redondo beach real estate

November 30, 2015October 8, 2024

Only 2 Active Foreclosure Listings in All of Redondo Beach

By Keith Kyle

The distressed home and foreclosure market was never a major factor in the Beach Cities as the coastal communities were always buffered a bit from the huge price drops after the real estate bubble burst. Some of the outlying South Bay communities did see a large increase in bank owned homes and short sales but the closer the community was to the ocean, the less impact we tended to see.

That being said there were still a healthy (or unhealthy depending on what side of the process you were involved with) number of distressed homes for several years, but that’s virtually come to a trickle. From a high of 130 active foreclosure listings back in 2010, which does not include the number of homes in default, to only 2 active foreclosures in Hermosa, Redondo and Manhattan Beach combined. Hermosa Beach and Manhattan Beach were always very limited in the distressed market with the bulk of the foreclosure listings being in Redondo Beach.

in Foreclosures, South Redondo Beach Posted by Keith Kyle

Breakwater Village 55+ condos in Redondo Beach

November 23, 2015August 27, 2025

September 2015 Home Sales in Redondo Beach and Beyond

By Keith Kyle

Redondo Beach saw an impressive number of homes selling in September of 2015 to end the summer selling season with 97 closed escrows. In addition the median home price in Redondo was $875,000 which shows significant gains in value over the past year. The market was hot throughout Redondo Beach with homes in both North and South Redondo often selling quickly and with multiple offers.

City	Homes Sold	September 2015 Median	September 2014 Median	Year over Year % Change
Carson	49	$406,000	$366,000	10.8%
El Segundo	9	$1,045,000	$517,000	76%
Gardena	33	$440,000	365,000	20.5%
Harbor City	18	$514,500	$462,500	11.2%
Hawthorne	27	$513,000	$550,000	-6.7%
Hermosa Beach	20	$1,200,000	$1,020,000	17.7%
Lawndale	13	$450,000	$379,000	18.6%
Lomita	15	$580,000	$570,000	1.8%
Long Beach	390	$435,000	$420,000	3.7%
Manhattan Beach	39	$2,050,000	$2,025,000	1.2%
Marina Del Rey	29	$865,000	$817,000	5.9%
Palos Verdes Estates	35	$1550,000	$1575,000	-1.6%
Playa Del Rey	18	$542,000	$534,000	1.6%
Rancho Palos Verdes	49	$1,040,000	$1,058,000	-1.7%
Redondo Beach	97	$875,000	$790,000	10.8%
San Pedro	69	$442,000	$459,000	-3.6%
Torrance	135	$585,000	$527,00	10.9%
Westchester	26	$908,000	$872,000	4.1%

Big Gains In May 2015 Median Home Prices in the South Bay

By Keith Kyle

May was another huge month in terms of home prices in the South Bay with Hermosa Beach highest on the wow factor with a median price in May of $,1450,00, almost 32% higher than the year before. Redondo Beach saw major gains as well with 106 homes selling in May with a median home price of over $844,000

City	Homes Sold	May 2015 Median	May 2014 Median	Year over Year % Change
Carson	45	$410,000	$376,500	8.9%
El Segundo	14	$803,500	$818,000	-0.8%
Gardena	35	$405,000	$400,000	1.3%
Harbor City	26	$415,000	$382,000	8.6%
Hawthorne	68	$525,00	$487,000	7.9%
Hermosa Beach	23	$1,450,000	$1,102,000	31.6%
Lawndale	12	$431,000	$417,500	3.2%
Lomita	11	$509,000	$575,000	3.5%
Long Beach	362	$433,000	$399,000	8.5%
Manhattan Beach	38	$2,238,750	$2,005,000	11.7%
Marina Del Rey	26	$917,000	$900,000	1.9%
Palos Verdes Estates	37	$1,515,000	$1,430,000	5.9%
Playa Del Rey	24	$615,000	$711,000	-135%
Rancho Palos Verdes	56	$1,100,000	$990,000	11.1%
Redondo Beach	106	$844,500	$722,000	17%
San Pedro	67	$449,250	$425,000	5.7%
Torrance	148	$579,000	$560,000	3.4%
Westchester	26	$900,000	$797,000	12.9%

in Hermosa Beach, Hollywood Riviera, Manhattan Beach, Market Trends, North Redondo Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

July 5, 2015April 18, 2023

Real Estate Explained – 2 on a Lot Townhomes in Redondo Beach

By Keith Kyle

One of the more common types of houses in both north and south Redondo Beach is what we call a two on a lot. At some point there was either a small home or small duplex on a larger lot. While the city of Redondo will not allow these lots to be split, they can, depending on zoning, be the sites for multiple unit townhome buildings. In general the zoning either allows a 3 on a lot townhome or a 2 on a lot townhome. The appeal to the two on a lot is that it often feels more like a single family than what most think of when they hear townhome or townhouse. The 2 on a lot can either be attached (usually the shared wall is the garage downstairs and either the master or a patio wall upstairs) or detached with no shared walls and usually a yard separating the two. Both types of 2 on a lot can be a great alternative to a single family home. They are usually larger, newer and in better locations than an SFR in the same price range. In some cases these detached two on a lot have the even better fortune of being on a corner lot giving the two separate townhomes different street addresses and a look and feel of two completely different homes. Values for 2 on a lot Redondo Beach townhomes have skyrocketed in the past 2 years with new construction detached two on a lots nearing $2.4M. Redondo Beach 2 on a lot townhomes

