Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Fri Dec 14 2018
This week the median list price for Redondo Beach, CA 90277 is $2,049,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has held steady at or around 36. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Redondo Beach, CA 90277

Fri Dec 14 2018
This week the median list price for Redondo Beach, CA 90277 is $2,049,500 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has held steady at or around 36. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,049,500
Per Square Foot $790
Days on Market 95
Price Decreased 53%
Price Increased 3%
Relisted 6%
Inventory 36
Median House Rent $4,200
Most Expensive $14,900,000
Least Expensive $900,000
Market Action Index
Slight Seller's Advantage
37

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,295,000 4,200 6,500 - 8,000 sqft 5 5 5 0 0 147
$2,398,000 3,054 6,500 - 8,000 sqft 4 2 61 3 0 91
$1,499,000 2,560 6,500 - 8,000 sqft 4 2 66 1 2 90
$965,000 882 4,500 - 6,500 sqft 2 0 66 1 1 51