The Redondo Beach average home price in  January 2010 dropped by 2 percent compared to the same period a year ago, bringing the average price to $697,755. The number of sales went up by 29 percent!

 All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.  

First time home buyers rushed to take advantage of the homebuyer tax credit that was due to expire in November '09. Homebuyer tax credit was however extended till April 2010.  It was also expanded to include first time homebuyers as well as current homeowners who want to purchase a property.  If you'd lke more information on this very attractive homeubyer tax credit, please call me at (310)918-5027 or send me an email at kmbaty@aol.com.  I'll be glad to help!

Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785.  Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639.  Average price went up again in August '09 to $744,190 and in September to $779,487, dropped in Nove to $731,834, dropped again in December - $697,755; price went up in January 2010 to $736,906.  

If you're thinking about selling your Redondo Beach home, or just wondering what your home is worth in this market, please contact me at (310) 918-5027 or visit www.SouthBayHouseValues.com for a confidential, free internet market report.

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