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Redondo Beach Real Estate and Homes for Sale

Redondo Beach Real Estate and Homes For Sale

You are here: Home / Homes / Is the South Bay Real Estate Market Slowing Down?

Is the South Bay Real Estate Market Slowing Down?

September 27, 2013 by Keith Kyle

If August home sales numbers were any indication the market is continuing to go crazy, but from on the ground experience the South Bay real estate market is beginning to slow down a bit.   There are likely several factors that seem to be driving this slowing market:

  1. Seasonal changes:  The market always slows a bit once schools are back in.  Summer home buyers eager to get a home in certain school districts keep the market buzzing in June, July and August.
  2. Interest rates:  While still historically fantastic, it’s taking buyers a little while to grasp that we’re no longer likely to see rates in the 3% range, or even the mid to low 4% range.  Rates had to adjust and although rates are still tremendous, borrowers are still suffering from a lowest rates ever hangover.  In time the current rates will become the new normal and buyers waiting on the sidelines will once again jump into the fray.
  3. Prices:  August year over year prices in the area neared a 25% gain….in just a year.  That’s a pretty incredible increase and between the increases and many buyers frustrated with a market stacked against them have decided to sit it out for a while and hope that we eventually reach a balanced market.

Whether all of this indicates a trend towards a cooler market, or is just a temporary correction remains to be seen, but either way 2013 has been one of the quicker rebounds in real estate that we’ve ever seen.

HB-16th-Street-4th

Filed Under: Homes, Market Trends, Opinion Tagged With: hermosa beach, home buyers, home sellers, manhattan beach, real estate market, redondo beach, slowdown

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Photo of 1804 Vanderbilt Lane #B, Redondo Beach, CA 90278 (MLS # SB19276109)
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Photo of 630 THE VILLAGE #103, Redondo Beach, CA 90277 (MLS # 19534636)
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Photo of 1219 S Catalina Avenue, Redondo Beach, CA 90277 (MLS # PV19273990)
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Photo of 636 Vincent Park #A, Redondo Beach, CA 90277 (MLS # SB19274738)
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Photo of 2310 Vanderbilt Lane #4, Redondo Beach, CA 90278 (MLS # PV19269990)
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Photo of 502 N Lucia Avenue #B, Redondo Beach, CA 90277 (MLS # SB19267266)
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Photo of 308 N Francisca Avenue, Redondo Beach, CA 90277 (MLS # SB19268645)
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Photo of 902 FIRMONA Avenue, Redondo Beach, CA 90278 (MLS # 19531004)
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Photo of 436 Via El Chico, Redondo Beach, CA 90277 (MLS # SB19268229)
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Photo of 404 Palos Verdes Boulevard, Redondo Beach, CA 90277 (MLS # SB19267329)
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Photo of 1111 Beryl Street #2, Redondo Beach, CA 90277 (MLS # SB19264297)
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    Photo of 1804 Vanderbilt Lane #B, Redondo Beach, CA 90278 (MLS # SB19276109)
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    Photo of 1219 S Catalina Avenue, Redondo Beach, CA 90277 (MLS # PV19273990)
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    Photo of 2405 Huntington Lane #2, Redondo Beach, CA 90278 (MLS # SB19271210)
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    Photo of 1111 Beryl Street #2, Redondo Beach, CA 90277 (MLS # SB19264297)
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Photo of 1573 Torrance Boulevard, Torrance, CA 90501 (MLS # SB18212914)
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7,523 sqft

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Photo of 21312 Payne Ave, Torrance, CA 90502 (MLS # SB19002972)
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Torrance, CA
Photo of 5309 Paseo De Pablo, Torrance, CA 90505 (MLS # SB18290452)
$2,149,500
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Photo of 4033 W 182nd Street #C, Torrance, CA 90504 (MLS # SB18190619)
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Torrance, CA
Photo of 21233 S Normandie Avenue, Torrance, CA 90501 (MLS # SW19086341)
$919,990
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Torrance, CA
Photo of 1525 W 224th Street, Torrance, CA 90501 (MLS # SB19087117)
$1,095,000
Lot Size
7,201 sqft

