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The only answer to this really depends on you. Some condos are priced really well and some aren't with just about everything in between. We are starting to see an increase in short sales and bank owned homes which is driving down prices on condos as well and as many condos along the Esplanade and in the Village, were second homes they've been hit the hardest so there are definitely opportunities.
Having said all that you really need to ask yourself what your reasons are for wanting to buy a condo and what your real goal is. If it's something you are planning to make into your long-term home then it is a good time as there are condos that are deeply discounted. If you are really looking for a short term way of getting into the market in the hopes of "trading up" to a townhome or single family in the next few years, you may want to wait a while.
Regardless of your timing....best of luck as Redondo is a great place to live.
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