Redondo Beach real estate and homes for sale
If you are looking to purchase a home in the South Bay and want to visit open houses in Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo and surrounding areas, you’ve come to the right place. Our South Bay open house list has weekly schedules for all South public open houses. Take advantage of our HomeFinder and have new listings emailed to you daily. Open House schedule subject to change without any notice.
The South Bay saw big numbers in August 2013 with impressive increases in both median home price and the number of sales in many of the local communities. Hermosa Beach posted some of the most impressive numbers with 30 closed sales in this small beach community and a median home price of over $1.2M. “This is a big number but it’s especially impressive as it’s a 40% increase over median home prices in Hermosa Beach in August of 2012″ according to Hermosa Beach realtor Keith Kyle. Other cities enjoyed significant gains as well. Click on any link below to view the homes sold and home sales prices for August.
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance
July was a record month in many South Bay cities as we saw a multi year high number of new listings, pending homes sales and closed home sales. This may be the increase in home inventory that eventually balances the market as opposed to the drastic seller’s market at the moment.
El Segundo – Active Homes for Sale 18 – Pending Home Sales 14 – Closed home sales 16
Hermosa Beach – Active Homes for Sale 31 – Pending Home Sales 25 – Closed home sales 29
Manhattan Beach – Active Homes for Sale 68 – Pending Home Sales 37 – Closed home sales 45
Palos Verdes Estates – Active Homes for Sale 42 – Pending Home Sales 18 – Closed home sales 27
Rancho Palos Verdes – Active Homes for Sale 101 – Pending Home Sales 56 – Closed home sales 44
Redondo Beach – Active Homes for Sale 102 – Pending Home Sales 104 – Closed home sales 110
Torrance – Active Homes for Sale 159 – Pending Home Sales 129 – Closed home sales 158
It’s taken a while but inventory is finally steadily increasing with 4 straight months of rising number of homes for sale. July saw the number active homes on the MLS at 583 which is the highest since September of 2012 which was a vastly different market. The chart below shows the past 2 years of active listings (light green column) pending home sales (red line) and sold homes (teal column). According to Manhattan Beach real estate agent Keith Kyle, “the rising number of homes for sale should be good news for buyers but there is still incredible demand which will continue to translate into higher home prices”. The cities included in the chart below are Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo and the communities of Palos Verdes
The number of pending home sales in July 2013 was the highest since March of 2012 with 400 pending sales, and the number of sold homes in July was 411, which was the highest month in over 5 years. To view the home sales in the individual cities in the South Bay click here.
If you feel like a small diversion from the beach, take a look at many of the
wonderful homes are currently for sale. There are plenty of open houses to take a look at this weekend in the cities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo. Click here to see this weeks open houses in the South Bay.
The Village, located on Catalina Blvd in South Redondo Beach, is a condo
complex just east of King Harbor. It offers some resort type amenities with a hotel style pool and exercise facility, and is ideally located walking distance to just about everything. What’s perhaps the best aspect may be the prices. Each building consists of primarily 619 square foot one bedroom condos and due to the angular patios almost all have some type of ocean view. Each building also offers 2 studios on the easternmost part of each floor, and 2 bedroom condos, which rarely become available, on the westernmost, ocean facing side of the buildings. The Village consists of 6 larger 3 story (they’re actually 4 or 5 levels depending on garages but 3 floors of condos) buildings and 3 buildings with townhome type units. According to Keith Kyle, one of the top Redondo Beach realtors that specializes in the area, “The Village is an ideal fit for buyers looking for a vacation type feel. Most owners use the condos as a second home or as a beach rental as demand is always high for ocean view homes.”
Parking is located below each building (parking for each unit is not necessarily in the same building) and units can either have one or two spaces. Laundry is common area located near the 1st floor garage in most cases. Click here to see a map of The Village Condominiums and Townhomes. Click here To see a video tour of some other ocean view and ocean front communities.
