Redondo Beach Real Estate Market Update
Redondo Beach real estate sales stats for January 2012 were as follows:
Total homes (residential properties) sold - 46 vs. 44 sold in January 2011
Average selling price - $632,810 vs. $719,559 a year ago (3.7% price drop)
Highest home sold - $1,549,000; Lowest - $254,
Single family homes sales and average prices were as follows:
Total sold - 17 compared with 18 houses sold a year ago in January '11
Average price - $753,421 compared with $789,406 ( 4.8% price drop)
Redondo Beach market has been moving sideways, which is even better illustrated by the chart below, showing median home prices. The January median price of $658,900 which represents a price increase of 11.7% compared to a Dec '11. A bit of a good news for the area home sellers.
REDONDO BEACH MEDIAN HOME PRICE TRENDS - 12 MONTH CHART
Stay tuned for more South Bay market updates. Call me anytime for your home evaluation or current listing informaion.