Redondo Beach, CA Real Estate News

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
We are proud to announce our recent sale in Redondo Beach.  120 The Village #305 was the highest price sale for a 2 bedroom single level condo in the Seascape complexes of all time.120 The Village #305, Redondo Beach CA 90277Just Sold! -  $1,426,000 Live the vacation lifestyle.....While there are other condos along the coast in Redondo Beach, rarely to you get the combination of location, condition, layout, view and price.  The details all come together beautifully in this incredible oceanview condos  in Seascape 2 at the Village in South Redondo Beach. 120 The Village #305 is not like anything seen recently.....from the beautifully remodeled interiors, to the rare and open layout so different from most Seascape condos, to the breathtaking views.  This incredible home really has it all....
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Brookside Village Redondo Beach UpdateBrookside Village Redondo Beach is a planned community of 385 condominium units in 32 buildings spread over several acres of land in the popular and sought after zip condo 90277 - South Redondo Beach.  Brookside Village is located adjacent to the Alta Vista Park and is only a few blocks from the beach, Redondo Pier, Riviera Village and many fine South Redondo Beach restaurants and shopping.  This beautiful complex offers swimming pools and spas, tennis courts, a clubhouse, and a gym. All of this amidst park-like landscaping, complete with brooks and waterfalls.Contact us for more information and Free Tour of available condos for sale at Brookside Village. Call (310)918-5027 today!Thinking about selling your Brookside Village condo? Contact us for a ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Speechless Sunday: the other day Diane was cooking... as most of you who read my posts know, when Diane cooks that means we went out to dinner. Now with that said, I love a good desert and in this case I asked for a key lime pie. Well see for yourself it looked good. More importantly it tasted awesome.  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, ...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Beachlife Ranch Redondo Beach Music and lifestyle festival - September 22-24 If you’re looking for something fun to do this weekend the Beach Life Ranch Festival kicks of today, September 22nd. The weekend offers an abundance of artists that the promoter says fits the “cowboy surfer” vibe with a nice mix of country, folk, mainstream and more. The top billing performers are Jack Johnson on Friday, Cody Jinks on Saturday and Brad Paisley on Sunday.  There are 4 stages each day and someone is performing at pretty much all times so not a dull moment.  It’s a pretty cool way to see friends, listen to some good music and have an overall chill vibe.  Hope to see you there. Beyond the music there is plenty of food, lots of drinks and bar areas, booths and plenty to do.  It's a really fun way to...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Well, this Tuesday I took Diane to a great seafood restaurant in Redondo Beach. My front tire did not look good so on the way there I stopped and filled it with air.... long story short, good thing someone was there to help because we would have missed our lunch reservation. (www.Bluewatergrill) Then on top a friend of hers was already there to meet us:)I noticed that the Tire warning light was still on. So here comes Wednesday and well see for yourself. The Tire was not as bad as you can see, but by the time AAA arrived it was worse.Next thing you know I am good with air and on to the Tire Place. Yes you guessed it had a cut and needed a patch. Clearly, I had to reschedule my appointment in the office. All this in the day of a Realtor, seldom gets mentioned.  Wishing you a safe and hea...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Oh how I love living (and selling) at the beach.  This is one of my favorite spots in the South Bay.  Cote D' Azur condos in the Hollywood Riviera.
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Featured Community - Breakwater VillageBreakwater Village in Redondo Beach is the resort style 55+ active senior community. It is one of only two over 55 communities in Redondo Beach. Tucked away from Artesia Blvd, it ensures the serenity and privacy to its residents. This beautiful community offers more amenities than most in our area: pool, active community center with gym, movie theater, kitchen for special events, outdoor fireplace, private park. Breakwater Village is walking distance to the Redondo Beach Galleria with many shops and restaurants. South Bay beaches are only 3 miles away:)Breakwater Village consists of 191 units, ranging from 1 bd 1 bath, 2 bd 1 bath, 2 bd 2 bath, 2 bd plus den to 3 bd 2 bath. Those condos are very popular among active seniors and rarely become availa...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
It's been an impressive 30 days for home sales in the Brookside Village complex of South Redondo Beach.While the rest of the real estate market in Redondo Beach has been slow, that's far from true in Brookside Village. There have been 8 condos closing escrow in the past 30 days as of May 25th, 2 pending sales and one current condo for sale in Brookside Village. It's somewhat understandable as Brookside Village is the most affordable complex in South Redondo and with the higher interest rates, these lower priced homes (compared to the rest of Redondo Beach) are definitely going to have an appeal.Current Listings, Pending Sales and Sold Condos in Brookside Village Status Address List Price Bed/Bath Sq Feet List Date Active 641 S Prospect AVE #101 $699,000 2/1,1,0,0 975/A 4/1/2023 In escro...
