It should not be surprising that considering the seasonality, increase in interest rates and general economic uncertainty that closed sales in North Redondo Beach slowed to only 22 properties during January.
By comparison, there were 19 closed sales in South Redondo Beach 90277, 14 in Hermosa Beach, and 23 in Manhattan Beach CA. This is one of the few times in recent memory that Manhattan Beach outsold North Redondo.
As of this post there are 47 active listings in North Redondo Beach and 43 in Escrow. So looking at absorption rate we are at 2 months based on sales and one month based on the under contract calculation.
If you are a Buyer, we are still in a Seller's Market right now by either calculation. If you are a home owner the market conditions are still very favorable if you are considering selling in 2017.
The following numbers are taken directly from the MLS data:
- Prices Range $740,000 up to $1,725,000
- Average Sales Price $989,886
- Median Sales Price $927,000
- Average Days on Market (DOM) 44
- 11 Homes Sold Lower than the List Price
- 6 Sold over the List Price
- 6 Homes were New Construction
- 10 Properties were Single Family Residences (SFRs)
- 12 Sales were Townhomes
- MLS Area 151: 10 Sales
- MLS Area 152: 4 Sales
- MLS Area 153: 1 Sale
- MLS Area 154: 7 Sales
Let's take a look at some individual sales.
NEW CONSTRUCTION HOME NORTH REDONDO BEACH
These are the new construction homes that sold.
GOLDEN HILLS MLS AREA 154