Redondo Beach September 2014 Home Prices

The real estate market continued to show strong numbers in Redondo Beach CA with 88 home sales and a median home price of $785,000.  Housing inventory remained low and demand continued to be strong in Redondo.

City Homes
Sold
September
2014 Median
September
2013 Median
Year
over Year % Change
Carson 38 $363,000 $360,000 0.83%
El Segundo 9 $526,250 $730,000 -27.91%
Gardena 34 $365,000 $352,500 3.55%
Harbor City 13 $465,000 $375,000 24.00%
Hawthorne 35 $495,000 $473,500 4.54%
Hermosa Beach 17 $1,020,000 $1,032,500 -1.21%
Lawndale $400,000 $432,500 -7.51%
Lomita 8 $522,750 $430,000 21.57%
Long Beach 314 $420,000 $388,500 8.11%
Manhattan Beach 32 $1,950,000 $1,675,000 16.42%
Marina Del Rey 31 $797,000 $848,000 <-6.01%
Palos Verdes Estates 34 $1,575,000 $1,306,000 20.60%
Playa Del Rey 24 $534,050 $467,000 14.36%
Rancho Palos Verdes 51 $1,038,000 $1,053,000 -1.42%
Redondo Beach 88 $785,000 $750,000 4.67%
San Pedro 56 $448,250 $430,000 4.24%
Torrance 117 $530,000 $525,000 0.95%
Westchester 34 $869,000 $724,000 20.03%
Luxury homes in Redondo Beach

Are All Redondo Beach Listing Agents the Same?

It always surprises me just how little effort and expertise goes into prepping and presenting homes for sale.  In a real estate community like Redondo Beach, with median home prices often nearing $1.0M, you would think that all realtors would be good. The way a home is presented in marketing and advertising can mean the difference between getting an offer or sitting on the market and can mean 10’s of thousands of dollars to a home seller.

Photo-comparison

Above is a great example that I came across the other day while searching listings.  These pictures of one bedroom condos for sale in The Village of Redondo Beach make a great impact as they are generally the same room, floorplan and angle.  Honestly which would you be more inclined to see and visit?  Both properties were vacant but the home on the left was staged and professional photographer used.  It simply looks brighter and more inviting and a buyer would be far more likely to want to take a look and tour the home.

So why do some sellers choose realtors that put so little effort into selling their Torrance homes?

That’s a great question but there is really no great answer.  Sellers sometimes use a friend of the family, perhaps someone they know, or someone that sends out flyers to the neighborhood.  Regardless of where the realtor comes from it’s astounding that sellers don’t ask how the realtor will prep and market the property.

So what should a Redondo Beach home seller do?

Research….find out which agents are successful selling in the area and find out why.  Then look at past listings to see how the homes look.  It’s no mistake that some agents just have better looking listings.  Some agents simply do more and want every home they sell to look as good as possible.  Ask to see marketing samples and insist on your realtor using a professional photographer as it can make a huge difference.  Sellers have one chance to be a “new listing” and take advantage of the interest and momentum that comes along with that. Would you rather have your home look like the one on the left, or the one on the right.  Keep in mind that the commission you are paying is usually the same….whether your realtor does the bare minimum and puts forward little effort, or goes well above and beyond to market your home.


Button-Redondo-Sellers

 

golden hills redondo

1634 Ford Street in the Golden Hills of Redondo Beach

**Update  Home Just Sold**golden hills redondo

Welcome home to this wonderfully remodeled  single family home in the Golden Hills of Redondo Beach. This beautiful home boasts a great split level floorplan that offers a spacious and open layout with all three bedrooms on the same floor and a stylish interior.    Features include a gorgeous kitchen with stainless steel appliances, granite counter tops, pendant light and recessed lighting with great natural light.  Custom paint and dramatic dark hardwood floors extend throughout the home giving the home a true designer feel.   Nice sized master suite offers large customized closets, gleaming hardwood floors, newer doors and windows and a beautifully remodeled bath.  The 2nd and 3rd bedrooms share another stylishly remodeled bathroom with custom tile and frameless shower.   Both bedrooms are west facing and offer great natural light and sit high above the neighboring home to take full advantage of the coastal breezes.   Spacious one car garage has a laundry area, direct access to the home, and a full size access door to the seemingly endless storage space underneath the home.   Just a few blocks from both Hermosa and Manhattan Beach this home is the perfect starter home in a fantastic neighborhood.  View all of the current homes for sale in the Golden Hills of North Redondo Beach

