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 was browsing about on Zillow for a luxury home in Manhattan Beach for one of my clients. I was surprised to see Zillow is predicting a smaller than usual increase in value for the area in 2017. On the other hand, property in the Beach Cities of the South Bay of Los Angeles has enjoyed a phenomenal surge in value since the housing market recovered from the recession years of 2008-2010. I'm happy to see the market taking a breather and not advancing toward a bubble; bubbles burst. 86 Manhattan Beach luxury homes priced at or above $3,000,000 sold during 2016. Year-to-date in 2017 as of March 6, eleven MB luxury properties have closed escrow. The year-over-year comparison shows only a slight reduction in 2017 sales. Hermosa Beach's smaller number of sales can be attributed to its smaller size both in land space and residents. However, Hermosa still posted [...]
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 [...]
Redondo Beach luxury properties trail behind those of its sister beach cities of Hermosa and Manhattan in both quantity and price, but Redondo luxury properties offer good value when compared to similar sales in the neighboring beach towns. The first quarter of 2016 shows one Redondo Beach luxury home sale priced at or above $3,000,000. Redondo Beach has seven luxury properties, both condos and single family homes, for sale. One Redondo Beach luxury condo is currently in escrow with an accepted offer. Redondo Beach Luxury Homes for Sale For more information on selling or buying Redondo Beach luxury properties contact Charlemagne Int'l Properties at Norma@CharlemagneProperties.com or 310.493.8333. A few words from our past and present clients: "We hired Norma when we bought our home 4 years ago and it was a wonderland experience. We stumbled on to her Palos Verdes Home blog website by chance when we were researching on [...]
Charlemagne Int'l Properties' Beach Cities market reports will move to a quarterly reporting system. However, our maps are "live" and are updated with new listings and sales on an ongoing basis. As a reader, you will always have up to the minute market statistics at your fingertips simply by visiting this post and clicking on the various property categories of sold or active listings. If you desire more detailed information about a particular property you may always contact us and we will provide additional information. The fourth quarter of 2015 yielded the following luxury home statistics for Redondo Beach, California: One Redondo Beach luxury residence (oceanfront condo) is currently in escrow with an accepted offer. The list price is $4,000,000. The complex was built in 2015 and offers gorgeous ocean and beach views. There are currently five Redondo Beach luxury homes priced at or above $3,000,000 for sale. No Redondo [...]