North Redondo Beach Real Estate Trends: Sales, Prices, Values

Whether you want to buy, sell, or invest in North Redondo Beach Real Estate, having hard data at your fingertips will help you determine price, value, and the direction that market trends are going on in. As the graph below indicates, over the past year or so, inventory has been coming down and sales have been consistent. That should indicate a firming up of prices which is likely to make sellers a lot happier then buyers. As any buyer currently in the market knows, the properties that are priced right with desirable attributes are selling quickly. Very quickly. And often at list price or higher.

At this point we are looking at 3.3 months of available inventory compared to a year ago at this time when it was 6 months (pended), and more importantly an absorption rate of 30% compared to a year ago when we were at 16%. That's a very significant swing that actually benefits sellers to a greater extent that buyers. But, as is often the case, market perception trails reality by about 6 months (not on chart, lol).

One of the more interesting data points we see in the following table is that while there is less inventory and more sales, the days on market has gone up. Go figure.

For a personalized report, free consultation, or more specific data on a specific home you want to buy or sell, email socalistings@yahoo.com or call 310 975 5139 to buy or sell Redondo Beach Real Estate.

If you haven't noticed, we've recently relaunched www.90277realestate.com for South Redondo Beach Real Estate. Going forward, we'll report separately on the tow markets as pricing and housing trends have a significant enough difference.