I'm checking in on Redondo Beach's luxury home market listings and sales as the summer of 2018 winds down. The most expensive single-family home currently listed for sale in Redondo Beach is on the Esplanade, and that's a cool location to be when the temperatures soar. The 9000+ Sq. Ft. oceanfront residence is listed for $14,200,000. The most expensive sale thus far in 2018 was an oceanfront compound (two houses) that sold for $22,650,000. As expected, the oceanfront properties continue to draw top dollar in the Redondo Beach coastal luxury market. After all, there is a limited supply of oceanfront properties.
I'm always anxious to see how the luxury real estate market in the Beach Cities of Manhattan, Hermosa, and Redondo compares to what's happening in the luxury housing market on the Palos Verdes Peninsula. As we enter August, the beach cities' luxury home market is slightly weaker than the same market in Palos Verdes. Beach Cities Luxury Single-Family Home Update for August 2016: There are currently 68 luxury homes priced over $3,000,000 for sale in the Beach Cities of the South Bay. Sixteen Beach Cities single-family homes are in escrow with accepted offers. Twelve Beach Cities luxury residences sold during July 2016, and 67 South Bay Beach Cities luxury single-family properties have sold year-to-date. This report does not include condos and townhouses, but it's not uncommon for those sales to top the $3,000,000 price range as well. There is no question, coastal real estate sports a high price tag because it [...]
There's no doubt about it, Manhattan Beach has an abundant supply of luxury homes for sale priced at or above $3,000,000. Today's Multiple Listing Service reports there are 44 residences for sale in Manhattan Beach in the luxury price range. The highest priced single family home currently for sale in Manhattan Beach is listed at $26,500,000 and is located on The Strand. Inventory in the luxury category is on the increase in Manhattan Beach as well as the prices of homes in this coveted beach locale. There are currently 15 Manhattan Beach luxury homes in escrow with accepted offers. The first quarter of 2016 yielded 19 sales in Manhattan Beach's luxury home market. The majority of those sales were in the $3,000,000 to $6,000,000 price range. Luxury Manhattan Beach homes for sale For more information on selling or buying a Manhattan Beach luxury home contact Charlemagne Int'l Properties at 310.493.8333 [...]