Redondo Beach Median Home Prices for December 2015

By Keith Kyle

The December numbers are in and if there was any thought that the real estate market in Redondo Beach was leveling the numbers certainly say otherwise.

The average home price in Redondo Beach for the homes that closed escrow during December was $930,840 with a median price of $836,250.  Those are big numbers that still shows no sign of slowing or reversing.   See the chart below for the December home sales numbers for Redondo Beach and the South Bay for December of 2015.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 10 $949,000 $735,000 20.2
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 24 $1,475,000 $1,360,000 8.5%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $836,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%
610 The Village ocean views

The Village In Redondo Beach Real Estate Market Update

The real estate market in The Village, oceanview condos in South Redondo Beach, just couldn’t be hotter!  One bedroom homes have skyrocketed in value in just the past few months.  See the recent postcard to the sellers and homeowner in The Village.  The Village is a collection of condos and townhomes offering studio, 1 bedroom and 2 bedroom units, many with great views and all located just walking distance to the beach and the Redondo Beach Pier.

Current Village and Seascape Condos and Townhomes for Sale

pool area of Brookside Village

Brookside Village – South Redondo’s Most Affordable Address

Brookside  Village Condos in South Redondo Beach CA

South Redondo's Most Affordable Address

Redondo  Beach has it all…..great weather, proximity to the beach,  charming downtown, and plenty of housing options. One of the most affordable places to live in South Redondo Beach  is Brookside Village located in the area where Prospect and Camino Real intersect. Brookside Village is a planned community  comprised of 385 condominium units in 32 buildings in a park like setting and located just a short distance to the beach.  The complex offers 2 pools, 3 Jacuzzis, 2 saunas, 2 tennis courts, a clubhouse, and a gym. Housing prices range from  the low $300,000 range for smaller 1 bedroom units to the low to mid $500,000s for 3 bedroom 2 bath condos. As the complex  was primarily built in the early 1970s some of the units are still original with many being totally upgraded and modernized.

Brookside Village Redondo Beach
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Current Brookside Village Condos for Sale

565 Esplanade Redondo Beach - Surfrider condos

Oceanfront Homes For Sale on the Esplanade in Redondo Beach

Oceanfront Condos on The Esplanade in South RedondoEsplanade condos

Living at the beach may be more affordable than you think as Redondo Beach zoning allows for larger ocean front condo buildings not seen in other areas of the South Bay.   At the moment there are far more oceanfront condos, townhomes and homes for sale then in recent memory.  The current homes range from 1 bed 1 bath condos in the Sand Castle, to one of the more impressive oceanfront homes ever to come on the market at 717 Esplanade.  7 of the current homes for sale are ocean front condos on the Esplanade with the bulk of the additional opportunities being single family or multi unit.  The home at 739 Esplanade is one of the more intriguing properties as it’s currently 3 separate levels, each with kitchen and baths that can be torn down with the ability to build townhomes, or a very large estate, but may also work as an owner occupied investment property with owners living in one of the 3 levels and renting the other two.

See the current oceanfront homes for sale on the Esplanade in South Redondo Beach

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Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

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Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

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