redondo beach

June 11, 2018

Are Contingent Offers Starting to Be a Workable Strategy?

By Keith Kyle

In the past two months I’ve had three contingent offers accepted. Not only were the offers accepted but my clients homes were not even on the market yet. I spent much of 2017 submitting contingent offers for these clients only to be rejected time and time again. Often times we were competing against 15-20 other offers and some were all cash….we didn’t have a chance.

So is that changing?

It may just be timing, luck or the right situation, but sellers seem to be considering contingent offers in the current Redondo Beach real estate market. It’s key to submit a VERY strong offer in regards to price and terms, but sellers may be realizing that the buyer’s homes will likely sell fairly quickly.

For those that don’t know what a contingent offer is…..there are many situations in which a home buyer needs to sell their home to have enough money for the down payment and to qualify for the loan. When you submit an offer that requires the buyer to sell their home to make it work…that’s a contingent offer. It adds a whole additional level of uncertainty to the sellers of the home being purchased. No longer is their just a home inspection, appraisal and loan on their house……but likely a home inspection, appraisal, and loan on the buyers sale as well. The uncertainty is the reason most sellers won’t consider it unless it’s the only option.

In a sellers market with multiple offers and high demand, getting a contingent offer accepted is a long shot at best, but maybe the recent wave of acceptances is a sign that things are changing slightly.

in Market Trends, Real estate strategy, South Redondo Beach Posted by Keith Kyle

April 21, 2016April 28, 2023

If oceanfront is what you’re looking for…..501 Paseo De La Playa

By Keith Kyle

I’ve been fortunate to represent a few clients on purchases or sales along Paseo De La Playa in the Hollywood Riviera and the locations is nothing short of spectacular. Paseo De La Playa is the oceanfront street that connects Redondo Beach with the beginning of the Palos Verdes Peninsula and offers a lifestyle not found in many places.

The recent listing of 501 Paseo De La Playa is no exception. This 5 bedroom, 3 1/2 bath home sits high on the bluff and offers mesmerizing views of the ocean, Palos Verdes and the beautiful coastline from Redondo to Malibu.

in Beach Front Homes, Hollywood Riviera, Homes of Note, Ocean View Homes, Oceanfront Homes, South Redondo Beach, Torrance 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

December 3, 2014August 20, 2022

Where Have all the Ocean Front and Ocean View Condos Gone?

Although the housing inventory has been low in Redondo Beach for almost 2 years now, the market for and ocean view Village condos is almost non-existent. Popular condo complexes such as The Village, the Seascape buildings, and various oceanfront buildings on the Esplanade are nowhere near the normal inventory levels. According to realtor Keith Kyle, “It’s really been months since there’s been anything new. There are currently a few places that have been on the market for some time now, but the few new listings, if priced anywhere near where they should be, disappear quickly.”

“These homes offer the iconic South Bay beach lifestyle and are are highly sought after, often by professionals that travel extensively, local retired or semi-retired people looking for that vacation beach feel, or those priced out of nearby townhomes and single family homes.”

The inventory has continued to drop to nearly a trickle with only 2 condos on the market as of this writing. Both are in the Seascape buildings behind King Harbor and the Redondo Pier area. The homes often offer the real feel of living on vacation as many have great views and some offer terrific amenities.

in Beach Front Homes, Communities, Condominiums, King Harbor, Ocean View Homes, Oceanfront Homes, Seascape ocean view condos, South Redondo Beach, The Esplanade oceanfront homes, The Village oceanview condos Posted by Keith Kyle

Redondo Beach September 2014 Home Prices

The real estate market continued to show strong numbers in Redondo Beach CA with 88 home sales and a median home price of $785,000. Housing inventory remained low and demand continued to be strong in Redondo.

City	Homes Sold	September 2014 Median	September 2013 Median	Year over Year % Change
Carson	38	$363,000	$360,000	0.83%
El Segundo	9	$526,250	$730,000	-27.91%
Gardena	34	$365,000	$352,500	3.55%
Harbor City	13	$465,000	$375,000	24.00%
Hawthorne	35	$495,000	$473,500	4.54%
Hermosa Beach	17	$1,020,000	$1,032,500	-1.21%
Lawndale		$400,000	$432,500	-7.51%
Lomita	8	$522,750	$430,000	21.57%
Long Beach	314	$420,000	$388,500	8.11%
Manhattan Beach	32	$1,950,000	$1,675,000	16.42%
Marina Del Rey	31	$797,000	$848,000	<-6.01%
Palos Verdes Estates	34	$1,575,000	$1,306,000	20.60%
Playa Del Rey	24	$534,050	$467,000	14.36%
Rancho Palos Verdes	51	$1,038,000	$1,053,000	-1.42%
Redondo Beach	88	$785,000	$750,000	4.67%
San Pedro	56	$448,250	$430,000	4.24%
Torrance	117	$530,000	$525,000	0.95%
Westchester	34	$869,000	$724,000	20.03%

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

November 3, 2014November 29, 2021

Price Reductions Making this Oceanfront Esplanade Home for Sale Intriguing

The home located at 709 Esplanade hasn’t been one of the easiest homes to sell, despite the fact that it sits oceanfront with unbelievable views from Palos Verdes to Malibu. It’s a home with some challenges and will require a buyer with some vision, and some money to do a fairly sizable remodel. It’s been listed by a number of realtors and has come down from the hyper inflated $10,000,000 that it started at in 2012. It’s a fairly palacial home by any South Bay standards with the sellers claim that it’s over 9000 feet. Unfortunately it’s a classic example of an owner with very specific tastes that doesn’t appeal to the masses. The owner clearly liked the color pink (or salmon we’re not sure) and tile. Just about every surface in the home is a pinkish tile and some of the features are a challenge for most luxury home buyers…..pink frog fountains, pinkish kitchen, etc. In general our opinion is that the home will need a total overhaul, but at it’s current price it is starting to be a very enticing option for the homeowner that wants it all. Contact us or call/text 310-251-2344 for more information.

in Beach Front Homes, Communities, Homes of Note, Ocean View Homes, Oceanfront Homes, South Redondo Beach, The Esplanade oceanfront homes Posted by Keith Kyle

Are Contingent Offers Starting to Be a Workable Strategy?

If oceanfront is what you’re looking for…..501 Paseo De La Playa

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

Where Have all the Ocean Front and Ocean View Condos Gone?

Redondo Beach September 2014 Home Prices

Price Reductions Making this Oceanfront Esplanade Home for Sale Intriguing

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