Ellis Posner

Redondo Beach, CA 90278

Single-Family Homes

ellisposner.com



Redondo Beach, CA 90278

Wed May 27 2020
This week the median list price for Redondo Beach, CA 90278 is $1,255,000 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has held steady at or around 20. 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

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

Wed May 27 2020
This week the median list price for Redondo Beach, CA 90278 is $1,255,000 with the market action index hovering around 53. This is less than last month's market action index of 56. Inventory has held steady at or around 20. 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

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 $1,255,000
Per Square Foot $749
Days on Market 75
Price Decreased 35%
Price Increased 0%
Relisted 10%
Inventory 20
Median Rent $4,988
Most Expensive $1,850,000
Least Expensive $799,000
Market Action 53
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing 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 2,264 0 - 4,500 sqft 4 4 31 2 2 91
$1,315,000 1,972 0 - 4,500 sqft 3 2 51 1 1 42
$1,175,000 1,395 4,500 - 6,500 sqft 3 2 67 1 1 92
$915,000 912 0 - 4,500 sqft 3 1 63 0 1 72