One of the latest condos to sell in The Village in South Redondo Beach was a beautifully remodeled 2nd floor studio. This was really nicely done and wasn’t your usual inexpensive flip. We’ve sold studios in the past and although they only offer 410 square feet they are definitely more spacious than they sound. It doesn’t hurt to have ocean views and ocean breezes which allows the balcony to be an extension of the living space.
One of the most recent sales in the Seacape and Village oceanview condo complexes was a 2 bedroom first floor unit in Seascape 3. There hasn’t been much on the market lately and this is one of the only homes that have sold in a little while. The condo was nice and clean but needed some updating and had a bit of an original feel. The views were decent although certainly a concern that they could be partially blocked by trees or the future Redondo Pier redevelopement….if and when that ever happens. The home was listed at $995,000 and had several offers and closed at $1,150,000 to an all cash buyer.
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.
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