Unlike the adjacent neighborhoods of Manhattan and Hermosa Beach, the real estate market in the Golden Hills of Redondo Beach, just east of Hermosa has been somewhat unique in recent months. Everything seems to be on the rise with the number of active homes for sale increasing, sales increasing, pending home sales increasing and prices on the rise. The area is home to a rather unique type of single family home known as a “tall and skinny” in the local real estate world. With lots dimensions at 25 x 100 and minimal setback requirements, most homes are only separated by 5 feet and is something not seen in many other neighborhoods. Read more about the pros and cons of Golden Hills Real Estate. According to Redondo Beach real estate specialist Keith Kyle, “we’re seeing homes selling over list price, with multiple offers on a fairly regular basis and prices have rebounded considerably in 2013.”
Real Estate Statistics and Trends for The Golden Hills in Redondo Beach
The report above shows the recent housing activity, including active homes for sale (light green), pending home sales (red line) , and closed home sales (dark green).
The chart above shows the average price per square foot in the Golden Hills
The chart above shows the average days on market as well as the % of sale price compared with the list price
The chart above shows the median home prices (light blue) as well as average list prices and average sold prices