Welcome to our real estate market update for Redondo Beach in May. This is just a brief overview to help understand where the Redondo Beach real estate market is and where it might be headed.
Fo more detailed stats visit our Redondo Beach market stats page but this is a quick glance at the details. There were 51 home sales in Redondo Beach with a median sales price of $1,144,000. Homes averaged 22 days on the market before going into escrow with an average price per foot of $621.
February was a very slow month for closed home sales in Redondo Beach with only 44 homes sold during the month. The number of homes for sale has been slowly dropping since last summer with a peak of 98 home sales in June. The 44 home sales in February is the fewest home sales in a month over the past 18 months other than December which is usually the low point for the year. Prices continued to be very strong with a median list prices of $1,199,000 and a median sales price of $1,182,000 indicating good market for Redondo Beach home sellers. Average price per foot for sold homes in Redondo Beach was $714. Average days on market was only 55 which is another indication of a strong sellers market. See the Redondo Beach real estate stats for the past 15 months below.