Home Size
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Torrance, CA
Photo of 802 Cota Avenue, Torrance, CA 90501 (MLS # PV19130095)
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Torrance, CA
Photo of 1536 W 207th Street, Torrance, CA 90501 (MLS # OC19131449)
$879,000
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22605 Nadine Circle #200
Torrance, CA
Photo of 22605 Nadine Circle #200, Torrance, CA 90505 (MLS # SB19132807)
$512,500
Lot Size
11.13 ac

Home Size
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    Photo of 1435 W 227th Street, Torrance, CA 90501 (MLS # SB18212886)
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    Photo of 1573 Torrance Boulevard, Torrance, CA 90501 (MLS # SB18212914)
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    Photo of 21312 Payne Ave, Torrance, CA 90502 (MLS # SB19002972)
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    Photo of 5309 Paseo De Pablo, Torrance, CA 90505 (MLS # SB18290452)
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    Photo of 4033 W 182nd Street #C, Torrance, CA 90504 (MLS # SB18190619)
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    Home Size
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    Photo of 21233 S Normandie Avenue, Torrance, CA 90501 (MLS # SW19086341)
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    Photo of 1525 W 224th Street, Torrance, CA 90501 (MLS # SB19087117)
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    Baths
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    Photo of 802 Cota Avenue, Torrance, CA 90501 (MLS # PV19130095)
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    Photo of 1536 W 207th Street, Torrance, CA 90501 (MLS # OC19131449)
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    Home Size
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    Beds
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    Baths
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    Photo of 22605 Nadine Circle #200, Torrance, CA 90505 (MLS # SB19132807)
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    Lot Size
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    Beds
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Manhattan Beach, CA
Photo of 2304 The Strand, Manhattan Beach, CA 90266 (MLS # SB19013782)
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3,498 sqft

Home Size
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Beds
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Manhattan Beach, CA
Photo of 1000 The Strand, Manhattan Beach, CA 90266 (MLS # SB19037828)
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4,979 sqft

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Manhattan Beach, CA
Photo of 1801 6th Street, Manhattan Beach, CA 90266 (MLS # PV19046563)
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4,953 sqft

Home Size
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Beds
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Manhattan Beach, CA
Photo of 577 31st Street, Manhattan Beach, CA 90266 (MLS # SB19056677)
$4,499,000
Lot Size
5,027 sqft

Home Size
4,369 sqft

Beds
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Baths
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MLS # SB19039943
Manhattan Beach, CA
Photo of Manhattan Beach, CA 90266 (MLS # SB19039943)
$4,495,000
Lot Size
1,347 sqft

Home Size
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Beds
N/A

Baths
N/A

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Manhattan Beach, CA
Photo of 811 1st Street, Manhattan Beach, CA 90266 (MLS # SB19075032)
$3,150,000
Lot Size
5,128 sqft

Home Size
1,596 sqft

Beds
3 Beds

Baths
2 Baths

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Manhattan Beach, CA
Photo of 211 John Street, Manhattan Beach, CA 90266 (MLS # SB19114761)
$2,999,999
Lot Size
5,058 sqft

Home Size
2,948 sqft

Beds
4 Beds

Baths
3 Baths

4117 The Strand (aka Ocean Dr) Drive
Manhattan Beach, CA
Photo of 4117 The Strand (aka Ocean Dr) Drive, Manhattan Beach, CA 90266 (MLS # SB19128624)
$5,999,000
Lot Size
3,498 sqft

Home Size
2,804 sqft

Beds
5 Beds

Baths
3 Baths

4122 The Strand
Manhattan Beach, CA
Photo of 4122 The Strand, Manhattan Beach, CA 90266 (MLS # SB19128654)
$6,700,000
Lot Size
3,503 sqft

Home Size
4,154 sqft

Beds
5 Beds

Baths
5 Baths

939 Duncan Avenue
Manhattan Beach, CA
Photo of 939 Duncan Avenue, Manhattan Beach, CA 90266 (MLS # SB19131007)
$3,895,000
Lot Size
4,500 sqft

