Tue Aug 11 2020
This week the median list price for Redondo Beach, CA 90278 is $1,262,500 with the market action index hovering around 70. This is an increase over last month's market action index of 63. Inventory has held steady at or around 22.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,262,500|
|Per Square Foot||$759|
|Days on Market||50|
|Strong Seller's Market|
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,675,000||2,204||4,500 - 6,500 sqft||4||3||22||1||0||127|
|$1,329,000||1,786||0 - 4,500 sqft||3||3||56||3||0||14|
|$1,242,000||1,619||0 - 4,500 sqft||3||2||64||2||0||11|
|$994,000||1,132||4,500 - 6,500 sqft||2||1||67||3||0||54|