Redondo Beach CA MLS Search Real Estate for Sale: MLS Listings Condos, Townhouses, Single Family Homes
ABOUT REDONDO BEACH REAL ESTATE
Redondo Beach CA Real Estate remains in high demand.Throughout 2013, inventory has been very tight with far more buyers than sellers in the market. First time buyers, investors, builders, and relocation drove buyer demand. Similar market conditions will most likely persist throughout 2014 as well.
Many first time buyers in Redondo Beach CA purchase townhomes. Redondo Beach townhouses are lower priced than comparable units located on the westside of Los Angeles or even in the other Beach Cities such as Hermosa Beach and Manhattan Beach CA.
Builders are in a mad scramble for the remaining R2 and R3 lots. Throughout the later half of 2013 we've seen a lot of new construction activity with 3 on a lots now selling for around $800K and 2 on a lots closer to $1M or higher.
Investors are able to find everything from condos to SFRs that they can cash flow at attractive rates of return. Because it is less expensive to own many Redondo Beach homes than rent them, this is an attractive market for investors.
For those relocating from other parts of the US, the sticker shock in the other Beach Cities or even South Redondo Beach may simply be too great. The attraction of good schools, freeway access, proximity to beaches and work draws many who are new to the area to North Redondo Beach.