Golden Hills of Redondo Beach

Inventory, Home Sales, Pendings and Prices All Rising in Golden Hills of Redondo Beach

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

South Redondo homes

Hollywood Riviera Home Prices On the Rise

The Hollywood Riviera real estate market has taken off in the past few weeks with a median list price of over $1.5M which is a fairly unbelievable number for an area with a median sales price of just over $1.0M for the past 4 months.  Included in these sold homes was the ocean front home at 623 Paseo De La Playa which sold for $2.625M and without that very unique sale, median prices would have been considerably lower.  What accounts for this incredible increase?

According to Redondo Beach specialist, Keith Kyle, it is a combination of a number of factors.  “The market has clearly changed in the past few months with inventory dropping and prices rising.  In addition the homes currently on the market just happen to be more upgraded and larger as sellers with luxury homes in the Hollywood Riviera have decided it is great time to list their homes.  One last factor is the dramatic reduction in the number of distressed sales.  As of a year ago distressed sales made up a sizable portion of the listings and are almost non-existent these days.”  Click here to view the most recent home sales in the Hollywood Riviera.

Current Hollywood Riviera Homes for Sale

Oceanfront Condos Abound On the Esplanade in Redondo Beach

If you dream of big ocean views, the sounds of the sea, and living by the beach….Redondo Beach may be an ideal place to consider.  Unlike neighboring Manhattan Beach, Hermosa Beach and Palos Verdes, with oceanfront homes meaning a multi million dollar price tag, Redondo Beach offers a far more affordable way of living at the beach.  Currently there are 6 condos that either offer ocean views or are ocean front in South Redondo.  According to top Redondo Beach realtor Keith Kyle, “Redondo Beach has very different zoning than Manhattan or Hermosa, which allowed for high rise complexes to be built in the 1970s.   This allowed for a much larger number of ocean front and ocean view homes which has kept prices far more affordable.  Below is a list of the current condos located in The Village, Seascape and the various buildings along the Esplanade, Redondo’s oceanfront street.

Take a tour of some of the buildings mentioned above and get a better sense of your oceanfront condo opportunities.

 

Keith Kyle realtor for sale sign

South Bay Brokers Names 2012 Top Producing Agents

South Bay Brokers, one of the top real estate firms in the South Bay of Los Angeles, has recently named their Top Producing Agents for  2012.   RedondoBeachRealEstateHomes.com and Redondo Beach realtor Keith Kyle was once again a top producing realtor.  Thank you to my many clients that have put their trust in me over the years and have allowed me to part of their real estate needs.

 

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Top Redondo Beach Listing Agent and Selling Realtor

Our Redondo Beach Listings and Sold Homes

As one of the top listing and selling Realtors in Redondo Beach, we know how to help buyers find and negotiate on the right home, and know how best to get Redondo Beach home sellers the highest sales price with the fewest hassles.  View our Redondo Beach home sales and listings to get a sense of the homes we sell and how we may be able to help with your real estate needs

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Seascape 3 at 530 The Village Redondo Beach

Ocean View Condos in Seascape and The Village Redondo Beach

Oceanview condos of the village and seacapes 1,2 and 3

real estate and condos for sale in south Redondo Beach 90277

The area of Redondo known as The Village, or Seascapes I, II and III offers the finest in resort living. Located near the Redondo Beach pier and a short walk to both King Harbor and the beaches of Redondo, these upscale condominiums offer a resort feel, and are the perfect home for those wanting to live close to the ocean. Often offering fantastic views of the Pacific Ocean, Catalina, and the beaches of Redondo the Seascape condominiums and townhomes boast pool and exercise facilities, a short walk to beaches, shopping and the pier. This is South Bay living at it’s finest.

There are endless reasons that the South Bay and Redondo Beach are great places to live, and without question the proximity to the ocean is one of them.

Redondo Beach offers a wider variety of options than neighboring Hermosa Beach and Manhattan Beach as it’s zoned to allow higher density housing in some areas…..meaning larger condo complexes. Some of the most ideal complexes are located in South Redondo Beach just off of Catalina and are known as the Village or Seascapes I, II and III. All of the Seascape Buildings are also known as the Village (they’re actually all on Catalina but the addresses are on The Village) All of the complexes have homeowners associations with relatively high HOA dues (other than the actual “Village” to cover the various landscaping, pools and some insurance, but if you’re looking for an affordable way to have a beach home, they may be ideal for you.   See the current condos for sale in The Village and Seascapes

The Village condos and townhomes

610-696 the village, Redondo beach

The Village in South Redondo Beach offers the most affordable way of living right at the beach in the South Bay. Consisting of 323 ocean view units with the majority being condo style homes with a few townhomes on the corner of Torrance and Catalina.   Home options include 410 foot studios, 619 foot one bedroom and 2 bedroom condos located with street addresses between 610 and 660 The Village as well as a few townhomes in the 670-696 addresses that rarely come on the market.  

