George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Sun Aug 01 2021
This week the median list price for Redondo Beach, CA 90277 is $2,390,000 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has decreased to 18. 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.

Strong Seller's Market

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

Sun Aug 01 2021
This week the median list price for Redondo Beach, CA 90277 is $2,390,000 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has decreased to 18. 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.

Strong Seller's Market

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 $2,390,000
Median Price of New Listings $1,799,000
Per Square Foot $921
Average Days on Market 64
Median Days on Market 35
Price Decreased 22%
Price Increased 6%
Relisted 11%
Inventory 18
Median Rent $3,800
Market Action 60
Strong Seller's Market

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.

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
$3,297,500 3,793 8,000 - 10,000 sqft 4 5 19 1 2 70
$2,896,500 3,121 4,500 - 6,500 sqft 4 4 11 0 1 119
$1,999,000 2,950 4,500 - 6,500 sqft 4 3 69 2 1 7
$1,198,000 1,140 0 - 4,500 sqft 3 1 101 2 0 42