Redondo Beach November Market Trends
There were 32 closed escrows in South Redondo Beach CA 90277 during November of 2016.
This is an increase of just about 10% from the 29 properties sold during October. As of this posting there are 51 properties in escrow so we can expect to see a strong finish to the year as these close escrow during December.
There are only 37 available active listings in South Redondo Beach so this is still a fairly strong Seller's Market. At least for now.
Year to date through November in South Redondo Beach there have been 405 closings putting us at an average run rate of just about 37 properties per month. The average sales price YTD has been $1,146,953 with a median price of $1,050,000.
For the month the average sales price was $1,239,686 and the median was $1,097,000. If you are a home owner thinking of selling those numbers are certainly well received. For buyers maybe not so much.
Prices for November ranged from $450K for a two bedroom condo in Brookside Village up to $2,465,000 for a new construction 5 bedroom over 3,000 SqFt house on Irena.
Twelve properties sold below the MLS list price with the balance selling for the last list price or over. The average days on market for November was 41.
All in all, South Redondo Beach Real Estate is doing very well and remains a great investment considering the quality of the schools as well as the improvements slated for the Redondo Beach Waterfront.
To continue reading and learn more about South Redondo Beach Market trends, please visit 90277realestate.com.