFR/D 1710 Marshallfield LN   $1,280,000 $734 4/2,0,0,0 1743/A 1959/ASR 11/18/2019
SB19189198 TWNHS/A 2315 Huntington Ln    #B $1,500,000 $600 4/3,0,1,0 2500/B 2019/PUB 11/29/2019
SB19185434 TWNHS/A 1919 Gates AVE   $1,625,000 $579 4/3,0,1,0 2806/B 2019/BLD 11/1/2019
OC19240609 SFR/D 2604 Alvord LN   $775,000 $848 2/1,0,0,0 914/A 1953/PUB 11/18/2019
SB19151318 TWNHS/D 18515 Burin AVE   $820,000 $521 3/2,0,1,0 1575/E 2019/BLD 11/18/2019
PW19189131 SFR/D 2605 182nd PL   $850,000 $618 2/1,0,0,0 1376/A 1953/ASR 11/14/2019
SB19163061 SFR/D 2521 Armour LN   $1,000,000 $548 4/2,0,0,0 1824/A 1953/ASR 11/19/2019
SB19239159 SFR/D 2517 Fisk LN   $1,015,000 $508 4/3,0,0,0 1998/A 1953/ASR 11/22/2019
SB19217581 SFR/D 1010 Firmona AVE   $1,150,000 $499 4/2,0,0,0 2303/A 1955/ASR 11/1/2019
PV19190354 SFR/D 2613 Alvord LN   $1,850,000 $616 5/4,0,1,0 3003/B 2019/BLD 11/26/2019
PW19256562 SFR/D 1615 Armour LN   $1,050,000 $668 3/2,0,0,0 1572/AP 1963/ASR 11/1/2019
SB19223418 SFR/D 1630 Wollacott ST   $1,060,000 $589 3/2,0,0,0 1800/A 1964/ASR 11/14/2019
SB19233175 SFR/D 1221 Stanford AVE   $1,070,000 $670 3/2,0,0,0 1596/A 1970/ASR 11/8/2019
SB19212753 SFR/D 1729 Steinhart AVE   $1,130,000 $601 3/2,0,0,0 1881/A 1982/ASR 11/7/2019
PV19223215 SFR/D 1749 Wollacott ST   $1,160,000 $531 4/2,0,1,0 2185/A 1985/ASR 11/13/2019
SB19240967 SFR/D 1525 Goodman AVE   $1,230,000 $674 3/2,0,0,0 1824/A 1982/ASR 11/27/2019
SB19264135 SFR/D 1639 Goodman AVE   $1,300,000 $681 3/3,0,0,0 1910/A 1987/ASR 11/21/2019
SB19219628 TWNHS/A 1705 Marshallfield LN   #B $1,310,000 $481 4/3,0,0,0 2726/A 1998/PUB 11/15/2019
SB19248290 SFR/D 1528 Wollacott ST   $1,335,000 $732 3/2,0,1,0 1825/A 1983/ASR 11/26/2019
SB19232948 SFR/D 1512 Goodman AVE   $1,350,000 $747 3/2,0,1,0 1808/A 1984/ASR 11/14/2019
PV19232617 SFR/D 1711 Haynes LN   $1,592,000 $724 3/4,0,1,0 2200/B 2019/BLD 11/20/2019
SB19209830 TWNHS/D 616 N Juanita AVE   #A $1,250,000 $656 3/2,0,1,0 1905/A 1990/ASR 11/21/2019
SB19226574 TWNHS/D 711 N Irena AVE   #1 $1,325,000 $470 4/2,0,1,0 2822/A 1984/ASR 11/14/2019
SB19222858 TWNHS/A 716 N Lucia AVE   #B $1,357,500 $548 3/2,0,1,0 2476/A 1991/ASR 11/1/2019
SB19223236 TWNHS/D 102 S Prospect AVE   #B $1,360,000 $589 4/1,2,1,0 2309/A 2019/BLD 11/8/2019
SB19228857 TWNHS/D 613 N Lucia AVE   $1,495,000 $653 3/2,0,1,0 2291/A 2014/ASR 11/4/2019
SB19203031 CONDO/A 601 S Prospect AVE   #102 $425,000 $574 1/1,0,0,0 740/A 1970/ASR 11/27/2019
SB19218095 CONDO/A 601 S Prospect AVE   #206 $440,000 $658 1/1,0,0,0 669/A 1970/ASR 11/8/2019
IN19243603 CONDO/A 649 S Prospect AVE   #204 $590,000 $604 2/2,0,0,0 977/A 1970/PUB 11/20/2019
SB19183181 TWNHS/A 406 Avenue G    #18 $799,000 $551 3/3,0,0,0 1449/A 1987/ASR 11/7/2019
OC19220079 CONDO/A 1920 S PCH    #201 $974,500 $726 2/2,0,0,0 1342/B 2018/BLD 11/9/2019
SB19207800 SFR/D 747 Avenue B    $1,400,000 $793 4/1,1,0,0 1766/A 1964/ASR 11/1/2019
SB19169055 TWNHS/D 530 Avenue C    #B $1,550,000 $646 3/3,0,0,0 2400/B 2019/APP 11/8/2019
SB19207964 TWNHS/D 544 Avenue A    #B $1,950,000 $794 4/3,0,1,0 2455/B 2019/BLD 11/19/2019
SB19145587 SFR/D 404 S Gertruda AVE   $2,994,000 $771 5/2,2,0,0 3881/D 2019/BLD 11/8/2019
19503544 CONDO 610 The Village    #305 $610,000 $985 1/1,0,0,0 619/ 1974 11/20/2019
PW19188060 CONDO/A 250 The Village    #112 $735,000 $789 1/1,0,0,0 932/E 1978/ASR 11/27/2019
DW19150455 TWNHS/A 515 N Gertruda AVE   #3 $825,000 $503 2/2,0,0,1 1641/A 1989/ASR 11/19/2019
SB19186763 TWNHS/A 313 N Broadway    #8 $955,000 $514 3/2,0,1,0 1859/A 1988/ASR 11/21/2019

