Update on the Redondo Beach real estate market
We were very excited to see the steady and signifcant number of pending home sales in Redondo Beach to start off 2020. Unfortunately the impacts of the Covid-19 changed that in a hurry. After a multi year low of only 34 pending home sales, we saw a nice jump to 51 in January and 63 in February. Unfortunately March saw a drop to 41. The inventory is part of the problem as with only 70 active listings that’s 50% fewer homes than the end of 2019.