Redondo Beach real estate market showed signs of improvement. The median selling price jumped in March to $650,000, which was still lower than 12 mos ago. Number of home sales increased steadily this year, starting at 76 in Jan, 73 in Feb and up to 96 in March and ending the quarter at 245 sales. Total number of sales was up by 4 percent when compared with sales a year ago. The inventory of homes for sale is shrinking, which is in line with California and most US markets.
Please see charts and tables below for details on Redondo Beach home prices and sales in the first quarter 2012:
|Median Sale Price|
|Month||New Listings, Number of|