Home Size
3,947 sqft

Beds
4 Beds

Baths
4 Baths

  • 2304 The Strand
    Manhattan Beach, CA
    Photo of 2304 The Strand, Manhattan Beach, CA 90266 (MLS # SB19013782)
    $7,950,000
    Lot Size
    3,498 sqft

    Home Size
    2,360 sqft

    Beds
    3 Beds

    Baths
    3 Baths

  • 1000 The Strand
    Manhattan Beach, CA
    Photo of 1000 The Strand, Manhattan Beach, CA 90266 (MLS # SB19037828)
    $25,900,000
    Lot Size
    4,979 sqft

    Home Size
    5,967 sqft

    Beds
    9 Beds

    Baths
    8 Baths

  • 1801 6th Street
    Manhattan Beach, CA
    Photo of 1801 6th Street, Manhattan Beach, CA 90266 (MLS # PV19046563)
    $2,799,000
    Lot Size
    4,953 sqft

    Home Size
    3,219 sqft

    Beds
    4 Beds

    Baths
    5 Baths

  • 577 31st Street
    Manhattan Beach, CA
    Photo of 577 31st Street, Manhattan Beach, CA 90266 (MLS # SB19056677)
    $4,499,000
    Lot Size
    5,027 sqft

    Home Size
    4,369 sqft

    Beds
    5 Beds

    Baths
    6 Baths

  • MLS # SB19039943
    Manhattan Beach, CA
    Photo of Manhattan Beach, CA 90266 (MLS # SB19039943)
    $4,495,000
    Lot Size
    1,347 sqft

    Home Size
    2,214 sqft

    Beds
    N/A

    Baths
    N/A

  • 811 1st Street
    Manhattan Beach, CA
    Photo of 811 1st Street, Manhattan Beach, CA 90266 (MLS # SB19075032)
    $3,150,000
    Lot Size
    5,128 sqft

    Home Size
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    Beds
    3 Beds

    Baths
    2 Baths

  • 211 John Street
    Manhattan Beach, CA
    Photo of 211 John Street, Manhattan Beach, CA 90266 (MLS # SB19114761)
    $2,999,999
    Lot Size
    5,058 sqft

    Home Size
    2,948 sqft

    Beds
    4 Beds

    Baths
    3 Baths

  • 4117 The Strand (aka Ocean Dr) Drive
    Manhattan Beach, CA
    Photo of 4117 The Strand (aka Ocean Dr) Drive, Manhattan Beach, CA 90266 (MLS # SB19128624)
    $5,999,000
    Lot Size
    3,498 sqft

    Home Size
    2,804 sqft

    Beds
    5 Beds

    Baths
    3 Baths

  • 4122 The Strand
    Manhattan Beach, CA
    Photo of 4122 The Strand, Manhattan Beach, CA 90266 (MLS # SB19128654)
    $6,700,000
    Lot Size
    3,503 sqft

    Home Size
    4,154 sqft

    Beds
    5 Beds

    Baths
    5 Baths

  • 939 Duncan Avenue
    Manhattan Beach, CA
    Photo of 939 Duncan Avenue, Manhattan Beach, CA 90266 (MLS # SB19131007)
    $3,895,000
    Lot Size
    4,500 sqft

    Home Size
    3,947 sqft

    Beds
    4 Beds

    Baths
    4 Baths

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Local Updates

Video Walkthrough of Our Newest Oceanview Listing – 610 The Village #304 in Redondo Beach

Take a tour of our newest listing in The Village. Get to know 610 The Village #304 in Redondo Beach CA. This is a beautifully remodeled top floor ocean view one bedroom condo just east of the Redondo Pier and King Harbor. See what this condo and this wonderful complex has to offer.

