Redondo Beach, California is one of the three beach towns in the South Bay of Los Angeles commonly referred to as “The Beach Cities.” The coastal location offers many residences with stunning ocean views. The ability to walk out your door and feel the sand beneath your toes is a reality for many Redondo Beach residents. The pull of living the coastal lifestyle attracts many buyers to the area.
When it comes to luxury homes in Redondo Beach most are located in the coastal zone close to the water. There are currently seven Redondo Beach luxury homes priced at or above $3,000,000 for sale. There are currently no Redondo Beach luxury properties in escrow, nor were any sales recorded in the price range. However, four homes priced at or above $2,000,000 sold in Redondo Beach during the month of October 2015.
The local luxury home real estate market in the Beach Cities of Manhattan, Hermosa and Redondo is now in a neutral zone, favoring neither sellers nor buyers. With interest rates still near historical lows, the end of the year may present some of the best opportunities for high-end buyers for some time to come. Once interest rates begin their inevitable climb upward, purchasing power will diminish accordingly.
Contact Charlemagne Int’l Properties for help in finding the right Beach Cities luxury property for you. 310.493.8333.
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