Sat Feb 27 2021
This week the median list price for Redondo Beach, CA 90277 is $3,197,000 with the market action index hovering around 60. This is an increase over last month's market action index of 51. Inventory has held steady at or around 14.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,197,000|
|Per Square Foot||$758|
|Days on Market||14|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$22,995,000||15,728||1 - 2.5 acres||10||15||16||0||0||14|
|$4,199,000||5,606||8,000 - 10,000 sqft||6||7||16||1||1||7|
|$2,945,000||3,788||6,500 - 8,000 sqft||5||4||19||0||0||17|
|$1,725,000||2,368||4,500 - 6,500 sqft||4||3||57||2||3||3|