George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90278

Sun Jul 21 2019
This week the median list price for Redondo Beach, CA 90278 is $1,247,000 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has held steady at or around 16. 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

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Redondo Beach, CA 90278

Sun Jul 21 2019
This week the median list price for Redondo Beach, CA 90278 is $1,247,000 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has held steady at or around 16. 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

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,247,000
Per Square Foot $690
Days on Market 52
Price Decreased 50%
Price Increased 6%
Relisted 6%
Inventory 16
Median House Rent $3,995
Most Expensive $2,499,000
Least Expensive $959,000
Market Action Index
Strong Seller's Market
64

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

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
$1,824,500 3,165 4,500 - 6,500 sqft 4 3 0 0 0 45
$1,429,000 2,067 0 - 4,500 sqft 3 2 49 0 2 35
$1,072,000 1,449 4,500 - 6,500 sqft 3 0 58 1 2 38
$987,000 1,181 0 - 4,500 sqft 3 0 63 0 4 89