An Abundance of New Listings in The TRW Tract of North Redondo Beach

By Keith KyleTRW-Redondo-House

Bucking the trend of just about everywhere else in the Beach Cities, the small pocket in North Redondo Beach known as the TRW Tract has seen an abundance of new listings come to the market in the past few weeks.  As of March 12th there are 4 active single family homes for sale and one home currently in escrow.  What makes the TRW area unique, especially for North Redondo, is that the zoning only allows for single family homes so there are no townhomes or condos giving it a very nice community feel.

Current TRW and Villas North Homes for Sale

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(all data current as of 1/18/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

South Redondo Beach Single Family Homes for Sale

South Redondo Beach offers a great beach feel and in most parts of the town the beach and ocean are just a short drive, bike ride, or even a short walk away.  South Redondo is far more affordable than nearby Palos Verdes and Manhattan Beach and offers everything from charming original beach bungalows to new construction oversized homes with all the bells and whistles anyone could possibly want.  Search for homes in the Hollywood Riviera, the Avenues, gem streets and more.  If searching for homes on your own is too time consuming, take advantage of our free home updates and we’ll send you daily updates with the latest listings.

Current single family homes for sale in South Redondo Beach

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Upcoming New Construction in Hermosa Beach

Recent news has shown that builder confidence is up and that new construction starts is at a multi-year high. That’s not anything new for Hermosa Beach. A quick drive through the Hermosa Beach sand section makes it clear that builders are most definitely building. According to South Bay realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers, “it’s hard not to notice the abundance of projects underway. In some areas there are 3 or 4 new homes being built on the same street. The market has always remained strong during the downturn, but the amount of builders buying older homes shows that confidence in the Hermosa Beach real estate market is very high.”  Much of the new construction is for owner users, but more and more spec projects are taking place as well. Below are some of the projects underway in Hermosa Beach. Prices on most are, as yet, undetermined but many do have some pricing information available. Beyond simply having a new home, the advantage to purchasing new construction when the project is underway is that buyers can often work with the builders in choosing finishes and truly make for a custom home.

2434 Hermosa Ave Single Family
2459 Myrtle Single Family
108 35th Street Single Family
2850 El Oeste Single Family
2418 Myrtle Single Family
504-512 25th Street 2 Single Family or 4 Townhomes
345 33rd Street Single Family
1400 Block Monterey 3 Townhomes
1100 Block Cypress 3 Townhomes
162 Monterey 2 Townhomes
100 Block of Manhattan
Ave
2 Townhomes
1500 Manhattan Ave 2 Townhomes
1515 Manhattan Ave 2 Townhomes
2052 Manhattan Ave Single Family
1160 Cypress 2 Townhomes
533 11th Street 3 Townhomes
1600 Golden 2 Townhomes
1200 Block 9th Street 2 Single Family Homes

Looking for a starter home in Redondo Beach?….this may take a while….

**Please note that this post is from 2013 and the market and home prices have changed dramatically since then**

I have a number of buyers looking in Redondo Beach for a single family home under $750,000. Normally that’s not too difficult to find and it’s more a question of specific location, or style, etc. The problem now is that single family homes in this price range, which would be considered “starter homes” in Redondo, can be difficult, if not impossible, to find. It hasn’t been easy lately to explain to buyers (many of whom start the search in Hermosa Beach but find themselves priced out) that there just are no homes to buy. The chart below paints a pretty bleak inventory picture with almost nothing to buy, and the few that are priced below $750,000 are not at all what they are looking for.

The chart below shows all single family homes for sale, pending and sold in the $750,000 and under price range in Redondo Beach.  The teal line represents the active homes for sale in Redondo Beach and it’s pretty clear that there are few, if any, real opportunities.  According to Redondo Beach realtor Keith Kyle, “until sellers decide that this is an optimal time to list their homes for sale, this trend of low inventory and high demand will continue.”

El Camino Village Real Estate…Hot But Not

The area of Gardena and Lawndale known as El Camino Village has long been a fantastic option for buyers, especially first time home buyers, feeling priced out of many of the family friendly neighborhoods of Redondo Beach and Torrance. The good news is that although prices are going up, they’re still well below other similar areas….the bad news is that there just are no homes available. At the moment there is one home available with 12 pending home sales.  On first look that is an absolutely stunning ratio but it is a bit misleading.  Of the 12 homes 11 are short sales and the other is a flip meaning some of these homes have shown pending status for a very long time.  What looks to be an ultra hot market isn’t quite as active as it appears with an average days on market of 144.  Bottom line in this great area is that it is a great opportunity with the short sale opportunities, but with almost no active inventory and future home for sale likely won’t last long.  See below for the current El Camino Village homes for sale.

MLS# Status Address City Price Br/Ba Yr Blt Sq ft
SB12131049 Active 15234 Cerise AV GR $ 369,000 3/1,0,0,0 1947/ASR 1206 STD
Y1203732 Pending 3242 154 ST GR $ 339,500 2/1,0,0,0 1943/SEE 1282 SPAY
S12112360 Pending 15612 Florwood AV LAWN $345,000 3/1,0,0,0 1952/ASR 1024 SPAY
P701480 Pending 15532 FAYSMITH AV GR $ 349,000 3/1,0,0,0 1947/ASR 1001 SPAY
SW12126917 Pending 15516 Florwood AV LAWN $425,000 3/2,0,0,0 1952/ASR 1500 SPAY
R1204800 Pending 15609 FALDA AV GR $438,900 3/1,0,1,0 1951/ASR 1446
Y1202217 Pending 15607 CERISE AV GR $345,000 3/1,0,0,0 1947/ASR 1078 SPAY
S12095612 Pending 15527 Lemoli AV GR $299,000 3/1,0,0,0 1946/ASR 1026 SPAY
S694642 Pending 3728 MARINE AV LAWN $300,000 3/1,0,0,0 1951/ASR 1106 SPAY
V11033751 Pending 3163 152nd PL GR $310,000 2/1,0,0,0 1943/ASR 975 SPAY
S12099784 Pending 15533 Patronella AV GR $330,000 4/2,0,0,0 1947/APP 1224 NOD, SPAY
R1104644 Pending 3619 152ND ST LAWN $395,000 4/2,0,0,0 1953/ASR 1435 SPAY
P805852 Pending 3222 152ND PL GR $325,000 3/2,0,0,0 1944/ASR 1462 SPAY
12010128 Pending 3238 152ND PL W GR $ 225,000 2/1,0,0,0 1943/ASR 846 SPAY

Below chart shows the recent statistics for the pending sales in El Camino Village. Keep in mind that these are not closed sales and prices only reflect “list” price and not the actual sales price.

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