Redondo Beach Single Family Homes for Sale | North vs South

We've seen a healthy increase in median prices in both Redondo Beach zip codes but a much more substantial jump in price per SqFt in South Redondo Beach. This may be a function of some smaller houses on larger lots selling in 90277 and creating a distortion. Also in South Redondo there are a number of properties with usable SqFt in detached guest houses that are not counted in the gross SqFt allowed by appraisers.

Some of the negative numbers in 90277 do not reflect a weakening market as much as they do declining inventory. There are also at least a few properties that I can think of in South Redondo Beach that have been sitting on the market for a while (because they are overpriced).

Teles Redondo Beach CA Micro Market Report | SFR
Speaking of overpriced, much of the acceleration in prices and homes sold (100% year over year) in North Redondo Beach is due to the over heated activity in the Redondo Beach Golden Hills where we are seeing new listings coming out $50K higher week over week! Well maybe that's an exaggeration but not by much. Once a few of those close escrow we may see a material change in these numbers.

Lastly as you can see the inventory is declining for North Redondo Beach SFRs.