Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Fri Jun 21 2024
This week the median list price for Redondo Beach, CA 90277 is $2,688,000 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has increased to 19. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Redondo Beach, CA 90277

Fri Jun 21 2024
This week the median list price for Redondo Beach, CA 90277 is $2,688,000 with the market action index hovering around 61. This is an increase over last month's market action index of 57. Inventory has increased to 19. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,688,000
Median Price of New Listings $2,281,500
Per Square Foot $1,000
Average Days on Market 65
Median Days on Market 28
Price Decreased 32%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 61
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$4,212,500 4,808 6,500 - 8,000 sqft 5 5.5 25 0 0 45
$3,275,000 3,580 4,500 - 6,500 sqft 5 4 27 1 0 63
$2,500,000 2,552 6,500 - 8,000 sqft 4 3 65 1 1 49
$1,673,000 1,301 4,500 - 6,500 sqft 4 2 75 2 2 14