Homes for Sale in Redondo Beach CA 90277 - 90278. Buy, Sell, List Real Estate. Residential and Income Property. Condominiums, Townhomes, Single Family Houses. Bank Owned REO Foreclosures, Short Sales, Auctions, Probate, 1031 Exchange, Standard MLS Listings. House Hunt. Search Fixers or Ocean View Mansions. Find properties. Hollywood Riviera, Esplanade, The Village, Brookside Village, Golden Hills, El Nido. 5 Star Zillow Realtor Ellis Posner. DRE 01416970. email@example.com. 310 975 5139
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It's nice to see the builders finally returning to South Redondo Beach, CA. While there has been decent new construction activity in North Redondo the last few years, and it has picked up significantly recently, South Redondo is finally getting some newly built townhome inventory.
121 S Guadalupe Av Unit C, Redondo Beach CA 90277: MLS SB13068233. South Redondo Beach actually has 3 on a lot detached townhomes and this is an example of one. Santa Barbra style detached
freestanding homes! Fantastic floor plan, approximately 2,350 sq. ft.,
with 4 bedrooms, 3 bathrooms, plus a spacious loft on third story with
panoramic ocean views. Large outdoor deck with covered sitting area and fireplace, which can be viewed from inside and out!.Second level
features a wide open floor plan with private balcony, living room with
fireplace, and dining room, which also captures the beautiful views.
Gorgeous gourmet kitchen with commercial grade Viking stainless steel
appliances and granite slab counter tops. Slab counters also in powder
bath and master bath. Beautiful custom hardwood floors throughout.
Master suite with balcony, spa tub and spacious walk-in closet. Custom
wrought iron railings and accents inside and out. Driveway showcases
beautiful random-stone stamped pattern, and the exterior of the building
features beautiful custom stone work. Proximity to ocean provides this
home with refreshing sea breezes. Oversized two-car garage with direct
access. This is a fantastic quality home located near parks,
restaurants, shopping and beaches. Units A & B also available. Priced at $1,195,000.
506 N Juanita Av, Redondo Beach CA, 90277: Units A & B. MLS PV13065901 and MLS PV13065904. Blink or think and it's too late. Unit A sold 1st day on the market and Unit B took a whopping 7 days. The list price of $999K each was quite reasonable so it's no surprise. These are your standard absolutely jaw dropping gorgeous "Amir Amiri" detached 2 on a lot townhomes.
3bd/3.5ba detached townhome on
quiet S Redondo street. Entry floor has 2 bright bedrooms with jack and
jill bath, laundry room and attached 2 car garage. Upstairs, the main
level has an open floorplan with a dining area off of the gourmet
kitchen that features granite countertops, stainless steel Viking D3
appliances, custom cabinetry and a center island with extra sink.
Living area has 2 story ceilings, french doors to balcony, gas fireplace
and 1/2 bath. Master suite also on main level has vaulted ceilings,
balcony, walk-in closet, gas fireplace and luxurious master bath with
spa tub and large separate shower. Top floor features a spacious den,
full bath and access to deck. Top of the line features throughout
including wood flooring, crown molding, custom iron railings and
built-in storage throughout.
507 N Lucia Unit A, Redondo Beach CA, 90277: MLS 13065974. This one is a larger 4 bedroom, built by one of my favorite builders, Casner, and larger at about 2500 sq ft. Not much more to say. Priced at $1,049,000.
Considering how hot the real estate market is in the Beach Cities right now with many homes selling very quickly with multiple offers, I've been surprised at the number of unsold homes in the Hollywood Riviera considering the great location and quite often ocean views. I think what may be happening is that in the mid high $1m's, there are buyers who would prefer the Valmonte neighborhood of Palos Verdes Estates which has some of the same feel and age of homes. But, that's just me. Actaully, in a future post I'll be discussing the non moving inventory in the Hollywood Riviera.
This single level 4 bedroom, 2 bath home also offers a studio built in the mid 2000's with a kitchenette and bath. The great Riviera locationoffers amazing Ocean,
Coastline, and Mountain views. And check out the sunsets! Plus you are walking distance to Riviera
Villageand the Beach. Hardwood floors, smooth ceilings and refinished windows, crown molding and a brick fireplace. Copper plumbing through out and a new sewer line in 2012.
View all the homes for sale in South Redondo Beach CA 90277. MLS listings from all South Bay Beach Cities Brokers and Realtors update in real time. House hunt for Single Family Homes, Condos, Townhomes, fixers and mansions. Ocean view Esplanade properties and Hollywood Riviera "Queen's Necklace" ocean and coastline views. Photos, Maps, "Zestimates", Prices, Walk Scores, and more.
To see the map below in full screen mode click here or click on the "view all" tab on the lower right hand corner of the map below the Google logo. When the results display, use the scroll bar to the right of the homes snapshots to scroll down and see all the homes or click on the green icons.
