George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90278

Mon Nov 11 2019
This week the median list price for Redondo Beach, CA 90278 is $1,299,000 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has held steady at or around 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redondo Beach, CA 90278

Mon Nov 11 2019
This week the median list price for Redondo Beach, CA 90278 is $1,299,000 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has held steady at or around 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,299,000
Per Square Foot $628
Days on Market 72
Price Decreased 54%
Price Increased 0%
Relisted 15%
Inventory 13
Median House Rent $4,000
Most Expensive $2,349,000
Least Expensive $799,000
Market Action Index
Strong Seller's Market
62

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$1,869,000 4,073 6,500 - 8,000 sqft 5 4 11 0 0 114
$1,549,000 2,600 0 - 4,500 sqft 4 3 12 0 1 32
$1,250,000 1,950 0 - 4,500 sqft 4 1 45 1 4 123
$955,000 855 4,500 - 6,500 sqft 2 0 73 1 3 31