Posts Tagged ‘redondo beach homes for sale’

Redondo Beach Real Estate Market Update September 2014

Wednesday, October 8th, 2014

Overall, Redondo Beach real estate sales activity was about the same in September as compared to last month with a total of 71 closed escrows.

09-2014   RB sales  M-to-M

Subsequently the monthly market median sales price remained strong in September at $780K.

09-2014   RB median sales price  M-to-M

Therefore, considering the aforementioned, it is no surprise the sales/listing ratio held fairly steady in the mid 40% range.

09-2014   RB sales-listings ratio  M-to-M

Last, the year-over-year months of inventory analysis reveals a slight bump in 2014 to 2.2 months versus the 2.0 reported in 2013 by the MLS.

09-2014   RB months of inventory  Y-to-Y

Redondo Beach Real Estate Market Update August 2014

Tuesday, September 9th, 2014

Total average sales activity in Redondo Beach over the last 3 months is 75.67 with 73 successfully closed escrows recorded in August.

08-2014   RB sales  M-to-M

Also trending fairly average over the last 3 months is the market median sales price with $808K posted for August.

08-2014   RB median sales price  M-to-M

According to MLS data, it appears listings are up while sales remain steady as the sales/listing ratio decreased a few percentage points to 44.5%.

08-2014   RB sales-listings ratio  M-to-M

The previous assertion is further supported the year-over-year months of inventory stat, which reveals inventory is up from 2.0 in 2013 to 2.3 in 2014.

Redondo Beach Real Estate Market Update July 2014

Friday, August 8th, 2014

Residential sales activity in Redondo Beach was on fire in July with a total of 90 properties sold, which represents a 40.6% improvement over last month.

07-2014   RB sales  M-to-M

Also trending positive was the market median sales price, which increased by $42,950 or 5.24% in July relative to June.

07-2014   RB median sales price  M-to-M

Another stat worthy of mentioning is the sales/listing ratio, which ticked up from 47.8% in June to 50.8% in July.

07-2014   RB sales-listings ratio  M-to-M

Last, there was little change in the year-over-year inventory numbers with July 2014 slightly higher compared to July 2013.

07-2014   RB months of inventory  Y-to-Y

Redondo Beach Real Estate Market Update June 2014

Thursday, July 17th, 2014

The Redondo Beach real estate market produced 64 sales in June, which is almost on par with the 65 recorded during May.

06-2014   RB sales  M-to-M

Of particular interest, however, is the 15.4% increase in the market median sales price, which bumped up to $819,550 in June from $710,000 in May.

06-2014   RB median sales price  M-to-M

Equally reassuring is the 20.5% plus improvement in the sales/listing ratio, which reveals buyers and sellers remain willing to fairly negotiate during the sales process.

06-2014   RB sales-listings ratio  M-to-M

Finally, the year-over-year months of inventory stat communicates a relatively comparable trending pattern for June 2014 when compared to June 2013.

Redondo Beach Real Estate Market Update May 2014

Monday, June 16th, 2014

According to the MLS, the Redondo Beach real estate market produced 65 residential property sales in May.

05-2014   RB sales  M-to-M

Reinforcing this strong trending performance the market median sales price closed the month at $710K.

05-2014   RB median sales price  M-to-M

Of the 164 active listing in May 65 sold, which produced a 39.6% sales/listing ratio.

05-2014   RB sales-listings ratio  M-to-M

Last, the months of inventory stat revealed a bump to 2.5 in May 2014 compared to 2.0 in May 2013.

05-2014   RB months of inventory  Y-to-Y

To get the complete Redondo Beach market report for May please contact Hady at  or click here to submit a request.