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By Jonathan Schultz & Ashley Novak, Real estate team serving Los Angeles and South Bay
(Novak Schultz Real Estate Group)
Redondo BeachRedondo Beach, California is a laidback, lovely coastal city in beautiful Southern California located 5 miles south of LAX International Airport along the Pacific Ocean. Redondo Beach is the South Bay’s oldest and largest beach community with a population of 67K.  It is the most populous city along the California coast. Redondo Beach is bordered by Hermosa Beach to the north, Torrance to the east and Palos Verdes to the south and the Villas North section of North Redondo borders Manhattan Beach. The city's highly rated public schools and the sense of community are big draws to Redondo Beach.Redondo Beach CommunityRedondo has a great sense of community with movie nights, concerts at the pier, Farmer’s Markets, annual Kite Festival, Beach Life Festival, Holiday Boat Parade, t...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
See How the Median Prices Have Changed Over the Years in The Village Redondo BeachThe one bedroom Village oceanview condos in Redondo Beach are a great indicator of the South Redondo real estate market over time as the units are all the same size and configuration. The ocean views make a big difference as well as the floor it's on, but in general the units are pretty similar. Therefore the changes in values year over year make for a good indication as to what the market has done and where it's headed.  As you can see from the charts below prices held relatively steady and really jumped in 2021 and early 2022.Median one bedroom condo prices in The Village Redondo Beach: 2022 - $760,000 2021 - $692,500 2020 - $615,000 2019 - $623,000 2018 - $640,000 2017 - $615,000 2016 - $552,500 View th...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
The one bedroom one bath oceanview condos of The Village in south Redondo Beach serve as a great indicator of the overall Redondo real estate market  as, unlike most beach property, the units are all the exact same size and configuration.The difference in ocean views has a considerable impact as well as the floor it's on, but in general the units are all comparable.The changes in year over year make for a good indication as to what the market has done and where it's headed.  As you can see from the charts below prices held relatively steady for years, but increased considerably in 2021 and early 2022.Median 1 bedroom condo prices in The Village Redondo Beach: 2022 - $760,000 2021 - $692,500 2020 - $615,000 2019 - $623,000 2018 - $640,000 2017 - $615,000 2016 - $552,500 View the current ...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Redondo Beach 2nd Qtr Market ReportRedondo Beach real estate market remained strong in the second quarter. Although there were fewer home sales, prices went up by 22 percent on average.We did see some signs of the slowdown due to higher mortgage rates and the lower affordability. Price gains are projected to slow down in the next few months. See below for price and sales data: Redondo Beach 2nd Qtr '22 2nd Qtr '21 Difference No of Sales 79 121 -47% Median Sold Price $1,810,000 $1,395,000 +30% Average Sold Price $2,043,798 $1,676,586 +22% Days on market 12 15 - 3 days Single family homes only based on CRMLS dataContact Krystyna Ryan at (310)918-5027 for your home evaluation and local market report.  Click below for the comprehensive Redondo Beach real estate resources, including all curr...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  NAHB Housing Market Index dramatically dropped from 67 in June to 55 in July.  This index gauges the confidence level for Home Builders, which is extremely low in July, as this will most likely lead to a dramatic drop in Permits and New Home Sales, as Home Builders lose confidence.  However, Investors are happy with the Q2 Corporate Earnings, so Stocks are Up again today.  This week will mostly show Housing data and the most impactful will the ECB meeting on Thursday when they're expected to hike rates for the first time in 11 years.  MBS started the morning way down (down about 30+ bps), but have pulled back after testing the 25 DMA floor; and is now currently Down 9bps.  Mortgage Rates were worse, but if this improvement trend continues, then we may...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Retail Sales grew by 1.0% in June.  A report that we don't normally pay much attention is the Import Prices, which showed an increase of 0.2%.  I'm looking at it now because the Fed will be convening for their 2 day event in about 1.5 weeks and could show inflation data.  This was very tame, so it's good news.  To move on, we got more good news with manufacturing in the NY region, as the Empire State Index rose to 11.1 in July (after a few months contracting).  But Industrial Production (of course, this is for June; as the previous is more current, but just a micro view) contracted by 0.2% in June.  The Consumer Sentiment slightly improved in July, as it rose from 50.0 to 51.1.  