Ellis Posner

Redondo Beach, CA 90278

Single-Family Homes

ellisposner.com



Redondo Beach, CA 90278

Mon Jun 17 2019
This week the median list price for Redondo Beach, CA 90278 is $1,199,500 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 20. 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 $1,199,500 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 20. 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 $1,199,500
Per Square Foot $696
Days on Market 46
Price Decreased 30%
Price Increased 0%
Relisted 10%
Inventory 20
Median House Rent $3,350
Most Expensive $2,525,000
Least Expensive $799,000
Market Action Index
Strong Seller's Market
61

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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 18
$1,375,000 1,950 4,500 - 6,500 sqft 4 1 64 3 3 16
$1,145,000 1,558 0 - 4,500 sqft 3 0 57 2 2 58
$842,900 1,233 0 - 4,500 sqft 3 0 57 1 1 91