Category: South Redondo Beach
South Redondo real estate and homes for sale by Keith Kyle top producing realtor
Distressed Home Inventory Continues to Decline in Redondo, Hermosa and Manhattan Beach
Distressed home sales and listings continues to go down with both REO and short sale opportunities fading. The number of short sales and bank owned homes in Manhattan Beach, Redondo Beach, and Hermosa Beach have always been relatively low compared with other, more inland, areas and communities, but it appears that the inventory of these homes is at a several year low and looks to remain that way. The days of finding a “deal” in these cities may be a thing of the past. Redondo Beach, due to both the size of the city and the entry level price point options, has far and away the greatest concentration of distressed sales between the 3 cities but numbers decline there as well.
The chart below shows the most recent number of active, pending and sold short sales in Redondo, Hermosa, and Manhattan Beach.
October 2012 Median Home Prices In Redondo Beach and South Bay
October 2012 South Bay Median Home Prices and Sold Homes
Keep informed on the price of Redondo Beach homes and know what direction the real estate market is heading. See below for the median price of South Bay Homes in October and see the change in average home price from 2011. Average home prices based on one month of information can vary quite a bit based on a number of factors but the information can show an overall housing market trend in Redondo Beach.
City | Homes Sold | October2012 Median | October2011 Median | Yearover Year % Change |
Carson | 56 | $286,500 | $300,000 | -4.50% |
El Segundo | 11 | $648,000 | $348,500 | 85.94% |
Gardena | 58 | $299,250 | $260,000 | 15.10% |
Harbor City | 14 | $337,500 | $300,000 | 12.50% |
Hawthorne | 51 | $360,000 | $328,500 | 9.59% |
Hermosa Beach | 15 | $835,000 | $1,000,000 | -16.50% |
Lawndale | 10 | $252,500 | $315,000 | -19.84% |
Lomita | 13 | $450,000 | $392,500 | 14.65% |
Long Beach | 341 | $302,750 | $282,000 | 7.36% |
Manhattan Beach | 36 | $1,137,500 | $1,222,500 | -6.95% |
Marina Del Rey | 36 | $652,500 | $590,000 | 10.59% |
Palos Verdes Estates | 31 | $1,282,500 | $1,000,000 | 28.25% |
Playa Del Rey | 16 | $344,750 | $335,000 | 2.91% |
Rancho Palos Verdes | 45 | $870,000 | $922,000 | -5.64% |
Redondo Beach | 97 | $700,000 | $623,750 | 12.22% |
San Pedro | 55 | $330,500 | $345,750 | -4.41% |
Torrance | 121 | $467,000 | $447,500 | 4.36% |
Westchester | 43 | $627,000 | $561,750 | 11.62% |
Spectacular Ocean Front Home on the Esplanade of Redondo Beach
If you’re looking for endless ocean views with a coastal inspired home in the South Bay, the home at 807 Esplanade may just fit the bill. From the moment you walk in the home you are struck with incredible ocean views.
[idx-listing mlsnumber=”SB12142776″ showall=”true”]
Almost No New Construction Homes in Redondo Beach
**Please note that this post was writtin in 2012**When the housing bubble burst, new construction homes became almost non-existent with builders barely able to complete and sell the homes that they had in mid construction. With the market picking up considerably in 2012 builders once again starting building and there have been a number of projects in Redondo Beach. Although dramatically down from the peak days of 2006, there has been a fairly consitent level of new contruction inventory, but with the current market in which there are ample buyers and few sellers, that supply has become a trickle. New construction homes for sale in Redondo Beach are almost non-existent with only 2 projects actively for sale on the North Redondo Beach MLS and another 2 active listings in South Redondo. This may reflect more on the overall market and the dramatically reduced inventory as even uncompleted projects often seem to have eager buyers wanting to pet together an offer.
North Redondo New Construction 2012
ML# | Status | Type | Address | Area | Type | Price | Br/Ba | Sq Ft | DOM/CDOM | |
V12118626 | Active | SFR/D | 2620 | Robinson ST | 151 | STD | $ 1,179,000 | 5/4,0,0,0 | 2920 | 66/66 |
SB12132152 | Active | TWNHS/A | 1921 | Grant AV #B | 152 | STD | $ 719,000 | 4/3,0,0,0 | 1800 | 33/33 |
V12123898 | B | TWNHS/D | 1903 | Plant AV | 151 | STD | $ 869,000 | 4/3,0,1,0 | 2178 | 53/53 |
S12124000 | B | CONDO/D | 1905 | Plant AV #A | 151 | STD | $ 869,000 | 4/2,0,1,0 | 2330 | 53/53 |
SB12132597 | B | CONDO/D | 1905 | Plant AV #B | 151 | STD | $ 869,000 | 4/2,0,1,0 | 2330 | 32/32 |
S12115711 | B | CONDO/D | 2110 | Rindge LN | 151 | STD | $ 889,000 | 4/3,0,0,0 | 2445 | 77/77 |
PV12133509 | B | SFR/D | 2622 | Robinson ST | 151 | STD | $ 1,195,000 | 4/4,1,0,0 | 2920 | 30/162 |
SB12132552 | B | CONDO | 1909 | spreckels #B | 152 | STD | $ 879,000 | 4/3,0,1,0 | 2459 | 32/32 |
PV12138309 | B | TWNHS/D | 2011 | Belmont LN #B | 152 | STD | $ 889,000 | 4/3,0,1,0 | 2600 | 18/18 |
V12123906 | P | TWNHS/D | 2906 | Aviation PL | 151 | STD | $ 929,000 | 4/3,0,1,0 | 2624 | 47/47 |
PV12138302 | P | TWNHS/D | 2011 | Belmont LN #A | 152 | STD | $ 889,000 | 4/3,0,1,0 | 2600 |
Below is the most recent activity in South Redondo Beach
ML# | S | Type | Address | Area | Type | Price | Br/Ba | Sq ft | DOM/CDOM | |
V12125660 | A | TWNHS/D | 110 | Helberta AV #B | 155 | STD | $ 899,000 | 3/2,0,1,0 | 1879 | 48/48 |
S12122561 | A | SFR/A | 126 | Prospect AV | 155 | STD | $ 1,299,000 | 5/4,0,1,0 | 4800 | 55/55 |
V12103870 | B | SFR/D | 2321 | Ralston LN | 153 | STD | $ 1,339,900 | 4/3,0,0,0 | 3421 | 100/257 |
V12021579 | B | TWNHS/D | 505 | Lucia AV #B | 155 | STD | $ 929,000 | 3/3,0,1,0 | 2224 | 284/284 |
V12094408 | P | TWNHS/D | 110 | Helberta AV #A | 155 | STD | $ 899,000 | 3/2,0,1,0 | 2044 | 73/73 |
S12111092 | P | SFR/A | 407 | Pearl ST | 156 | STD | $ 1,050,000 | 3/2,1,0,0 | 1956 | 62/62 |
SB12140370 | P | SFR/D | 546 | Helberta AV | 156 | STD | $ 2,195,000 | 5/3,1,2,0 | 4077 | |
S12111042 | P | TWNHS/A | 311 | Topaz | 157 | STD | $ 1,379,000 | 5/2,2,0,0 | 3011 | 34/34 |
S12111059 | P | TWNHS/A | 623 | Elvira | 157 | STD | $ 1,500,000 | 4/3,0,1,0 | 3505 | 0/0 |