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!
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
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.
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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.
The oceanview condos complexes known as The Village and Seascapes are primarily single level condos but they do have some multi-level townhome options as well. Seascape 1 has several townhomes and, in addition to the fact that there are no neighbors above or below, they have an attached 2 car garage which is a big difference.
This latest townhome located in the Seascape 2 building at 150 The Village #6 was barely on the market before going into escrow. Fro what we understand it was a very strong offer and congrats to the sellers for the home selling so quickly. The townhomes are the homes closest to the water/harbor so they do offer some nice views although they are often much lower elevation than the condos. Learn more about Seascape 2 in Redondo Beach. The home was listed by Liz Cotton of Re/Max.
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