Redondo Beach Homes for Sale: Week in Review

Low Inventory and Multiple Offers Persist

The week of October 15th saw little change: more houses are being sold and going into escrow than are coming on the market and being listed for sale. Here's the Redondo Beach MLS activity we saw.

Real "net-new" listings 5. Change of MLS status to "backup", "pending" or "sold" 21 properties. Wow, basically 4X going off the market than coming back on (not including cancelled escrows and price drops). If you are a buyer, expect that any correctly priced listing will receive multiple offers and be prepared to pay list price or more (sorry). Put your best foot forward on your offers. Redondo Beach home sellers and listing agents know what is going on in the market right now.

Here's some of our favorite MLS activity.

1612 Speyer Lane, Redondo Beach CA, 90278: One of our favorite Golden Hills "Tall & Skinny" single family residences even if it is not that tall or skinny. We liked it when it was new in 2007 and originally marketed at $1.2M (but sold for a million sixty) and still like it now. Here's why. Unlike most single family houses with the reverse floor plan (living room, kitchen and master bedroom on top level), this home has a very usable downstairs bonus room opening to the small backyard. And for those that like views, there's a nice neighborhood vista from the great room as well as the roof top deck. Yes, not a typo, large usable roof top deck with neighborhood and PV views. The location is excellent. In fact, when you first drive up to this Golden Hills beauty you may think that your in in East Hermosa Beach not Redondo because almost all the rest of the neighbors have Hermosa Beach address. The property has been reduced from its original list price to $1,095,000 which puts it at $413 a square foot for relatively new construction. MLS area 154 Golden Hills. View pictures of 1612 Speyer.

2209 Fisher Ct, Redondo Beach CA, 90278: Can you see the "Rat Pack" hanging out at this breakfast bar after a hard night out? Well maybe if it was in Palm Springs. Mid-Century Modern A-Frame home. Probably only four like this in the South Bay which makes it very unique. Home sits on a slight knoll directly across from Fulton Playfield. Neighborhood consist of several cul-de-sac streets so it is pretty quiet. The 1825 sq ft single family residence has 3 bedrooms, 3 full baths plus a den or 4th bedroom. New interior and exterior paint. New granite countertops in bathrooms plus new fixtures. City light view from northwest bedroom. Back on the market with a price reduction after a cancelled escrow, this home is listed for $695,000. Click here for the listing.

1905 Plant Lane Unit A, Redondo Beach CA, 90278: Blink and you missed it! This new construction 2330 sq ft Redondo Beach townhouse just steps from Manhattan Beach went into escrow faster than you could say "sold". Well not as fast as the Amir Amir Merit Real Estate townhouses also listed on Plant that never made it to the MLS before they were sold. Wow. Every room is spacious bright and beautifully done. High ceilings throughout, large windows and a custom fireplace. First floor has  dining room with gourmet kitchen and quality S.S. Jenn-Air Professional appliances and granite counters tops. Second floor has master retreat with a warm marble fireplace, large closet and elegant master bath with spa tub, and separate shower. Three more large size bedrooms with full bath and a family room. A/C Ready, Pre wired Alarm System, Sound system, Central Vacuum, wall to wall carpet and marble flooring. Listed for $869K.

Buyers, here's what you should be focusing on right now. There are currently only 45 North Redondo Beach homes for sale but over the past 30 days 39 Redondo Beach homes actually sold (closed escrow). MLS backup and pending status is another 50 homes. This is a staggering under supply of inventory.

By comparison, there are 58 South Redondo Beach MLS listings, 46 Hermosa Beach homes for sale and 62 Manhattan Beach MLS Listings. Be patient.