From our family to yours we wish you a very happy Thankgiving and a great holiday weekend. Whether you’re spending it at the Village, Seascape, Esplanade, Redondo or beyond….we hope you have a wonderful holiday weekend. Enjoy!
See how real estate in Redondo Beach fared in October 2022 compared with a year earlier. It was definitely a slower real estate market with 86 homes on the market compared with only 52 in 2022. Only 44 homes went into escrow last month compared with 74 a year earlier and only 49 home sales in Redondo Beach compared with 96 in October of 2021. Prices were up significantly however with a median sales price of $1,450,000 compared with $1,356,000 in 2021.
One of the few oceanview condos for sale in Redondo Beach at the moment just went into escrow. The condo had recently had a price reduction down to $1,099,990 from the original $1,149,000. 520 The Village #213 is 2 bedroom 2 bath 2nd floor condo located in Seascape 3. Other than the older feeling tile countertops and original (but painted) cabinets in the bathrooms, it’s nicely updated. It’s an end unit so the great news is that it has extra windows making for a very bright interior…..the downside is that it’s the unit closest to fairly busy Catalina Ave so it’s a bit busy out the back bedroom window. It has a decent ocean view from the balcony but no real view from inside the unit. HOAs are always high in Seascape 3 and there’s an approximately $50K per unit special assessment that the seller isn’t planning on paying so that needs to be factored into value.
520 The Village Unit#213 Redondo Beach Basics
2 bedrooms
2 bathrooms
1,501 square feet (BTV)
HOA $855 monthly + special assessment
Listed at $1,099,900
Listed by Juan Huizar & Caleb Baldwin – Sage Real Estate – 562-400-7622
Top Floor Oceanview Condo in The Village Redondo Beach
If you visit this sight often enough you know how much we like top floor units. The views are better and there’s nobody above. 660 The Village #306 is definitely one of those places and the extensive remodel makes this pretty ideal. The home offers great views and a coastal inspired interior. Some of the many updated features are newer vinyl sliding doors, tile deck, smooth ceiling, recessed lights, new carpet, new flooring in kitchen hall and bath, updated bath and more.
The kitchen has been extensively upgraded with quartz counters, stainless appliances and most importantly the wall separating the kitchen and living has been removed making the kitchen brighter and far more a part of the room.
The Village is ideally located steps to the beach, marina and all of the restaurants and shops of King Harbor including Kincaids, El Torito, Old Tony’s and more.
660 The Villge #306 Facts and Figures
1 bedroom
1 bathroom
619 square feet
2 parking spots
$300 monthly HOA
Use of the Ocean Club pool, gym and resort style facilities
Redondo Beach real estate saw another slower month with 52 closed home sales during September 2022. That was down quite a bit from June and July but similar to August. While the number of sales was lower, the prices that the homes sold for was very impressive once again. The average price of a home in Redondo during September was almost $1.60M.
The average listing price for the homes that closed escrow in September was $1,581,037 with the average sold price at $1,570,616. Unlike earlier in the summer homes generally sold below the list prices.
Homes averaged $829 a square foot and averaged only 28 days on market before going into escrow.
Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
One of the September 2022 closings was a fairly rare 2nd floor two bedroom ocean view condo in The Village that sold for full price at $1,100,000. The two bedrooms are pretty rare and pretty special as they generally have the best views in the buildings and are always directly facing the ocean, whereas the 1 bedrooms face at an angle. As with all of the 2 bedroom condos this is the furthest west and closest to the water so the views are usually much better and more direct than the one bedrooms. The condo went into escrow quickly and sold for full price which was $1.1M.
The home has a nicely updated kitchen and is in great shape with very nice ocean and harbor views.
Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.