The real estate market in Redondo Beach is alive and well given that a few recent condo listings quickly went into escrow. We’re going to see
just how hot the market is with the newest listing at 640 The Village #214. This one bedroom is the highest priced listing by a wide margin.
Listed at $899,000 if it sells anywhere near this price, it would be the highest priced 1 bedroom condo sale in the Village of all time…..by a considerable amount.
The condos in The Village all have the same layout and same square footage so they’re generally pretty comparable…..with some definite differences including views, location in the building etc. This is a 2nd floor condo in the 640 the Village so it’s equivalent to a 3rd floor in other buildings (however there is more value in 3rd floor as there is nobody above)
The two previous highest condo sales (and only 1 bedrooms ever to sell over $800,000) were at 620 The Village #312 (top floor unit) which sold for $800,000 on 8/2/22 and 630 The Village #112 which sold for $805,000 on 4/12/22. The first was a top floor unit which always sells for more and the 2nd…..well we’re not sure how or why that sold for the record as it’s a first floor condo.
At $899,000 this condo is priced at $1,452 a square foot which is already way higher than the $1,300 (ish) a square foot the two previous highest sales were at. Average price per foot for all one bedrooms sold in 2022 was $1177.
The condo has been nicely updated and has fantastic views. The condo also has hardwood floors which we’ve never seen in a 2nd or 3rd floor unit (…..we’ll just leave it at that)
Having said that it’s going to be a real challenge to see this sell.
640 The Village Unit #214 Redondo Beach Basics
- 1 bedrooms
- 1 bathroom
- 619 square feet (BTV)
- HOA $300 monthly
- Listed at $899,000
- Listed by Aaron Klapper & Elizabeth Bobo – eXp Realty of California, Inc.- 310-546-9800
640 The Village #214, Redondo Beach, CA 90277 – Listed at $899,000
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