“The Avenues” in South Redondo are a special place in this highly desirable beach city. You will normally find an annual or semi-annual blog post breaking down The Avenue’s activity, especially with land opportunities and new construction. Unfortunately, the pandemic has thrown off the blog cadence, so it has been some time since my last post on The Avenue’s. For a refresher, here is my last post from February of 2020 titled “Latest Redondo Beach Home Data and Update on ‘The Avenues.’” Much like the Tree Section in Manhattan Beach, Avenue home values are largely driven by the latest spec home sale. Typically, I dissect the largest section of The Avenues, between Pacific Coast Highway and
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We are fully into 2021 and it is time to start gearing up for the spring selling season! The inventory is still at a slow trickle, but believe me, it will come. In future weeks I plan to write more of my standard blog posts that break down individual sub-markets and micro-markets throughout Palos Verdes and the Beach Cities. However, for this week’s post, I want to go over some MLS listings that debuted in the last week that look to be deals. Even amidst the low inventory, you can still find value if you know how to look. That said, it is getting harder and harder to identify a good deal unless it is your
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We are just about to say goodbye to 2020 and start the new year. What an insane 12 months it has been. Last year, for the conclusion of 2019, I wrote a blog titled, “The Best (and Worst) Performing South Bay Real Estate Markets of the Decade.” That sure was an interesting data-dive as we moved into the new decade. With the unprecedented happenings this year, I thought we might as well look at how local submarkets performed amidst the Coronavirus pandemic. As always, this weekly blog focuses on the Palos Verdes Peninsula and the beach cities of Manhattan, Redondo, and Hermosa Beach. There are 33 unique submarkets to be exact and I will breakdown the
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As mentioned in most of my recent blog posts, I share additional forms of South Bay real estate data through different media channels. There are mailed quarterly newsletters, IGTV quarterly posts, and a podcast…I have dropped the ball on that and recorded just one episode. It is busy as a rookie dad and full-time Realtor. That said, the podcast will happen eventually every month, so thanks for being patient! Redondo Beach Year-Over-Year Data From a price growth standpoint, the city of Redondo Beach has done very well over the past few years. South Redondo has been strong and in recent years, North Redondo has surged higher due to its affordability and proximity to the beach. After
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Redondo Beach is a city with a plethora of real estate options. There is property on the water, property with easy access to freeways, and everything in between. From condos to town homes to single-family homes, Redondo Beach has a wide variety of every asset class at virtually every price point. It truly has a little something for everyone. If you have been a buyer hunting for a condo in South Redondo, options are everywhere. There are small condo complexes and large condo complexes throughout town. I am almost certain that during your hunt you have run into listings in one of the “mega-condo” complexes, as I like to call them. The two “mega-condo” complexes I
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Now that spring is officially upon us, the South Bay real estate market will begin to heat up over the next few months. So before the official rush of spring selling season begins, I thought I would touch on some intriguing South Bay listings under $1 million. Hermosa Beach 1202 20th Place 3 bed, 1 bath, 1,176 sq. ft., single-family home Asking: $965,000 Finding a single-family home under $1 million in Hermosa Beach is almost impossible. This fixer property was recently cut just below $1 million, and if you are a shrewd negotiator, you might be able to get it even lower! This property has a chance to be one of the lowest 2,500 square foot
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Looking back at South Redondo real estate over the past six months, town homes over 1,600 sq. ft. have been very popular. Over that span of time, there have been six closed sales, three properties currently in escrow, and no inventory on Catalina Avenue (except for my new listing that hit the market today). Catalina Avenue is a long street west of Pacific Coast Highway starting from the border of Redondo Beach/Torrance, running all the way north to the Redondo/Hermosa Beach border. I like to separate Catalina Avenue in two: South of Knob Hill North of Knob Hill To South Bay locals, being north or south of Knob Hill is obvious. South of Knob Hill is
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North Redondo Beach Over the years, North Redondo Beach real estate growth has been meteoric and a major talking point. This is why I have now taken on a habit of writing about new construction town homes in this area at least twice a year. For reference, check out my past blog posts from September 2017 (North Redondo New Construction Homes Continue to Prices) and November 2016 (Out with Three-on-a-lots, In with Two-on-a-lots). If you want to go back even further, check out my post from February 2016 (The Steady Rise of North Redondo Town Homes). New Construction Town Home Growth Three-on-a-lots have been fewer and fewer to come by over the last couple years. Interestingly,
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South Redondo If you are a buyer in the South Bay and want a wide range of options by the beach, then look no further than South Redondo. Many people don’t realize the wide range of options west of PCH in South Redondo (area 157 on the MLS). You can live the beach lifestyle and select from a plethora of condos or townhomes on both ends of the pricing spectrum. On a budget and need a low price? South Redondo has you covered. Need more room for an expanding household? South Redondo has you covered there as well. Want a luxury property with ocean views? Sure, South Redondo has something for you too. Let’s take a
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Median Home Prices in California According to the California Association of Realtors, the Los Angeles County median home price in December sat at $577,690. There is not much for sale by the beach in that price range except for some very small 2-bed condos in the Hermosa Valley (like 1600 Ardmore Avenue #219) or an even smaller 1-bedroom fixer in The Village in Redondo Beach (like 610 The Village #315). It has become a reality that buying a home under $1 million in the South Bay is hard…really hard. The Deal What if you could find a lot more space than a small condo, like maybe over 2,400 livable sq. ft. with 4 bedrooms, 2.5 bathrooms,
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