Ellis Posner

Redondo Beach, CA 90278

Single-Family Homes

ellisposner.com



Redondo Beach, CA 90278

Sat Aug 17 2019
This week the median list price for Redondo Beach, CA 90278 is $1,149,000 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 23. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Sat Aug 17 2019
This week the median list price for Redondo Beach, CA 90278 is $1,149,000 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 23. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,149,000
Per Square Foot $693
Days on Market 41
Price Decreased 43%
Price Increased 9%
Relisted 17%
Inventory 23
Median House Rent $4,000
Most Expensive $2,399,000
Least Expensive $825,000
Market Action Index
Strong Seller's Market
60

In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,399,000 2,334 6,500 - 8,000 sqft 4 2 34 1 1 39
$1,237,000 1,860 4,500 - 6,500 sqft 3 1 57 3 1 23
$1,082,500 1,636 0 - 4,500 sqft 3 1 50 1 2 70
$887,000 1,036 4,500 - 6,500 sqft 3 0 71 1 2 31