South Redondo Beach

Redondo Beach Real Estate in September – By the Numbers

Just like the rest of the Beach Cities, the Redondo Beach real estate market is on fire. August saw 113 home sales. Here’s a quick recap of the Redondo market based on todays date of 9/19/17:

Active Listings

Current active homes for sale: 111
Average list price: $1,887,000 (which is very skewed due to a $25M listing, $16M listing and $13M listing)
Median price of homes for sale: $1,199,000
Average list price without $25.0M, $16.0M and $13.0M listings: $1,440,000
Average days on market: 63
Highest price: $25,000,000
Lowest price: $469,000

Pending Sales

Number of pending home sales: 103
Average list price: $1,169,000
Median list price $1,049,000
Highest price: $4,999,000
Lowest price: $464,000

Closed Sales (past 30 days)

104 closed sales
Average list price: $1,188,000
Average sales price: $1,179,000
Median list price: $1,089,000
Median sales price: $1,073,000
Highest sale: $3,250,000
Lowest sale: $437,000

in Communities, Market Trends, Redondo Beach Real Estate, South Redondo Beach Posted by Keith Kyle

So How Do I Find Out About Off Market and Pocket Listings in Redondo Beach?

In the incredibly competitive Redondo Beach real estate market many homes are not even making it to the local MLS. Some of these homes quietly get sold without the general public even knowing that they were for sale. So how do you find out about these homes? First it’s important to understand just what we’re talking about.

What does off market or a pocket listing mean?

It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors. That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.

Why would a Redondo Beach home seller want to sell the home off market?

In general it’s not a great idea. Fewer buyers that know about the home usually means less competition and ultimately a lower sales price. That’s certainly not always the case but usually accurate to some extent. Sellers have many reasons for not wanting to put their home on the market. It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale. It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers. Whatever the reason it does limit the exposure and again usually limits the price.

That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.

How do I find out about these homes in Redondo Beach?

Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive. The key is to work with an agent that has deep connections in the community and market. Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.

We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available. If you would like us to help find off market opportunities and you are not currently working with a realtor please feel free to text us at 310-251-2344 or email us with the details of your home search.

in Pocket Listings, Redondo Beach Real Estate, Search for Homes, South Redondo Beach Posted by Keith Kyle

Summer Concerts in Redondo Beach

By Keith Kyle

If you’re looking for a great alternative to the beach for some summer entertainment, the summer concert series is a great option. The city of Redondo Beach is offering “Concerts on the Pier” every Thursday and Saturday through August 31st from 6pm to 8pm. The upcoming schedule includes:

August 10 – Ghost in the Machine (Police cover)
August 12 – Scrap Yard Aces
August 17 – Living Cover
August 19 – Elwood Moon
August 24 – Abrakadabra
August 26 – Like Zeppelin (Led Zeppelin cover)
August 31 – Strange Days (Doors cover)

in Just for Fun, King Harbor Posted by Keith Kyle

The Perfect Way NOT to sell your home

By Keith Kyle

As a long time realtor in Redondo Beach it never ceases to amaze me how little effort sometimes goes into trying to sell a home. I’m not sure if there’s some very odd situation where owners want or need a home listed but don’t actually want to sell it but once in a while I run into a listing which appears to do everything possible NOT to sell the home.

I just looked at something today on the market and they seem to have done everything to keep the home from selling. I often see one of the details on listings but it’s been a while since I saw so many aspects of a listing that will keep it from selling. Keep in mind that this isn’t a short sale.

Price: This is obviously a common one but the home is probably priced $200,000 over market value
Pictures: Of course they are terrible
Commission: They’ve reduced the buyer’s agent commission to 1.5%
Showing: They’ve made showing the home a serious challenge. Not only does it require 24 hour notice but they won’t call back and don’t respond to emails or texts. No lockbox of course.
Out of area agent: They’re using an agent that doesn’t know the market and doesn’t seem to be putting much time or effort into selling it (and they won’t return my call)
Condition: I had been through the home long ago (probably 8 months….yes it’s surprisingly been on the market for almost a year) and I wasn’t allowed in one of the bedrooms, all of the blinds are closed and it’s a mess.

So the question is….why put it on the market if you don’t want to sell it?

in Communities, Homes, Opinion, South Redondo Beach Posted by Keith Kyle

If Living Oceanfront Works for You….531 Esplanade with 5 Condos Now for Sale

**This post was originally from 2017**

In the Redondo Beach real estate market, where inventory is extremely low, one oceanfront building is certainly bucking the trend. The Ocean Plaza, at 531 Esplanade in South Redondo Beach currently has 5 condos for sale…all with great ocean views. Although the building sits ocean front, the bulk of the condos are on the side and the views can vary depending on the floor and how far east in the building the home sits. Generally the higher the floor and higher the unit number the better. See a video overview of the ocean front condos of the Esplanade.

in Condominiums, Ocean View Homes, Oceanfront Homes, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle

February 9, 2017May 4, 2023

Multiple Homes for Sale on Camino De Encanto in the Hollywood Riviera

By Keith Kyle

It’s not often that we see homes come on the market in the lower Hollywood Riviera neighborhood that’s west of Palos Verdes Blvd. Occassionally we see a home or two and more often than not, there is nothing on the market in this area. What makes this part of the Hollywood Riviera so great is that it’s walking distance to Torrance Beach and not far from the downtown shopping and dining area of Riviera Village.

That certainly couldn’t be further from the case at the moment as there are 4 homes for sale on Camino De Encanto in the Hollywood Riviera.

There are current 4 homes on the market and all are within a 1/2 block. This is pretty unheard of an probably not ideal for any of the homes as when buyers have options….they want to negotiate. Contact us for more information or visit our Hollywood Riviera homes for sale page to view all of the current lisitngs.

in Hollywood Riviera, South Redondo Beach, Torrance Posted by Keith Kyle

Redondo Beach Real Estate in September – By the Numbers

So How Do I Find Out About Off Market and Pocket Listings in Redondo Beach?

Summer Concerts in Redondo Beach

The Perfect Way NOT to sell your home

If Living Oceanfront Works for You….531 Esplanade with 5 Condos Now for Sale

Multiple Homes for Sale on Camino De Encanto in the Hollywood Riviera

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