Detached Townhouse Prices Are On the Rise Again

You can blame me. Quite possibly I'm the culprit behind the recent and continued run up in home prices in North Redondo Beach. I've been posting on this site and others for quite a while that I think some of the best housing deals in any coastal community right now are detached 2 on a lot North Redondo Beach townhomes. Particularly the newer post 2000 properties. basically, as long as you don't mind sharing a driveway with your neighbor, you have an almost brand new home, make that a 4 bedroom 2000 sq ft plus mansion for the price of a Westside condo. Really.

Here's some of the latest examples of what has hit the market this week and what's in escrow (MLS status pending or backup).

2402 Rindge Lane, Redondo Beach CA 90278, (pictured above) MLS Area 151 (North of Artesia Blvd). This is a Mediterranean 4 bedroom 2.5 bath, 2260 sq ft 2 on a lot with no common driveway and totally freestanding (still the gold standard) listed by Coldwell Banker for $969,000. MLS 14746325. Open Sat-Sun Mar 29030th 2014 from 2PM to 5PM. (Hey, it's a Westside Agent, not out hours.)

"This home features open floor plan w/only the highest level of finishes. Upon entering, you will find an inviting living room, dining room and designer powder room w/gleaming, brand new hardwood floors, custom paint, upgraded lighting and crown molding and Ralph Lauren window treatments. The gourmet kitchen boasts stainless appliances, granite counters and custom cabinets, The kitchen/family room spills out onto a lush side yard - perfect for kids and entertaining. On the second floor you will find 4 bedrooms and full size laundry room. The master suite features a walk in closet, fireplace and luxurious Carrera marble spa bathroom w/an oversized shower and soaking tub. The three additional bedrooms feature custom closets, vaulted ceilings and decorator paint and share a bathroom with custom tile and paint." Wow.

Also new on the market this week in North Redondo Beach and at a slightly lower price point is 2003 Dufour Unit A. Also in the highly desirable MLS Area 151 this traditional detached 2 on a lot (one behind the other, common driveway) was built in 2004 and features 4 bedroom 2.5 baths and is 2293 sq ft. It is priced at $920,000. and will be open this weekend from 1 - 4 PM our usual open house hours.

"This Mediterranean beauty is move in ready. Escape to the master suite complete with fireplace, walk-in closet, extra sitting area and ensuite bath that includes dual sinks and a oversized tub. Kitchen features stainless steel appliances, granite counter tops and alder cabinetry. Dining area leads to the lush back yard and family room. All bedrooms are upstairs and feature generous sized closets. Skylight, window shutters, upstairs laundry room and two car garage to name a few more amazing features this home offers. Walking distance to Traders Joes, Redondo Performing Arts Center, and Polliwog Park. Approx. 5 minute drive to the beach, the 405 freeway and the Manhattan Village Shopping center and all within the Amazing Redondo Unified School District." MLS SB14059885. Listing Broker RE/MAX Estate Properties. Based on some recent activity this one may even sell for higher.

So, are these selling at these prices? Simply put, yes. 1718 Harriman Lane Unit A was listed for $969,000 and is in escrow. 2007 Marshallfield Lane Unit A (REO) listed for $899K and in escrow (I believe for higher). 2517 Huntington Ln Unit A listed for $899K, in escrow (with multiple offers and higher). I think you can get the drift for now.

With new construction 3 on a lot townhomes selling in the $800's, and Golden Hills Tall & Skinnies doing the same, these trends will only serve to raise the selling price point of any 4 bedroom in 90278. Great time to be a seller. For buyers, fortunately interest rates are still low.