Redondo Beach, CA Real Estate News

By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
In this report, for each area of Redondo Beach, I have collected the number of active listings, the number of homes in escrow, the number of homes sold, and then the minimum, median, and maximum price for active and sold properties. A few points of interest that I noted while reviewing this data: Sales in the North Redondo Beach areas of Villas North and South (151 & 152) have been especially brisk in the past month (or so).  In fact, in area 151, there is about 50% more homes in escrow than the average number of monthly closed transactions in that area. There are 93 active properties in N Redondo, and 151 active listings in S. Redondo.  However N. Redondo sales in the last 6 months are at 190, and S. Redondo is at 122.  North Redondo activity is very obviously more brisk than S. Redond...
Comments 0
Cecily Lee is holding a Brokers Open Thursday January, 22nd 12:00 - 2:00. 205 S. Francisca Avenue Unit 6 Redondo Beach, CA 90277. ***CASH DRAWING*** So come on over. Offered At: $585,000 !! Check out the listing at Cecilylee.com Here are some details of this great townhome in South Redondo Beach: Wonderful South Redondo Beach Location, walking distance to the Beach, Pier, Harbor and Restaurants. Enjoy all the activities that this vibrant resort area has to offer!   . EXCELLENT SOUTH REDONDO LOCATION . 3 BEDROOM 2 1/2 BATH . ALMOST 1700 SQ FEET . NICE OPEN FLOOR PLAN . PRIVATE REAR YARD
Comments 1
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Comments 0
By Kelly and Laura, Sisters SOLD on the South Bay
(Re/Max Estate Properties Palos Verdes)
What a great place to live - the Hollywood Riviera!  Just south of Redondo Beach and just north of Palos Verdes Estates - we are sandwiched in between two gorgeous areas.  The beaches here are magnificent (and much quieter than those in Hermosa Beach or Manhattan Beach) and must easier to get to than the cliffs of Palos Verdes Estates.  Currently there are 30 properties for sale here in the Hollywood Riviera.  4 Condos ranging in price from $529,000 to $599,000.  All very close to the beach.  3 Townhouses ranging in price from $630,000 ( a great buy.  It's a short sale in the Palos Verdes Village Townhome Complex.  The unit itself has 2 bedrooms - each like a master w/ its own bathroom and one w/ a great view of the ocean and harbor.)  Plus the unit has a "bonus room" w/ laundry, an att...
Comments 0
By Mary Thomas BH,MB,HB, PV, Estates LA+, Mary C. Thomas Your Agent around the Globe
( Remax Estates Properties)
Melaleuca? What...Melaleuca is a pine tree from Australia that has natural micro biotic and antibacterial properties in it.  You may be familar with it under it's other name- Tea Tree oil. This is the basic ingredient in Melaleuca Products. I kept hearing about this growing "green" manufacturer of natural products from vitamins to cleaning products and more. The best thing I have experienced with these products is the non toxic, no fumes, easy cleaning products. Cleans better than the store products and no stinging eyes, burning lungs and finally I have some relief. I have fibromyalgia and we are very sensitive to fumes, fragrances etc...I now do not avoid my bathroom cleaning.  I have some friends and clients that are joining the Melalucca business lately, so I thought I would pass thi...
Comments 0
By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
The South Bay has a thriving surfer community, with many popular surf spots stretching from El Segundo all the way down to Palos Verdes.  On weekends you will find hundreds (yes, hundreds) of surfers enjoying the waves - especially when the waves are epic! As a surfer myself, I have tried several different spots in the South Bay, as well as Orange county and other parts of Los Angeles county.  But two of my favorites are located just a few miles from where I live and work:  El Porto and Rat Beach. El Porto is located at the northern-most end of Manhattan Beach at 45th Street.  In the winter, you'll find the best, most dedicated surfers at El Porto as the waves are much larger and more advanced.  With much milder surf in the summer time, you'll find a more diverse crowd of surfers.  Stil...
