George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

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Redondo Beach, CA 90277

Sun Aug 18 2019
This week the median list price for Redondo Beach, CA 90277 is $1,895,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has held steady at or around 39. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Redondo Beach, CA 90277

Sun Aug 18 2019
This week the median list price for Redondo Beach, CA 90277 is $1,895,000 with the market action index hovering around 42. This is less than last month's market action index of 46. Inventory has held steady at or around 39. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,895,000
Per Square Foot $779
Days on Market 91
Price Decreased 54%
Price Increased 5%
Relisted 13%
Inventory 39
Median House Rent $4,787
Most Expensive $14,995,000
Least Expensive $899,950
Market Action Index
Slight Seller's Advantage
42

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

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
$3,394,000 5,261 6,500 - 8,000 sqft 5 5 14 0 0 171
$2,359,000 3,270 4,500 - 6,500 sqft 5 3 20 1 0 119
$1,722,500 2,398 6,500 - 8,000 sqft 4 1 65 2 2 44
$1,294,500 1,450 4,500 - 6,500 sqft 3 1 65 3 1 39