By Keith Kyle
There’s no doubt that this market continues to amaze. What would have been considered unheard of a year ago is now becoming standard. Nowhere is this more clear than in new construction detached townhomes in North Redondo Beach. See our real estate explained…two on a lot detached townhome in Redondo Beach to better understand this unique townhome style. It wasn’t all that long ago that we were fairly surprised by these homes topping the $1,000,000 but those purchases are now looking like steals. We kept the chart below limited to only new construction in area 151 (of North Redondo Beach) with similar square footage so this was an apples to apples comparison and the price increases are fairly amazing. 2014 priced just under $1,000,000 with 2015 prices starting near $1,060,000 and reaching $1,250,000. Currently the only 2o16 built home (with around 2500 feet) just hit the market at a whopping $1,399,000. While we can’t imagine they’ll get anywhere near that, it will be a great indicator as to just what these homes will sell at in 2016.