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 Jun 17 2019
This week the median list price for Redondo Beach, CA 90278 is $1,100,000 with the market action index hovering around 56. This is less than last month's market action index of 61. Inventory has held steady at or around 22. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Redondo Beach, CA 90278

Mon Jun 17 2019
This week the median list price for Redondo Beach, CA 90278 is $1,100,000 with the market action index hovering around 56. This is less than last month's market action index of 61. Inventory has held steady at or around 22. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,100,000
Per Square Foot $696
Days on Market 46
Price Decreased 32%
Price Increased 0%
Relisted 9%
Inventory 22
Median House Rent $4,500
Most Expensive $2,475,000
Least Expensive $799,000
Market Action Index
Strong Seller's Market
56

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

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
$1,599,000 2,258 0 - 4,500 sqft 4 3 0 0 0 25
$1,200,000 1,824 4,500 - 6,500 sqft 3 1 64 0 2 28
$982,000 1,449 0 - 4,500 sqft 3 1 62 2 0 61
$838,900 1,194 0 - 4,500 sqft 3 1 59 2 0 64