Category: Redondo Beach home prices
Redondo Beach real estate and homes for sale
How Does Redondo Beach Real Estate Market Compare with 2022?
Take a look below at how the real estate market in Redondo Beach for the first 3 months of 2023 compared with the first quarter of 2022. It’s been a much slower start to the year thus far with only 97 sold homes in Q1 compared with 150 during the same months in 2022. There have been 132 homes that have gone into escrow compared with 189 last year. The number of active Redondo Beach homes for sale changes daily but as of the end of March it was at 60 which is up so the slower market can’t all be attributed to the lack of inventory.
New Construction Townhomes in Redondo Average Almost $2.0M
It’s pretty hard to believe just how much townhome values have gone up over the
past few years. We wrote a post back in 2018 asking if “$1.5M was the new normal for new construction townhomes?” In 2015 we asked if $1.2M was the new normal and sustainable…..I guess we have our answer.
It seemed crazy at the time and unsustainable but here we are in 2023 and new construction townhomes in Redondo are averaging just under $2.0M.
If we eliminate the attached townhomes, the sales price of freestanding, detached townhomes averages almost $2.05M so far in 2023. Incredible.