Market Trends

Sunset at the Ocean Club Pool at The Village

September 10, 2018April 22, 2024

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 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 Beach Front Homes, Communities, Market Trends, South Redondo Beach, The Village oceanview condos Posted by Keith Kyle

August 9, 2018March 10, 2023

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.

in Financing, Interest rates, Market Trends Posted by Keith Kyle

August 3, 2018March 10, 2023

July’s Highest and Lowest Home Sale Prices in Redondo Beach

July 2018 was a solid month for home sales in Redondo Beach CA with 74 closed sales and a median list price of $1,133,000 and a median

sales price of $1,126,000.

The highest price sale of the month was $2,462,000 for a beautifully remodeled craftsman home at 421 Calle De Aragon in the Hollywood Riviera. The home offered 3,000+ square feet, 5 bedrooms, 4 bathrooms, a very nice sized yard and great city and ocean views. The home was listed by Pamela Soladar of Palm Realty.

To view all the homes sold in July 2018 in Redondo Beach see our article on July 2018 Redondo Beach home sales.

The lowest price sale of the month was priced at $600,000 for a one bedroom condo near the beach in South Redondo at 1400 S Catalina #205. The condo offered 1 bedroom, 1 bath and 786 square feet. Originally listed for $614,500 the home was on the market for 51 days. The listing agent was Ross Moore of Remax Estate Properties

Click here to see the current homes for sale in Redondo Beach CA

in Condominiums, Homes of Note, Local News, Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

August 3, 2018March 18, 2023

74 Home Sales in Redondo Beach CA for July 2018

By Keith Kyle South Redondo townhomes for sale

July 2018 was a solid month in Redondo Beach real estate. There were 74 closed home sales and a median list price of $1,133,000 and a median sales price of $1,126,000. Below are all of the homes sold on the market for the month including type, size, number of beds and baths, square feet and year built. To see the home sales in other South Bay cities click here.

To see the current active homes for sale visit the Redondo Beach MLS search.