Coming Soon – Top Floor 1 Bedroom Ocean View Condo in Redondo Beach

Coming in late September…..610 The Village #304 in South Redondo Beach CA. This is a rare top floor condo with nobody above. Not only is the top floor much quieter with nobody above, but the extra 10 feet makes a huge difference with the view. Priced at $650,000 this home recently underwent a major remodel […]

Rare 2 Bedroom Oceanfront Condo for Sale in the Sand Castle in Redondo Beach

We haven’t seen a two bedroom for sale at 615 Esplanade, also knows at the Sand Castle, in quite a while.  Take a look at this new condo for sale in South Redondo Beach.  Click any MLS number above for details and photos of the home. **The listings above may be represented by other […]

Currently The Only Redondo Beach Home Priced Below $500,000

This unique opportunity in The Village of Redondo Beach may be your way to buy in this iconic coastal city.  This studio condo at 610 The Village #302 in South Redondo 90277 just fell out of escrow due to issues with the buyers.  Their loss may be your gain.  This is the lowest priced home […]

Let’s Get Started – Tools for Buyers and Sellers

Welcome to our quick start real estate page. Whether you are a home buyer, just looking or are a seller and thinking of listing your home, this is the best place to start. Click on one of our links to get started with the home search, find out about buying a home and get the […]

Our Newest Listing – Oceanview Condo at 610 The Village

Welcome to the good life. 610 The Village #302 is a rare top floor ocean view studio in the heart of Redondo Beach. This is the perfect home for those looking to transition from renters to owners, for those that travel frequently, those looking for an affordable rental property or those that just want to […]

Family Movie Night at the Redondo Beach Pier

FREE OUTDOOR MOVIES ON THE BOARDWALK AT THE PIER FEATURING We’re posting this on behalf of the The Redondo Pier Association.  They are committed to providing FREE community events throughout the year including one of Southern California’s longest-running kite festivals, summer concert series, chalk art  festival, classic car show, holiday concert and monthly yoga meet-ups! […]

beachlifefestival

Good times at the Beach Life Festival in Redondo Beach

The Beach Life Festival over the weekend was a big hit with great musicians and artists, a very cool community vibe and a great location.  Just a sampling of the weekend with Brian Wilson singing some Beach Boys hits.

No Shortage of Oceanfront Opportunities in Redondo Beach

There is an abundance of oceanfront homes and condos on the market on the Redondo Beach Esplanade. If you picture yourself living on the ocean with endless views, now may be your opportunity. Current Properties for Sale on the Esplanade 

Beachlife Festival Coming to Redondo Beach

Summer is almost upon us and to kick it into gear Redondo Beach is offering a weekend of fun at the Beach Life Festival. Happening from May 3 – 5 2019, the festival offers a variety of top level musical talents from Willie Nelson, Brian Wilson of the Beach Boys, Violent Femmes, Jason Mraz, Ziggy […]

Building Spotlight – Cote D’Azur – Ocean Views in the Hollywood Riviera

The Hollywood Riviera consists primarily of single family homes with a few condo and townhome options.  One of the largest condo complexes is Cote D’Azure perched in a spectacular oceanfront location.  Sitting on the highest spot of the spectacular street Paseo De La Playa, the complex resides among multi million dollar homes and just up […]

6 Homes for Sale in the Hollywood Riviera Priced over $2,000,000

The luxury real estate market in the Hollywood Riviera is alive and well it would appear. A price threshold that used to be reserved for only the rare and unique is now fairly common with 6 homes currently active on the MLS above $2.0M. Want to keep track of these homes? Let us know the […]

Opening Day is Here in LA….It’s Time For Dodger Baseball!!

As lifelong fans of the LA Dodgers we are so excited for opening day. Go Dodgers!!

Let’s Go Dodgers!

As lifelong Dodger fans we’re ready to get this started.  Looking forward to another awesome year of Dodger baseball.  Not only is the beginning of baseball season a blast but it only means warmer weather and summer just around the corner. Go Dodgers!!

Understanding Closing Costs in Redondo Beach

You can generally break down all closing costs into four basic groups: Amounts paid to state and local governments. These include city, county and state transfer taxes, recordation fees, and prepaid property taxes. Costs of obtaining a loan or mortgage. These fees include title insurance, appraisals, credit checks, loan origination and documentation fees, commitment and […]

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