Beate Kirmse's Market Report

Redondo Beach, CA 90277

Single-Family Homes

eXp Realty | + 1 (310) 303 4411 | kirmsehomes@gmail.com



Redondo Beach, CA 90277

Tue Aug 11 2020
This week the median list price for Redondo Beach, CA 90277 is $2,149,500 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 30. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Redondo Beach, CA 90277

Tue Aug 11 2020
This week the median list price for Redondo Beach, CA 90277 is $2,149,500 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 30. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,149,500
Per Square Foot $800
Days on Market 85
Price Decreased 27%
Price Increased 3%
Relisted 3%
Inventory 30
Median Rent $4,448
Most Expensive $12,000,000
Least Expensive $899,000
Market Action 44
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$3,695,000 4,282 8,000 - 10,000 sqft 6 6 26 1 2 136
$2,399,000 3,083 6,500 - 8,000 sqft 4 3 66 0 2 33
$2,049,500 2,841 4,500 - 6,500 sqft 4 4 53 2 1 104
$1,350,000 1,719 4,500 - 6,500 sqft 3 2 67 4 5 67