Redondo Beach California 2009 Real Estate Sales Overview

Redondo Beach California 2009 Real Estate Sales Overview

As we approach yet another Year End in this "challenging" Redondo Beach real estate market, we wonder

"Well, how did we do this year?".

Merry Christmas Redondo Beach

We end the year low on inventory, higher in the number of sales, likely due to the homebuyer tax credit, lower prices and historically low interest rates.

Traditionally as the New Year rolls around we see a small surge of listings become available. We anticipate that surge the first week in January 2010. Buyers thinking about purchasing after the holidays should use this time to become pre-approved and prepare themselves for the inventory about to become available.

There are currently 196 residential properties available for sale in Redondo Beach, on the MLS, averaging 98 days on market.

(this data does not include residential income properties)

Lowest Priced: $284,900,
lowest days on the market - 6 days
Highest Priced: $3,500,000,
highest days on the market - 292 days

Out of all residential properties available for sale in Redondo Beach:

83 are Single Family Homes

Average Price: $1,118,339
Average Days on Market: 100

113 are Condos and Townhomes

Average Price: $786,940
Average Days on Market: 109

124 Redondo Beach properties are currently under contract - in escrow; they are averaging 78 days on market.

Lowest Priced: $289,900, 4 days on market.
Highest Priced: $2,099,000, 306 days on market.

723 Redondo Beach homes, condos and other properties have closed escrow in 2009, out of which 276 were single family homes and the remaining 447 were condos and townhomes.

Redondo Beach Single Family Home 2009 Sales Data

Average Price: $822,379

Avg DOM: 79

Redondo Beach Condo/Townhome 2009 Sales Data

Avg Price: $675,371

Average Days on Market: 80

Lowest Price: $299,900

Lowest price: $230,000

Highest Price: $2187,500

Highest price: $3,600,000