There has been a recent increase in prices for 4 bedrooms in North Redondo. Two-on-a-lot town homes built within the last 6 years have returned to prices in the mid to low $800,000s. However, 3 bedrooms in the same market have continued to languish in the mid $600,000s. Their climb has been much slower with more stumbling blocks. But in general, there are plenty of buyers out there who are ready to buy. When the right inventory comes along, we are seeing multiple offers.
2007 Marshallfield, #B in North Redondo is a 2005 built town home that is priced at $699,900. It’s a short sale so they have priced it aggressively. This property has the potential to be a steal. It sold in 2005 for $989,000 and The going rate for similar town homes in the area is