What is your condo in The Village, Seascape or Esplanade worth in today’s real estate market?
Whether you’re considering selling your condo in The Village or whether you’re just curious about the value of your home, we will be more than happy to help. We’ll be happy to put together a FREE home valuation report based on the latest comparable sales and the current market conditions. While we hope to earn your future business we assure you that there is absolutely no obligation and no high pressure.
With only active 19 homes for sale in all of Redondo Beach, it’s nice to see that one of them is in The Village. There had been a rare studio in the 630 The Village building but that’s now in escrow. This latest addition is a ground floor unit in 650 The Village. It’s been nicely remodeled and the kitchen wall facing the living room has been removed (not sure how as usually only 3rd floor units can remove the whole wall) so it has a nice open feel. As only 1st floor condos can have hardwood floors that’s the tradeoff….views are not as good but flooring is upgraded. The $678,000 list price is pretty high for a first floor unit but given that there’s high demand and almost nothing to buy, this could likely end up in that vicinity. The last 1st floor 1 bedroom sold in April for $629,000 but in this real estate market…..that was a long time ago.
New to the market this week is a rare studio condo in The Village in South Redondo Beach. The studios offer 410 square feet in a fairly spacious layout. This first floor unit offers a tiny ocean peak (studios are always the furthest from the water), an oversized deck, laminate flooring and a bright look and feel. The condo was nicely remodeled with stainless appliances and granite countertops. View the MLS listing details below.
Welcome to the real estate report for Redondo Beach home sales in October 2021. Take a look at all of the homes that sold in October in both north and south Redondo Beach as well as parts of the Hollywood Riviera. It was a fantastic month for home sales in Redondo Beach CA with a very impressive 97 on market property sales closing. While there have been a few months higher than this over the past few years this is definitely on the very high end and a good indication as to just how strong the real estate market in Redondo Beach continues to be.
The average property “asking” price was $1,370,912 with the average “sales” price at $1,416,929 meaning that homes generally sold WELL above the original listing price. Of the 97 home sales one was in The Village Condos and another was in Seascape 2 (townhome)
It isn’t often that a 2 bedroom sellss in The Village as they are fairly rare to even hit the market. We’re happy to report that a 2 bedroom top floor condo did just sell for the full price and closed at $1,100,000. As they are so rare it’s no surprise that 610 The Village #317 closed pretty quickly. 610 is the furthest north of The Village buildings which definitely puts it in a fairly quiet location. The home was in nice condition and had been well maintained but was a bit dated and there was some value add possibilities. Having said that the views were wonderful and it was in great shape so it’s a great buy for the new owner. With one bedrooms nearing the high $700s now, $1,100,000 for a top floor two bedroom in this condition was just about right.
Due to the layout and configuration of the buildings in The Village (600 addresses) each floor only has two 2 bedroom units so they just don’t come available very often. With a 3rd floor location it means it’s just about as close to the water as the condos get. The units are just a bit under 1,000 square feet and have a nice open layout. As with all of The Village the grounds and amenities, including the use of the neighboring Ocean Club facilities, are fantastic.
It must be something in the air but two of the most recent listings in The Village Condos and Townhomes have both been 2 bedroom units. There are only 2 two bedrooms per floor (compared with 12 one bedroom condos per floor) so in general we rarely see them come available. The latest sale just recently closed at $1,100,000 for a top floor two bedroom. The newest listing is another 2 bedroom in the 620 building and while it’s been beautifully remodeled, the real head turner is the price. Given that the last one sold at $1,100,000 it’s pretty hard to determine where the $1,500,000 price come from on this one. The view are great which is typical of most of the 2 bedrooms (they are always the end units closest to the ocean so they are always the best and most direct views) but it’s hard to see how they’re going to get anywhere in this vicinity. We certainly wish them the best of luck as there are plenty of homeowners in The Village that would love to see a new record set (by hundreds of thousands of dollars). The unit offers 2 bedrooms, 2 baths and just under 950 square feet. Take a look and if interested we would be happy to arrange a private showing.
Want an even easier way of keeping up with the latest listings in The Village and Seascapes?…….
620 The Village 217, Redondo Beach CA – Listed for $1,500,000
Listing Courtesy of Nancy Free – T.N.G. Real Estate Consultants 562-982-4175