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Does the recent listing and sale at 640 The Village #105 indicate that the market may be slowing?

Does the recent listing and sale at 640 The Village #105 indicate that the market may be slowing….or was it just a victim of circumstances and timing.  This was a one bedroom, first floor unit without much of a view but it sold considerably below any sale in 2018.  The home sold at $579,000 after considerable time on the market.  The condo was originally listed on October 19th, and went into escrow after 2 full months on December 20th.  While the time of year didn’t help it may definitely be more than just timing.  Again the home was in clean condition although the kitchen needed some updating and upgrading as well as the bathroom.  Having said that it was still very surprising to see it sit that long and sell at that price.  The previous 5 sales (since September) are below and the lowest priced one bedroom (other than 640 #105) sold at $640,000.  Only time will tell if the market is cooling or whether it’s just temporary like the weather.

See the current condos for sale in The Village

1 Bedroom Condo Sales in The Village Since September 2018

  Address Sales Price – List Price $ per Ft Bed/Bath Sq Feet Year Built Date Sold
640 The Village #105 $579,000 – : $599,999 $935.38 1/1,0,0,0 619/A 1974/PUB 1/16/2019
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 #214 $648,375 – : $665,000 $1,047.46 1/1,0,0,0 619/A 1974 10/16/2018
650 The Village #204 $662,000 – : $645,000 $1,069.47 1/1,0,0,0 619/A 1974/ASR 10/3/2018
630 The Village #112 $640,000 – : $660,000 $1,033.93 1/1,0,0,0 619/A 1974/ASR 9/3/2018
in Ocean view homes, The Village Posted by admin
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

Rare 2 Bedroom Hits the Market in The Village

It’s been a while since a 2 bedroom unit has been on the market in The Village, but 610 The Village #116 just came on the market priced at $929,000. As there are only two 2 bedroom units on each floor, or 6 per building, compared with 14 one bedrooms per floor, the 2 bedrooms are rare indeed. What makes them even more special is that the two bedroom condos are always at the end of the floor….the furthest west and the only straight on ocean views.

The two bedroom condos offer approximately 938 square feet with big ocean and harbor views, 2 baths and a nice oceanview balcony.  Listed with Redfin, the condo at 610 The Village #116 is easy to see.  Contact us for a private showing.

It will be very interesting to see how buyers respond to the price as the last on market sale was in June of 2017 and closed at $790,000.

in Ocean view homes, Oceanfront Homes, The Village Posted by admin
The landscaped grounds of The Village Redondo Beach

Days on Market for Village Condos On the Rise

It wasn’t too long ago that anything that came up in The Village or Seascape building quickly went into escrow. Between a slower time of yearThe landscaped grounds of The Village Redondo Beach for oceanview condos, rising interest rates, and prices that might be scaring some buyers away, that seems to be changing.

View the current homes and condos for sale in The Village and Seascape buildings

It seems that of the listings that have come on the market in the past 90 days many are sitting unsold for months. Of the current active listings the average days on market for Seascape and The Village is 66 days and rising.  Several of the homes currently on the market have been on for several months with little or no interest.

in Ocean view homes, Seascape, The Village Posted by admin
610 The Village #202 Redondo Beach condo

Rare Studio for Sale in The Village Redondo Beach – 610 The Village #202

Studio Oceanview Condo for Sale in the Village

**Please note that this is an older post and this condo sold in 2018 and is no longer for sale.  Please click here to see the current condos for sale in The Village and Seascapes in Redondo Beach

Welcome home to this luxury retreat and live the vacation lifestyle! This beautifully remodeled condo is the ideal beach retreat andVillage Redondo Beach ocean view studio the community offers multiple pools and spas, oceanview deck, bbq area and access to the neighboring resort style pool, state of the art fitness center and market/restaurant. Perfect for those looking to buy instead of rent, those looking for a second home just seconds from the beach, and those that travel often and are looking for the perfect place to come home after a trip and sit back and relax…..610 The Village #202 is an ideal fit. Located just east of King Harbor and the Redondo Pier, this beautiful and rare ocean view studio is central to everything in the South Bay. The home was recently upgrated with granite counters, new stainless appliances, recessed lights, crown molding, new sliders to the patio, new carpet and new paint. Bathed in natural light the home feels much larger than the typical studio and much larger than the square footage would indicate. Enjoy beach breezes and ocean views from the home or the private balcony or head out for a stroll on the pier or along the beach.

Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or to set up a private showing.

  • Well priced at $460,000
  • 410 foot studio with 1 full bath
  • Ocean view
  • Community ammenities included multiple pools and spas, market/restaurant, fitness center, bbq areas and decks
  • Low HOA of $265 a month    
in 90277, Condo for sale, Ocean view homes, The Village Posted by admin