Redondo Beach Real Estate: Top Agents are Listing and Selling Homes

Ellis Posner 3 on a lot listing Carnegie Lane
I've heard some buyers say that they think the market is slowing down. Well maybe, but not for me (thankfully) and lots of other active Redondo Beach Real Estate Agents. My four current Redondo Beach listings are in escrow and 3 of them sold either before they hit the MLS or within one week of being on the market. These were all great properties and my clients listened to my advice as to how to best present their homes for sale and how to price.

As for everyone else, well there were 11 new listings, down a little from the last few weeks, 12 pendings and 14 homes closed escrow. There's no doubt that inventory is creeping up but so are the price points. I have one 3 on a lot listing in escrow that will sell for slightly more than $800K (pictured) and a 2 on a lot  selling for over $1,000,000. In fact, one of the major surprises to me about recent sales is that we are now seeing consistent activity in million dollar plus homes in North Redondo Beach and those two thoughts were never in the same sentence previously.

Just in September alone there have been 9 closed sales in North Redondo Beach of homes above $1M with the highest being at $1.350M. Four of the sales have been detached townhouses and 5 are single family homes. Five of the sales are in MLS Area 151 North of Artesia Blvd, 3 in MLS Area 152 and one in Area 153 "El Nido". Three of the sales were five bedroom homes and 3 were over 3000 square feet. Six of the properties were built since 2000. So, you kind of see where this is going: newer, larger closer to Manhattan Beach, you are most likely really in the money.

North Redondo Beach Luxury Home Sales $1M Plus
What's driving this is that, as I have stated multiple times previously, North Redondo Beach has historically been one of the best values in coastal Los Angeles County. The combination of the proximity to jobs, freeways, beaches, and the (mostly) excellent schools, and other amenities make this a great choice for home buyers.

Speaking of price escalation, the 3 on a lot that I sold for over $800K is a newer, larger, Casner Construction, 4 bedroom which is what brought the premium price. For my fellow Redondo Beach Realtors, here's an observation and thought. With the recent price escalation I have definitely seen more West Side and closer to home Manhattan Beach agents being active in our neighborhood. Hopefully Buyers and Sellers recognize that we are still the local experts.

Do I hear $1.5M in North Redondo Beach anyone?

Redondo Beach High End Luxury Townhome for Sale - Listed by Ellis Posner
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