Currently there are 27 South Redondo Beach condos listed for sale - lowest condo is listed at $309,000, the higest - $1,450,000.  Both condos are listed in South Redondo Beach (lowest priced condo is a studio at The Village; highest priced condo is a 2 Bd/2Ba unit on Esplanade).  There are 4 short sales and no bank owned REO listings at this time.  Four out of those South Redondo Beach condos for sale are located at Brookside Village community. North Redondo Beach condo market is dominated by 55+ senior condos.  Currently there are 11 senior condos listed for sale on MLS in North Redondo Beach. FREE HOT-LIST of the Latest Redondo Beach & South Bay Homes & Condos For Sale Please contact Krystyna at 310-918-5027 with any questions! 01/25/2010

South Redondo Beach Home Sales in 2009 When people discuss South Redondo Beach, they are often referring to four sub-areas of the South Bay.  This post concentrates on two of these areas in particular.  The sections that straddle Torrance Blvd. differ in that the north side consists of many more townhomes than single family homes, while the opposite is true in the south side.  This numbers gathered center on single family home sales and the south side has twice the number of this type of home.  Despite this difference between the two areas, sales here have followed the same patterns over the course of this past decade.  Interestingly, the median sales price for both areas back in 2000 was about $475 K.  By the end of the decade, however, the south side homes had appreciated at a higher ... 01/23/2010

Redondo Beach El Nino Home Sales in 2009 Though the El Nino area of Redondo Beach is best known for being the home of the Galleria Mall, there are over 1,000 single family homes here.  The median sales price for one of these homes at the beginning of this past decade was under $300 K.  This past year it exceeded $620 K, which is within about 12 percent of the peak year of 2006.  As we have seen with virtually every other area of the South Bay, the number of homes sold in 2009 is approximately half of the peak year for sales back in 2002.  What is of interest here is that the number of homes sold continued its decline last year; however, the median sales price actually increased over the prior year.  Very few South Bay areas have experienced this combination of fewer sales at higher pric... 01/22/2010

Hollywood Riviera Home Sales in 2009 The Hollywood Riviera area straddles the cities of Redondo Beach and Torrance.  This writing will focus on the Redondo Beach portion.  This area has followed a pattern similar to many of the sub-areas of the South Bay.   Through the course of this past decade, the number of single family homes sold has dropped to levels about half of the peak several years ago and the median sales price has remains about 20 percent below the peak of, in this case, 2006. There were more homes sold last year over the previous year, but at prices about 13 percent below the 2008 level.  In fact, pricing appears to be at 2004 levels at this time.   The median sales price has now exceeded $1 M for six years running, but is off the high of $1.3 M.  Nonetheless, it is much h... 01/22/2010

Currently there are 27 South Redondo Beach condos listed for sale - lowest condo is listed at $309,000, the higest - $1,450,000.  Both condos are listed in South Redondo Beach (lowest priced condo is a studio at The Village; highest priced condo is a 2 Bd/2Ba unit on Esplanade).  There are 4 short sales and no bank owned REO listings at this time.  Four out of those South Redondo Beach condos are located at Brookside Village. North Redondo Beach condo market is dominated by 55+ senior condos.  Currently there are 11 senior condos listed for sale on MLS in North Redondo Beach. FREE HOT-LIST of the Latest Redondo Beach & South Bay Homes & Condos For Sale Please contact Krystyna at 310-918-5027 with any questions! 01/22/2010

Redondo Beach Golden Hills Home Sales in 2009 The Golden Hills area of Redondo Beach has fared particularly well with respect to home sales over the course of this past decade.  Single family homes were priced just under $400 K on average back in 2000.  Prices closed out the decade at $700 K, which represents one of the highest returns for single family homes by sub-area in the South Bay.  The peak year for median sales prices was back in 2006 and prices have dropped steadily here since as they have in most of Redondo Beach.  This past year, though prices were still off the peak by 12 percent, the Golden Hills area proved to be one of strongest performing areas over the past few years relative to previous highs.  Nonetheless, current prices remain commensurate with 2004 pricing.  The nu... 01/21/2010

