Category: Market Trends
2022 Redondo Beach Real Estate Recap – By the Numbers
What a year it was for home sales and home prices in Redondo Beach CA. There were 658 condos, townhomes and homes sold during 2022.
The median sales price was an impressive $1,450,000 and average price per square foot was $849.
Homes averaged only 18 days on market before going into escrow.
434 Calle Miramar the ONLY Hollywood Riviera Home to Sell in January
While the overall real estate market in Redondo Beach was pretty slow in January, the market in the Hollywood Riviera came to an almost complete stop. There was only one property that closed escrow in the Hollywood Riviera during the entire month.
The only closed sale was a 2 bedroom townhome at 434 Calle Miramar in the Village Palos Verdes complex. The location of this complex is great as it’s just blocks to the ocean and beach but does get a bit of road noise. This 2 bedroom unit is the smallest layout with a bit under 1,400 square feet. Some units have great ocean views but unfortunately 434 Calle Mirarmar didn’t offer any ocean views but certainly enjoys the beach breezes and weather.
View the MLS listing details below.
434 Calle Miramar Basics
- 2 bedrooms
- 2.5 bathrooms
- 1,388 square feet (buyer to verify)
- $505 HOA per month
- 2 car attached garage
- Listed for $1,150,000 and sold at $1,147,500
434 Calle Miramar, Torrance 90277 – Sold for $1,147,500
Listing courtesy of Marilyn Cohn – RE/MAX Estate Properties – 310-378-9494
This is Getting Crazy – Only 18 Homes for Sale in Redondo Beach
Inventory of Redondo Beach homes for sale always drops in December as owners don’t want the hassle of showings and open houses during the holidays but the level of available home inventory is starting to be a real concern. Considering that there were 125 homes for sale in December of 2020 it’s not hard to see that it’s a problem. The current market is just about perfect for home sellers but that’s definitely the opposite for home buyers at the moment. Keep visiting our active Redondo Beach homes for sale page for continually updated listings.