Real estate and homes for sale in the South Bay

Homes in the Beach Cities and South Bay

Redondo Beach Real Estate Market Update – Trends and Statistics

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Welcome to Redondo Beach real estate trends and market statistics for this wonderful coastal community in the South Bay.  We hope that the information below is helpful, whether you are considering buying a home in Redondo, or selling your property in North or South Redondo.

Click here to see detailed reports for:

Active Homes on the Market,  Pending Escrows, and Sold Redondo Beach Homes – Top

See also the current homes for sale in Redondo Beach

Average Price Per Square Foot- Top

Average Days on Market and List Price – Top

Average Sold Prices Compared with Average List Prices – Top

Median Home Prices (all types) – Top

Months of Inventory based on closed sales – Top

Golden Hills Realtors in Redondo Beach

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Whether you’re buying or selling a home in the Golden Hills of Redondo Beach, it’s critically important to work with the right people. Choosing the right realtor and lender can make a huge difference. Find a real estate agent that specializes in the area, but one that also understands the buying and selling process and can guide you every step of the way. There are many great realtors to choose from but we recommend you do your research.

See the current homes for sale in the Golden Hills of Redondo Beach

Every situation is different….for first time home buyers you may be best served with a real estate agent/broker that can patiently guide you through the process without too much pressure. For home sellers it’s critical to find a realtor that will help you prepare your home, give accurate pricing advice, and market your home to not only reach home buyers, but impress them. In general realtors in The Golden Hills Redondo Beach charge the same commission, so it makes sense to get the best realtor that will market and present your home in the most impressive and professional manner. Searching realtor reviews is a great place to start or taking a recommendation from friends and family. Once you’re gotten a few names, we recommend that you do some research to find out how many homes they’ve sold, and search some of their current and past listings to see if the homes look their best.

We would love to tell you more about the level of knowledge and professionalism that we offer. We have been top realtors in the neighborhood every year since 2007 by offering more than others at the same commission. We also have the backing and global reach of one of the premier real estate brokerages of Vista Sotheby’s International. Contact us for more information or learn more about us.

Manhattan Beach Market Update – Current Stats and Statistics

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Whether you are considering buying a home in Manhattan Beach, selling your home or just interested in keeping up with the market, information is critical.  We have helpful information and charts to show you what the market is doing and whether it’s a buyer’s market, seller’s market or somewhere in between the two.

View the current homes for sale in Manhattan Beach

See the information to see how many homes are on the market and selling compared with past months, how close sales prices are to list prices, the average days on market and more.  As of 11/21/19 – October 2019 is a neutral market

Home For Sale in October 2019: 101 units.

• Down 22.9% compared to last month
• Down 4.7% compared to last year

Home Closed in October 2019: 23 units.

• Up 4.5% compared to last month
• Down 32.4% compared to last year

Home Placed under Contract in October 2019: 51 units.

• Up 88.9% compared to last month
• Up 75.9% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

Current number of homes for sale as well as pending home sales and recent sales

 

About the For Sale vs. Sold Report

  • For Sale numbers are the snapshot of the number of property for sale at the end of the month.
  • Pended numbers represent the number of properties that went into the “pending” status for that month.
  • New Listing numbers represent the number of properties that are new listed for that month.
  • Sold numbers represent the number of properties that are sold for that month.

What Does For Sale vs. Sold Report Do?

  • It helps determine the trend of market supply and demand.
  • It helps determine whether the current market is a seller or buyer market.
  • It helps determine the minimum length of the listing period.
  • It helps identify which price range the majority of the properties are in, within a given area.
  • It helps focus on where the buyer’s activities are and the market condition in those areas.

How to Use For Sale vs. Sold Report?

  • Use with Average Price Per Sqft Report to set competitive listing price.
  • Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
  • A download trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
  • An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.

You Should Know

  • The properties sold figures are derived from recorded transactions.
  • Current monthly sold figures might be adjusted upward on the next month’s report. This is to account for any closed transactions that are reported late.

Average Price Per Square Foot in Manhattan Beach

(keep in mind that this is often not the best determinant of value due to proximity to the beach, age, views, etc.

Days on Market (columns) and % of list price homes sold at

Average Home Price For Sale V Sold

Months of Inventory

Congratulations to our Clients On the Sale of their El Segundo Luxury Home

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Congratulation to our wonderful clients.  We just recently closed escrow on this incredible home at 1510 East Oak.  They made our lives easy with a look and feel that was as if it were staged.   We’re happy to announce our latest home sale and so happy that our clients put their trust in us. There are not all that many $2M+ home sales in El Segundo but this was one that was well worth it. The owners did a fantastic job of keeping it in near perfect condition and selling it was a dream.  Congratulations!  View the current homes for sale in El Segundo.