Do School Systems Make a Big Difference with Real Estate Values – Absolutely

It’s no real secret that good schools help drive real estate values in certain neighborhoods and communities.  Buyers with kids want to be in areas with good schools and that higher demand helps keep values up.  Even those without kids greatly benefit from a strong school system.  The stronger the schools the more insulated a market is from any downturns.  That was very evident in Redondo Beach that saw home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.

A recent CAR study showed that 47% of home buyers said good schools were very importan, 23% said that they were somewhat important, 11% said not very important and 19% said that it was not important at all.

The 19% may not realize just how much of an influence schools play on values and demand.  Good elementary schools are often part of a good community and without question most buyers would like to live in a good community.

The Redondo Beach Unified School District is highly ranked and that creates a very high demand, especially for families thinking of living in this coastal community.

The study also conclued that 43% of consumers age 34 or under believe highly rated schools are very important.  58% of consumers earning more than $100,000 a year think that highly rated schools are very important.

The Rising Values of 1 Bedroom Ocean View Condos in The Village

The one bedroom Village condos in Redondo Beach are a great indicator of the South Redondo real estate market over time as the units are all the same size and configuration. The

The Village

ocean views make a big difference as well as the floor it’s on, but in general the units are pretty similar. Therefore the changes in values year over year make for a good indication of the direction the market is heading.  See below for information on the sales so far in 2018 and how they compare with 2017 and 2016.  It indicates while prices are still high the market is softening with a smaller increase in values from 2017 as well as a longer average days on market.

2018

As of September 10th,  2018 has seen 5 one bedroom condos sold at a median price of $630,000 and an average price of $628,000.  That averaged out to around $1,015 a square foot for the year.  Another important number was the average days on market for 2017 which was 35.

  Address Price $/Sqft
650 The Village #211  $                  600,000 969
610 The Village #311  $                  645,000 1042
610 The Village #315  $                  630,000 1018
620 The Village #108  $                  610,000 985
650 The Village #108  $                  655,000 1058

2017

In 2017 8 one bedroom condos sold at a median price of $615,000 and an average price of $621,000.  That averaged out to around $993 a square foot for the year.  Another important number was the average days on market for 2017 which was 19.

Address  Price  $/Sqft
650 The Village #214  $                  590,000 953
630 The Village #311  $                  615,000 994
620 The Village #107  $                  615,000 994
660 The Village #108  $                  594,000 960
630 The Village #211  $                  635,000 1026
610 The Village #311  $                  670,000 1082
650 The Village #212  $                  650,000 1050
630 The Village #210  $                  599,000 968

2016

In 2016 10 one bedroom condos sold at a median price of $552,550 and an average price of $557,800.  That averaged out to around $900 a square foot for the year.  Another important number was the average days on market for 2016 which was 29.

Address  Price  $/Sqft
650
The Village #210  $                  545,000 880
630
The Village #207  $                  550,000 889
660
The Village #309  $                  600,500 970
650
The Village #104  $                  520,000 840
640
The Village #312  $                  590,000 953
630
The Village #109  $                  520,000 840
660
The Village #310  $                  570,000 921
620
The Village #206  $                  545,000 880
630
The Village #204  $                  555,000 897
630
The Village #115  $                  582,500 941

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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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.