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Page 11

Redondo Beach FEBRUARY STATS Key Facts:

FEB 2019

FEB 2020

$1,050

$1,132

8%

Average Price Per Sq. Foot

$624

$714

14%

Properties for Sale

100

59 -41%

Properties Pending Sales

67

60 -10%

Properties Sold

54

38 -30%

Days on Market (Sold Homes)

42

46 10%

Monthly Supply of Inventory

1.9

1.6 -16%

Absorption Rate (Closed Sales) 54

64.4 19%

Median Price (in $1,000)

$1,132,000 Median Sold Price

$1,385,000

Average Sold Price

59

Listings for Sale

60

Listings Pending

% Change

AVERAGE & MEDIAN PRICE $3,500 $1,600 $1,385

$3,000

$1,400

38

Listings Sold

$2,593 $1,200 $2,500

$1,132

$1,000

$2,000

$1,655

$800

46

Days On Market

$1,500 $600

$1,000

$400

$500 $200

$-

$Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2019 2020

Median

Average

Profile for RE/MAX Estate Properties

RE/MAX Estate Properties SouthBay Market Intelligence Report  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the South Bay real estate market....

RE/MAX Estate Properties SouthBay Market Intelligence Report  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the South Bay real estate market....