in North Redondo Beach, South Redondo Beach, Townhomes Posted by Keith Kyle

June 6th and 7th – Big Weekend for Redondo Beach Open Houses

By Keith Kyle

If you’re in the market for a home in Redondo Beach or just curious to see what some homes look like, there are an abundance of open houses for this coming weekend. If you’re seeing this after June 6th or 7th visit our updated South Bay open houses page. There are plenty of homes to see in both North Redondo Beach and South Redondo Beach ranging from Brookside Village condos to oceanfront homes along the Esplanade.

Days	Hours	Address	Details	Price

Sat/ Sun	1-4pm	645 S. Prospect #204	3 BD, 1.75 BA, Corner, End Unit	$579,000
Sun	1-4pm	2503 Vanderbilt Ln. #1	3 BD, 2 BA, 1,290 SF, Detached 3-On-Lot	$585,000
Sun	1-4pm	2510 Voorhees Ave. #7	2 BD, 2 BA townhomes	$599,000
Sat/ Sun	1-4pm	250 The Village #213	1 BD, 1 BA, 910 SF Condo near the beach	$619,000
Sat	1-4pm	1611 Lomax Ln.	2 BD, 1 BA, Beach Home with city views	$719,000
Sun	1-4pm	2307 Rindge Ln.	4 BD, 2.5 BA, 2,300 SF, New Listing	$799,000
Sat/ Sun	1-4pm	307 S. Prospect	3 BD, 1.5 BA, New Listing	$849,000
Sat/ Sun	1-4pm	1714 Stanford Ave.	4 BD, 2 BA, recently remodeled	$850,000
Sat/ Sun	1-4pm	1733 Spreckels Ln.	3 BD, 2.5 BA, Yard & Spa	$969,500
Sat	12-2pm	2411 Gates Ave.	Duplex! 2- 2 BD + 1 BA Units, 1,586 SF, 7,499 SF Lot, Grass Space	$999,000
Sat/ Sun	1-4pm	309 Emerald #A	3 BD, 2.5 BA, End Unit	$1,050,000
Sun	2-4pm	712 S. Broadway #A	Ocean close Townhome, 3 BD, 2.5 BA, 2 Blks 2 Bch	$1,099,000
Sat	1-4pm	1609 Ripley Ave.	5 BD, 3.5 BA, Dual Living Spaces	$1,249,000
Sat/ Sun	1-4pm	239 N. Irena Ave. #B	4 BD, 3.5 BA, New Construction	$1,369,000
Sat	2-4pm	2201 Bataan	Updated 5 BD, 4 BA, SFR, Corner Lot	$1,379,000
Sat	2-4pm	411 Avenue F	6 BD, 4 BA, 3,800 SF, Ocean Views	$1,699,000
Sat	2-4pm	1906 Rockefeller	4-Unit Bldg, Each 2 BD + 1.5 BA, Remodeled	$1,899,000
Sun	2-4pm	1913 Gates Ave.	4 BD, 3.5 BA, Office, High-Tech, Huge Yard	$2,200,000
Sat/ Sun	1-4pm	737 S. Juanita	4 BD, 4 BA, Mediterr. Modern Smart Home	$2,449,000
Sat/ Sun	1-4pm	708 Esplanade	4 BD, 3.5 BA, Big ocean views	$2,999,000

in Brookside Village, Condominiums, North Redondo Beach, South Redondo Beach, The Avenues in Redondo Beach, The Village oceanview condos Posted by Keith Kyle

Redondo Housing Inventory Stays Low…So Where are the New Listings?

By Keith Kyle

As a Redondo Beach realtor who has been doing this a while, I’ve come to expect a nice increase in houses for sale in mid to late January. As the holidays wrap up, football season ends, and everyone gets back to work, we generally see a nice increase in homes that hit the market. It can often set the tone for much of the year as and abundance of homes early in the year often seems to stabilize the market one way or another. Unfortunately 2015 hasn’t seen that increase as the number of active homes for sale continues to go down at a time when the homes for sale should be going up. It’s still early enough that sellers may yet be holding off for a week or two to put their homes on the market and it would be welcome relief for the home buyers sitting and waiting.

The chart below shows the number of homes for sale represented by the light green bar. As of January 29th there are only 88 homes for sale in all of Redondo Beach.

in Uncategorized Posted by Keith Kyle

Only 2 Active Foreclosure Listings in All of Redondo Beach

September 2015 Home Sales in Redondo Beach and Beyond

Big Gains In May 2015 Median Home Prices in the South Bay

Real Estate Explained – 2 on a Lot Townhomes in Redondo Beach

June 6th and 7th – Big Weekend for Redondo Beach Open Houses

Redondo Housing Inventory Stays Low…So Where are the New Listings?

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