It’s been clear for months that the inventory of “active” listings in the South Bay and Redondo Beach has slowly been declining. With record months in terms of the number of sold homes in Redondo, the new listings each month just can’t keep up. As of 11/26 there are only 24 active listings on the MLS in all of Redondo Beach!! Last October there were 94 homes for sale. This is definitely not good news for home buyers and is certainly not going to help with the housing crunch and unceasing demand. See the Redondo Beach real estate trends over the past 15 months to see just how low that is in comparison.
Welcome to Redondo Beach real estate October update at a glance. October saw 96 on market property sales closing in north Redondo, South Redond and parts of the Hollywood Riviera. The median “sold” price was $1,356,000. Average days on market was a very short 18 before going into escrow and the average price per foot was $848. See how this compares with other months on our Redondo Beach real estate statistics and trends page.
Search the current homes for sale in Redondo Beach
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.
Let’s take a brief look at the month that was for Redondo Beach real estate. Due to lower levels of inventory there were 82 on market home sales which was impressive but nowhere near the incredible 103 homes that sold in August of 2020. The homes that sold had a median sales price of $1,311,00 and averaged only 16 days on market before going into escrow and the average price per foot was $749.
See how this compares with other months on our Redondo Beach real estate trends and statisics page.
View the current homes for sale in Redondo Beach California
What a year it was for the Redondo Beach real estate market. There were 829 on MLS home and property sales compared with 861 in 2019. The median sales price was a very impressive $1,250,000. The homes only averaged 29 days on market before selling and the average price per foot was up quite a bit from 2019 to $651 a foot in 2020.
