Redondo Beach 1st Qtr Market Report

Redondo Beach real estate market report for 1st qtr 2012 - median sale prices, inventory

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Redondo Beach 1st Qtr Market Report

Posted by Krystyna Baty on Tuesday, April 10th, 2012 at 3:19pm.

 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 
Month20122011
Jan $585,000 $658,900
Feb $559,000 $620,000
Mar $650,000 $699,500
MonthNew Listings, Number of
Jan 94
Feb 98
Mar 84

 

Krystyna Baty, experienced real estate broker, is committed to the highest standards of professional service for all your South Bay Real Estate needs. I pride in getting top dollar for our home sellers in the least amount of time. For our home buyers my team employs our extensive knowledge and experience to find the perfect home. If you would like more information in regards to buying or selling a home, please email or call me at (310)918-5027 today!

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