The units are staggered so that all offer some ocean views from the condos or balconies.  The buildings consist primarily of one bedroom condos with each floor having 2 studios that are furthest from the water, and two 2 bedroom layouts that are always on the front of the building and offer the most direct ocean views.

The Village is located just east of King Harbor and the Redondo Pier.  The proximity to the beach, King Harbor, Hermosa and Manhattan makes for a fantastic and active lifestyle.  The community offers a resort like feel with 2 fantastic pool areas, one for Village owners/renters and the other shared with the nearby Ocean Club (rental units), BBQ areas, firepits, state of the art fitness (part of the Ocean Club that owners/renters have access to) and an onsite market/restaurant. See the current homes for sale in The Village and Seascape

Seascape 1

210 - 250 The Village, Redondo Beach

Seascape One is actually located between Seascapes II and III and consists of 210-250 The Village. It was built in 1978 and is just east of King Harbor and the Redondo Beach pier. Many of the units have fairly unique windows that allow for plenty of light and breezes. The smallest units are 1 bedroom 1 bath with around 577 square feet with the largest units being 2 bedroom 2 bath with just over 1600 feet. Values depend primarily on the location and view as well as the upgrades that the owners have done over time.

 Pros: Location, location, location. Seascape I is central to everything and you truly don’t have to get in the car on the weekends. It’s directly adjacent to the marina and the Redondo Beach pier and has a large grassy park just outside your door. Some of the units are very nicely remodeled and some have tremendous ocean views (although those unblocked view units rarely come on the market. This is an affordable way to live by the beach or use a rental unit. See additional pictures of an ocean view unit at 240 The Village.

Cons: The complex is a little maze like and finding your way around isn’t always simple but this is not a challenge for the residents….only visitors. The complex also has shared laundry with a laundry room near the elevator on every floor. As each floor has it’s own laundry it is only shared by a few units so in general it isn’t a problem. Unlike Seacapes Two and Three the complex is not gated (although the parking, pool and the north side of the complex are)  See the current homes for sale in The Village and Seascapes

Seascape 2 condos and townhomes

110-160 The village

Seascape 2 was built in 1980 and looks a bit more modern than Seascape I. The units are much larger with the smallest one bedrooms just a bit over 900 square feet and the largest condos having 2 bedrooms plus a very good sized loft (with an additional balcony) and just at 1900 square feet. Seascape 2 consists of the buildings with 100-160 The Village addresses and is the furthest north of the oceanfront/oceanview buildings. The complex has a very nice pool area and is walkable to just about everything imaginable. Seascape 2 also has some townhome units with larger square footage and attached garages. Many/most of the units have been extensively remodeled and many have stunning ocean and harbor views.

Pros: Again the location is excellent with shops, restaurants, gyms and the beach just a stroll away. The complex has a very nice vacation like feel to it and is ideal for those looking for a beach home, second home or just wanting a primary residence at the beach….without the price tag of many other oceanview properties.

Cons: There are occassionaly special assessments and the monthly HOA is fairly high and currently range between the low $700 -$850s depending on the unit size. It’s a fairly large complex and often a bit confusing to find your way around. Although the views can be stunning some of the units are a bit further back with a service road and a few buildings in front of the views of some of the lower units.  See the current homes for sale in The Village and Seascapes

Seascape 3

510 - 540 The Village, Redondo Beach

Built in 1980 Seascape 3 feels very similar to Seascape II with a slightly more “vacation” type feel. The condos are fairly large with the smallest 1458 square feet and the largest being the penthouse 2 bedroom with an ocean view loft and separate patio with slightly over 2000 square feet. This is the furthest south of the Seascape buildings but still walkable to everything.

Pros: Again the location is just ideal and the complex has a great second home or vacation feel. Higher floor units have some tremendous views and many have been very nicely upgraded. As with all of the Esplanade and Village buildings, prices have come down considerably as they have had a very high second home ownership in the past and have suffered quite a bit with some foreclosures and short sales forcing prices down which makes for an ideal environment for buyers

Cons: As with all of the Seascape buildings the HOA is quite high and the age of the buildings, coupled with their environment of sun and salt air, often make for additional assessments. HOA is also fairly restrictive as to what can be done to the units, but this can also be considered a positive for many.

current Seascape and Village condos and townhomes for sale

Ocean and harbor view condos in south Redondo Beach

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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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keith kyle

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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

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.