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 Jun 05 2023
This week the median list price for Redondo Beach, CA 90277 is $3,449,000 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has decreased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $3,449,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,008 | |
| Average Days on Market | 122 | |
| Median Days on Market | 63 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 60 | |
| Strong Seller's Market | ||
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $18,900,000 | 15,728 | 1 - 2.5 acres | 10 | 15 | 18 | 0 | 0 | 378 |
| $5,245,000 | 3,097 | 8,000 - 10,000 sqft | 4 | 4.5 | 47 | 0 | 1 | 28 |
| $3,422,000 | 3,607 | 4,500 - 6,500 sqft | 4 | 4.5 | 16 | 0 | 0 | 63 |
| $2,598,000 | 2,624 | 6,500 - 8,000 sqft | 4 | 3.3 | 46 | 0 | 2 | 147 |