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Redondo Beach Real Estate Market Trends

The Redondo Beach real estate market hit a bump in the road in February as total sales fell by 37% compared to January.

02-2016 RB sales M-to-M

However, the market median sales price increased 7.9% or $69.2K giving investors positive news to feed upon.

02-2016 RB median sales price M-to-M

Given the 37% decrease in net sales relative to a 18.4% spike in listings the sales-listing ratio ended the month at -46.8%.

02-2016 RB sales-listings ratio M-to-M

Last, according to MLS data the year-over-year months of inventory held constant at 3.0 as measured in February 2015 and 2016.

02-2016 RB months of inventory Y-to-Y

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

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).

 

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