Although the housing inventory has been low in Redondo Beach for almost 2 years now, the market for oceanfront Esplanade and ocean view Village condos is almost non-existent. Popular condo complexes such as The Village, the Seascape buildings, and various oceanfront buildings on the Esplanade are nowhere near the normal inventory levels. According to realtor Keith Kyle, “It’s really been months since there’s been anything new. There are currently a few places that have been on the market for some time now, but the few new listings, if priced anywhere near where they should be, disappear quickly.”
“These homes offer the iconic South Bay beach lifestyle and are are highly sought after, often by professionals that travel extensively, local retired or semi-retired people looking for that vacation beach feel, or those priced out of nearby townhomes and single family homes.”
The inventory has continued to drop to nearly a trickle with only 2 condos on the market as of this writing. Both are in the Seascape buildings behind King Harbor and the Redondo Pier area. The homes often offer the real feel of living on vacation as many have great views and some offer terrific amenities.