Take a look at the real estate market in Redondo Beach last month. Here’s a quick recap of the key numbers:
What a year it was for home sales and home prices in Redondo Beach CA. There were 658 condos, townhomes and homes sold during 2022.
The median sales price was an impressive $1,450,000 and average price per square foot was $849.
Homes averaged only 18 days on market before going into escrow.
One of the most recent listings and now closed home sales in South Redondo Beach, was a massive single family home located at 803 N Paulina. The home boasts over 6,000 square feet with 5 bedrooms and 7 total baths. The location makes for some nice ocean views from the home and the incredible pool deck.
The home was listed at $3,995,000 and sold for a jaw dropping $4,625,000. $630,000 over the asking price!
While the overall real estate market in Redondo Beach was pretty slow in January, the market in the Hollywood Riviera came to an almost complete stop. There was only one property that closed escrow in the Hollywood Riviera during the entire month.
The only closed sale was a 2 bedroom townhome at 434 Calle Miramar in the Village Palos Verdes complex. The location of this complex is great as it’s just blocks to the ocean and beach but does get a bit of road noise. This 2 bedroom unit is the smallest layout with a bit under 1,400 square feet. Some units have great ocean views but unfortunately 434 Calle Mirarmar didn’t offer any ocean views but certainly enjoys the beach breezes and weather.
View the MLS listing details below.
Listing courtesy of Marilyn Cohn – RE/MAX Estate Properties – 310-378-9494
Inventory of Redondo Beach homes for sale always drops in December as owners don’t want the hassle of showings and open houses during the holidays but the level of available home inventory is starting to be a real concern. Considering that there were 125 homes for sale in December of 2020 it’s not hard to see that it’s a problem. The current market is just about perfect for home sellers but that’s definitely the opposite for home buyers at the moment. Keep visiting our active Redondo Beach homes for sale page for continually updated listings.
Welcome to September’s Redondo Beach market recap. It was a great month for home sales and property prices in Redondo Beach. It was slower than the previous year with only 79 home sales compared with a pretty incredible 110 in September 2020. The median sales price was $1,375,000 compared with $1,149,000 a year earlier. Homes averaged only 14 days on market before going into escrow. See how this compares with other months on our Redondo Beach real estate trends page.
