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Redondo Beach Real Estate Report for 2016

February 16, 2017 by RedondoBeachRealEstateOnline.com Leave a Comment

Redondo Beach Real Estate in 2016

Real estate market in Redondo Beach CA numbers have gone up againe.  Home prices and sales went up.  One of the contributing factors were low mortgage rates and increased loan availability. Redondo Beach homebuyers often competed for houses and condos, pushing prices further up.  We continued to be in the seller’s market due to the low inventory and low interest rates.  Average Redondo Beach home price went up by 10%; number of sales remained steady, restrained only by very low inventory. The lowest home sold at $300,000, the highest at $5.3M. Here is more information on Redondo Beach home sales, trends, average price. 

Redondo Beach Real Estate  2016 2015 Difference
No. of sales  937  961  +2%
 Average Sales Price  $1,031,278  $937,394  +10%
 Average Days on Market  42  73  -6%

Real estate is local. Price changes vary from a neighborhood to a neighborhood, from South Redondo to North Redondo Beach.  If you’re thinking about selling, contact me anytime with questions or to get a free home evaluation

Real Estate Statistics as of Today

Total Listings: 118
Average Price: $1,471,740
Highest Listing Price: $16,000,000
Lowest Listing Price: $410,000

Redondo Beach Homes For Sale – Search By Price

All Listings $400,000 – $500,000 $500,000 – $600,000
$600,000 – $700,000 $700,000 – $800,000 $800,000 – $900,000
$900,000 – $1,000,000 Over $1,000,000

 

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Filed Under: Buying, Market Reports, Redondo Beach Real Estate & Lifestyle, Selling Tagged With: buying, condo, for sale, home evaluation, house, market, real estate, realtor, redondo beach, selling

Redondo Beach Real Estate – Buy, Sell or Hold?

December 12, 2012 by RedondoBeachRealEstateOnline.com Leave a Comment

Redondo Beach real estate market is in transition from the buyer’s to the seller’s market.  Redondo Beach home prices are increasing at a steady pace, up 4% in November compared with a year ago. We are recovering from the recession and home prices nationwide are on the rise.  Homebuilder confidence is highest in 6 years. Many experts agree that housing will be the key driver of the economy next year. At the same time, interest rates remain low, currently around 3.20% for a 30 year fixed rate mortgages.  These rates really have no place to go but up sooner or later. Look at it as the double incentive to buy now.

So should you buy or sell now? If you’re a  prospective homebuyer or an investor, if you have cash or are pre-approved for a home loan, now is the time to buy. Prices are not declining any more, quite opposite, they are going up.  Foreclosure supply is past its peak.  Which way do you think prices will go? Does it make sense to buy now before prices go higher or wait until they go higher and then buy?

If you’re a property owner, does it make sense to sell now? If you can hold onto your property, if it makes financial sense, you should wait, because home prices are on their way up.  If you tried seller a year to two ago and couldn’t, put it on the market now and it will sell, most probably at a higher price.  If you’ve been renting your property out but don’t want to be a landlord or, if you do not have a positive cash flow, you should selling now that the prices are up.

Inventory of homes for sale on Redondo Beach is very low and available homes attract multiple offers.  Since the inventory of homes is less than six months, the Redondo Beach real estate market is now considered “seller’s market”.

SEARCH REDONDO BEACH HOMES FOR SALE

 

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Filed Under: Redondo Beach Real Estate & Lifestyle Tagged With: buying, home prices, real estate, redondo beach market, selling

Krystyna Baty

Krystyna Baty, Realtor
Krystyna Baty - Your Local Expert
Broker Associate
The Real Estate Group
310.918.5027
batyrealestate@gmail.com
www.ISellSouthBay.com
BRE Lic # 01485187

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Krystyna M Baty

Broker Associate
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BRE Lic 01485187
Direct: (310)918-5027
batyrealestate@gmail.com

Redondo Beach Real Estate Prices and Sales in 2nd Qtr

Redondo Beach Real Estate Report Redondo Beach real estate market is hot! Homes prices continued to rise in 2nd Qtr ’17.  As the Redondo Beach median home price trend graph below shows, the upward trend continues. Average selling price increased by 2 %, from $1,062,624 last quarter to $1,083,903 12 months ago. Sales went down […]

Redondo Beach Real Estate Report for 2016

Redondo Beach Real Estate in 2016 Real estate market in Redondo Beach CA numbers have gone up againe.  Home prices and sales went up.  One of the contributing factors were low mortgage rates and increased loan availability. Redondo Beach homebuyers often competed for houses and condos, pushing prices further up.  We continued to be in […]

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