One of the most recent sales in The Village in Redondo Beach was a fairly rare two bedroom condo that was listed at $1,099,000 and sold at an impressive $1,147,000. The unit was in great shape and had a great coastal look and feel but the sales price was still surprising given the limited view. As the 2 bedroom condos (6 per building) are always on the west side they have the best views of the floor. The first floor in most of the buildings (a few have two levels of parking below so they’re basically one level higher) often has limited views and the 620 building is one of them. One benefit to the first floor is that it’s the only floor that owners can have hardwood floors throughout.
*Currently the only oceanview condo for sale in The Village (600 The Village addresses) is a studio located at 620 The Village #202. This second floor condo offers some views and despite the fact that it only has 410 square feet it really lives much bigger due to the layout and the large sliders to the deck. This unit has has some upgrades over the years but not super high end. The studio units are always the furthest east in each building (every floor has 2 studios that are the first units off of the elevator). A year or two ago $579,000 would have seemed an impossible number but with the last two selling at $595,000 for an extremely upgraded unit at 610 The Village #201, and $560,000 (first floor) this one is within range.
The average “list” price for the homes that sold was $1,474,590 with the average sold price at $1,611,603 meaning that, in general, homes sold DRAMATICALLY higher than the list price.
It’s not surprising to see record home prices in the current Redondo Beach real estate market, but this recent sale in The Village blew us away. Listed at $750,000 this home was only active for one weekend before going into escrow and closed at a jaw dropping $805,000. The previous record was $752,000 and that was for a third floor (which is the top floor and always more valuable) unit. In general first floor units sell for less due to the views being less exciting.
Having said that this one had about as nice a view as you can get on the first floor and the first floor does have two advantages…they have much larger balconies and it is the only level that can have hardwood floors (due to nobody being underneath)
Overall this was a beautiful condo that was in fantastic shape and beautifully remodeled.
Take a look a the 74 homes, townhomes and condos that sold in Redondo Beach in the month of March.
The real estate market in Redondo Beach took off after a few slower months (in terms of the number of homes that sold due to low inventory) with 74 on MLS homes closing escrow during the month, compared to the 37 homes that closed escrow in February.
The average “list” price for the homes that sold was $1,514,688 with the average sold price at $1,626,255 meaning that, in general, homes sold WAY higher than the list price. The average price per foot was $952 and median days on market was and extremely brief 7 before going into pending status.
Of the 74 homes that sold 5 were on the ocean side of the Esplanade, one was in Seascape 2 at 120 The Village and another in Seascape 1 at 240 The Village in South Redondo Beach
at an impressive $1,147,000. The unit was in great shape and had a great coastal look and feel but the sales price was still surprising given the limited view. As the 2 bedroom condos (6 per building) are always on the west side they have the best views of the floor. The first floor in most of the buildings (a few have two levels of parking below so they’re basically one level higher) often has limited views and the 620 building is one of them. One benefit to the first floor is that it’s the only floor that owners can have hardwood floors throughout.
