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 |
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.