The Golden Hills section of Redondo Beach is essentially bounded by Prospect Avenue to the west, Artesia Blvd. to the north, and Aviation Blvd. to the east and then south. Homes in this area are typically about 1,700 sq ft in size on average and sit on lots that average having 2,700 to 2,900 sq ft. Home values here have followed a pattern very similar to the greater South Bay area in general over the last several years.
In 2001, a home could be bought for just over $400 K on average. This number climbed steadily until it hit $800 K in 2005. It stayed at that level through 2007 before dropping to $730 K in 2008. This year-to-date the average sales price has been just under $690 K. Sales volume peaked in 2002 and has been dropping since. At the peak, there were 166 single family homes sold. In 2008, this number had declined to 72 homes. In 2009 there have already been 53 sales and there are 15 homes in escrow with pending sales. Continue reading ‘Home Sales Trends For the Golden Hills Section of Redondo Beach’ »