One Bedroom Condos in the Village a Good Market Indicator
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
The one bedroom one bath oceanview condos of The Village in south Redondo Beach serve as a great indicator of the overall Redondo real estate market as, unlike most beach property, the units are all the exact same size and configuration.The difference in ocean views has a considerable impact as well as the floor it's on, but in general the units are all comparable.The changes in year over year make for a good indication as to what the market has done and where it's headed. As you can see from the charts below prices held relatively steady for years, but increased considerably in 2021 and early 2022.Median 1 bedroom condo prices in The Village Redondo Beach: 2022 - $760,000 2021 - $692,500 2020 - $615,000 2019 - $623,000 2018 - $640,000 2017 - $615,000 2016 - $552,500 View the current ...
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