Market Trends

Redondo Beach homes for sale and real estate > Blog – Redondo Beach real estate blog and market news > Market Trends

Category: Market Trends

Redondo Beach real estate trends

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

First the good news for buyers.  The number of new listings has continued to increase for the past several months with monthly increases since January (March was an exception). Unfortunately that hasn’t meant finding a home is any easier as the increase in listings has also seen a significant increase in home sales and pending escrows. According to Keith Kyle, Realtor with South Bay Brokers in Manhattan Beach, “the increased number of listings is a good sign, but it hasn’t alleviated much of the pent up demand.

Redondo Beach real estate trends

in Communities, Hermosa Beach, Manhattan Beach, Market Trends, North Redondo Beach, South Redondo Beach, Torrance Posted by Keith Kyle

Hermosa Beach Sand Section Real Estate Update

The inventory remains low in the sand section of Hermosa Beach with only 5 single family homes on the market in this very sought after area of the South Bay.  The sand section is the area of Hermosa Beach from The Strand (Hermosa’s famous ocean front walk) to the greenbelt located at Valley and Ardmore and offers many homes that have tremendous ocean views and are in close proximity to the beach and downtown Hermosa and Pier Plaza.

[idx-listings community=”Hermosa Beach Sand” statuses=”1″ propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”5″ showlargerphotos=”true”]

in Communities, Hermosa Beach, Market Trends, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle

Home Sales On the Rise in the Beach Cities

May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo.  Both the number of sales and home prices were on the rise.  The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise.  According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market.   We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”

View the homes sales by clicking any of the May 2013 home sale links below.

in Communities, El Camino Village, El Porto, Fusion South Bay, Golden Hills, Hawthorne, Hermosa Beach, Hollywood Riviera, Manhattan Beach, Manhattan Beach Hill Section, Manhattan Beach Sand Section, Manhattan Beach Tree Section, Manhattan Village, Market Trends, North Redondo Beach, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle
Golden Hills of Redondo Beach

Inventory, Home Sales, Pendings and Prices All Rising in Golden Hills of Redondo Beach

Unlike the adjacent neighborhoods of Manhattan and Hermosa Beach, the real estate market in the Golden Hills of Redondo Beach, just east of Hermosa has been somewhat unique in recent months.  Everything seems to be on the rise with the number of active homes for sale increasing, sales increasing, pending home sales increasing and prices on the rise.  The area is home to a rather unique type of single family home known as a “tall and skinny” in the local real estate world.  With lots dimensions at 25 x 100 and minimal setback requirements, most homes are only separated by 5 feet and is something not seen in many other neighborhoods. Read more about the pros and cons of Golden Hills Real Estate.  According to Redondo Beach real estate specialist Keith Kyle, “we’re seeing homes selling over list price, with multiple offers on a fairly regular basis and prices have rebounded considerably in 2013.”

Real Estate Statistics and Trends for The Golden Hills in Redondo Beach

The report above shows the recent housing activity, including active homes for sale (light green), pending home sales (red line) , and closed home sales (dark green).

The chart above shows the average price per square foot in the Golden Hills

The chart above shows the average days on market as well as the % of sale price compared with the list price

The chart above shows the median home prices (light blue) as well as average list prices and average sold prices

in Communities, Golden Hills, Market Trends, North Redondo Beach Posted by Keith Kyle

Torrance Short Sales At Lowest Point Since 2007

As a short sale specialist I have tracked the short sale market for years and as Torrance is the largest city in the South Bay, it has been a very good indicator of how much of a factor short sales and bank owned homes have been on the local market.  Short sales first became a factor in mid 2007 with a high point in 2010.  In August of 2010 there were 159 active short sale homes for sale in Torrance.   Those numbers started to decline in April of 2011 and have continued downward to the current level which has seen an average of 4 homes for sale for the past few months.  What was a source of the “deals” sought by buyers is no longer putting downward pressure on the market and has basically ceased to be a factor. View short sale homes for sale on our distressed home site for Torrance and all of the South Bay

in Foreclosures, Market Trends, Torrance Posted by Keith Kyle
Luxury primary bedroooms

