George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Mon Nov 18 2019
This week the median list price for Redondo Beach, CA 90277 is $1,899,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 31. 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 18 2019
This week the median list price for Redondo Beach, CA 90277 is $1,899,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 31. 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 $1,899,000
Per Square Foot $798
Days on Market 76
Price Decreased 39%
Price Increased 0%
Relisted 10%
Inventory 31
Median Rent $4,500
Most Expensive $11,995,000
Least Expensive $1,278,000
Market Action 42
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.

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
$3,550,000 4,323 0.25 - 0.5 acre 4 5 47 0 0 133
$2,149,500 3,222 4,500 - 6,500 sqft 4 2 64 0 0 65
$1,697,000 2,564 4,500 - 6,500 sqft 4 2 64 0 2 70
$1,299,495 1,600 4,500 - 6,500 sqft 3 1 61 1 1 42