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.
We’re happy to announce a fantastic upcoming listing. Located at 206 Ruby Street in South Redondo this is a beautifully updated 2 bedroom, 2 1/2 bath townhome with approximately 1,450 square feet. Priced at $939,000 this fantastic home is just 2 blocks from the beach. Great location, great schools, great neighborhood and turn key condition…..welcome home.
Keep current with the redondo beach real estate market
Home sales were a bit slower in March with only 57 home sales in March, but the prices and numbers were very impressive.Â
The median list price for homes that sold was $1,149,000 with a median sold price of $1,130,000 which is a considerable number and shows that it was still a seller’s market.
March sales were not really impacted by the covid 19 challenges so it’s likely we’ll see a fairly significant slowdown in the next few months.
The average price per foot was $611.00, median days on market was 59, and average days on market was a pretty incredible 13 days before going into escrow.
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.
Congrats to our wonderful clients Nancy and Horst for the successful sale of their beautiful top floor ocean view condo in The Village Redondo Beach. We helped them completely remodel the unit as it had been a rental for years. We staged the home once the remodel was complete and sold it for a great price to a fantastic buyer! Congrats to all involved and thanks so much for putting your trust in us!
The real estate market in Redondo Beach was fairly solid with 72 closed home sales during the month and a median sales price of over $1.0M.  The market is definitely slowing in December but that’s not unusual as December is always one of the slower months for real estate and homes sales in Redondo Beach. The median list price was $1,039,500 and the median sales price was $1,032,500 indicating a very solid seller’s market. The highest price of the month was at $2,994,000 for new construction at 404 S Gertruda and the lowest price of the month was $425,000 for a one bedroom condo in Brookside Village in South Redondo.