Redondo Beach Sees Year Over Year Home Price Increase for May of 2016

Redondo Beach, CA saw a year over year price increase in May with 96 homes sold this month at a median price of around $950,000 which was considerably up from $845,000 the prior May.  Redondo Beach was the only one of the Beach Cities (Manhattan Beach, Hermosa Beach and Redondo Beach) to see gains over the prior year.  The 96 home sales is a big number for Redondo and is a good indication that the market activity has picked up with more homes coming on the market.  Click here to see the homes sold in Redondo Beach for May of 2016.

City HomesSold May 2016 Median May 2015 Median Year over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%
Luxury kitchens in Redondo Beach

January Home Prices in Redondo Beach Continue to Rise

January 2016 Home Prices in Redondo Beach and the South Bay

January 2016 showed to be another strong month in the Redondo Beach real estate market with the median home price nearing almost $900,0000.  Demand continued with no end in sight as homes often sold quickly and over their asking prices.

Click here to see the recent home sales in Redondo Beach CA.

City HomesSold January2016 Median January2015 Median Yearover Year % Change%
Carson 27 $415,000 $385,000 7.8%
El Segundo real estate 8 $1,074,500 $799,000 34.5%
Gardena 28 $471,000 $399,000 18%
Harbor City 13 $500,000 $454,000 10.1%
Hawthorne homes for sale 33 $457,000 $500,000 -8.5%
Hermosa Beach homes 10 $1,783,500 $1,680,000 6.2%
Lawndale homes for sale 9 $450,000 $430,000 4.7%
Lomita 12 $420,000 $365,000 15.1%
Long Beach 241 $425,000 $406,000 4.7%
Manhattan Beach real estate 22 $1,760,000 $1,675,000 5.1%
Marina Del Rey 16 $1497,000 $855,000 75.1%
Palos Verdes Estates 19 $1,272,000 $1,251,000 1.7%
Playa Del Rey 10 $574,000 $527,000 9.0%
Rancho Palos Verdes 38 $900,000 $1,015,000 -11.3%
Redondo Beach homes 66 $885,000 $802,000 10.3%
San Pedro 47 $465,000 $450,000 3.4%
Torrance real estate and homes 83 $632,000 $617,000 2.3%
Westchester 22 $880,000 $900,000 -2.2%
Redondo Beach map

What’s the Difference Between North and South Redondo Beach?

By Keith Kyle

When most buyers come to me they know that they’re interested in Redondo Beach, but don’t know much about the various parts and the differences in the neighborhoods.  While there are a number of different neighborhoods and real estate “areas” the big distinction is between North Redondo and South Redondo.

So what’s the difference?

The physical dividing line between the two is 190th Street and Anita, but in reality the differences are much more than just the separation of the street.  The “feel” of North Redondo and South Redondo are the most significant difference.  North Redondo sits east of Manhattan Beach and Hermosa Beach with no beach to call it’s own, while South Redondo has the prototypical “beach” feel and incorporates the areas of King Harbor, Redondo Beach, the Redondo pier and the beachfront street of the Esplanade.

North-South-Redondo-Beach-MapBoth north Redondo and South Redondo have a variety of housing options ranging from condos to mansions and everything in between, but when people often think of “Redondo Beach” they think of oceanfront and oceanview homes and those are only found in South Redondo.

The tradeoff is home prices and values.  In general, homes in South Redondo are more expensive and more valuable than similar homes in North Redondo, and it’s really all about the proximity to the beach, and the “beach” feel. While condos are a bit rarer in North Redondo, home prices generally start in the mid $500,000 for a smaller condo or townhome up to well over $1,500,000 for a larger home on a larger lot.  Home values can start in the mid $300,000 for a condo in Brookside Village and can reach to over $10,000,000 (which is very rare) for one of the few oceanfront estate style homes on the Esplanade.

Luxury homes in Redondo Beach

Are All Redondo Beach Listing Agents the Same?

It always surprises me just how little effort and expertise goes into prepping and presenting homes for sale.  In a real estate community like Redondo Beach, with median home prices often nearing $1.0M, you would think that all realtors would be good. The way a home is presented in marketing and advertising can mean the difference between getting an offer or sitting on the market and can mean 10’s of thousands of dollars to a home seller.

Photo-comparison

Above is a great example that I came across the other day while searching listings.  These pictures of one bedroom condos for sale in The Village of Redondo Beach make a great impact as they are generally the same room, floorplan and angle.  Honestly which would you be more inclined to see and visit?  Both properties were vacant but the home on the left was staged and professional photographer used.  It simply looks brighter and more inviting and a buyer would be far more likely to want to take a look and tour the home.

So why do some sellers choose realtors that put so little effort into selling their Torrance homes?

That’s a great question but there is really no great answer.  Sellers sometimes use a friend of the family, perhaps someone they know, or someone that sends out flyers to the neighborhood.  Regardless of where the realtor comes from it’s astounding that sellers don’t ask how the realtor will prep and market the property.

So what should a Redondo Beach home seller do?

Research….find out which agents are successful selling in the area and find out why.  Then look at past listings to see how the homes look.  It’s no mistake that some agents just have better looking listings.  Some agents simply do more and want every home they sell to look as good as possible.  Ask to see marketing samples and insist on your realtor using a professional photographer as it can make a huge difference.  Sellers have one chance to be a “new listing” and take advantage of the interest and momentum that comes along with that. Would you rather have your home look like the one on the left, or the one on the right.  Keep in mind that the commission you are paying is usually the same….whether your realtor does the bare minimum and puts forward little effort, or goes well above and beyond to market your home.


Button-Redondo-Sellers

 

Search Redondo Beach homes for sale by price range

Search for homes in Redondo Beach

search by price range

By Keith Kyle

One of the most efficient ways of searching for homes is to see homes in your specific price range.  We’ve done the work for you and keep you updated on homes in various price ranges in Redondo Beach. 

Want an even simpler way?  Take advantage of our FREE Redondo listing updates and we’ll customize a search just for you and send you daily notifications with new home listings.  Instead of searching the web, we’ll send emails with the latest homes for sale directly to you.

Ocean view deck

The Village in South Redondo Beach May Be the Most Affordable Ocean Views

The Village, located on Catalina Blvd in South Redondo Beach, is a condo complex just east of King Harbor. It offers some resort type amenities   with a hotel style pool and exercise facility, and is ideally located walking distance to just about everything. What’s perhaps the best aspect may be the prices. Each building consists of primarily 619 square foot one bedroom condos and due to the angular patios almost all have some type of ocean view.   Each building also offers 2 studios on the easternmost part of each floor, and 2 bedroom condos, which rarely become available, on the westernmost, ocean facing side of the buildings.  The Village consists of 6 larger 3 story (they’re actually 4 or 5 levels depending on garages but 3 floors of condos) buildings and 3 buildings with townhome type units.  According to Keith Kyle, one of the top Redondo Beach realtors that specializes in the area, “The Village is an ideal fit for buyers looking for a vacation type feel.  Most owners use the condos as a second home or as a beach rental as demand is always high for ocean view homes.”

Parking is located below each building (parking for each unit is not necessarily in the same building) and units can either have one or two spaces.  Laundry is common area located near the 1st floor garage in most cases.  Click here to see a map of The Village Condominiums and Townhomes.  Click here To see a video tour of some other ocean view and ocean front communities.

Current Village and Seascape Condos and Townhomes for Sale

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Vista Sotheby's International

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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Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

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

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