Pango Group

Redondo Beach, CA 90278

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90278

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. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redondo Beach, CA 90278

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. 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.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,262,500
Per Square Foot $759
Days on Market 50
Price Decreased 5%
Price Increased 0%
Relisted 0%
Inventory 22
Median Rent $3,800
Most Expensive $1,850,000
Least Expensive $799,000
Market Action 70
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.

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
$1,675,000 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