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. Click here to stay informed with the Redondo Beach market!

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.

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. Click here to stay informed with the Redondo Beach market!

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

Never miss important changes in the Redondo Beach market.
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