One of the coolest holiday events in the South Bay has to be the annual boat parade in Redondo Beach’s King Harbor. Some of the boats are elaborately decorated and lit and there’s just something so unique about the experience.
The event takes place on December 11th with various paddle boats, stand up, kayaks and more starting at 4:30 and the boat parade starting at 5:30. The best place to view is always Moonstone Park (see location map below) as it stick well into the harbor.
It was another great month in Redondo Beach both in terms of the number of homes that closed escrow as well as the prices. November 2021 saw an impressive 77 on market home, condo and townhome sales closing during the month. The average “list” price of the homes that closed escrow during the month was $1,441,772 with the average “sold” price at $1,407,759 meaning that homes generally sold lower than the asking price. This was the first month in which sold prices were lower than list prices in quite a while. Homes averaged 30 days on the market before going into escrow with a median DOM of only 9 days. Average price per foot was $$811.
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 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