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The Village Real Estate Recap – 2018 Year in Review

2018 Home Sales in The Village

2018 was a great year for home sales in The Village with prices reaching all time highs.  There were 12 on market condo sales in the complexThe Village condos Redondo Beach with the lowest price being 2 studios that both sold at $460,000…the most recent at 610 The Village #202 which closed on December 17th.  The highest priced sale of the year was at $662,000 for a second floor one bedroom unit at 650 The Village #204.  While not on this list there is currently a very rare 2 bedroom on the market at 610 The Village Unit#116.  While it has surprisingly nice views for a first floor condo, the price has definitely been a challenge.  It was listed at $929,000 back on 12/18 and is still on the market (as of 2/7/19).  It’s a challenge for realtors and sellers alike to price two bedroom units as there are so few sales, and it’s hard to compare them with 2 bedroom units in the Seascape buildings.

Click here to view the current homes for sale in Seascape and The Village

2018 Home Sales in The Village (610-696 The Village Addresses)

Address Sales Price – List Price $ per Ft Bed/Bath Sq Feet Year Built Date Sold
650 The Village #211 $600,000 – : $615,000 $969.31 1/1,0,0,0 619/A 1974/ASR 1/8/2018
610 The Village #311 $645,000 – : $658,000 $1,042.00 1/1,0,0,0 619/ 1974/ASR 1/9/2018
610 The Village #315 $630,000 – : $639,900 $1,017.77 1/1,0,0,0 619/A 1974/ASR 2/9/2018
620 The Village #108 $610,000 – : $599,000 $985.46 1/1,0,0,0 619/A 1974/ASR 4/27/2018
650 The Village #108 $655,000 $1,058.16 1/1,0,0,0 619/A 1974/ASR 6/6/2018
630 The Village #302 $470,000 – : $479,000 $1,146.34 0/1,0,0,0 410/A 1974/ASR 6/28/2018
630 The Village #112 $640,000 – : $660,000 $1,033.93 1/1,0,0,0 619/A 1974/ASR 9/3/2018
620 The Village #302 $460,000 – : $469,000 $1,121.95 0/1,0,0,0 410/A 1974/ASR 9/28/2018
650 The Village #204 $662,000 – : $645,000 $1,069.47 1/1,0,0,0 619/A 1974/ASR 10/3/2018
610 The Village #214 $648,375 – : $665,000 $1,047.46 1/1,0,0,0 619/A 1974 10/16/2018
610 The Village #205 $640,000 – : $634,999 $1,033.93 1/1,0,0,0 619/A 1974/ASR 10/17/2018
610 The Village #202 $460,000 $1,121.95 0/1,0,0,0 410/A 1974/ASR 12/17/2018
in Ocean view homes, Redondo Beach, Seascape, The Village Posted by admin

Does the recent listing and sale at 640 The Village #105 indicate that the market may be slowing?

Does the recent listing and sale at 640 The Village #105 indicate that the market may be slowing….or was it just a victim of circumstances and timing.  This was a one bedroom, first floor unit without much of a view but it sold considerably below any sale in 2018.  The home sold at $579,000 after considerable time on the market.  The condo was originally listed on October 19th, and went into escrow after 2 full months on December 20th.  While the time of year didn’t help it may definitely be more than just timing.  Again the home was in clean condition although the kitchen needed some updating and upgrading as well as the bathroom.  Having said that it was still very surprising to see it sit that long and sell at that price.  The previous 5 sales (since September) are below and the lowest priced one bedroom (other than 640 #105) sold at $640,000.  Only time will tell if the market is cooling or whether it’s just temporary like the weather.

See the current condos for sale in The Village

1 Bedroom Condo Sales in The Village Since September 2018

  Address Sales Price – List Price $ per Ft Bed/Bath Sq Feet Year Built Date Sold
640 The Village #105 $579,000 – : $599,999 $935.38 1/1,0,0,0 619/A 1974/PUB 1/16/2019
610 The Village #205 $640,000 – : $634,999 $1,033.93 1/1,0,0,0 619/A 1974/ASR 10/17/2018
610 The Village #214 $648,375 – : $665,000 $1,047.46 1/1,0,0,0 619/A 1974 10/16/2018
650 The Village #204 $662,000 – : $645,000 $1,069.47 1/1,0,0,0 619/A 1974/ASR 10/3/2018
630 The Village #112 $640,000 – : $660,000 $1,033.93 1/1,0,0,0 619/A 1974/ASR 9/3/2018
in Ocean view homes, The Village Posted by admin
610 The Village #202 Redondo Beach condo

The Village and Seascape Redondo – 2018 Real Estate Year in Review

2018 was a great year for home sales in the ocean view condo complexes of The Village and Seascapes One, Two and Three.  The majority of the sales were in The Village complex with the addresses in the 600s.  There were 23 on market home sales during the year with the majority being in the Village.  Of the 23 sales there were 10 homes sold in The Village (600 buildings) followed by 6 in Seascape Two (100 The Village addresses) 4 in Seascape One (200 The Village addresses) and only one sale in Seascape 3.  The two lowest priced sales were 410 foot studios in The Village that both sold at $460,000 and the highest sale of the year was a 1,557 foot 2 bedroom in Seascape 3 with nice ocean views that closed at $934,000.

