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
Redondo Beach map

What’s the difference between North and South Redondo Beach?

By Keith Kyle

Redondo Beach is a wonderful city in the South Bay offering housing options forRedondo Beach map just about every buyer.  The city is a rather odd shape and is squeezed in between Manhattan Beach, Hermosa Beach, Lawndale, Hawthorne and Torrance.   Unlike some of it’s neighbors the zoning in Redondo Beach has allowed for far more styles and types of homes ranging from large condo complexes, retirement communities, 2 on a lot and 3 on a lot townhomes, and single family homes.

From a real estate standpoint the city of Redondo Beach is broken into two distinct areas…..North Redondo and South Redondo.  Each has a very different feel and a fairly different price range. The general dividing line is generally at 190th Street.

So what’s the difference?

The primary difference is the location and the “feel” the areas have due to that location.

North Redondo is landlocked between Manhattan Beach, Hermosa Beach, Hawthorne, Lawndale and Torrance.  The area , with the zip code of 90278, has some great housing options that are generally priced lower than South Redondo beach but none of the neighborhoods have much of a coastal feel and none of the areas offer any type of ocean views.  One of the most prevalent types of homes in North Redondo are townhomes but may not be what many think of when they think of endless rows of identical homes.  The main types of townhomes in Redondo are known as 2 on a lot and 3 on a lot townhomes.  The entire “complex” consists of 2 or 3 units and many, especially when detached, feel like single family homes. Some of the more notable neighborhoods are the Golden Hills which lies just east of Hermosa and offers primarily single family homes with square footage around 1800 feet. The other area consisting of primarily single family homes in on the eastern border and known as the TRW tract.  Throughout North Redondo there is a mix of types and styles and prices generally range from the low $500Ks to over $1,000,000.   Visit the North Redondo listings page to see the current homes for sale in this part of Redondo Beach.

South Redondo sits on some pristine coastline and has a much “beachier” feel.  Due to zoning this part of town has some very large condo complexes, especially along the water.  South Redondo with the zip code of 90277, offers numerous two on a lot townhomes (3 on a lot townhomes are more rare in this part of town), condo complexes and single family homes.  Some of the more well known buildings are the Seascape condos near King Harbor, the various oceanfront buildings of the Esplanade, The Village, and Brookside Village.  Prices range dramatically due to the factors of proximity to the beach and the ocean views but is consistently higher priced than North Redondo.  In addition to the beach, this part of town offers an abundance of activities and sites from King Harbor and the Redondo Pier, to Riviera Village, Seaside Lagoon, Wilderness Park and more.  The schools are great in both areas.

As mentioned, prices range higher than in the North Redondo area.  To see the current homes for sale in South Redondo visit our South Redondo real estate information page.

 

 

Redondo Beach Pocket Listings

How to find off market and pocket listings in Redondo Beach

By Keith KyleRedondo BeachPocket Listings

There’s no doubt that the current market conditions greatly favor sellers in Redondo Beach.  Demand has remained strong with low interest rates and low inventory and every “deal”  seems to be a competition between every buyer interested in the area.  Tear downs get bought by builders, fixers get scooped up by flippers and investors, demand for mid range properties and townhomes continues to drive prices up, and the influx of money on the high end means luxury properties often disappear in a hurry as well.

Want to keep updated on off market and pocket listings in Redondo Beach? 

Pocket listings and off market homes are all the rage in this market and can sometimes mean less competition and allowing buyers a “chance” to find something and pay a reasonable price.  With social media, networking groups and an abundance of realtors chasing every possibility these off market homes are less of a secret than they used to be, but still offer the most likely way of a buyer having a chance of finding a home and avoiding a bidding war.

Pocket and off market listings can mean a lot of different situations.  Sometimes a realtor has a listing agreement that doesn’t start for a while, sometimes they home is getting “prepped” and isn’t quite ready for the market, sometimes a realtor talked with a homeowner and they don’t want it on the market but may consider selling for the price.  The reasons are endless but these are all sellers that would consider selling their home.

So how does a buyer find out about these types of homes?

As these homes are not on the market, that means they’re not on the MLS which means they don’t generally show up on the Zillows, Trulias, Redfins and the searches that realtors send their clients.  These homes are more likely found by realtors very tied into the local market.  Whether through direct contact with potential sellers, networking groups, inter office communications or other sources, they are certainly harder to find.

The best bet is to look for a local real estate specialist that sells quite a bit in the area you’re looking.  Realtors that have experience in the area and have been successful, generally have made connections with sellers and realtors that could ultimately be very beneficial to you.  If you already have a relationship with a realtor that does all of that than let them know you’re searching for off market, as well as on market, homes.  If you don’t have that relationship we would be happy to help and search resources most realtors don’t have access to.  Contact us or fill in the form below to get started.

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6439-Denmead-Lakewood

Looking for single family home on a large lot….TRW in North Redondo

By Keith Kyle

One of my favorite areas in North Redondo Beach is known as the TRW tract.  It’s6439-Denmead-Lakewood named this as it’s nearby the form TRW building that graces the skyline of the South Bay (it actually is the skyline) nearby Manhattan and Redondo Beach.  The building is now Northrup Grumman but the name given to the neighborhood long ago remains the same in local real estate circles.  Many engineers from TRW originally lived in the neighborhood which is the reason for the name.

What makes this specific part of Redondo Beach unique is a combination of large lot sizes and zoning that generally only allows for single family homes.   This zoning, along with numerous streets with only one way in, gives the area a very family friendly community feel with parks and schools within walking distance (as well as work for some Northrup employees).  In addition most homes are still “reasonable” sizes for the lots with minimum “mansionization” that’s overwhelmed some nearby areas.   The TRW tract has still retained it’s 1940’s type coastal charm.  Contact us to view the current listings or for more information or visit the daily listing update page to have us do the searching for you.

North Redondo Beach real estate map

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