One Bedroom Condos in the Village a Good Market Indicator

By
Real Estate Agent with Vista Sotheby's International 01712785

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 oceanview condos for sale in The Village Redondo Beach

2022

As of September 14th 2022, there have been 5 one bedroom condos sold at a median price of $760,000 and an average price of $739,900.  That averaged out to around $1195 a square foot for the year.

  Address Price $/ Sq Ft
650 The Village #114 $684,500 $1,105.82
630 The Village #112 $805,000 $1,300.48
620 The Village #105 $650,000 $1,050.08
620 The Village #212 $760,000 $1,227.79
620 The Village #312 $800,000 $1,292.41

2021

In 2021 8 one bedroom condos sold at a median price of $692,500 and an average price of $690,375.  That averaged out to around $1115 a square foot for the year.

  Address Price $/Sq Foot
660 The Village #109 $675,000 $1,090.47
630 The Village #312 $700,000 $1,130.86
650 The Village #208 $685,000 $1,106.62
660 The Village #112 $629,000 $1,016.16
660 The Village #306 $705,000 $1,138.93
660 The Village #108 $637,000 $1,029.08
640 The Village #304 $752,000 $1,214.86
650 The Village #203 $740,000 $1,195.48

2020

In 2020 8 one bedroom condos sold at a median price of $615,000 and an average price of $617,688.  That averaged out to around $998 a square foot for the year.

  Address Price $/Sq Foot
660 The Village #115 $575,000 $928.92
630 The Village #105 $585,000 $945.07
610 The Village #203 $595,000 $961.23
640 The Village #212 $600,000 $969.31
620 The Village #112 $630,000 $1,017.77
630 The Village #210 $649,500 $1,049.27
650 The Village #303 $652,000 $1,053.31
660 The Village #309 #309 $655,000 $1,058.16

2019

In 2019 9 one bedroom condos sold at a median price of $623,000 and an average price of $615,806.  That averaged out to around $995 a square foot for the year.

  Address Price $/Sq Foot
620 The Village #107 $575,000 $928.92
640 The Village #105 $579,000 $935.38
620 The Village #115 $607,500 $981.42
610 The Village #305 $610,000 $985.46
630 The Village #110 $623,000 $1,006.46
660 The Village #107 #107 $624,000 $1,008.08
610 The Village #304 $633,750 $1,023.83
630 The Village #208 $640,000 $1,033.93
660 The Village #211 $650,000 $1,050.08

2018

2018 saw  9 one bedroom condos sold at a median price of $640,000 and an average price of $637,000.  That averaged out to around $1,029 a square foot for the year.

  Address Price $/Sqft
650 The Village #211 $ 600,000 969
610 The Village #311 $ 645,000 1042
610 The Village #315 $ 630,000 1018
620 The Village #108 $ 610,000 985
650 The Village #108 $ 655,000 1058

2017

In 2017 8 one bedroom condos sold at a median price of $615,000 and an average price of $621,000.  That averaged out to around $993 a square foot for the year.

  Address Price $/Sqft
650 The Village #214 $ 590,000 953
630 The Village #311 $ 615,000 994
620 The Village #107 $ 615,000 994
660 The Village #108 $ 594,000 960
630 The Village #211 $ 635,000 1026
610 The Village #311 $ 670,000 1082
650 The Village #212 $ 650,000 1050
630 The Village #210 $ 599,000 968

2016

In 2016 10 one bedroom condos sold at a median price of $552,550 and an average price of $557,800.  That averaged out to around $900 a square foot for the year.

  Address Price $/Sqft
650 The Village #210 $ 545,000 880
630 The Village #207 $ 550,000 889
660 The Village #309 $ 600,500 970
650 The Village #104 $ 520,000 840
640 The Village #312 $ 590,000 953
630 The Village #109 $ 520,000 840
660 The Village #310 $ 570,000 921
620 The Village #206 $ 545,000 880
630 The Village #204 $ 555,000 897
630 The Village #115 $ 582,500 941

Comments (2)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Home buyers and sellers are sure to value your real estate market report, Keith.

Sep 14, 2022 11:51 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Hi,

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Thanks Bill

Sep 15, 2022 12:55 PM