MLS #	Typ		Address	Price	$ per Ft	Bed/Bath	Sq Foot	Year
PV18100056	CONDO/A	163	Paseo De La Concha#3	$738,000	$ 653.68	2/2,0,0,0	1129/P	1960/ASR
SB18092441	SFR/D	111	Via Sego	$ 1,268,900	$ 696.43	3/2,0,0,0	1822/A	1954/ASR
SB18112788	SFR/D	404	Via Linda Vista	$ 1,379,000	$ 894.29	3/1,1,0,0	1542/A	1954/ASR
SB18125317	SFR/D	409	Calle Mayor	$ 2,175,000	$ 743.08	3/2,0,1,0	2927/A	2001/ASR
PV18097140	SFR/D	421	Calle De Aragon	$ 2,462,000	$ 799.61	5/4,0,0,0	3079/SV	2017/BLD
SB18131650	CONDO/A	2120	Dufour AV #26	$710,000	$ 519.01	3/2,0,0,0	1368/A	1975/ASR
DW18069732	TWNHS/A	2401	Inglewood AV	$755,000	$ 430.44	4/1,2,0,0	1754/A	1987/ASR
SB18147799	TWNHS/A	2617	Mathews AV #3	$800,000	$ 519.82	3/2,0,1,0	1539/A	1988/ASR
SB18124331	TWNHS/A	2610	Ruhland AV #3	$820,000	$568.65	2/1,1,1,0	1442/A	1982/ASR
SB18146559	SFR/D	2203	Graham AV	$835,000	$883.60	2/1,0,0,0	945/A	1947/ASR
SB18063179	DPLX/D	1506	Phelan LN	$860,000	$551.28	4/2,0,0,0	1560/A	1955/ASR
SB18126047	CONDO/A	2113	Mathews #B	$930,000	$512.40	3/2,0,1,0	1815/T	2000/EST
18353598	CONDO	1933	RUHLAND AV #A	$1,005,000	$ 368.40	4/3,0,0,0	2728/	1987
SB18086373	TWNHS/A	1919	Curtis AV #A	$1,070,000	$ 433.90	4/2,0,1,0	2466/AP	1988/ASR
SB18127295	TWNHS/A	1932	Graham AV #A	$1,160,888	$ 476.56	4/2,0,1,0	2436/A	1990/ASR
PV18135252	SFR/D	2004	Nelson AV	$ 1,201,000	$ 534.73	4/3,0,0,0	2246/A	1947/ASR
SB18132380	TWNHS/D	2111	Curtis AV #A	$1,307,777	$ 563.70	4/2,1,0,0	2320/A	2009/ASR
SB18127117	TWNHS/D	1930	Graham AV #B	$1,346,000	$ 527.43	4/2,1,1,0	2552/A	1996/ASR
SB18162402	TWNHS/D	2206	Warfield AV #B	$1,490,000	$ 558.68	4/3,0,1,0	2667/B	2018/BLD
PV18096021	TWNHS/D	2207	Gates AV #A	$1,490,000	$ 559.73	4/3,0,1,0	2662/B	2018/BLD
SB18166221	TWNHS/D	2206	WARFIELD AV #A	$1,500,000	$ 562.43	4/3,0,1,0	2667/B	2018/BLD
SB18118275	TWNHS/A	1920	Carnegie LN #2	$825,000	$ 590.13	3/1,1,1,0	1398/A	1987/ASR
PW18140732	TWNHS/A	2112	Vanderbilt LN #E	$833,000	$ 566.28	2/2,0,1,0	1471/A	1984/ASR
SB18125768	TWNHS/A	2409	Vanderbilt LN #6	$850,000	$ 477.53	3/2,0,1,0	1780/A	1985/ASR
SB18106260	TWNHS/A	1921	Grant AV #B	$930,000	$ 537.57	4/3,0,0,0	1730/A	2012/ASR
SB18150337	TWNHS/A	2619	Carnegie LN #C	$990,000	$ 546.06	3/2,0,1,0	1813/AP	2006/ASR
SB18152895	TWNHS/A	2009	Speyer LN #B	$1,025,000	$ 520.30	3/3,0,0,0	1970/A	1984/PUB
SB18100166	TWNHS/D	2220	Clark LN #B	$1,025,000	$ 479.64	3/3,0,0,0	2137/A	1986/ASR
SB18101609	TWNHS/A	2410	Grant AV #C	$1,185,000	$ 488.66	4/4,0,0,0	2425/D	2018/BLD
SB18144314	TWNHS/A	1913	Spreckels LN #A	$1,230,000	$ 490.04	4/2,0,1,0	2510/B	1990/ASR
SB18080863	TWNHS/D	2313	Clark LN #A	$1,290,000	$ 542.93	4/3,0,1,0	2376/AP	2015/BLD
OC18117094	TWNHS/D	1806	Speyer LN #B	$ 1,350,000	$ 584.42	4/4,0,0,0	2310/A	2014/ASR
SB18033028	TWNHS/A	2309	Clark LN #A	$1,360,000	$ 590.79	4/3,0,1,0	2302/B	2018/BLD
SB18033633	TWNHS/A	2309	Clark LN #B	$1,378,000	$ 594.73	4/2,1,1,0	2317/B	2018/BLD
SB18079012	TWNHS/A	2213	Speyer LN #A	$ 1,390,000	$ 546.38	4/3,0,1,0	2544/B	2018/BLD
SB18086074	TWNHS/A	2213	Speyer LN #B	$1,425,000	$ 560.14	4/3,0,1,0	2544/B	2018/BLD
SB18134687	SFR/D	2602	Fisk LN	$920,000	$ 821.43	3/1,0,0,0	1120/A	1953/ASR
