Redondo Beach Real Estate: Buy or Sell 4 Bedroom Townhomes

Whether you want to buy or sell a townhouse in Redondo Beach, you may have realized that four bedroom homes are at a premium and highly desirable in the current real estate market. Wondering why? Families with one or two children, and a need for a home office use up the space very quickly as do those with frequent visitors. Add to that the number of extended family members and adult children who have moved back in with their parents and all of a sudden everyone needs four bedrooms.

So far during the first six months of 2012, there have been 63 sales of 4 bedroom condos or townhouses in North Redondo Beach, CA 90278 (plus another 14 sales of 4 bedroom single family houses which will be discussed elsewhere).  For townhomes and condominiums, that's a real estate absorption rate of 10.5 properties per month. Prices ranged from $490,000 up to $875,000. There were 7 bank owned foreclosures (REOs) all priced to sell at less than $600,000 and 8 short sales. In general, many of these properties are newer than other real estate for sale and this is a very hot segment of the market.

Currently there are 16 four bedroom townhouses for sale in North Redondo Beach (90278) which is just about 1.5 months of inventory on hand. There are also 24 4 bedroom condo - townhouses in escrow. Here's what is currently for sale at the time of this blog post:

To view the current active inventory of 4 bedroom townhomes and condos in North Redondo Beach CA 90278, follow this link. Call 310 975 5139 to buy or sell a townhouse in North Redondo Beach, CA 90278.