It’s been a slow few weeks in The Village with all of the recent listings now in escrow. That just changed this week with a new first floor one bedroom condo at 630 The Village #103. As it’s in the 630 The Village building it has the advantage of being higher than most other 1st floor units (due to 2 levels of parking underneath instead of one) Although the first floor units have the least exciting views in each building, there are a few advantages…..1st floor condos have larger balconies/decks and only first floor units can have hardwood floors. Take a look and contact us if you have questions or would like to set up a private showing.
We’re proud to announce our latest ocean view listing in The Village in South Redondo Beach at 610 The Village #302. This beautifully remodeled top floor ocean view condo is the epitome of casual coastal living.
Priced at $655,000
1 bedroom, 1 bath
619 square feet
Top floor & quiet location
2 parking spots
Incredible resort like amenities
The top floor location coupled with one of the quietest locations in The Village, makes a tranquil retreat for those that want to sit back & relax. Recent upgrades are extensive & include removing the kitchen wall to allow a beautiful open layout and great light, recessed lights, new paint throughout, smooth coat ceiling, new carpets, new baseboards, new quartz countertops, new lighting, new flooring in the kitchen/bath/entry, recently refinished deck & balcony, & more. View all current Village and Seascape condos for sale.
610 The Village Photo Gallery
The home makes perfect use of space with bright & open kitchen, spacious bedroom with a huge walk in closet & direct sliding door to the balcony, and a bright and beautiful living room with fantastic ocean views. Direct elevator access ideal for those looking to avoid stairs. Resort like amenities include the owners pool, spa & oceanview BBQ area as well as access to the Ocean Club facilities including the beautiful fitness center, resort style pool & spa and even a store/restaurant. Every day can feel like a vacation. Located just east of the Redondo Pier with an abundance of shops & restaurants just steps away or stroll down to the beach or bike path and endless outdoor activities.
2018 was a great year for home sales in The Village with prices reaching all time highs. There were 12 on market condo sales in the complex with the lowest price being 2 studios that both sold at $460,000…the most recent at 610 The Village #202 which closed on December 17th. The highest priced sale of the year was at $662,000 for a second floor one bedroom unit at 650 The Village #204. While not on this list there is currently a very rare 2 bedroom on the market at 610 The Village Unit#116. While it has surprisingly nice views for a first floor condo, the price has definitely been a challenge. It was listed at $929,000 back on 12/18 and is still on the market (as of 2/7/19). It’s a challenge for realtors and sellers alike to price two bedroom units as there are so few sales, and it’s hard to compare them with 2 bedroom units in the Seascape buildings.
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.
Is the real estate market in the oceanview condos of The Village in Redondo Beach finally cooling off?
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.
bedroom condo at 630 The Village #103. As it’s in the 630 The Village building it has the advantage of being higher than most other 1st floor units (due to 2 levels of parking underneath instead of one) Although the first floor units have the least exciting views in each building, there are a few advantages…..1st floor condos have larger balconies/decks and only first floor units can have hardwood floors. Take a look and contact us if you have questions or would like to set up a private showing.