After not much activity for a while, all of a sudden three townhomes popped up for sale at the Village Palos Verdes complex in the South Redondo Beach Hollywood Riviera.
Here's what's available:
446 Palos Verdes Bl, Redondo Beach 90277: A tastefully remodeled ocean view
beach property is for sale. This immaculate resort style townhouse is
comfortably situated in prime Hollywood Riviera with a beautiful 180
degree views of the Pacific Ocean and a crown jewel view from the
downstairs deck and upstair bathroom balcony. The entire exterior of
complex has been completely renovated with new roof, new sidings, new
sliding glass doors, duel pane windows, balconies, garage door, and new
swimming pools in 2011. The home's newly remodeled kitchen has new wood
cabinets, granite counter tops and full set of stainless steel
appliances. Master bath has also been updated with a new tub, new shower
wall, new tile floor and toilet. This home is great for those who
enjoy a beach style living and it is perfect way to end the day watching
your sunset relaxing on your cozy private balcony. 3 bedrooms, 2.5 baths, 1591 sq ft. $699,000. MLS SB13035243.
444 1/2 Calle Miramar, Redondo Beach 90277: Townhome in Village Palos Verdes
complex with views ocean & mountain views. 3 bedrooms and 2.5 baths.
Cathedral ceilings, spacious open floor plan. Short walk to the beach,
shopping, restaurants, bike path and the Riviera Village. 1,884 sqft of
living space. 2 car garage with direct access.
Bonus room off garage. Can be used as an office, exercise room or for
storage. Family room area off kitchen. Formal dining room separate
from informal kitchen dining area. Two ocean view pools & spas. $725,000. MLS SB13031937.
428 1/2 Palos Verdes BL, Redondo Beach 90277: This almost 1,900 sq ft townhome
features one of the largest floorplans in the complex with 3 bedrooms, 2
½ baths and a bonus room that can be used as an exercise or media room.
This townhome has been substantially remodeled and includes a huge
kitchen with granite countertops and a center island. There are gorgeous
ocean views from all major rooms except for the kitchen. The townhome
features two decks from which to enjoy those soothing ocean views. Last
year, this complex (i.e. "Palos Verdes Village") underwent a major
renovation which completely changed the way these units look and feel.
The complex also includes two swimming pools and is a short walk to the
beach and the Riviera Village. $739,000. MLS PV13042798.
Located on Calle De Arboles in the desirable Hollywood
Riviera neighborhood, this chic remodeled (2005) and upgraded beach home
gorgeous pool is the one you have been waiting for. This single family
house features rich walnut hardwood floors throughout, kitchen with
stainless appliances and black granite counter tops, and wet bar. The
great room style kitchen and dining room flow out wonderfully into the
spacious patio and backyard. The living room with high open beam
ceilings, clearstory windows for abundant natural lighting, built in
entertainment and cabinetry and warm fireplace creates a comfortable and
elegant living space. The master bedroom features a remodeled bath and
a deck with direct access to the backyard overlooking the patio, yard
and pool. The stylish homes is a wonderful space with a great flow to
the floor-plan for all types of living. Approximately 1500 sq ft on a
5700 sq ft lot with 3 bedrooms and 1.5 baths, this property is listed by
Shorewood Realtors for $979,000. MLS PV12148663.
Call Redondo Beach Real Estate Agent Ellis Posner at 310 975 5139 for more information or email firstname.lastname@example.org
You probably don't need to know a whole lot more than last October there were 102 South Redondo Beach (90277) homes listed for sale in the multiple listing services (MLS) and as of today there are only 63. The steep decline in available Redondo Beach homes for sale is the primary cause of the multiple offers, bidding wars and generally more competitive environment to buy a home in Redondo Beach. And, as lomg as interest rates remain at historic lows (3.5% for a 30 year fixed rate mortgage) and rents are on the rise, you can expect this situation to continue.
And, believe it or not, the situation in South Redondo is better than North Redondo and other South Bay and Westside neighborhoods where inventory is half of what it was 12 months ago. (Actually, if we roll back to July-Sept 2011 Redondo Beach homes for sale are at less than 50% of what they were then.)
Here's a snapshot of what currently inventory looks like:
Previously, this blog has posted about short sales in Redondo Beach. In particular, short sales in South Redondo Beach relative to the broader real estate market and the effect on home sales.
In many ways short sales are the "new normal" as more and more homeowners have decided to short sell as an alternative to either foreclosure or an untenable economic or housing circumstance. For 2012, the laws and tax consequences of real estate short sales have been conducive and even favorable for a short sale. Additionally, it seems as of the investors and banks have concluded that short sales are a viable if not preferable alternative to foreclosure and the retail disposition of bank owned REO assets.
