Market Trends

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Category: Market Trends

Can the real estate market in the Golden Hills Support this price?

By Keith Kyle1637 Armour Lane

**Update** The home was recently reduced from $1,050,000 to $999,000 but is still active and for sale.

We recently sold the home at 1637 Armour in the Golden Hills of Redondo Beach for what, at the time, was a very big number of $885,000.  We had 9 offers and the demand was pretty unbelievable.  It was a fairly rare situation in the Golden Hills as it was a smaller house at 1048 sq feet but it was all a single level and had a 4,100 foot lot.  The typical lot in the Golden Hills is 2500 so this is a unique piece of property.  The home sold in May of 2016 and is now back on the market for an unheard of $1,050,000 just months later.  To our knowledge there were no upgrades done since they purchased.

Will the market possibly bear this price?

Only time will tell.

[idx-listing mlsnumber=”WS16707161″ showall=”true”]

in Communities, Golden Hills, Market Trends Posted by Keith Kyle

Big Numbers in Redondo Beach Home Sales for June 2016

By Keith Kyle

The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices.  Home prices were up year over year in every South Bay city other than Manhattan Beach and Redondo Beach posted some very big numbers.  99 homes sold in June at a stunning $950,000 which is way higher than normal.  It’s rare to see median prices near the million dollar price range in this small coastal community.  To see the homes sold in Redondo Beach for June 2016 view our recent sales information.

City Homes
Sold		 June
2016 Median		 June
2015 Median		 Year
over Year % Change%
Carson 63 $450,000 $425,000 5.8%
El Segundo 17 $1,121,000 $888,000 26.2%
Gardena 47 $430,000 $399,000 7.8%
Harbor City 18 $547,000 $360,000 51.9%
Hawthorne 37 $624,000 $539,000 15.7%
Hermosa Beach 24 $1,248,000 $1,230,000 3.6%
Lawndale 13 $519,000 $450,000 15.2%
Lomita 16 $555,000 $530,000 4.7%
Long Beach 408 $470,000 $450,000 4.4%
Manhattan Beach 40 $1,962,000 $2,400,000 -18.25%
Marina Del Rey 32 $900,000 $810,000 11.1%
Palos Verdes Estates 39 $1,533,000 $1,500,000 2.2%
Playa Del Rey 22 $603,000 $610,000 -1.2%
Rancho Palos Verdes 75 $1,200,000 $1,110,000 8.2%
Redondo Beach 99 $950,000 $870,000 9.2%
San Pedro 79 $500,000 $472,000 6%
Torrance 163 $635,000 $597,000 6.3%
Westchester 44 $1,050,000 $923,000 13.8%
in Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

Redondo Beach Sees Year Over Year Home Price Increase for May of 2016

Redondo Beach, CA saw a year over year price increase in May with 96 homes sold this month at a median price of around $950,000 which was considerably up from $845,000 the prior May.  Redondo Beach was the only one of the Beach Cities (Manhattan Beach, Hermosa Beach and Redondo Beach) to see gains over the prior year.  The 96 home sales is a big number for Redondo and is a good indication that the market activity has picked up with more homes coming on the market.  Click here to see the homes sold in Redondo Beach for May of 2016.

City HomesSold May 2016 Median May 2015 Median Year over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%
in Market Trends, Redondo Beach Real Estate, South Redondo Beach Posted by Keith Kyle
Luxury living rooms in Redondo Beach

April 2016 Median Home Prices & Home Sales in Redondo Beach CA

By Keith Kyle

The April home sales numbers and median prices were once again impressive in Redondo Beach and throughout most South Bay cities. Some cities saw a drop in median prices from the previous year but all are still trending upwards from 2015.

Redondo saw 102 closed sales in April of 2016 with a median home price of $902,000.

Visit our South Bay real estate site to see the recent home sales in Redondo Beach and the South Bay.

