Sun Jan 29 2023
This week the median list price for Redondo Beach, CA 90277 is $3,199,000 with the market action index hovering around 48. This is less than last month's market action index of 58. Inventory has held steady at or around 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,199,000|
|Median Price of New Listings||$1,950,000|
|Per Square Foot||$1,036|
|Average Days on Market||88|
|Median Days on Market||49|
|Strong Seller's Market|
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$19,995,000||15,728||1 - 2.5 acres||10||15||18||0||0||245|
|$3,693,750||4,043||6,500 - 8,000 sqft||5||5.5||10||0||0||77|
|$2,749,000||2,999||4,500 - 6,500 sqft||4||3.5||46||0||0||84|
|$1,774,500||1,524||4,500 - 6,500 sqft||3||2||67||1||0||24|