From a buyer perspective, the position of this real estate blog is that short sales represent one of the few remaining avenues for securing a home below fair market value. We can say, however, that as inventory has tightened, many short sales currently being listed in the MLS are priced closer to standard sales than we'd like to see. Buyers should be rewarded for the inconvenience, uncertainty and trouble of going through the short sale process.
Here's a quick look at current pre-foreclosure NOD activity in South Redondo Beach (90277).
As is evident, NODs are down 23% year over year. While not all short sales have NODs filed and not all NODs result in short sales, in general there is some correclation between the two. If you are not familiar with the concept of a Notice of Default, it is the first step in the forelcosure process in CA. The following chart shows how most real estate foreclosures proceed in CA.
Here's a list of all the homes in South Redondo Beach that have received NODs. (map pictured above) This data is accurate as of the date of this blog post. For an updated list, follow this link.
There are currently only 7 active short sale listings in South Redondo Beach in the MLS. Click here for more information and current updates.
In addition to these active short sales, there are currently 18 short sale properties in escrow (MLS status "backup" or "pending") out of a total of a staggering 58 total properties in escrow in South Redondo Beach. So, that's 31% of homes under contract.
As a broader short sale metric, there have been 218 closed sales transactions reported through the MLS in South Redondo Beach for 2012. Of those sales, 23 have been short sales representing 10.5% of total real estate transactions. Why the disparity between closed short sales and open short sale escrows.? One obvious answer is that currently over 50% of short sales are never approved. Some are foreclosed on, other are brought current (Release of Lis Pendens), and some just stay in short sale limbo. The other, less obvious answer is that with certain favorable short sale laws about to suset at the end of 2012, more homeowners are trying to sell before the end of 2012.
If you or anyone you know is interested in buying a short sale or needs to short sell your home, call 310 975 5139 for a confidential meeting.
Redondo Beach CA Real Estate remains in high demand. And, with fewer Redondo Beach homes for sale and many more qualified Redondo Beach buyers in the market than we've seen in years, home sellers are receiving multiple offers within 30 daysof the property being listed in the MLS and selling for higher than list price. The market has turned so abruptly that many buyers are reconsidering price ranges, criteria and even where they can afford to live.
Whether you want to buy or sell Real Estate in Redondo Beach CA, here's some data, trends, and statistics you might find interesting and useful in your sale or house hunt. For more specific information regarding a home you own or want to buy call 310 975 5139 for a confidential meeting.
The following data is for South Redondo Beach Real Estate (90277) only and is compiled from sales of all Redondo Beach real estate agents, Brokers, and Realty companies as reported in the multiple listing service (MLS). All property types (condominiums, townhomes, single family houses) are included as are all categories of real estate transactions such as short sales, bank owned foreclosures (REOs), probate sales and standard equity sales. FSBOs (for sale by owner) and private transactions are not included on this date. For North Redondo Beach Real Estate (90278) please visit www.90278RealEstate.com.
Looking back over the past year plus, we see a dramatic change in inventory. And, as you can see, pending sales hit their highest peak and inventory almost the lowest valley. There are literally 50% fewer homes for sale than a year ago and pending sales are more than double.
And for all those waiting for the "wave of foreclosures that will drive prices down 30%". Whoops, not going to happen anytime soon. Here's why.
As you can readily see, pre-foreclosures (NODs) are declining after a temporary spike, REO inventory is flat, and NTS, pre-foreclosures scheduled for sale are flat. In other words, no downward pricing pressure. In large part, the banks and investors are more inclined to approve short sales than foreclose or to sell non performing or foreclosed mortgages in bulk rather than one at a time at retail.
So, with inventories this low, what are you waiting for? Whether you are thinking of buying or selling Redondo Beach Real Estate the time is right to call Ellis Posner at 310 975 5139 or shoot an email to email@example.com.
If you like this kind of real estate data and analysis, check out other real estate blog sites from top producing Redondo Beach Real Estate Agent Ellis Posner:
We all keep hearing that there's a flood of bank owned REO foreclosures set to hit the real estate market and be listed in the MLS imminently. Buyers particularly cling to this urban myth which seems to be recirculated on various web sites periodically. Sorry, but this may not be the way the distressed housing marker plays out - at least relative to the shadow inventory in Redondo Beach.
When we look at actual current foreclosure listings in the MLS and foreclosure real estate activity in South Redondo Beach, CA 90277 for 2012 so far, the REO flow is steady but only about 10% on average of monthly sales. Take a look at the report below. There are far more auctions than bank owned inventory that you will ever see on a MLS list.
If you want to run the report for yourself and play with the results, click here for the foreclosure screen, then type in the zip code or name of the California city you are interested in. You will see up to the date foreclosure data on pre-foreclosure properties that are potential short sales (NODs), homes set for auction, and actual bank owned foreclosures (REO) that will be list on the MLS.