City Homes Sold April 2016 Median April 2015 Median Year over Year % Change%
Carson 59 $426,000 $414,000 2.9%
El Segundo 13 $900,000 $787,000 14.3%
Gardena 39 $445,000 $395,000 12.7%
Harbor City 14 $517,000 $412,000 25.6%
Hawthorne 43 $552,000 $484,000 14%
Hermosa Beach homes 22 $1,333,000 $1,450,000 -8%
Lawndale 17 $400,000 $410,000 -2.4%
Lomita 19 $475,000 $485,000 -2.1%
Long Beach 331 $440,000 $425,000 3.5%
Manhattan Beach Homes 35 $2,200,000 $1,880,000 17%
Marina Del Rey 29 $874,000 $940,000 -7%
Palos Verdes Estates 41 $1,365,000 $1,537,000 -11.2%
Playa Del Rey 19 $705,000 $427,500 64.9%
Rancho Palos Verdes 46 $941,000 $1,040,000 -9.5%
Redondo Beach 102 $904,000 $844,000 7.1%
San Pedro 49 $490,000 $448,000 9.4%
Torrance real estate 147 $590,000 $590,000 0%
Westchester 32 $915,000 $873,000 4.8%
in Communities, Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

March 2016 Median Home Prices for Redondo Beach and the South Bay.

By Keith Kyle

The numbers for March are in Redondo Beach saw another solid month with  89 homes sold in Redondo Beach and a median home price of $893,000 which was slightly up from the previous month.  There is a healthy number of new construction projects coming out in both north and south Redondo which is helping keep the home prices up.

City Homes
Sold		 March
2016 Median		 March
2015 Median		 Year
over Year % Change%
Carson 54 $447,500 $426,500 4.9%
El Segundo 10 $1,006,000 $849,000 18.5%
Gardena 58 $475,000 $403,500 17.7%
Harbor City 14 $450,000 $455,000 -1.1%
Hawthorne 36 $513,000 $642,000 -20.2%
Hermosa Beach 16 $1,183,000 $1,310,000 -9.7%
Lawndale 10 $385,000 $447,000 -13.9%
Lomita 11 $530,000 $481,000 10.1%
Long Beach 327 $478,000 $414,000 15.3%
Manhattan Beach 41 $2,275,000 $1,940,000 17.3%
Marina Del Rey 18 $1,025,000 $860,000 19.2%
Palos Verdes Estates 28 $1,355,000 $1,400,000 -3.2%
Playa Del Rey 18 $560,000 $546,000 2.6%
Rancho Palos Verdes 56 $1,156,250 $1,044,500 10.7%
Redondo Beach 89 $893,000 $862,000 3.7%
San Pedro  80 $554,000 $481,000 15.1%
Torrance 133 $615,000 $530,000 16%
Westchester 25 $910,000 $854,000 6.6%
in Market Trends, North Redondo Beach, South Redondo Beach, Torrance Posted by Keith Kyle
Luxury kitchens in Redondo Beach

January Home Prices in Redondo Beach Continue to Rise

January 2016 Home Prices in Redondo Beach and the South Bay

January 2016 showed to be another strong month in the Redondo Beach real estate market with the median home price nearing almost $900,0000.  Demand continued with no end in sight as homes often sold quickly and over their asking prices.

Click here to see the recent home sales in Redondo Beach CA.

City HomesSold January2016 Median January2015 Median Yearover Year % Change%
Carson 27 $415,000 $385,000 7.8%
El Segundo real estate 8 $1,074,500 $799,000 34.5%
Gardena 28 $471,000 $399,000 18%
Harbor City 13 $500,000 $454,000 10.1%
Hawthorne homes for sale 33 $457,000 $500,000 -8.5%
Hermosa Beach homes 10 $1,783,500 $1,680,000 6.2%
Lawndale homes for sale 9 $450,000 $430,000 4.7%
Lomita 12 $420,000 $365,000 15.1%
Long Beach 241 $425,000 $406,000 4.7%
Manhattan Beach real estate 22 $1,760,000 $1,675,000 5.1%
Marina Del Rey 16 $1497,000 $855,000 75.1%
Palos Verdes Estates 19 $1,272,000 $1,251,000 1.7%
Playa Del Rey 10 $574,000 $527,000 9.0%
Rancho Palos Verdes 38 $900,000 $1,015,000 -11.3%
Redondo Beach homes 66 $885,000 $802,000 10.3%
San Pedro 47 $465,000 $450,000 3.4%
Torrance real estate and homes 83 $632,000 $617,000 2.3%
Westchester 22 $880,000 $900,000 -2.2%
in Homes, Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

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