July 2014 Median Home Prices for Redondo and the South Bay

By Keith Kyle

July 2014 saw some big numbers in terms of both number of homes sold as well as median prices.  Redondo Beach had 97 sold homes at a median price of just under $1,000,000 which is a pretty significant number for this coastal community.  Most other South Bay cities also saw some significant year over year increases in prices with the exceptions being Torrance, Marina Del Rey and Playa Del Rey.  To see the actual homes sales in each city visit our recent home sales price and information site.

City Homes Sold July 2014 Median July 2013 Median Year over Year % Change
Carson 48 $382,500 $350,000 9.29%
El Segundo 15 $872,000 $797,000 9.41%
Gardena 50 $385,000 $332,500 15.79%
HarborCity 13 $480,000 $465,000 3.23%
Hawthorne 51 $505,000 $400,000 26.25%
Hermosa Beach 26 $1,230,000 $1,097,500 12.07%
Lawndale 8 $412,000 $331,250 24.38%
Lomita 13 $555,000 $452,000 22.79%
Long Beach 330 $400,000 $365,000 9.59%
Manhattan Beach 43 $1,795,000 $1,521,250 18.00%
Marina Del Rey 33 $757,500 $862,500 -12.17%
Palos Verdes Estates 51 $1,600,000 $1,291,000 23.93%
Playa Del Rey 23 $507,000 $512,000 -0.98%
RanchoPalos Verdes 54 $1,069,000 $1,100,000 -2.82%
Redondo Beach 97 $865,000 $758,000 14.12%
San Pedro 49 $440,000 $420,500 4.64%
Torrance 142 $540,000 $576,250 -6.29%
Westchester 48 $777,500 $715,000 8.74%
pool area of Brookside Village

This Weeks Least Expensive Home in Redondo – Condo in Brookside Village

Brookside Village condo in Redondo Beach

 As is often the case, the least expensive home in Redondo Beach** (not including 55 and older buildings) is a condo in Brookside Village in South Redondo Beach.  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.   All of the addresses are on either Prospect or Camino Real.

Currently the least expensive home is located at 605 Prospect #106.  It is a lower level 1 bedroom/1 bath with just about 670 square feet.  **Please note that this post was written in 2014) 

Search the current condos for sale in Brookside Village Redondo Beach

Brookside Village Redondo Beach
Redondo Beach map

What’s the difference between North and South Redondo Beach?

By Keith Kyle

Redondo Beach is a wonderful city in the South Bay offering housing options forRedondo Beach map just about every buyer.  The city is a rather odd shape and is squeezed in between Manhattan Beach, Hermosa Beach, Lawndale, Hawthorne and Torrance.   Unlike some of it’s neighbors the zoning in Redondo Beach has allowed for far more styles and types of homes ranging from large condo complexes, retirement communities, 2 on a lot and 3 on a lot townhomes, and single family homes.

From a real estate standpoint the city of Redondo Beach is broken into two distinct areas…..North Redondo and South Redondo.  Each has a very different feel and a fairly different price range. The general dividing line is generally at 190th Street.

So what’s the difference?

The primary difference is the location and the “feel” the areas have due to that location.

North Redondo is landlocked between Manhattan Beach, Hermosa Beach, Hawthorne, Lawndale and Torrance.  The area , with the zip code of 90278, has some great housing options that are generally priced lower than South Redondo beach but none of the neighborhoods have much of a coastal feel and none of the areas offer any type of ocean views.  One of the most prevalent types of homes in North Redondo are townhomes but may not be what many think of when they think of endless rows of identical homes.  The main types of townhomes in Redondo are known as 2 on a lot and 3 on a lot townhomes.  The entire “complex” consists of 2 or 3 units and many, especially when detached, feel like single family homes. Some of the more notable neighborhoods are the Golden Hills which lies just east of Hermosa and offers primarily single family homes with square footage around 1800 feet. The other area consisting of primarily single family homes in on the eastern border and known as the TRW tract.  Throughout North Redondo there is a mix of types and styles and prices generally range from the low $500Ks to over $1,000,000.   Visit the North Redondo listings page to see the current homes for sale in this part of Redondo Beach.