Contact listing agent Keith Kyle at 310-251-2344 or Keith@KeithKyleHomes.com for more information

South Bay open houses

Big Weekend for Redondo Beach Open Houses

By Keith KyleSouth Bay open houses

During a week in which most other South Bay cities are only offering a very limited number of homes to see, the open house schedule for September 20th and 21st in Redondo Beach has plenty to offer….and plenty to tour.  This weekend sees more than usual with several advertised open houses.  See the list below for Redondo Beach and the South Bay open houses.  If you’re seeing this post after the September dates please visit our South Bay open houses site for updated homes for sale and schedules.

 

July 2014 Median Home Prices for Redondo and the South Bay

By Keith Kyle

July 2014 saw some big numbers in terms of both number of homes sold as well as median prices.  Redondo Beach had 97 sold homes at a median price of just under $1,000,000 which is a pretty significant number for this coastal community.  Most other South Bay cities also saw some significant year over year increases in prices with the exceptions being Torrance, Marina Del Rey and Playa Del Rey.  To see the actual homes sales in each city visit our recent home sales price and information site.

City Homes Sold July 2014 Median July 2013 Median Year over Year % Change
Carson 48 $382,500 $350,000 9.29%
El Segundo 15 $872,000 $797,000 9.41%
Gardena 50 $385,000 $332,500 15.79%
HarborCity 13 $480,000 $465,000 3.23%
Hawthorne 51 $505,000 $400,000 26.25%
Hermosa Beach 26 $1,230,000 $1,097,500 12.07%
Lawndale 8 $412,000 $331,250 24.38%
Lomita 13 $555,000 $452,000 22.79%
Long Beach 330 $400,000 $365,000 9.59%
Manhattan Beach 43 $1,795,000 $1,521,250 18.00%
Marina Del Rey 33 $757,500 $862,500 -12.17%
Palos Verdes Estates 51 $1,600,000 $1,291,000 23.93%
Playa Del Rey 23 $507,000 $512,000 -0.98%
RanchoPalos Verdes 54 $1,069,000 $1,100,000 -2.82%
Redondo Beach 97 $865,000 $758,000 14.12%
San Pedro 49 $440,000 $420,500 4.64%
Torrance 142 $540,000 $576,250 -6.29%
Westchester 48 $777,500 $715,000 8.74%
Redondo Beach Hollywood Riviera

Why Homes are More Expensive in South Redondo than North Redondo Beach

Why South Redondo Homes Cost More than North Redondo Homes

For buyers (and sometimes even sellers) unfamiliar with the differences in local market in the South Bay, Redondo Beach is just one single real estate market.  In reality the differences between neighborhoods can be significant and home values and prices show a clear distinction between similar homes in North Redondo and South Redondo.    The city has a number of distinctive neighborhoods but the main sections are broken into North and South and the dividing line is basically 190th Street.  North Redondo is quite a bit less expensive due to the location as it sits behind Hermosa and Manhattan Beach so there are no homes with ocean views and the feel of the area is different as it’s not along the water.  South Redondo ends at the beach and the ocean to the west and has a unique beach charm and homes often have great views.  The recent listings and sales of very similar homes, both in terms of style, layout, size and new construction, make clear the differences in values.

Below is a map showing the general layout, location and dividing lines between north and south Redondo Beach

 Areas 151-154 are North Redondo and 155-157 are South Redondo

Redondo Beach real estate map

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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

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keith kyle

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

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