Homes for Sale in North Redondo Beach CA: Is $1M the "New Normal"?

New Construction Redondo Beach Golden Hills
No sooner had I typed the title of this blog post than I thought maybe I should reconsider and make that $1.2M. That's how fast prices are going up. And, all things considered, even at that price point these properties may still be good deals for the very simple reason that you get so much more for your money than in Manhattan Beach, Hermosa Beach or the Westside. Quality of life, proximity to freeways, shopping, beach, entertainment and out great laid back Beach Cities lifestyle!

But enough of that, back to housing prices.

Right now we're seeing the 3000+ sq ft SFRs with 4-5 bedrooms on 5000-7500 sq ft lots priced at around $1.5M. Move the same house to South Redondo and add at least $250K (and 20 minutes to your commute) or take it to Manhattan Beach and you are looking at $3M-$5M. And what's the difference between let's say the 1700 block of East Manhattan and MLS Area 151 in North Redondo Beach? The other side of aviation for a savings of 50%. Sign me up.

Many of these 3000+ sq ft houses are also found in the "El Nido" neighborhood which I have been forecasting will soon take off in price as it has been undervalued. Like the prior analogy, place the same house across 190th in 90277 and the price point is higher. Sometimes much higher.

Speaking of the "New Normal", prices in Golden Hills are continuing their upward spike with the new Casner construction on Reed poised to (justifiably) scale new highs. Pictured above is a new Tall and Skinny that just hit the market priced at $1,429,000 which (for those keeping score at home) is $567 a sq ft. While that might seem like a very high price for a tall and skinny, not really. I previewed the property last week and it is absolutely gorgeous with all the bells and whistles (and then some) you expect from Casner Construction. The house sits on one of my favorite stretches of Reed with an oversize (for Golden Hills) 2875 sq ft street to street lot meaning the back gate opens on the Ford with no houses behind and western exposure in the back yard. This house also boasts one of my favorite floor plans and other exceptional features.

As with most Tall and Skinny houses, there are 2 bedrooms downstairs and the main living area including the kitchen, dining room, living room and master bedroom on the second level. This home features 2 of my favorite variations, a loft on the third level that opens to a roof level deck. Because of how the loft sits above the living room it creates a two story high ceiling that is flooded with lot. With the oversize lot and extra living level, this house is 2520 sq ft which is huge for the neighborhood. Reed is also far enough west to easily bike to the beach or for the heartier walk or jog.

New Casner Construction Golden Hills Redondo Beach CA
FYI, I am currently seeing homes in the "Triangle" section of Golden Hills (adjacent to Manhattan and Hermosa Beach) bringing quite a premium (ie my sale at 1748 Dixon).

Listed by South Bay Brokers. MLS SB15089753.