Beate Kirmse's Market Report

Redondo Beach, CA

Single-Family Homes

eXp Realty | + 1 (310) 303 4411 | kirmsehomes@gmail.com



Redondo Beach, CA

Fri Jul 10 2020
This week the median list price for Redondo Beach, CA is $2,037,000 with the market action index hovering around 50. This is an increase over last month's market action index of 44. Inventory has held steady at or around 46. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Redondo Beach, CA

Fri Jul 10 2020
This week the median list price for Redondo Beach, CA is $2,037,000 with the market action index hovering around 50. This is an increase over last month's market action index of 44. Inventory has held steady at or around 46. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,037,000
Per Square Foot $783
Days on Market 89
Price Decreased 24%
Price Increased 2%
Relisted 4%
Inventory 46
Median Rent $4,995
Most Expensive $12,000,000
Least Expensive $799,000
Market Action 50
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$3,695,000 3,721 6,500 - 8,000 sqft 5 5 44 2 0 124
$2,350,000 3,017 6,500 - 8,000 sqft 4 4 30 2 3 75
$1,562,500 2,039 4,500 - 6,500 sqft 3 3 56 3 6 98
$1,009,950 1,199 4,500 - 6,500 sqft 3 1 69 3 4 58