Pango Group
Redondo Beach, CA 90277
Single-Family Homes
www.pangogroup.com
Redondo Beach, CA 90277
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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $3,197,000 | |
| Per Square Foot | $758 | |
| Days on Market | 14 | |
| Price Decreased | 29% | |
| Price Increased | 7% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | $4,800 | |
| Most Expensive | $22,995,000 | |
| Least Expensive | $1,199,000 | |
| Market Action | 60 | |
| 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.
Market Segments
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 |