Redondo Beach Villas Home Sales in 2009 The Redondo Beach Villas is divided into two areas, Villas North and Villas South.  Artesia Blvd. serves as the boundary between these two sub-areas.  They both have approximately 5,000 homes, but the Villas North area has a much higher percentage of single family homes and there are far more townhomes than single family homes in the two areas.  Interestingly, the median sales prices of townhomes in both areas were a little higher than those for single family homes back in 2000 and remained so this past year.  Stated in another way, it has been and continues to be more expensive to buy a townhome than a single family home in these areas.  As it turns out, the pricing for all homes in both areas has been about the same.  The purchase price for a ho... 01/18/2010

Realtor Magazine January 2010 issue has a great article I wanted to share entitled, "10 Big Impact, Low Cost Remodeling Projects."  I found it interesting as Laura and I specialize in getting our sellers' homes ready for sale and more often than not a lot of these projects + a list of our own is included here.  Nice to get some affirmation that our list matches up in most cases with this list.  Here it is: 1) Tidy up the Kitchen Cabinets - Potential buyers do open the kitchen cabinets.  Homeowners can add roll out organizer trays so that when buyers peek in, they feel like there's lots of room for their stuff.  (This holds true for your closets too - adding closet organizing systems are well worth the investment.) 2) Add or replace tile - By retiling very inexpensively, you make a room... 01/17/2010

The Redondo Beach average sales price in  December 2009 dropped by 2.3 percent compared to the same period a year ago, bringing the average price to $697,755. The number of sales went up by 40 percent! Redondo Beach SoldListings AverageSale Price AverageDOM December 2009 70  $697,755 83 December 2008 50  $714,310 88  All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.   First time home buyers rushed to take advantage of the homebuyer tax credit that was due to expire in Nomber. Homebuyer tax credit was however extended till April 2010.  It ... 01/17/2010

Redondo Beach Home Sales West of PCH in 2009 In recent posts, I summarized the single family homes sales of the sand sections of both Hermosa Beach and Manhattan Beach.  Both areas have done well rebounding from the beating that resulted from the credit market crunch of 2007, especially relative to the more than 30 other areas of the South Bay.  The comparable area in Redondo Beach, known simply as West of PCH, has done just as well.  This is particularly worthy of note when considering that only 11 percent of the homes in this area are single family homes.The median sales price for single family homes here is off by over 25 percent, but this is based on only eight sales in 2009.  A better view would be looking at townhome sales over the same period.  In 2009, the median sales price of ... 01/15/2010

  Who might buy your house?  Who is out there in great numbers becoming our workforce right now?  The Millenials - the people born between 1980 - 1995.  What are some of their characteristics so you know who you need to appeal to?  Millenials are a tech savvy bunch having grown up with computers, cell phone, text messaging and multi-tasking as an everyday function.  They were doted on by their parents, part of team sports, mommy & me groups, and laden with trophies from participating in sports where there were no winners or losers.  Their priorities are simple - they come first.  So how does one prepare to sell their home to a "Millenial, Generation Y'er?" First of all, you need to reach this group via tech savvy marketing materials - posts on blogs, Facebook, Tweet's on Twitter, and ot... 01/10/2010

Buying a Redondo Beach California home just got easier with a new Homebuyers Tax Credit bill, recently signed into law . The bill extends the tax credit for first-time homebuyers (FTHBs), as well as opens it up to current homeowners who are looking to buy. And even if you aren't looking to purchase a Redondo Beach or South Bay area home  - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I'll be happy to be of service to them. Here is a brief overview of the Homebuyers Tax Credit - and its benefits - based on the new bill.Tax Credit for First-Time Homebuyers First time home buyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The first time home... 01/05/2010

We're happy to let you in on a little secret . . . if you are a homeowner that has been denied a loan modification, is behind on payments and/or is afraid there is little to no value left in your home AND you have a home loan with Wachovia, World Savings or Golden West Loans, then you need to know about this special program! Wachovia has introduced a limited time FAST TRACK program for homeowners in need of help. The application process is simple and quick and if you qualify, you may be able to sell your home with ZERO costs! Yes, ZERO costs! That may include: NO Commissions                                                                       NO Repair costs NO Closing costs Past due payments Past due HOA fees Past due property taxes More homes are transitioning into delinquent status ... 01/04/2010

