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  • North Redondo For Sale vs. Sold Aug 2012 – Jan 2013

    Posted on March 5th, 2013 acimetta No comments

    <iframe src=”http://post2web.trendgraphix.com/FactsAndTrends/Post2Web.aspx?FtId=22c74e07-ddee-4543-b9fd-549d95100924” width=”690″ height=”600″ frameborder=”no” scrolling=”auto”></iframe>

     

    In this graph you can see that inventory continues to dwindle. And in the past few months, the number of transactions that have closed actually out numbers the number of homes for sale. Buyers are desperate for properties. This could be a great time to put your home on the market, if you have been considering it. As I stated in an earlier post today, many properties are get multiple offers and the prices are being pushed up.

  • The Redondo Beach Market Continues to Rise

    Posted on March 5th, 2013 acimetta No comments

    Prices continue to go up in Redondo Beach. Case in point, 1625 Morgan Lane came on the market last week (brokered by KW). This is a 3 bedroom Tall & Skinny in the Golden Hills, close to Jefferson Elementary. It has been nicely remodeled. The kitchen has been redone, There are hardwood floors downstaris. And unlike most Tall & Skinnys, all the bedrooms are upstairs which is a huge selling point. The bathrooms were not remodeled, but are very clean. The biggest down side, in my opinion is that the living space (on the first floor) does not get much light. Anyway, it was priced at $759,000. In a few days, the seller had amassed 16 offers, going well over asking. I can reveal the final price once the property closes. This home is ultimately going to sell for more than it may even appraise at. However, the winning bidder may have removed the appraisal contingecny, eliminating this issue altogether.

    A few more examples are:

    1641 Ford Ave: Listed at $699,000. Sold at $720,000

    1517 Stanford Ave: Listed at $739,000. Sold at $769,000. This was my listing. I had 4 offers and the winning bidder was all cash, no appraisal contingency.

    1503 Stanford Ave: Listed at $759,000. Sold at $7990,000

    1610 Van Horne Lane: Listed at $825,000. Sold at $840,000.

    Buyers are being aggressive. If inventory continues to remain low, this marke could continue to rise. The question is are we creating another bubble?

  • 2210 Robinson St Redondo Beach – New Construction Coming

    Posted on March 5th, 2013 acimetta No comments

    The well recognized fencing has just gone up around the small 1967 built home at 2210 Robinson St in Redondo Beach. Just purchased for $505,000 which is, effectively, lot value, the owner/builder is going to tear it down and build a brand new single family home. This is a 5,000 sq. foot lot, zoned R-1. Redondo Beach will only allow a single family on this property which is largely the case up and down the south side of Robinson St. The north side of Robinson has larger lots and therefore town homes greatly populate this side of the street.
    Construction is scheduled to take approximately 7 months and the finished product should be ready by October 2013.

  • New Listing in Redondo Beach – 1615 Van Horne Lane

    Posted on February 28th, 2013 acimetta No comments

    Beautiful View of the mountains and LA from the Rooftop Deck!

    This single family just came on the market in Redondo Beach. It’s listed at $829,000. I previewed it this afternoon during Broker’s Open. It has a unique and fun layout although it might not be for everyone. It’s been nicely updated and gets great light. There’s a 700 sq. foot bonus room along with 3 bedrooms and 2.5 baths. It gets great city and mountain views from the rooftop deck. (Brokered by RE/MAX Estate Properties)

  • North Redondo Home Sales July – December 2012

    Posted on January 26th, 2013 acimetta No comments

  • North Redondo Beach Home Sales 2012 Year to Date

    Posted on June 19th, 2012 acimetta No comments

    Here’s some interesting stats for you (MLS-reported): So far in 2012 the highest sold single family in North Redondo was 2012 Robinson Street fro $1,230,000. It’s a 5 bedroom new construction with 3,300 + sq. feet. 1915 Graham, also new construction, sold for $1,200,000. 2525 Ralston, a 2006 build (4 bedroom with 3,400 sq. feet), sold for $1,140,000.

    For 4 bedroom town homes, the top seller new construction is 1914 Graham Ave, #A for $874,000. The rest of the new construction 4 bedroom town homes sold from $840,000-$866,000. A 2005 build at 2417 Marshallfield Lane, #A and a 1993 build at 1922 Havemeyer Lane are the only 4 bedroom town homes to exceed the $800,000 mark so far this year, selling at $835,000 and $812,000 respectively. The rest of the 4 bedrooms sold in the $700,000-$800,000 range with some exceptions in the high $600,000s. The 3 bedroom townhomes are predominantly in the $600,000-$700,000 with a few exceptions above $700,000.

  • New Construction in North Redondo

    Posted on June 5th, 2012 acimetta No comments

    We’re hearing it in the news: new construction is up. Home Builder Stocks and REITS are performing well on Wall Street. And we can see it with our own eyes. There has been a plethora of new town homes and single families being built in North Redondo. Some locations include 1903 Plant Ave, and the 1900 block of Robinson. An older home at 1906 Ernest was recently leveled and construction has started. Four new town homes were completed and sold recently at 1912 & 1914 Graham. New town homes on Rindge and Nelson are moving along. Builders and buyers are back in the market, and they’re both desperately looking for inventory.  The one stumbling block could be the dismal unemployment numbers that just came out. We’ll soon see if fear of job loss grips buyers and slows down the market’s rebound.  

  • 2023 Voorhees Ave in Redondo Beach Auctioned Off

    Posted on January 26th, 2012 acimetta No comments

    2023 Voorhees Avenue went to public auction (a trust sale) this past Saturday. It’s a 3 bedroom, 1 bath on an approximately 4,500 sq. foot lot with a detached garage. A fixer to say the least, but it’s in a great neighborhood. 25-35 people showed up but only 4-5 parties placed bids on the property. Listed on the MLS at $549,000, but there were no takers at this price. Bids started in the $300,000s and ultimately sold just under $400,000.

  • Charming Town Home in North Redondo

    Posted on June 21st, 2011 acimetta No comments

    window-seat.jpgI previewed a town home last week in North Redondo that I really liked. It’s in an 8 unit complex at 1917 Nelson Ave. It had a couple of nice features that made me slow down and pause in an otherwise fast paced, blurry afternoon of Brokers’ Opens. First, there was a window seat nestled between two large windows on the on the staircase landing between floors. It was such a lovely way to use the space. I could sit there and read for hours. Second, the master bedroom had a small alcove. The space was defined by the hardwood floors (the rest of the bedroom was carpeted) and again looked out to the greenery. The home turned small spaces into warm, inviting environments that make a house a home. (This listing is Brokered by RE/MAX Palos Verdes.) But I can still get you in to see it!

  • 1713 Wollacott Open House

    Posted on May 12th, 2011 acimetta No comments

    I will be holding 1713 Wollacott in Redondo Beach open this Saturday from 2 – 5 pm. It’s a 2 bedroom, 1 bath beach cottage. Come by and check it out!