What’s for sale currently?

There are a few homes currently on the market on the higher end of the pricing with a very rare 2 bedroom at 610 The Village #116 priced at $929,000, a two bedroom in Seascape 3 priced at $968,000, and a 3rd floor 2 bedroom unit with big ocean views in Seascape One priced at $1,100,000 and is currently under contract.  Click here to see all of the current homes for sale in The Village and Seascape.

Address
Close Price – List Price
Price per Footoot
Bed/Baths
Sq Feet
Year
Close Date
650
The Village #211
$600,000 –  $615,000
$969.31
1/1,0,0,0
619/A
1974/ASR
1/8/2018
610
The Village #311
$645,000 –  $658,000
$1,042.00
1/1,0,0,0
619/
1974/ASR
1/9/2018
510
The Village #201
$934,000 –  $939,000
$599.87
2/2,0,0,0
1557/A
1980/ASR
1/29/2018
610
The Village #315
$630,000 –  $639,900
$1,017.77
1/1,0,0,0
619/A
1974/ASR
2/9/2018
250
The Village #205
$580,000 –  $609,000
$1,005.20
0/1,0,0,0
577/A
1978/ASR
2/21/2018
120
The Village #102
$840,000 –  $825,000
$585.77
2/2,0,0,0
1434/A
1980/ASR
3/5/2018
120
The Village #203
$865,000 –  $875,000
$603.21
2/2,0,0,0
1434/A
1980/ASR
3/23/2018
130
The Village #205
$888,000
$627.12
2/1,1,0,0
1416/A
1980/ASR
3/28/2018
120
The Village #108
$749,900
$654.93
1/1,0,1,0
1145/A
1980/ASR
4/18/2018
620
The Village #108
$610,000 –  $599,000
$985.46
1/1,0,0,0
619/A
1974/ASR
4/27/2018
110
The Village #408
$900,000
$627.62
2/2,0,0,0
1434/A
1980/ASR
5/8/2018
650
The Village #108
$655,000
$1,058.16
1/1,0,0,0
619/A
1974/ASR
6/6/2018
240
The Village #206
$799,000
$616.51
2/1,1,0,0
1296/A
1978/ASR
6/14/2018
630
The Village #302
$470,000 –  $479,000
$1,146.34
0/1,0,0,0
410/A
1974/ASR
6/28/2018
130
The Village #207
$900,000 –  $849,000
$677.71
2/2,0,0,0
1328/A
1980/ASR
7/11/2018
240
The Village #210
$680,000 –  $675,000
$796.25
1/1,0,0,0
854/A
1978/ASR
7/19/2018
250
The Village #105
$585,000
$1,013.86
0/1,0,0,0
577/A
1978/ASR
8/24/2018
630
The Village #112
$640,000 –  $660,000
$1,033.93
1/1,0,0,0
619/A
1974/ASR
9/3/2018
620
The Village #302
$460,000 –  $469,000
$1,121.95
0/1,0,0,0
410/A
1974/ASR
9/28/2018
650
THE Village #204
$662,000 –  $645,000
$1,069.47
1/1,0,0,0
619/A
1974/ASR
10/3/2018
610
The Village #214
$648,375 –  $665,000
$1,047.46
1/1,0,0,0
619/A
1974
10/16/2018
610
The Village #205
$640,000 –  $634,999
$1,033.93
1/1,0,0,0
619/A
1974/ASR
10/17/2018
610
The Village #202
$460,000
$1,121.95
0/1,0,0,0
410/A
1974/ASR
12/17/2018

 

in Ocean view homes, Redondo Beach, Seascape, The Village Posted by admin

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Rare 2 Bedroom Hits the Market in The Village

It’s been a while since a 2 bedroom unit has been on the market in The Village, but 610 The Village #116 just came on the market priced at $929,000. As there are only two 2 bedroom units on each floor, or 6 per building, compared with 14 one bedrooms per floor, the 2 bedrooms are rare indeed. What makes them even more special is that the two bedroom condos are always at the end of the floor….the furthest west and the only straight on ocean views.

The two bedroom condos offer approximately 938 square feet with big ocean and harbor views, 2 baths and a nice oceanview balcony.  Listed with Redfin, the condo at 610 The Village #116 is easy to see.  Contact us for a private showing.

It will be very interesting to see how buyers respond to the price as the last on market sale was in June of 2017 and closed at $790,000.

in Ocean view homes, Oceanfront Homes, The Village Posted by admin
The landscaped grounds of The Village Redondo Beach

Days on Market for Village Condos On the Rise

It wasn’t too long ago that anything that came up in The Village or Seascape building quickly went into escrow. Between a slower time of yearThe landscaped grounds of The Village Redondo Beach for oceanview condos, rising interest rates, and prices that might be scaring some buyers away, that seems to be changing.

View the current homes and condos for sale in The Village and Seascape buildings

It seems that of the listings that have come on the market in the past 90 days many are sitting unsold for months. Of the current active listings the average days on market for Seascape and The Village is 66 days and rising.  Several of the homes currently on the market have been on for several months with little or no interest.

in Ocean view homes, Seascape, The Village Posted by admin