George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90278

Fri Aug 23 2019
This week the median list price for Redondo Beach, CA 90278 is $1,180,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has held steady at or around 27. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redondo Beach, CA 90278

Fri Aug 23 2019
This week the median list price for Redondo Beach, CA 90278 is $1,180,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has held steady at or around 27. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,180,000
Per Square Foot $659
Days on Market 35
Price Decreased 26%
Price Increased 4%
Relisted 11%
Inventory 27
Median House Rent $3,800
Most Expensive $2,399,000
Least Expensive $825,000
Market Action Index
Strong Seller's Market
59

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

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
$1,662,000 2,594 0 - 4,500 sqft 4 3 22 2 0 36
$1,275,000 1,950 4,500 - 6,500 sqft 3 2 64 2 1 18
$1,149,000 1,600 4,500 - 6,500 sqft 3 1 56 2 2 55
$890,000 1,051 4,500 - 6,500 sqft 3 0 67 2 1 34