Currently, there are 3 bank owned foreclosure listings in South Redondo Beach. One is a free standing condo tonwhouse, another is a 3 level condo, and the final one is your prototypical South Redondo Beach mansion.
REDONDO BEACH BANK OWNED REO FORECLOSURES FOR SALE
1007 S Catalina Ave Unit 216, Redondo Beach CA, 90277: While this building looks like a standard condo project from the exterior, it is full of surpirses when you enter. There is a lush courtyard internally. You take the elevator to the second floor where you enter this tri-level town home style condo. The front door takes you into the middle of the 3 floors which is the living room and kitchen. Go up one flight to the top floor where there is a large loft and a balcony with ocean views. Downstairs from the main level, there's the bedroom. The bedroom and living room face east and have nice S Redondo views. MLS 12595601. List RE/MAX Executives $484,900.
502 S Maria Av, Redondo Beach CA, 90277: This is a detached townhouse (condo) foreclosure in South Redondo Beach built in 1998 in a private cul-de-sac community There are three bedrooms, 2.5 baths and the property measures 1816 sq ft. with a traditional floorplan with all three bedrooms located upstairs. The master suite has city lights view and huge walk-in closet. The entire property has fresh paint and new carpet. Kitchen has granite counters, custom cabinets and tile floors. Living room has wood type floors and fireplace. There is a private backyard-patio, laundry room, and direct access to the two car garage. Before this home was foreclosed on, it was listed as a short sale by Shorewood Realtors for about 200 days. Currently it is listed with local REO Broker Mark Arico for $649,000. MLS 7507017067.
407 S irena Av, Redondo Beach CA, 90277: Foreclosure Mansion! Very large and practically new (built in 2003) This two story, 5 bedroom, 3.5 bath, Mediterranean style home in South Redondo Beach is 4283 square feet, on a 7690 sq ft lot. With some minor cosmetic repair, this home will be a beauty. Features include high ceilings, marble tile floors, granite counters and back splashes, maple cabinetry, built-in stainless steel appliances, huge family room, dining room, separate laundry room, downstairs master bedroom would be perfect for in-laws or nanny, office/library upstairs with paneled walls, built-in book shelves and balcony, 4 bedrooms upstairs including the master suite with a walk-through closet, balcony overlooking rear yard and master bath with walk-in shower and spa tub. Great curb appeal, landscaped yards with rear wood deck, spa and a detached 3 car garage accessed from a private street. MLS V12036787. Listing Broker Prudential Californa Realty. $1,229,900 which is a killer deal at $287 sq ft.
So, these are the three for sale right now. Great deals? Maybe. If you are looking for a property similar to these and are willing to do some cosmetic work in order to save some money, go for it. You'll definitely be buying at a discount to a standard sale and getting some amenities not otherwise available. But, as stated previously, if you are waiting for a glut of foreclosed properties to hit the market driving prices down, not likely to happen anytime soon or propbably at all.
Here's a recap of the 13 other bank owned REO foreclosure sales in South Redondo Beach CA for 2012 as reported in the MLS. Most of these properties sold pretty close to list price, some over list (why is that a surprise?).
And lastly, if you are wondering where the foreclosure inventory is, check out the following graphic. NTS, the notice to sell, are way down and where are the bank owned foreclosures many buyers are waiting for to hit the market?
This real estate blog website has been tracking new construction in South Redondo Beach CA, 90277 so we're always glad to see any new projects. We were particularly excited about the new construction townhouses at 505 N Lucia because based on the MLS picture, they looked to be more "modern" than is usually found from this builder and in the area.
Unfortunately, when we previewed them, the best we can say is that these townhouses are......weird. Let's add over priced to that as well. The floorplan is atypical (that's our nice word for strange) and the finish work does not really work. Watch the video below and come to your own conclusion, maybe we're missing the point on these.
To be fair, here's how the listing agent describes this project:
Brand new 3bd/3.5ba sleek and modern townhome. First floor has den with sliding glass door to back patio, bedroom with large closet, attached bath and a door to patio. Powder room, large laundry room and storage closet. Second level has gourmet kitchen with beautiful light granite countertops, cherry wood cabinets, stainless steel appliances. Dining area off kitchen and large open family room with balcony and fireplace. Spacious master suite with large walk-in closet, private balcony and gas fireplace. Luxurious master bath features double sink with granite countertops, spa tub and a beautiful stone-tiled shower. Other great attributes include the dark wood floors, high ceilings, recessed lighting, skylight, intercom and 2 car attached garage.
Foreclosures Search the entire database of foreclosures including pre-foreclosure, short sales, auctions, and REO bank owned properties. Many of these homes are not on the market yet. You can see them first!
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