Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Tue Jul 14 2020
This week the median list price for Redondo Beach, CA 90277 is $2,350,000 with the market action index hovering around 43. This is less than last month's market action index of 44. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Redondo Beach, CA 90277

Tue Jul 14 2020
This week the median list price for Redondo Beach, CA 90277 is $2,350,000 with the market action index hovering around 43. This is less than last month's market action index of 44. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,350,000
Per Square Foot $793
Days on Market 87
Price Decreased 30%
Price Increased 3%
Relisted 6%
Inventory 33
Median Rent $5,248
Most Expensive $12,000,000
Least Expensive $799,000
Market Action 43
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$3,620,000 4,002 0.25 - 0.5 acre 5 5 46 0 1 115
$2,512,500 3,353 6,500 - 8,000 sqft 4 4 47 1 0 45
$2,175,000 2,994 4,500 - 6,500 sqft 4 4 35 1 0 104
$1,449,000 1,529 4,500 - 6,500 sqft 3 2 72 2 1 82