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
120 The Village #310, Redondo Beach 90277 – Sold at $1,140,000
The latest Seascape 2 oceanview condo listing didn’t last long. 120 The Village #310 overlooked Czuleger Park but also featured some very nice ocean views. This nicely updated oceanview condo featured 2 bedrooms, 2 baths and offered great views from the deck and the unit. The single level condo was nicely remodeled with laminate flooring, beautiful kitchen, and more.
New to the market this week is an upgraded ocean view condo located in the Seacape 2 complex in South Redondo Beach. This nicely updated oceanview condo features 2 bedrooms, 2 baths and overlooks Czuleger Park. The single level condo was nicely remodeled with laminate flooring, beautiful kitchen, and more.
New to the market is a 1st floor one bedroom condo located at 620 The Village #105. This is a probate sale requiring court confirmation so patience is definitely required! The condo is in fairly nice condition and the the first floor location has pros and cons. Unfortunately the location doesn’t really allow for a view as it’s on the lowest level and pretty far to the east of the building (further from the water). The benefit of first floor is that it’s the only level that’s allowed to have hardwood floors. One nice aspect is that the 620 building is very far from the busy street of Catalina so compared with some higher number buildings there’s no traffic noise.
Take a look at the 4 condos that have sold in The Village and Seacape complexes of South Redondo Beach so far this year. Seems 1st floor condos were all the rage in The Village as both of the units that sold were on the lowest floor. The other two sales were both in Seascape 2. See all the most recent condo sales in and around The Village Redondo
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.
at $1,140,000
