Why Do Homeowners Remodel?
Most homeowners choose to remodel their homes in order to update and upgrade their home. There are many other reasons and a recent study shows the many reasons below.
Category: South Redondo Beach
South Redondo real estate and homes for sale by Keith Kyle top producing realtor
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.
Some Great Oceanfront Homes for Sale in Redondo Beach
What could be better than living oceanfront in Redondo Beach CA? We really can’t think of a better place to sit and watch the sunset, enjoy the warm summer days, or just relax and have a glass of wine. Here are the current oceanfront homes for sale in South Redondo Beach.
December 2017 Redondo Beach Home Sales – Median Price Tops $1.0M
The monthly sales are in for December and although it was a bit of a slower month in terms of the number of homes that sold, it was a very strong month for home prices in this coastal town. Redondo Beach recorded 78 homes sold in December at a median price of $1,018,000. While median prices have topped $1.0M in the past it’s still fairly rare. Click here to see the current homes for sale in Redondo Beach or view our recent home sales in Redondo Beach.
| City | Homes Sold | December 2017 Median | December 2016 Median | Year over Year % Change% |
| Carson | 47 | $486,000 | $451,000 | 7.8% |
| El Segundo | 11 | $966,000 | $985,000 | -2% |
| Gardena | 65 | $515,00 | $465,000 | 10.8% |
| Harbor City | 17 | $572,000 | $621,000 | -7.9% |
| Hawthorne | 30 | $545,000 | $555,000 | -1.9% |
| Hermosa Beach | 15 | $2,003,000 | $1,440,000 | 39.1% |
| Lawndale | 12 | $448,000 | $510,000 | -12.3% |
| Lomita | 10 | $595,000 | $519,000 | 14.5% |
| Long Beach | 284 | $497,000 | $465,000 | 6.9% |
| Manhattan Beach | 36 | $2,250,000 | $1,790,000 | 25.7% |
| Marina Del Rey | 31 | $1,075,000 | $841,000 | 27.9% |
| Palos Verdes Estates | 27 | $1,342,000 | $1,599,000 | -16.1% |
| Playa Del Rey | 9 | $612,000 | $588,000 | 4.2% |
| Rancho Palos Verdes | 58 | $1,050,000 | $1,170,000 | -10.3% |
| Redondo Beach | 78 | $1,018,000 | $987,000 | 3.1% |
| San Pedro | 58 | $485,000 | $515,000 | -5.8% |
| Torrance | 111 | $670,000 | $650,000 | 3.1% |
| Westchester | 38 | $1,005,000 | $985,000 | 2% |
Redondo Beach CA Home Sales for November
Redondo Beach CA saw yet another strong month in home sale and home prices
in November of 2017 with 79 homes sales at a median home price of $955,000. This was well over the November of 2016 median price of $900,000 but well below the numbers for October 2017 which saw an impressive median price of $1,105,000 which is well above the norm.
The lowest price home sale of the month was a smaller one bedroom condo in Breakwater Village (senior 55+ complex) which closed at $415,000 with the highest price sale cosing at $4,550,000 for a 3 bedroom ocean front condo at 1000 Esplanande in South Redondo Beach. This was new construction in a spectacular location.
See the current homes for sale in Redondo Beach or see the recent Redondo Beach home sales.
| City | Homes Sold |
November 2017 Median |
November 2016 Median |
Year over Year % Change% |
| Carson | 49 | $476,000 | $450,000 | 5.9% |
| El Segundo | 12 | $1,243,000 | $816,000 | 52.3% |
| Gardena | 52 | $533,000 | $504,000 | 5.7% |
| Harbor City | 10 | $555,000 | $523,000 | 6.1% |
| Hawthorne | 30 | $577,000 | $575,000 | .3% |
| Hermosa Beach | 20 | $1,550,000 | $1,380,000 | 12.3% |
| Lawndale | 18 | $515,000 | $393,000 | 31.2% |
| Lomita | 11 | $599,000 | $473,000 | 26.8% |
| Long Beach | 318 | $510,000 | $490,000 | 4% |
| Manhattan Beach | 35 | $2,300,000 | $1,863,000 | 23.5% |
| Marina Del Rey | 33 | $925,000 | $955,000 | -3.1% |
| Palos Verdes Estates | 27 | $1,510,000 | $1,550,000 | -2.6% |
| Playa Del Rey | 21 | $710,000 | $658,000 | 7.9% |
| Rancho Palos Verdes | 31 | $1,108,000 | $1,088,000 | 1.8% |
| Redondo Beach | 79 | $955,000 | $900,000 | 6.1% |
| San Pedro | 55 | $550,000 | $515,000 | 6.8% |
| Torrance | 117 | $700,000 | $656,000 | 6.6% |
| Westchester | 35 | $1,015,000 | $943,000 | 7.6% |
Redondo Beach Home Sales and Home Prices in October
October 2017 Real Estate Market in Redondo Beach
The coastal community of Redondo Beach CA saw big home sales numbers for October of 2017. Median home prices topped $1,100,000 with 72 homes and properties sold. The median prices were over 25% higher than October of the previous year in which the median price was just under $880,000. Visit our recent home sales section to see the homes that sold in Redondo Beach for October and other months. See also the current homes for sale in Redondo Beach, CA.
| City | Homes Sold | October 2017 Median | October 2016 Median | Year over Year % Change% |
| Carson | 58 | $495,000 | $455,000 | 8.8% |
| El Segundo homes | 19 | $875,000 | $925,000 | -5.4% |
| Gardena | 43 | $545,000 | $490,000 | 11.2% |
| Harbor City | 17 | $510,000 | $4145,000 | 23% |
| Hawthorne real estate | 50 | $578,000 | $540,000 | 6.9% |
| Hermosa Beach homes | 21 | $1,414,000 | $2,038,000 | -30.6% |
| Lawndale | 21 | $505,000 | $411,000 | 23% |
| Lomita | 17 | $575,000 | $580,000 | -.9% |
| Long Beach | 322 | $525,000 | $475,000 | 10.5% |
| Manhattan Beach homes | 28 | $2,875,000 | $2,250,000 | 27.8% |
| Marina Del Rey | 25 | $979,000 | $1,150,000 | 14.9% |
| Palos Verdes Estates | 30 | $1,600,000 | $1,825,000 | -12.3% |
| Play Del Rey | 16 | $665,000 | $635,000 | 4.8% |
| Rancho Palos Verdes | 47 | $1,265,000 | $1,250,000 | 1.2% |
| Redondo Beach | 72 | $1,105,000 | $878,000 | 25.8% |
| San Pedro | 69 | $530,000 | $588,000 | -9.8% |
| Torrance real estate | 127 | $675,000 | $632,000 | 6.9% |
| Westchester | 38 | $1,089,000 | $1,050,000 | 3.7% |