South Redondo sits on some pristine coastline and has a much “beachier” feel.  Due to zoning this part of town has some very large condo complexes, especially along the water.  South Redondo with the zip code of 90277, offers numerous two on a lot townhomes (3 on a lot townhomes are more rare in this part of town), condo complexes and single family homes.  Some of the more well known buildings are the Seascape condos near King Harbor, the various oceanfront buildings of the Esplanade, The Village, and Brookside Village.  Prices range dramatically due to the factors of proximity to the beach and the ocean views but is consistently higher priced than North Redondo.  In addition to the beach, this part of town offers an abundance of activities and sites from King Harbor and the Redondo Pier, to Riviera Village, Seaside Lagoon, Wilderness Park and more.  The schools are great in both areas.

As mentioned, prices range higher than in the North Redondo area.  To see the current homes for sale in South Redondo visit our South Redondo real estate information page.

 

 

Homes for Sale in South Redondo Beach

Search the current homes for sale in South Redondo Beach CA 90277

Located along some of Southern California’s finest beaches, South Redondo Beach has something to offer everyone. Redondo is generally comprised of two main areas known as South and North Redondo. Each area has a very different feel with South Redondo having more of a beach atmosphere due to it’s location and the fact that it’s bordered on the west by the Pacific Ocean. Bordered by the Palos Verdes Peninsula to the south, North Redondo to the north, and Torrance to the east, South Redondo Beach offers great schools, proximity to the beach, and an abundance of activities.

Current South Redondo Home Listings

current homes for sale in S Redondo

 

Some highlights include ocean activities and dining at King Harbor, great shopping in the Riviera Village, the Redondo Beach pier, and nature walks at Wilderness Park.

Redondo Beach Neighborhoods Redondo Beach Links
 

Find Redondo Beach school district information, including elementary, middle and high school test scores, student faculty ratios and other statistics. We also have information on selling your home in Redondo Beach, home buying, mortgages and financing, and other realty services for anyone looking to sell a home or buy a home in Redondo Beach, CA.

Free Targeted Redondo Beach Home Search

Know about new homes first with Daily Email Listing Updates!

We are experts in the South Bay and can help you with your search for homes. Our targeted home search will automatically notify you whenever a new home comes onto the market that meets your search criteria. We are continually viewing houses and keeping current on the market, and can email you when a new listing becomes available that you might be interested in. Simply fill out the form below with as much detail as possible and we will contact you with the current homes for sale in the price range and cities you are interested in.
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Redondo Beach Pocket Listings

How to find off market and pocket listings in Redondo Beach

By Keith KyleRedondo BeachPocket Listings

There’s no doubt that the current market conditions greatly favor sellers in Redondo Beach.  Demand has remained strong with low interest rates and low inventory and every “deal”  seems to be a competition between every buyer interested in the area.  Tear downs get bought by builders, fixers get scooped up by flippers and investors, demand for mid range properties and townhomes continues to drive prices up, and the influx of money on the high end means luxury properties often disappear in a hurry as well.

Want to keep updated on off market and pocket listings in Redondo Beach? 

Pocket listings and off market homes are all the rage in this market and can sometimes mean less competition and allowing buyers a “chance” to find something and pay a reasonable price.  With social media, networking groups and an abundance of realtors chasing every possibility these off market homes are less of a secret than they used to be, but still offer the most likely way of a buyer having a chance of finding a home and avoiding a bidding war.

Pocket and off market listings can mean a lot of different situations.  Sometimes a realtor has a listing agreement that doesn’t start for a while, sometimes they home is getting “prepped” and isn’t quite ready for the market, sometimes a realtor talked with a homeowner and they don’t want it on the market but may consider selling for the price.  The reasons are endless but these are all sellers that would consider selling their home.

So how does a buyer find out about these types of homes?

As these homes are not on the market, that means they’re not on the MLS which means they don’t generally show up on the Zillows, Trulias, Redfins and the searches that realtors send their clients.  These homes are more likely found by realtors very tied into the local market.  Whether through direct contact with potential sellers, networking groups, inter office communications or other sources, they are certainly harder to find.

The best bet is to look for a local real estate specialist that sells quite a bit in the area you’re looking.  Realtors that have experience in the area and have been successful, generally have made connections with sellers and realtors that could ultimately be very beneficial to you.  If you already have a relationship with a realtor that does all of that than let them know you’re searching for off market, as well as on market, homes.  If you don’t have that relationship we would be happy to help and search resources most realtors don’t have access to.  Contact us or fill in the form below to get started.

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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.