Well with the holidays winding down and the market getting ready to ramp up it's time to take a look at some South Bay real estate markets to see what is happening in the world of short sales, bank owned homes and other distressed properties. North Redondo Beachhas seen the bulk of the distressed sales in the South Bay and there are currently 9 active properties.  Of the 9 homes all are short sales except for the home at 506 Phelan, Redondo Beach which is a REO or bank owned home.  6 of the properties are single family homes and 3 are Although much has been made of both short sales and bank owned homes read our post on Short Sales and Bank Owned Homes and what the difference means to the home buyer.  While current traditional North Redondo Beach home listingsfar outweigh the number of d... 01/03/2010

It's 2010 - Happy New Year!  "Twenty-Ten" is bound to be a good year.  To get things started the Hollywood Riviera neighborhood has 18 properties currently for sale.  11 of those are single family residences, 2 condos and 4 townhouses.  $525,000 gets you a 2 bedroom/2 bathroom condo near the bluffs and the Palos Verdes border.   Bring $675,000 to the table and enjoy a 3 bedroom, 2 1/2 bathroom ocean view townhouse close to Torrance Beach!  Just under a million and you can "play ball" with the bank on a short sale for a nice 3 bedroom/2 bathroom single family residence.  On the high end - $3.5 million dollars - you can own a 22+ thousand-square-feet-piece of the Torrance Beach bluff and the house that goes with it.  Nothing in the way of those ocean views!   01/01/2010

As we approach yet another Year End in this "challenging" Redondo Beach real estate market, we look back and attempt to analyze the sales data and spot any possible sales and market trends and major developments.  Comparisons to previous year or years are often made and we are all trying to figure out if the market has turned and the signs of improvement are permanent.  We end the year low on inventory, higher in the number of sales, likely due to the homebuyer tax credit, lower prices and historically low interest rates. Traditionally as the New Year rolls around we see a small surge of listings become available.  We anticipate that surge the first week  in January 2010.  Buyers thinking about purchasing after the holidays should use this time to become pre-approved and prepare themsel... 12/28/2009

Some hefty conversations are taking place in Washington about what type of modifications to implement with the FHA loans.  There is speculation that there may need to be another Bailout.  This time they're talking about bailing out FHA.  There is deep concern they will need assistance from the Government because of the increase in the Mortgage Defaults and Foreclosures.  This Speculation has gained steamed, as some sources are indicating that FHA's Secondary Reserve has dropped to nearly the .5% level, as they are supposed to maintain 2% in their Reserves (these percentages are based on reserves of their outstanding mortgages).  As the LA Times recently indicated, these changes could potentially go into effect as soon as beginning of the year. So what kind of changes are we talking abou... 12/14/2009

As of today, 11/23/09, there are only 3 active foreclosure (REO) listings in Redondo Beach.  Not much to choose from!  In addition, there are 4 bank owned homes already under contract. In October, total of 7 bank owned homes sold at the average price of $586,129.  Average DOM (days on the market) was just 16 days.  Foreclosure listings are in high demand, they sell quickly after usually generating multiple offers, which results in sales over asking price. Average listing price was $575,114;  avg selling price - $586,129. Total of 3 bank owned homes sold in October '08, at average price of $691,333.  Average listing price was $703,167 a year ago.  Also, it took much longer to sell a foreclosure lisitng - avg DOM was 42 days. Lower prices, combined with newly extended and expanded Homebuy... 11/23/2009

Are you (as a Consumer) looking to buy a condo or townhome?  Are you (as a Buyer's Agent or Prospective Listing Agent) looking at Condos or Townhomes for your clients or prospective listings?  Here is some advice on some questions that you will need to ask while you're considering one of the aforementioned.  You will want to do your research more so today, than before because of all the continuous changes by the Lender-, Investor- and Mortgage Insurance Guidelines.  To gather your information, you will want to speak with the HOA Management Company (or possibly, the Treasurer of a Self-Managed HOA).  Here are some questions that I will suggest asking to determine how successful you may be at closing on a unit in the complex:   How many of the units are Owner-Occupied? Are there any Asses... 11/21/2009

  This December the 3rd the Holiday Stroll in the Riviera Village will take place again. Don't miss it. It is fun for the whole family. When: DEC. 3rd 2009 Where: Riviera Village (South Catalina Ave, Elena and Avenue I)   http://www.redondo.org/civica/filebank/blobdload.asp?BlobID=14649 11/18/2009