George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Thu Feb 27 2020
This week the median list price for Redondo Beach, CA 90277 is $2,169,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has held steady at or around 24. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Redondo Beach, CA 90277

Thu Feb 27 2020
This week the median list price for Redondo Beach, CA 90277 is $2,169,000 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has held steady at or around 24. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,169,000
Per Square Foot $824
Days on Market 79
Price Decreased 38%
Price Increased 0%
Relisted 17%
Inventory 24
Median Rent $4,550
Most Expensive $11,995,000
Least Expensive $999,000
Market Action 39
Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

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
$3,749,499 4,037 6,500 - 8,000 sqft 4 6 13 0 1 168
$2,447,000 3,693 4,500 - 6,500 sqft 4 4 16 1 0 51
$1,900,000 2,807 4,500 - 6,500 sqft 4 3 19 0 0 67
$1,374,000 1,589 6,500 - 8,000 sqft 3 2 68 3 3 29