George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

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Redondo Beach, CA 90278

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. 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

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 90278

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. 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

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 $1,232,000
Per Square Foot $650
Days on Market 59
Price Decreased 13%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent $4,395
Most Expensive $1,850,000
Least Expensive $888,000
Market Action 53
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.

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
$1,700,000 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