For those tracking the real estate market in Redondo Beach, here’s a quick overview of the market during December. There were 74 on market property sales during the month with a median sales price of $1,371,000. Homes only averaged 22 days on market before selling.
November was a very solid month for home sales and home prices in Redondo Beach. There were 87 on market home sales during the month. The median “list” price was $1,199,000 with the median “sold” price of $1,175,000 showing that its still a sellers market. The average price per foot was $674 with the average days on market of 29 days.
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.
Welcome Home Buyers and Sellers in Redondo Beach CA
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 value of your Redondo Beach home in today’s real estate market.
Home staging is an important part of the preparation process when selling a house. Whether fully staging the home using a professional stager, or simply de-cluttering and adding something to the owners current furniture, staging can make the difference between a home selling quickly and sitting on the market. Here are a few pointers to help prepare your Redondo Beach home for sale. If you have given any thought to selling your home in Torrance or the South Bay, we can help. Contact us for information on how we sell homes or find the value of your home in Redondo Beach CA.
See the Positives and Negatives of Homes in the Golden Hills
As many of my clients are from out of the area or out of state, they seem to have a notion that the South Bay is simply one big city and there aren’t all that many differences between Manhattan Beach, Hermosa Beach and Redondo Beach. The reality is that even within these cities the individual neighborhoods vary quite a bit. Due to the sheer size of the city, Redondo Beach is one of the more varied communities in the South Bay in terms of types of housing, size and age, and price.
The area just east of Hermosa and just South of Manhattan (see Golden Hills Map)is a hilly section of Redondo Beach known as the Golden Hills. Knowing the areas pros and cons is an important step in determining whether the Golden Hills is the right area for you. The homes in the area have a not entirely flattering nickname and are called “tall and skinnies”. Drive down any street in the area and you’ll see why. When the homes were originally built the area was subdivided into 25×100 foot lots. With no alleys in the rear, this means that the frontage of the home required a 2 car garage and as you’ll notice, the homes look somewhat similar. So here’s the pros and cons of the area.
Pros of Life in the Golden Hills:
You get a bigger house for a lower price. Many of the homes in the area are in the 1700+ square foot range with spacious living rooms, open kitchens and good sized bedrooms.
Prices for either smalller square foot houses or fixers generally start in the high $1,000,000k range and newer, larger homes can sell for over $1,600,000.
Location is excellent. Being just east of Hermosa Beach, means that the Golden Hills is very close to the beach. Saying it’s a walk or bike ride is a bit of a reach, but it’s not far off. Being this close to the beach means cooler summers and warmer winters……and who doesn’t like that.
Upgrades. Many of the homes in the area have been very nicely upgraded and well taken care of. Those that haven’t can be purchased for an even greater discount.
Price. Look just west in Hermosa and the price jumps considerably. Try to find a home this size in other parts of Redondo and expect to pay $100k more.
Cons for the homes in the Golden Hills:
The biggest complaint that I get to the area is the bedroom configuration. With a 25 foot wide lot there’s only so many options the original builders had. The general layout is living room (often with vaulted ceilings), kitchen and master bedroom upstairs, and garage and 2 bedrooms downstairs. The master on one level with the other bedrooms downstairs is often an obstacle with families with small kids or expectant parents.
Proximity to your neighbors. Again with lots 25 feet wide, and front doors usually needing to be on the side of the house due to the garage, don’t generally mean much room between you and your neighbor.
Lack of street parking. With 2 car wide driveways in front of every 25 foot wide lot, it doesn’t leave much room for curbs. On the other hand a two car garage plus 2 driveway spaces may make that a non factor.
Small yards. Generally these homes have a small yard in the rear without a front yard to speak of. Again this can be a positive or a negative, depending on your situation.