|Sold in Redondo Beach Golden Hills | Buyer Represented by Ellis Posner|
The insatiable demand for homes in the Redondo Beach Golden Hills continues unabated with many new listings selling quickly with multiple offers over the asking price. And prices continue to go up simply based on supply and demand.
So far this year there have been 28 homes sold in the Golden Hills. Curiously there were only 15 sales Q1 and 13 so far this month. There are also 14 properties currently in escrow. So for April we most likely will exceed the previous 3 months combined.
Prices ranged from a low of $555K for land value of a small 1547 SqFt lot up to $1,699,000 for one of the nicest new construction SFRs I have seen in North Redondo Beach. In fact, 9 of 28 sales in the Golden Hills were over $1M this year. That's over 30% if you don't have a calculator handy.
The median sales price right now of closed escrows is $930,000 and the average sales price is $974,710. Seventeen homes sold at or above the asking price and eleven below the asking price. As with every time I do this analysis, the ones that go into escrow the first ten days or so will most likely get full price or higher.