Comments 0
By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
Redondo Beach Real Estate Market Update    The Redondo Beach average sales price in the 4th QTR 2008 decreased by 13.65 percent compared to the 4th QTR 2007, bringing the average price to $775,804. The number of sales increased by 7.5 percent.  Average DOM increased by 74%.   *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Redondo Beach SoldListings AverageSales Price AverageDOM 4th QTR 2008 172  $775,804                          82 4th QTR 2007  160  $898,395 47  *All stats are compiled from the Multi Regional  Multiple Listing Service. Information is deemed reliable but not guaranteed.  Sales in Redondo Beach reflect a stabilization of the South Bay real estate market as home buyers respond to increased aff...
Comments 0
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
There are currently 12 condos for sale in the 385 planned development of Brookside Village. Four 1 bedrooms, Four 2 bedrooms and four 3 bedrooms. The highest priced condo is listed for $518,000. The average market time is roughly 91 days. 802 Camino Real #106 605 S Prospect #205 800 Camino Real #202 902 Camino Real # 103 900 Camino real #101 607 S Prospect #304 647 S Prospect #103 900 camino real #103 810 Camino Real #204 605 S Prospect #307 649 S Prospect #101 643 S Prospect #101 For more details please contact Rachel.   Rachelmtyndall@gmail.com (310)802-2334  
Comments 0
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Hello, Today is January 8th, 2009. There are currently 12 homes for sale in the Brookside Village Complex in South Redondo off Camino Real and Prospect. The lowest priced condo for sale is a one bedroom with 669 square feet listed for $329,000. The highest priced condo is listed for $530,000 and is a three bedroom condo that is totally remodeled with 1,290 square feet. The average price for square foot is $438.31. The average market time for the current listings is 86 days. 11 condos sold last year with a avergae price per square foot of $446.00 The average market time for the sold condos was 91 days on the market. The lowest priced condo to sell was $330,000 and the highest was $530,000. There is one condo in escrow that was listed for $410,000 and was on the market for 41 days. For mo...
Comments 0
Wow! This is a fine example of a tiki themed dingbat apartment. Located at 389 Palos Verdes Blvd. in Redondo Beach, the Tiki Apartments were built in 1959. The building has been maintained well after almost 50 years. Lush jungle landscaping, giant tiki figures, and beautiful mosaic tiles make this building the finest I have ever seen. The Tiki has 45 total units. I'm not quite sure of the breakdown, but I'm guessing there are 30 1 bed/1 bath units, 10 2 bed/1 bath units, and 5 3 bed/2 bath units. Given the high rental rates in this neighborhood, I'm guessing this building throws off at least $70,000 monthly gross income. The current owners purchased the Tiki in 1991 for $650,000, it was a great investment! O-rig-i-nal!!! The photo above is a detail of the gas torches that flank the poo...
Comments 6
By Keith Kyle
(South Bay Brokers)
The city of Redondo Beach has gone green....green Christmas that is.  The city is promoting their Christmas tree recycling program.  Information from the City of Redondo is below: Redondo Beach Holiday Tree Recycling Remember to Recycle your holiday tree!  By recycling your holiday tree, you can help our environment and keep this valuable resource out of the landfills.  Flocked trees and trees coated with fire retardant will be accepted.   Single-Family Units with curbside trash collection - Holiday trees will be picked up on your normal trash day (place at curbside). Friday, December 26, 2008 through Friday, January 16, 2009 Trees should be free of decorations, tinsel, metal containers, stands and lights. Multi-Family Units (proof of residency required) and Businesses with centralized ...
Comments 1
By Kelly and Laura, Sisters SOLD on the South Bay
(Re/Max Estate Properties Palos Verdes)
          We saw a nice improvement in the number of homes sold here in the Hollywood Riviera (27% more) in this last, 4th quarter of the year vs. the same quarter of 2007!  Lower interest rates may have gotten many media-scared buyers to finally realize what a great buying opportunity it really is!  Although for the year overall we saw 30% fewer homes sold (91 in 2007 and 64 in 2008), our average selling price was only down about 6% (attributed to more lower end sales and fewer higher end sales).  The average days on market nearly doubled (66 days this year vs. 39 last year).  The biggest part of the slow-down for number of homes sold occurred in the $1.2 million + price range.  There were 30 homes sold in this range in 2007 and only 21 homes sold in the higher end of the market this y...
