Get a quick overview of the real estate market in Redondo Beach for the month of March. It was a huge month both in terms of the number of homes that sold as well as the prices. There were 100 closed home sales in Redondo with another 115 going into escrow meaning that April sales should be even higher. The median home price for the homes that sold was an impressive $1,330,000.
Latest Condo Sale in The Village in Redondo Beach Breaks the Record
We sell quite a bit in The Village in Redondo Beach and think that between the location, low HOAs and the amenities that it’s a great value.
We’re happy to report that the latest condo sale of 630 The Village #312 was the record sales price for any one bedroom condo that we’re aware of in The Village. The $700,000 purchase price was the first time a unit had sold in the $700s. All of the one bedroom condos in The Village are the same size and layout so it really comes down to location (higher floors and further west are always more valuable) and whether the home is extensively remodeled. This one had it all. The condo was on the top floor and was one of the furthest west in the buildings so it offered some of the best views available. It was nicely remodeled and in nice shape but not as extensively remodeled as some other units so this is definitely an indication of where the prices may be headed. It was listed for $650,000 (which was definitely low for top floor) but $700,000 was an impressive record The previous high sale was $675,000 for a first floor unit (which is amazing) but it was the furthest south building in The Village so this was a very rare first floor view.
Listing courtesy of Tamara Farrar-Leon – Gary Johnson Realty
Home Of the Week – Oceanfront Estate on Paseo De La Playa in the Hollywood Riviera
If you’ve followed us over the years you’ll know that one of our favorite locations in all of the South Bay is the oceanfront strip of homes on the Hollywood Riviera’s Paseo De La Playa. The houses are generally all about the views, but for those rarified buyers looking for something beyond and unlike anything else in the
South Bay, the incredible estate at 417 Paseo De La Playa is worth your attention.
417 & 421 Paseo De La Playa is an incredible home (actually 2 distinct homes) listed at a price that we just don’t often see in the South Bay.
Actually the prior sale of this property by Vista Sotheby’s International back in February of 2018 at $22,650,000 set a record at the time for a single family home in the South Bay.
It’s back for sale once again with an asking price of $22,995,000. Originally hitting the market in December, it’s already seen a major price reduction from the original $26,995,000.
With multiple properties each fronting the ocean, huge outdoor areas, oceanfront pool and spa this is unique to say the least. Consisting of two distinct homes, combined they offer approximately 15,728 square feet on a massive 1.4 acre oceanfront lot that extends to the sand and offers direct beach access down a trail. The main home features 5 bedrooms and 8 bathrooms, with the “guest” house offering 5 bedrooms and 7 baths.
Beyond the view, the outdoor amenities include an incredible pool and spa overlooking the Pacific, fire area and even a private beach
volleyball court.
Views are stunning and unlike the beachfront homes of the Strand in Manhattan Beach and Hermosa Beach the coastline views of the evening and night are equal to the incredible daytime views.
Contact us for more information on this oceanfront home
As rare as these oceanfront home sales are, this is definitely not the only oceanfront home. Check out all of the oceanfront homes currently for sale on Paseo De La Playa in theH Hollywood Riviera.
421 & 417 Paseo De La Playa – Priced at $22,995,000
Listing courtesy of Joshua Altman – Douglas Elliman
How Do North and South Redondo Home Prices Compare?
We’re often asked about the difference in home prices between North Redondo and South Redondo and here’s a good chart to get a clear understanding of the difference. This is only for the month of January for the past 3 years but it paints a pretty clear picture. The blue bar shows median sales price of homes in 90277 or South Redondo Beach and the red bar shows median home prices in 90278 or North Redondo Beach.
- Search the current homes for sale in South Redondo Beach
- Search the current homes for sale in North Redondo Beach
Oceanfront Options in Redondo Beach
While it’s tough to say that these oceanfront homes offer something for everyone as they’re certainly not “starter home” prices, there is definitely quite a range. See below for a list of the current oceanfront (or close) condos and houses in the 90277 areas of South Redondo Beach. View all of the homes for sale in South Redondo
Current Oceanfront Homes in South Redondo Beach
Real Estate Review – Redondo Beach 2020 Home Sales – By the Numbers
What a year it was for the Redondo Beach real estate market. There were 829 on MLS home and property sales compared with 861 in 2019. The median sales price was a very impressive $1,250,000. The homes only averaged 29 days on market before selling and the average price per foot was up quite a bit from 2019 to $651 a foot in 2020.
Search the current Redondo Beach homes for sale
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