Fri Feb 28 2020
This week the median list price for Redondo Beach, CA 90278 is $1,232,000 with the market action index hovering around 53. This is less than last month's market action index of 61. Inventory has held steady at or around 8.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,232,000|
|Per Square Foot||$650|
|Days on Market||59|
|Strong Seller's Market|
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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,700,000||2,163||4,500 - 6,500 sqft||3||2||47||0||1||91|
|$1,277,500||1,987||0 - 4,500 sqft||3||2||53||0||1||21|
|$1,144,000||1,633||0 - 4,500 sqft||3||2||44||1||2||7|
|$901,500||967||4,500 - 6,500 sqft||2||1||74||0||2||115|