Redondo Beach, CA

Redondo Beach Home and Property Prices and Sales

The Redondo Beach average home price in January 2010 dropped by 2 percent compared to the same period a year ago, bringing the average price to $697,755. The number of sales went up by 29 percent! Average DOM - days on the market was 79 days.

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 November '09. Homebuyer tax credit was however extended till April 2010. It was also expanded to include first time homebuyers as well as current homeowners who want to purchase a property. If you'd lke more information on this very attractive homeubyer tax credit, please call me at (310)918-5027 or send me an email at kmbaty@aol.com. I'll be glad to help!

Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639. Average price went up again in August '09 to $744,190 and in September to $779,487, dropped in Nove to $731,834, dropped again in December - $697,755; price went up in January 2010 to $736,906.

If you're thinking about selling your Redondo Beach home, or just wondering what your home is worth in this market, please contact me at (310) 918-5027 or visit www.SouthBayHouseValues.com for a confidential, free internet market report.

SEARCH REDONDO BEACH HOMES BY AREA, PRICE OR PROPERTY TYPE

We sure got our share of rain here last week - now it is our "wet season," but we don't usually get this much rain. No one I know can remember getting rain for an entire week and not just some drizzle, but downpours for hours at a time. The flooding of streets, the littering of debris on the beaches and even worse for the poor "burn areas" up in the La Canada/Flintridge areas. Well, it finally ended and here are some of the local Hollywood Riviera photos as the storm went eastward after pounding us for a week.

Calle Miramar in the heart of the Hollywood Riviera - Jan 22, 2010

See the last of the storm as it moves eastward from Rocketship Park.

The last edge of the storm seen from Rocketship Park Jan 22, 2010

We don't get much rain here in "Sunny Southern California!" Although if you decided last week would be a good week for a vacation in the Hollywood Riviera - a wonderful little hillside community in South Torrance/South Redondo Beach. It was wetter than most of us have experienced in years. Not sure of the final count in inches, but we got more than we needed. Lots of local flooding - but we are all lucky not to be living in the "burn areas" up in the La Canada/Flintridge areas. Here are some pictures from Friday last week - the last day of rain in our week of rain. We got more rain today - but just "normal" rain which is always welcome. Our local mountains and the Sierra mountains are all thankful as they will have plenty of snow this ski season!!

Calle Miramar, Hollywood Riviera, CA - Last of the rain moving eastward - Jan 22, 2010

Rocketship Park, Hollywood Riviera - You can see the last of the rain storm moving out! Jan 22, 2010

You can see the last of the storm as it heads east - Hollywood Riviera says, "bye, bye huge rainstorm!"

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!

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 rate, ending with a median price of $887 K. The north side finished the year at $710 K. Both of these areas in South Redondo Beach had a drop in sales prices this past year from 2008, while the number of homes sold actually increased. This has been a common theme for most South Bay areas.

The peak year for sales prices came in 2006 for the north side and in 2007 for the south side. As of the end of last year, the north side was off the peak by over 20 percent, while the south side has dropped by 13 percent. There is somewhat encouraging news in the recent sales activity data in that both areas have several homes currently in escrow. The average listing prices for these homes is consistent with last year’s sales prices. Homes are selling, but still at prices shy of the high times of just a few years ago.

Visit us at Beachtime Realty

Search for Redondo Beach Homes