The Redondo Beach real estate market definitely slowed down in April due to the impacts and uncertainties of coronavirus. Redondo felt the effects more than most South Bay cities with the number of home sales going from 92 the previous April to only 40 this year. That’s an incredible drop.
The good news is that the homes that did sell are still reaching new heights. The median sales price for the month was $1,247,000 with an average price per foot of $649,000 which was a big increase from the prior year.
Welcome to the good life in South Redondo. This beautiful townhome has everything…located just 2 short blocks to the ocean and minutes from the Redondo Pier and King Harbor, enjoy cool ocean breezes and near perfect weather. The home is in turn key condition offering an open layout and countless upgrades. It’s the perfect home and location for the active California beach lifestyle. Lower level features a spacious living room with high ceilings, stacked stone fireplace and direct access to the private patio making for great indoor outdoor living space. Overlooking the living room is the roomy dining room with travertine floors and custom stainless steel/ glass railing giving it a wonderful open feel. The kitchen is a true showcase and opens to the dining and living rooms perfect for entertaining. Upgraded features include granite counters, breakfast bar, rich espresso cabinetry, stainless appliances, travertine flooring and recessed lighting. Directly off of the kitchen is a clever home office area perfect for getting work done during home quarantine. The addition of a beautiful powder room makes for the ideal layout. Upstairs offers laundry room, spacious 2nd bedroom with vaulted ceilings, along with a beautifully remodeled full bath. The master suite is spacious and bright featuring large walk in closet, beautiful ensuite bath with travertine tub and shower, dual sinks, custom cabinets and more. The attached 2 car garage doubles as a great hangout space.
February was a very slow month for closed home sales in Redondo Beach with only 44 homes sold during the month. That’s the fewest home sales in a month over the past 18 months other than December 2019.
Prices were solid as they’ve been over the past 18 months with the median list prices of $1,199,000 and a median sales price of $1,182,000. Average price per foot for sold homes in Redondo Beach was $714. Average days on market was only 55 which is another indication of a strong sellers market. 27 of the home sales were in the 90277 or South Redondo area (8 of those home sales were actually in the Hollywood Riviera which has a Redondo mailing address but is technically in Torrance) 19 of the homes were in North Redondo Beach or 90278 zip code. See the Redondo Beach real estate stats for the past 15 months below.
Back on the market and at a much better price… This single family home in north Redondo was recently on the market for $899,000 and didn’t sell. They just brought it back at a much more appealing $819,0000. This is a fairly common layout for smaller homes in Redondo Beach and you’ll see this same looking home in the Golden Hills and scattered throughout the area. 1809 Phelan was extensively remodeled and and offers 3 bedrooms and 1 bath with approximately 912 square feet.
The recent sale of 1907 Plant #A at $1,550,000 and the recent escrow of the B unit selling quickly at or over the list price of $1,595,000 sets the new standard for detached townhome prices in North Redondo Beach. The #A home sold prior to completion and sold off market. We write articles every year as to what detached townhomes are selling for and it wasn’t all that long ago that we were wondering if they could support $1.1M numbers….now we’re at almost $1.6M for a high end, well located home. Pretty unbelievable.