1510 East Oak, El Segundo
      

1510 East Oak in El Segundo was a true luxury home and was listed and sold by Keith Kyle of Vista Sotheby’s

Pier Lighting and Holiday Festival in Downtown Manhattan Beach

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What a way to kick off the holidays.  Tonight is the big holiday kickoff for the South Bay with the Manhattan Beach pier lighting andHoliday fireworks in Manhattan Beach downtown open houses.  Come and see Santa, hear some great musicians and see the mayor flip the switch on the pier to light up the pier, trees and roundhouse aquarium.  Click here to view some of the scheduled events for the pier lighting holiday event.

From the city website:

Enjoy an evening of holiday music, shopping and dining all at one great location, Downtown Manhattan Beach.

The annual Pier Lighting and Holiday Open House is the official start of the holiday season in Manhattan Beach. It is also downtown Manhattan Beach’s local restaurants, retail stores and businesses way of saying thank you to their customers and community for their support and patronage throughout the year. Downtown merchants will be open until 9:00 PM and are sure to offer some distinctive gifts and intriguing offers this holiday season. The restaurants will be serving their original menus and some sampling to get your palette started for an evening of wonderful food. Bring your kids and remember your shopping list!

 

More information from the City of Manhattan Beach website:

 

The 30th Annual Pier Lighting and 25th Annual Holiday Open House
Wednesday, November 20, 2019
6:00 PM to 9:00 PM
Downtown Manhattan Beach and Manhattan Beach Pier

 

Holiday Lighting
In addition to the live entertainment listed below, the City of Manhattan Beach and the Downtown Business and Professional Association will be lighting the streets for the holidays with snowflake lights and lighted street banner.

Festival of Lights
Metlox Plaza will have art installation titled Peace on Earth.

Living Trees on the Pier
Living trees on the pier will be up for one (picture-op taking)week. Special thanks to Brett Zebrowski, owner of Palm Realty, for sponsoring the trees.

THINK LOCAL FIRST.

Schedule of Events (subject to change)

Pier Lighting Schedule (brought to you by the Manhattan Beach Parks and Recreation Department)

6:00 PM Manhattan Beach Middle School Choir
6:30 PM Mira Costa High School Choir
7:00 PM Mayor Nancy Hersman flips the switch that lights the Pier and the Living Trees

Holiday Open House Schedule (Brought to you by the Downtown Business and Professional Association)

Metlox Fountain Plaza (13th Street and Morningside Drive)
5:00 PM to
9:00 PM		 Santa, Sleigh, Family Pictures, Treats, Nicole Face Paints, Jack Tracy Ukulele, Los Angeles Kings Mascot Bailey, and the Soozi Show balloon artist
Metlox Plaza Entertainment
6:30 PM to
9:00 PM		 Strolling Dickens-style Carolers by Harmony Carolers and A Holiday Affair, Michael Holmes on guitar
Manhattan Avenue
6:00 PM to
9:00 PM		 Live Reindeer in front of {pages} a bookstore, Dietz Brothers Band at 10th street, Matt Jazz on saxophone at 12th Street, Hyperion Outfall Serenaders at Chase Bank (MBB), Larry’s Tacos at Manhattan Dental Solutions
Highland Avenue
6:00 PM to
9:00 PM		 Danger Dogs (bacon wrapped street-style hot dogs) at Manhattan Beach Watch Repair on 13th Street
6:00 PM to
7:30 PM		 Strolling Carolers
Manhattan Beach Boulevard
6:30 PM to
8:30 PM		 Strolling Carolers

Take a Video Tour of 3808 The Strand – Spectacular Beachfront Home in Manhattan Beach

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Welcome to the very finest in Southern California beachfront living.  Introducing 3808 The Strand in Manhattan Beach California.   This is true oceanfront luxury in one of the worlds iconic beach locations.  This stunning home offers almost 5,000 square feet, 4 bedrooms, 7 baths, with luxury features throughout.  See details, photos and specs on the 3808 The Strand or contact listing agent Keith Kyle with Vista Sotheby’s International Realty for additional information.

3808 The Strand, Manhattan Beach, CAfrom Keith Kyle

Keith Kyle Homes logo
 
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