SB18095659	SFR/D	500	Green LN	$965,000	$ 424.18	4/2,0,0,0	2275/AP	1955/ASR
SB18034662	SFR/D	1101	High LN	$990,000	$ 614.53	3/3,0,0,0	1611/A	1955/ASR
PW18131280	TWNHS/A	1006	Palm LN	$733,000	$ 649.82	2/2,0,0,0	1128/A	1977/ASR
SB18128290	TWNHS/A	1400	Stanford AV	$775,000	$ 665.24	2/2,0,0,0	1165/A	1977/ASR
OC18100828	SFR/D	1751	Wollacott ST	$1,090,000	$ 498.86	3/2,0,1,0	2185/A	1985/ASR
SB18101344	SFR/D	1518	Steinhart AV	$1,181,000	$ 569.98	3/2,0,0,1	2072/A	1988/ASR
PV18147749	SFR/D	1510	Steinhart AV	$1,210,000	$ 644.99	3/2,0,1,0	1876/A	1989/ASR
PV18038087	SFR/D	1741	Armour LN	$1,400,000	$ 633.48	3/4,0,1,0	2210/B	2018/BLD
SB18095824	TWNHS/A	222 S	Irena AV #Q	$750,000	$ 554.73	2/2,0,1,0	1352/A	1979/ASR
SB18128269	TWNHS/A	106 S	Lucia AV #1	$875,000	$ 641.03	2/2,0,1,0	1365/A	1983/ASR
PV18117287	TWNHS/D	118 S	Prospect AV #A	$925,000	$ 450.34	4/3,0,0,0	2054/A	1990/ASR
SB18064432	TWNHS/A	620	El Redondo AV #2	$ 1,095,000	$ 438.35	3/2,0,1,0	2498/A	1987/ASR
SB18099904	TWNHS/A	712	Beryl ST	$ 1,157,000	$ 427.25	4/2,1,0,0	2708/S	1990/ASR
SB18133597	TWNHS/A	812 N	Irena AV #B	$ 1,195,000	$ 549.17	3/2,0,1,0	2176/B	2008/ASR
SB18079908	TWNHS/D	224 N	Irena AV #B	$1,230,000	$ 589.65	3/2,0,1,0	2086/A	1989/ASR
18338384	TWNHS	713 N	JUANITA AV #B	$1,330,000	$ 599.37	3/3,0,0,0	2219/A	2009
SB18068766	TWNHS/D	121 S	Guadalupe AV S #B	$ 1,350,000	$ 619.27	4/3,0,0,0	2180/A	2013/ASR
PV18092066	TWNHS/D	239 N	Irena AV #A	$1,480,000	$ 621.85	4/3,0,1,0	2380/A	2014/ASR
SB18113990	TWNHS/D	205 S	Helberta AV #2	$1,500,000	$ 567.32	4/3,0,0,0	2644/A	2000/ASR
PV18076986	TWNHS/A	406	Avenue G #19	$780,000	$ 538.30	3/2,0,1,0	1449/A	1987/ASR
SB18102668	TWNHS/D	1800 S	Pacific Coast #45	$934,000	$ 575.83	3/2,0,1,0	1622/A	2002/ASR
PV18134395	TWNHS/D	1800 S	Pacific Coast HY #77	$959,000	$ 522.33	4/2,1,0,0	1836/A	2002/ASR
SB18117380	SFR/D	1228 S	Prospect AV	$1,030,000	$ 866.27	3/3,0,0,0	1189/E	1952/ASR
SB18134269	SFR/D	1026	Palos Verdes BL	$1,050,000	$ 883.10	3/0,2,0,0	1189/A	1953/ASR
SB18067111	SFR/D	420	Camino Real	$1,190,000	$ 726.94	4/2,0,0,0	1637/AP	1963/PUB
SB18116160	SFR/D	853	Avenue C	$1,650,000	$ 653.72	4/2,1,0,0	2524/A	1952/SLR
PV18073113	TWNHS/D	313 S	Lucia AV #B	$1,650,000	$ 640.78	4/4,0,1,0	2575/B	2018/BLD
SB18141606	SFR/D	511 S	Lucia AV	$2,199,000	$ 539.10	5/3,0,1,0	4079/A	2002/PUB
SB18100340	CONDO/A	1400	Catalina AV #205	$600,000	$ 763.36	1/1,0,0,0	786/A	1971/ASR
SB18076008	CONDO/A	240	The Village #210	$680,000	$ 796.25	1/1,0,0,0	854/A	1978/ASR
SB18071774	CONDO/A	230 S	Catalina AV #202	$709,000	$ 518.65	2/1,1,0,0	1367/A	1974/ASR
SB18134596	CONDO/A	130	The Village #207	$900,000	$ 677.71	2/2,0,0,0	1328/A	1980/ASR
SB18127217	CONDO/D	428	Esplanade #201	$995,000	$ 639.05	3/2,0,0,0	1557/A	1975/ASR
SB18139902	CONDO/A	727	Esplanade #304	$ 1,200,000	$ 944.88	2/2,0,0,0	1270/A	1974/ASR
SB18133149	CONDO/A	230 S	Catalina AV #408	$ 1,250,000	$ 738.77	3/1,1,0,0	1692/A	1974/ASR
SB18140289	TWNHS/A	1206	Catalina AV #A	$1,445,000	$ 746.77	3/2,0,1,0	1935/A	1999/ASR
SB18128871	TWNHS/D	306 S	Broadway #B	$ 1,499,000	$ 609.35	4/2,0,1,0	2460/A	2005/ASR

