North Redondo Beach Real Estate: New Listings March 2011

Redondo Beach Real Estate Update: MLS Data. March 2011 59 new active listings (includes price changes) in 90278. Four REO Foreclosures (Real Estate Owned) by the bank. Five "sales type" short sale and another two indicated as in foreclosure or NOD - presumably short sales as well.  New Single Family Homes listed for sale 16; Condos 10; Attached Townhouses 24; Detached Townhouses 9. Many listing agents still do not understand that the "attached - detached" status refers to the unit and not the garage. Further confusion is that in other Southern CA cities (OC), there are attached single family houses. PUDs are considered single family homes by the lenders. All townhouses are condos - townhouse is not a legal description. There are two new "2 on a lot" new construction projects that have been listed. Another project already has one unit sold. There is also a new construction project "3 on a lot" in the 1800 block of Vanderbilt. Small brokerages and out of area brokers still continue to chip away at the market share of the traditional dominant players - Shorewood Realtors, South Bay Brokers, and RE/MAX. Keller Williams seems very active in short sales.

Prices and home values are still trending down as sellers are chasing fewer qualified buyers. The advice to sell a home in Redondo Beach quickly and not chase the market down remains to price the home slightly below the closest comparable (2-4%) and receive multiple offers quickly. Other strategies are to offer 3% to the selling agent or credits for closing costs to the buyers. Attached townhomes have seen the biggest declines and are the most difficult to sell due to no FHA financing being available. Some niche market lenders are offering non FHA 5% and 10% no or low PMI programs.

Here's our top ten favorite new listings from March followed by popular pre-set "quick" MLS searches. Click on the links below to see the listings. For more information on these homes or to buy or sell Redondo Beach Real Estate call 310 975 5139.

2007 Carnegie LN # B, Redondo Beach 90278: 3 bedroom, 2.5 bathroom attached 3 on a lot townhouse for sale. Bank Owned REO foreclosure. At $498,000 this is too low to let go. Just remember this won't qualify for FHA.
1804 Vanderbilt LN # A, Redondo Beach 90278: 3 bedroom, 2.5 bathroom attached 3 on a lot townhouse for sale. New Construction Real Estate for Sale 2011 Build. Three units at this address, list prices start at $689,000.
1903 Morgan LN # B, Redondo Beach 90278: Detached two on a lot 4 bedroom short sale townhouse. Price would be really great if it was a standard sale. Excellent Jefferson School District location. List Price is $689,000.
1704 Harriman LN # A, Redondo Beach 90278: This detached front unit townhouse 4 bedroom is a standard sale and priced to sell. May be gone by the time you read this! Not too much equity so oit will probably sell close the price it is listed at in the MLS $699,000. 
1610 Speyer LN , Redondo Beach 90278: One of our all time favorite "tall and skinny" single family houses. This is the three level floor plan with the huge bonus room downstairs leading out to the backyard. Not in the Golden Hills, this is smack on the Hermosa Beach border and if you didn't know better, you would think you were in Hermosa on this street. Priced at $1,099,000 which is too high. It last sold for $1,019,000.
1917 Gates AV # B, Redondo Beach 90278: Excellent location just steps from Manhattan Beach. New Construction Real Estate for Sale 2011 Build. Larger than standard detached rear unit 2 on a lot with rooftop deck. $949,000. Make offer now - don't wait for the price reduction.
1306 Firmona AV, Redondo Beach 90278: This single family home is technically not a new listing per se. It was in escrow, fell out and is now on the market for sale at a much lower price of $450K. It will sell for less, probably closer to $425K. Better than a small condo at that price, And you own the land.
2707 Nelson AV # 2, Redondo Beach 90278: Lowest priced non-senior standard sale condo for sale in North Redondo Beach. At $399K why pay rent? Really. Seller is motivated, may well sell for less. Go for it!
2120 Dufour AV # 17, Redondo Beach 90278: Move in ready small condo in convenient location close to freeways, shopping, etc. Nice complex with pool. $499,000. 
2218 Ruhland AV # A, Redondo Beach 90278: Very nice standard product 2 on a lot. Remember when there were always 5-10 of these to choose from at any time. Ah, the good old days. But, the price has come down now on these 4 bedrooms. Listed for $895K but a little birdie tells us it will sell for less.

North Redondo Beach Real Estate for Sale: 90278 MLS Listings

Redondo Beach Real Estate: 90278 Condominiums for sale
Redondo Beach Real Estate: 90278 Townhomes for sale
Single Family Homes (SFR) for sale
North Redondo Beach 2 bedroom MLS Listings
North Redondo Beach 3 bedroom MLS Listings
North Redondo Beach 4 bedroom MLS Listings
MLS Listings Year Built 2000+
Homes for Sale - Days on Market (DOM) less than 7