Pango Group

Redondo Beach, CA 90278

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90278

Fri Dec 14 2018
This week the median list price for Redondo Beach, CA 90278 is $1,099,000 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has held steady at or around 17. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Dec 14 2018
This week the median list price for Redondo Beach, CA 90278 is $1,099,000 with the market action index hovering around 60. This is less than last month's market action index of 62. Inventory has held steady at or around 17. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,099,000
Per Square Foot $668
Days on Market 60
Price Decreased 41%
Price Increased 0%
Relisted 0%
Inventory 17
Median House Rent $4,098
Most Expensive $1,799,000
Least Expensive $850,000
Market Action Index
Strong Seller's Market
60

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,594,500 2,600 4,500 - 6,500 sqft 3 3 0 0 0 75
$1,349,000 2,121 0 - 4,500 sqft 4 2 34 0 0 103
$1,062,500 1,294 4,500 - 6,500 sqft 3 1 58 1 1 22
$889,000 1,308 0 - 4,500 sqft 3 1 48 1 2 46