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Category: South Redondo Beach

South Redondo real estate and homes for sale by Keith Kyle top producing realtor

King Harbor Boat Parade- Holidays

Redondo Beach Boat Parade Happens this Weekend in King Harbor

By Keith Kyle

Two of the cooler things in Redondo Beach is the very tight community and of course the ocean.  What better way to combine the two than the annual boat parade in King Harbor.  Come and see this unique tradition with boats decked out in lights, paddleboarders, outrigger canoes, Santa and more.  The boat parade is happening on Saturday December 12 with the paddleboard parade at 4:30 and the boat parade beginning at 5:45.  They’ll have bleacher seating in Moonstone Park (see map below) and food trucks will be there starting at 3:30.  How can you go wrong with boats, sunsets, food, and the holidays!

in Just for Fun, King Harbor, South Redondo Beach Posted by Keith Kyle
Redondo Beach foreclosures

Only 2 Active Foreclosure Listings in All of Redondo Beach

By Keith KyleRedondo Beach foreclosures

The distressed home and foreclosure market was never a major factor in the Beach Cities as the coastal communities were always buffered a bit from the huge price drops after the real estate bubble burst.  Some of the outlying South Bay communities did see a large increase in bank owned homes and short sales but the closer the community was to the ocean, the less impact we tended to see.

That being said there were still a healthy (or unhealthy depending on what side of the process you were involved with) number of distressed homes for several years, but that’s virtually come to a trickle.  From a high of 130 active foreclosure listings back in 2010, which does not include the number of homes in default, to only 2 active foreclosures in Hermosa, Redondo and Manhattan Beach combined.  Hermosa Beach and Manhattan Beach were always very limited in the distressed market with the bulk of the foreclosure listings being in Redondo Beach.

in Foreclosures, South Redondo Beach Posted by Keith Kyle
Breakwater Village 55+ condos in Redondo Beach

September 2015 Home Sales in Redondo Beach and Beyond

By Keith Kyle

Redondo Beach saw an impressive number of homes selling in September of 2015 to end the summer selling season with 97 closed escrows.  In addition the median home price in Redondo was $875,000 which shows significant gains in value over the past year.  The market was hot throughout Redondo Beach with homes in both North and South Redondo often selling quickly and with multiple offers.

City Homes
Sold		 September
2015 Median		 September
2014 Median		 Year
over Year % Change
Carson 49 $406,000 $366,000 10.8%
El Segundo 9 $1,045,000 $517,000 76%
Gardena 33 $440,000 365,000 20.5%
Harbor City 18 $514,500 $462,500 11.2%
Hawthorne 27 $513,000 $550,000 -6.7%
Hermosa Beach 20 $1,200,000 $1,020,000 17.7%
Lawndale 13 $450,000 $379,000 18.6%
Lomita 15 $580,000 $570,000 1.8%
Long Beach 390 $435,000 $420,000 3.7%
Manhattan Beach 39 $2,050,000 $2,025,000 1.2%
Marina Del Rey 29 $865,000 $817,000 5.9%
Palos Verdes Estates 35 $1550,000 $1575,000 -1.6%
Playa Del Rey 18 $542,000 $534,000 1.6%
Rancho Palos Verdes 49 $1,040,000 $1,058,000 -1.7%
Redondo Beach 97 $875,000 $790,000 10.8%
San Pedro 69 $442,000 $459,000 -3.6%
Torrance 135 $585,000 $527,00 10.9%
Westchester 26 $908,000 $872,000 4.1%
in Market Trends, North Redondo Beach, South Redondo Beach Posted by Keith Kyle
1500 Esplanade Redondo Beach

1500 Esplanade Oceanfront Condos Now on the MLS

By Keith Kyle

1500 Esplanade Redondo Beach CA

**Update – This post was from 2015 and these original builder homes have sold**

For months now we’ve seen the construction happening at 1500 Esplanade.  These oceanview condos are ideally located on the Esplanade with stunning views stretching from Palos Verdes and Catalina to Malibu. Sitting on the east side of the Esplanade, they offer unblocked and unblockable views.   Realtors and buyers were eagerly awaiting the final product but unfortunately the developer had decided that he would only deal directly with buyers and did not want buyers to have their own representation.  While several units are already sold, that strategy has taken an obvious turn as 4 of these condos are now active on the local MLS.  The units range between 3000 ft and 32oo feet and offer either 3 bed/3 bath or 4 bed 3.5 bath.  Currently the units are priced at $4,000,000.  Contact us for more information or to set up a showing of these beautiful homes.

in Beach Front Homes, Condominiums, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle
house of mirrors Redondo Beach

Redondo Beach’s House of Mirrors

The saying goes, those who live in glass houses….what about those that live in mirror houses?

I’ve seen many houses in my day and haven’t always agreed with the sellers choices but I recently saw a house unlike anything I’d seen before.  The home, located at 606 Esplanade #1, is a front unit townhome with great ocean views, an ideal location, and loads of potential….but…..

In it’s current state it’s more like a carnival fun house than something you would expect in a beach house.  From the moment you walk in you are surrounded by mirrors.  Every wall, every closet, every corner is mirrored. You can’t walk into a bathroom or bedroom without seeing yourself reflected on every surface of the room.  It’s truly incredible and just a little dizzying.

Although it probably wouldn’t take much to turn the home into something fantastic, it’s hard to notice anything other than your reflection with the current situation.  I’ve seen mirrors added to beach homes to reflect the views, or add some light, but when every surface is mirrored its like being in a carnival funhouse.

It’s not hard to see why the listing agents chose to only post one picture as it might be impossible to get any pictures without the photographer’s reflection…hundreds of times.  In general the home has great potential.  The rooms are large, it offers a great ocean view, the kitchen living room have great light with sit down ocean views, but at the moment between the mirrors and the price, it’s going to be a tough sell.  606 Esplanade #1 in South Redondo Beach

 

in Ocean View Homes, Oceanfront Homes, Redondo Beach home prices, Redondo beach homes for sale, Redondo Beach Real Estate, Redondo Beach real estate update, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle
Redondo Beach foreclosures

Redondo Beach Foreclosures on the Rise?

By Keith KyleRedondo Beach foreclosures

As the market has had so much momentum over the past 2 years, short sales and foreclosures have slowed to a trickle. Even most of those homeowners that had found themselves underwater and hanging on have taken advantage of skyrocketing prices as homes have moved above and beyond previous peak levels.

What’s unusual is the recent increase in these rare “distressed” sales as of late. As of this post, there are now 7 foreclosure homes on the market in Redondo Beach. 3 of the homes are bank owned, or REOs (real estate owned) and 4 are short sales. This is one of the higher numbers of distressed homes that we have seen in a while. While they can still be an opportunity and may be priced a bit below market value, these foreclosures don’t quite present the deals that they once did. Contact us or visit our South Bay foreclosure homes for sale for more information or to receive free foreclosure listing updates.

in Foreclosures, North Redondo Beach, South Redondo Beach Posted by Keith Kyle

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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

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keith kyle

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

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The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.