Redondo Beach Golden Hills Houses for Sale

1107 Stanford Ave - I'm representing the Buyers
So as I always say to start these posts off, Redondo Beach Golden Hills Tall and Skinny Single Family Houses (SFRs) remain in high demand with multiple buyers for almost every MLS listing. Why? Location and schools.

The Golden Hills Neighborhood is serviced by two great Elementary Schools, Jefferson and Birney (depending on where in the Golden Hills you live). Many of the houses are located within (long) walking distance or (easy) biking to the beach and most of the neighborhood is as far west as you can get in North Redondo Beach before you are in Hermosa. In fact, as you drive down some stretches of Harper you can see the Hermosa Beach - Redondo Beach border in the roadway (different pavement). Some of the houses in the "Golden Triangle" area are just south of Manhattan Beach and that adds desirability for many buyers as well.

If you are not familiar with the Golden Hills neighborhood of North Redondo Beach, we are talking about the streets south of Artesia down to 190th, and on either just east or west of Aviation (for the most part). Think of Stanford, Goodman, Steinhart, Dixon, Ford, etc.

As of the beginning of the end of June 2014, here's what's for sale:

MLS Area 154 Houses for Sale June 2014
Yes, the 4th picture down is at an angle. Maybe the listing agent knows something I don't and this is the new preferred way to market homes. (There are also a few condos for sale in the Golden Hills but this post is focusing on "houses" only.)

Redondo Beach 19080's Tall & Skinny SFR
Of the available listings and prices, my "pick" would be 1811 Goodman (which I have previewed 2X). Okay its my current pick but I would like it a little better for a few dollars less even though it has had the price reduced once already from $859,000. As of this blog post, it has only been on the market for 20 days.

The reason I'm picking this one is because it is what I consider "Standard Product" for the area and the location is good. By standard product what I'm referring to is your classical 1880 sq ft reverse floorplan house with 2 bedrooms downstairs, master, living room, dining room and kitchen upstairs with a high soaring cathedral ceiling. Everyone gets what those are and the design really isn't changing anytime soon.

As for location, 1811 Goodman offers good parking with no homes across the street because that wide open ravine area sits there just south of Artesia Blvd and Manhattan Beach Mira Costa High School.

I just put a very similar Tall and Skinny SFR into escrow representing the Buyers at 1107 Stanford Ave. (pictured above) That property was listed for $879,000. There were multiple offers but I was able to get it for my clients none the less. Here's how the listing agent described that property in the MLS:

"Immaculate home located in the desirable Golden Hills with city and mountain views. Walk to AWARD winning Jefferson Elementary from this quiet street. The high ceilings and extra large balcony make this great room/living room feel huge and extra bright with tons of sunlight from the eastern exposure. The hardwood floors in the kitchen and master bedroom are impeccable and give the home a nice craftsman beach feel. The master suite is upstairs on the main level and has its own private balcony with a spa! In addition, the master suite has a large walk in closet and bath with a separate vanity area. Downstairs there are 2 more bedrooms and a bathroom with a private enclosed back yard perfect for kids or entertaining. Don't miss this home located close to the beach, schools, shopping and freeways."

Wood Cathedral Ceilings
Truth be told, we had the home inspection this last Saturday and it is in pretty immaculate condition except for a few small things typical of most homes in the area.

In addition to 1107 Stanford, there are 12 other Golden Hills Single Family Houses for Sale that are currently in Escrow (MLS status "backup" or "pending"). That means there is only 2 weeks of inventory on hand. Talk about a Seller's market!

So, with this much demand, how come the other homes for sale in the Golden Hills haven't sold? Excellent question. Price, as in too high, or just non conforming floor plans or undesirable customization.

So, let's see what comes on the market this week and what closes escrow.