Comments 0
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Let me show you around: Rachelmtyndall@gmail.com   http://www.redondobeachresort.org    
Comments 0
This Sunday, the 14th of December, we'll be holding an open house from 1-4pm at 2408 Curtis Ave. #B in Redondo Beach. This beautiful fully detached townhouse is in turnkey condition and is one of only 7 attached/detached 2-on-a-lots currently for sale in all of North Redondo Beach that is priced under $700,000 so it won't be available for much longer. If you can' t make the open house call Hady at 310-404--5361 to schedule a private showing or go to 2408 Curtis Ave. #B, Redondo Beach, CA to schedule by email. Click to search the complete Redondo Beach MLS Real Estate Listings.
Comments 0
By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
For Sale Vs. Sold Last month, numbers were indicating that we would see continued high sales in November, the likes of which we had been seeing for the prior few months.  We see now that November sales were only half of what we anticipated. So, is this all bad news?  Not really.  Though sales were lower than expected, November is seasonally slow so that has to account for at least part of the slowdown.  Also, inventory has continued to decrease, which indicates continued growth of market stability in North Redondo Beach.  Fewer and fewer properties are getting listed.  Homeowners who don't have to sell, aren't.  A personal observation is that North Redondo Beach seems to be a favorite for first time homebuyers.  Many first time homebuyers are looking to make North Redondo Beach the loca...
Comments 0
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
Don't miss Redondo Beach's Holiday Boat Parade this year. What: Redondo beach King's Harbor's 17th annual boat parade When: This Saturday, Dec. 13th, starting at 5:30 p.m. Free viewing is available all around the harbor inner sea wall.   Rachelmtyndall@gmail.com www.rtyndall.com  
Comments 0
Ah to live in the South Bay.....Ice Skating at Seaside Lagoon, Holiday Walks in Manhattan Beach and Riviera Village, and activities for everyone.  If you're looking for something a bit different than visit King Harbor for the 17th annual Christmas Boat Parade.  The parade of lights starts at 5:30 on Saturday December 13th and it's a great way to enjoy the holiday spirit in true South Bay style.  Visit the King Harbor Yacht Club for more information. Click to see the Redondo Beach Boat Parade Route Keith Kyle - Realtor, e-Pro - South Bay Brokers- 2501 N Sepulveda Blvd Manhattan Beach, CA 90266 - 310-251-2344 - Keith.Kyle@SouthBayBrokers.com   For real estate information, open houses, and FREE MLS access visit www.KeithKyleHomes.com
Comments 0
By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Redondo Beach average sales price decreased 14 percent compared to November 2007, bringing the average price to $798,438. The number of sales decreased 10 percent.    Redondo Beach   SoldListings AverageSales Price AverageDOM Nov 2008   46  $798,438 46 Nov 2007    51  $913,941 51   Sales in Redondo Beach reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.   If you want to learn more about South Bay real estate, please contact us at                310-918-5027        . To begin searching for South Bay and Los Angeles County homes, please use our Los Angeles County MLS search  .     All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.
Comments 0
By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
For Sale Vs. Sold Compared with North Redondo Beach, South Redondo Beach sales have paled in comparison.  However, October saw some relief, tying with April and June this year for the highest number of sales - typically unheard of in the fall months.  But with only 3 pending sales, expectations are low for November sales. Days on Market - Sold Vs List Price (as a Percentage) In last month's report, I mentioned that I felt that South Redondo Beach sellers were asking too much for their homes.  The graph above demonstrates the accuracy of that statement, as most homes in October that sold, did so at around 8% below the listing price!  In most other areas, we see sale prices around 3-4% below the listing price. Average Price - Sale Vs. Sold I don't even know where to begin with this data. ...
Comments 0
By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
For Sale Vs. Sold You know all the media focus on how badly the real estate market is doing?  Well the graph above is a reason why you have to take everything that they say with a grain of salt.  North Redondo - and other South Bay areas - have been faring not too badly, when it comes to several key measures. A steady continuation of the inventory reduction is occurring, along with a continuation of swift sales into the fall.  Typically, we see a seasonal reduction in the number of sales starting around September.  But that has not been the case.  Even more promising is that the number of pending sales in October is still rather high, at 13.  That means that we can logically anticipate that November will have at least 13 sales. A personal observation is that Redondo Beach seems to be a ...
Comments 0