in Homes, Homes of Note, Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

June 11, 2018

Are Contingent Offers Starting to Be a Workable Strategy?

By Keith Kyle

In the past two months I’ve had three contingent offers accepted. Not only were the offers accepted but my clients homes were not even on the market yet. I spent much of 2017 submitting contingent offers for these clients only to be rejected time and time again. Often times we were competing against 15-20 other offers and some were all cash….we didn’t have a chance.

So is that changing?

It may just be timing, luck or the right situation, but sellers seem to be considering contingent offers in the current Redondo Beach real estate market. It’s key to submit a VERY strong offer in regards to price and terms, but sellers may be realizing that the buyer’s homes will likely sell fairly quickly.

For those that don’t know what a contingent offer is…..there are many situations in which a home buyer needs to sell their home to have enough money for the down payment and to qualify for the loan. When you submit an offer that requires the buyer to sell their home to make it work…that’s a contingent offer. It adds a whole additional level of uncertainty to the sellers of the home being purchased. No longer is their just a home inspection, appraisal and loan on their house……but likely a home inspection, appraisal, and loan on the buyers sale as well. The uncertainty is the reason most sellers won’t consider it unless it’s the only option.

In a sellers market with multiple offers and high demand, getting a contingent offer accepted is a long shot at best, but maybe the recent wave of acceptances is a sign that things are changing slightly.

in Market Trends, Real estate strategy, South Redondo Beach Posted by Keith Kyle

Redondo Beach Real Estate in September – By the Numbers

Just like the rest of the Beach Cities, the Redondo Beach real estate market is on fire. August saw 113 home sales. Here’s a quick recap of the Redondo market based on todays date of 9/19/17:

Active Listings

Current active homes for sale: 111
Average list price: $1,887,000 (which is very skewed due to a $25M listing, $16M listing and $13M listing)
Median price of homes for sale: $1,199,000
Average list price without $25.0M, $16.0M and $13.0M listings: $1,440,000
Average days on market: 63
Highest price: $25,000,000
Lowest price: $469,000

Pending Sales

Number of pending home sales: 103
Average list price: $1,169,000
Median list price $1,049,000
Highest price: $4,999,000
Lowest price: $464,000

Closed Sales (past 30 days)

104 closed sales
Average list price: $1,188,000
Average sales price: $1,179,000
Median list price: $1,089,000
Median sales price: $1,073,000
Highest sale: $3,250,000
Lowest sale: $437,000

in Communities, Market Trends, Redondo Beach Real Estate, South Redondo Beach Posted by Keith Kyle

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

2018

2017

2016

In Perspective – Historical 30 Year Fixed Mortgage Rates

July’s Highest and Lowest Home Sale Prices in Redondo Beach

74 Home Sales in Redondo Beach CA for July 2018

Are Contingent Offers Starting to Be a Workable Strategy?

Redondo Beach Real Estate in September – By the Numbers

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