These are the lowest positioning in about 40 years.  This seems to be a r...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Initial Jobless Claims continue to increase each week, as this week's report has 244k new filings for benefits.  However, the Continuing Claims did shrink from last week.  The Producer Price Index (PPI), which measures inflation on the Wholesale side, reported a 1.1% increase in June.  However, the Core PPI (excludes food & energy) rose only 0.4% and it's YoY dropped from 8.5% in May to 8.2% in June.  Both Markets are down today!  The concern that the Fed may increase it's rate hike from 75 bps to 100 bps increased to 75% chance and is having a negative reaction with the Markets.  There were a few Fed Members speaking today, but none of them dismissed the sentiment; and indicated that they will review data between now and then before making any final ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The CPI report came out a bit hotter for June than expected.  The CPI (headline number) went up 1.3% (higher than the 1.1% forecasts); and it's YoY jumped from 8.6% in May to 9.1% in June.  However, the Core CPI (excluding food & energy) rose 0.7%; but it's YoY dropped from 6.0% in May to 5.9% in June.  This was considered the BIG impactful report for this week, as it sent both Markets last month into a tailspin.  Stocks are still in Negative Territory; however, MBS and Treasuries have rebounded from it's initial reaction.  MBS was below it's 25 DMA and down 58bps, only to rebound to currently Up 2bps (and back above the 25 DMA).  This has led Lenders to reprice for the better; however, the better pricing brings us to Unchanged pricing from yesterday'...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The NFIB Small Business Index continued it descent to 89.5 for June.  This is lowest since the height of the Pandemic; and prior it was just after the Great Recession in 2013.  Inflation is the biggest concern for Small Businesses.  This index is important because Small Businesses make up the bulk of employment in the US; and if they don't have confidence, then there will be less jobs available.  The 10 year Treasury Auction was much weaker than expected, so the Bond Market quickly changed it's direction.  MBS was up around 20bps early on, but is now down to about 3bps.  It's currently sitting between it's 25 DMA and 50 DMA.  Mortgage Rates were better earlier on this morning, but many Lenders are repricing for the worse to Unchanged levels (from yest...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  There are no economic data to report for today, but the most impactful data to be reported this week will be the CPI report on Wednesday.  The last report didn't bode well for the Markets; but the PCE came in a bit tamer (and is the Fed's favorite gauge for inflation) the other week, so it will be interesting to see if the CPI report will come in a bit tamer too.  Renewed concerns over global supply issues and inflation arose today, as China announces more lockdowns for areas with a pickup in COVID cases, as they aim for 0 tolerance.  They make up approximately 25% of global manufacturing, so this will most likely hurt global supplies and push inflation a bit further.  Stocks are down today, as investment dollars flow over into Bonds/Treasuries.  This...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The waiting is over for this week's big report, Non-Farm Payrolls (from the Bureau of Labor Statistics, or also referred as BLS).  The Non-Farm Payrolls came in much hotter than expected to 372k in June, as forecasts were calling for 268k.  Unemployment Rate remained Unchanged at 3.6%.  Average Earnings rose 0.3% while Average Workweek Hours remained Unchanged at 34.5 hours.  Lastly, the Wholesale Inventories rose 1.8% in May.  Both Stocks and Bonds are reacting negatively to the released data today.  Stocks are down because it means the Fed will most likely continue down the path aggressively to fight inflation, which in cause will slow the economy (possibly recession).  For Bonds, it's 2 fold.  Generally, good data is bad for bonds, as it's typicall...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Initial Jobless Claims rose by 4k from last week's number to 235k.  Also, the Continued Claims picked up a bit; and the Challenger Layoff (announced upcoming layoffs) spiked by almost 12k from last report.  Tomorrow will be the Jobs data from the Bureau of Labor Statistics, which will carry a bit of weight this week.  Investors will be watching fairly closely tomorrow, as there is a lot of concern of a possible recession.  Today, they're feeling a bit more optimistic, as investment dollars move over to equities.  As a result, MBS is currently Down 11bps, but was down by approximately 19bps.  Pricing for Mortgage Rates will be a little worse compared to yesterday's.  The good news is that the 25 DMA seems to be holding as a floor for us, which can ...
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