Hollyglen Real Estate Sales way up and Inventory On the Rise

Hollyglen Real Estate UpdateLuxury primary bedroooms

One of the best kept secrets in the South Bay is the neighborhood of Hollyglen, a small pocket of Hawthorne just west of the 405 freeway.  The neighborhood has it’s own award-winning school district and has a friendly and quiet feel that rivals the Torrance neighborhoods of Southwood and West Torrance.  The biggest challenge for buyers over the past few months has been the lack of inventory and quickly rising prices.  That may be changing, however, with a significant increase in the available homes.  At the moment there are 7 single family homes available in the Hollyglen and Del Aire areas (all west of the 405 which has significant value differences from the area east of the 405) and a whopping 17 homes currently in escrow.  This in a market that has recently seen only a trickle of available homes.  If you’re open for expanding your search consider other homes for sale in Hawthorne CA.   Below are the current listings as of May 7th 2013.  For the most up to date list visit our Hollyglen real estate site.

May 2013 Pending single family home sales in Hollyglen.

MLS# Type Address Type Price Br/Ba Year Built Sq Feet
SR12134440 SFR/D 5330 126th ST Shortsale $499,000 3/2,0,0,0 1950/ASR 1410
SB13049857 SFR/D 5424 118th ST STD $559,000 3/2,0,0,0 1942/ASR 2020
SB13059784 SFR/D 5511 141st ST STD $599,000 3/2,0,0,0 1954/ASR 1358
SB13079809 SFR/D 5253 140th ST STD $599,000 3/1,1,0,0 1955/ASR 1453
SB13003455 SFR/D 5431 142nd PL STD $649,000 3/2,0,0,0 1954/ASR 1527
SB13069270 SFR/D 5430 134th ST STD $669,000 3/1,1,0,0 1955/ASR 1640
SB13078751 SFR/D 5521 134th PL STD $679,000 3/1,1,0,0 1955/ASR 1885
SB13022706 SFR/D 5503 133rd ST STD $829,000 3/2,0,1,0 1955/ASR 3230
13659135 SFR/D 5448 122ND ST STD $975,000 4/4,0,0,0 2006/BLD 2693
13661003 SFR/D 5332 119TH ST STD $395,000 41306 1941 1029
SB13049943 SFR/D 5338 119th PL STD $499,000 2/1,0,0,0 1941/APP 829
S12090019 SFR/D 5552 123rd PL Shortsale $525,000 4/2,0,0,0 1950/ASR 1802
SB13074619 SFR/D 5351 123rd PL STD $525,000 3/1,0,1,0 1950/ASR 1082
SB13075542 SFR/D 5525 122nd ST STD $539,000 3/1,0,0,0 1950/ASR 1091
SB13073743 SFR/D 5308 123rd PL STD $599,500 3/2,0,0,0 1950/ASR 1370
SB13070069 SFR/D 5349 127th ST STD $629,000 3/2,0,0,0 1950/ASR 1578
PV13048265 SFR/D 13210 Clyde Park AV STD $635,000 3/2,0,0,0 1955/ASR 1124

Current homes for sale in Hollyglen and Del Aire*


Click any MLS number above for details and photos of the home.

*We may not be the listing agent on the properties above and are providing this information as a service to our clients. We represent both buyers and sellers in Hollyglen and would be happy help with your search as well.

in Communities, Hollyglen and Del Aire, Homes, Keith Kyle, Market Trends Posted by Keith Kyle

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

redondo beach

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

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

CONTACT AGENT

DRE#01712785

keith kyle

Top Producing Realtor

ENQUIRE

Sotheby's International

Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties
Learn More

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

Facebook-f Twitter Instagram Pinterest
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.