Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Mon Nov 11 2019
This week the median list price for Redondo Beach, CA 90277 is $1,859,000 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 33. 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.

Slight Seller's Advantage

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 90277

Mon Nov 11 2019
This week the median list price for Redondo Beach, CA 90277 is $1,859,000 with the market action index hovering around 42. This is an increase over last month's market action index of 38. Inventory has held steady at or around 33. 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.

Slight Seller's Advantage

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 $1,859,000
Per Square Foot $806
Days on Market 71
Price Decreased 30%
Price Increased 0%
Relisted 9%
Inventory 33
Median House Rent $4,500
Most Expensive $11,995,000
Least Expensive $1,278,000
Market Action Index
Slight Seller's Advantage
42

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,424,500 3,808 0.25 - 0.5 acre 4 4 55 0 1 115
$2,049,000 3,102 4,500 - 6,500 sqft 4 2 62 0 3 55
$1,698,500 2,298 4,500 - 6,500 sqft 4 1 64 2 1 78
$1,299,990 1,626 4,500 - 6,500 sqft 3 1 67 3 4 38