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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
The Village Ocean Club lounge area

Is the Real Estate Market in The Village Redondo Beach Finally Cooling Off?

Is the real estate market in the oceanview condos of The Village in Redondo Beach finally cooling off?The Village owners pool

The one bedroom Village condos in Redondo Beach are a great indicator of the South Redondo real estate market over time as the units are all the same size and configuration. The ocean views make a big difference as well as the floor it’s on, but in general the units are pretty similar. Therefore the changes in values year over year make for a good indication of the direction the market is heading.  See below for information on the sales so far in 2018 and how they compare with 2017 and 2016.  It indicates while prices are still high the market is softening with a smaller increase in values from 2017 as well as a longer average days on market.  View the current oceanview condos for sale in The Village Redondo Beach

2018

As of September 10th,  2018 has seen 5 one bedroom condos sold at a median price of $630,000 and an average price of $628,000.  That averaged out to around $1,015 a square foot for the year.  Another important number was the average days on market for 2017 which was 35.

  Address Price $/Sqft
650 The Village #211  $                  600,000 969
610 The Village #311  $                  645,000 1042
610 The Village #315  $                  630,000 1018
620 The Village #108  $                  610,000 985
650 The Village #108  $                  655,000 1058

2017

In 2017 8 one bedroom condos sold at a median price of $615,000 and an average price of $621,000.  That averaged out to around $993 a square foot for the year.  Another important number was the average days on market for 2017 which was 19.

Address  Price  $/Sqft
650 The Village #214  $                  590,000 953
630 The Village #311  $                  615,000 994
620 The Village #107  $                  615,000 994
660 The Village #108  $                  594,000 960
630 The Village #211  $                  635,000 1026
610 The Village #311  $                  670,000 1082
650 The Village #212  $                  650,000 1050
630 The Village #210  $                  599,000 968

2016

In 2016 10 one bedroom condos sold at a median price of $552,550 and an average price of $557,800.  That averaged out to around $900 a square foot for the year.  Another important number was the average days on market for 2016 which was 29.

Address  Price  $/Sqft
650
 The Village #210  $                  545,000 880
630
 The Village #207  $                  550,000 889
660
 The Village #309  $                  600,500 970
650
 The Village #104  $                  520,000 840
640
 The Village #312  $                  590,000 953
630
 The Village #109  $                  520,000 840
660
 The Village #310  $                  570,000 921
620
 The Village #206  $                  545,000 880
630
 The Village #204  $                  555,000 897
630
 The Village #115  $                  582,500 941
in Ocean view homes, Redondo Beach, The Village Posted by admin