From our family to yours we wish you a very happy Thankgiving and a great holiday weekend. Whether you’re spending it at the Village, Seascape, Esplanade, Redondo or beyond….we hope you have a wonderful holiday weekend. Enjoy!
See how real estate in Redondo Beach fared in October 2022 compared with a year earlier. It was definitely a slower real estate market with 86 homes on the market compared with only 52 in 2022. Only 44 homes went into escrow last month compared with 74 a year earlier and only 49 home sales in Redondo Beach compared with 96 in October of 2021. Prices were up significantly however with a median sales price of $1,450,000 compared with $1,356,000 in 2021.
Let’s take a look a the Redondo Beach homes that sold in June of 2022.
It was a busy month for Redondo Beach real estate with 76 on MLS home sales compared with only 60 in May….even more impressive were the prices. Homes generally went into escrow in just about a week and sold over $75,000 above the list prices (on average)
The average “asking” price was a pretty massive $1,612,354 with the average sold price at $1,693,480 meaning that, in general, homes sold pretty dramatically over the original list price.
The average price per foot was $927 and homes only averaged 9 days on market before going into pending status.
Two of the properties that sold were in either The Village or Seacape and two were condos on The Esplanade (only one was on the ocean side).
The average “list” price for the homes that sold was $1,474,590 with the average sold price at $1,611,603 meaning that, in general, homes sold DRAMATICALLY higher than the list price.
Take a look a the 74 homes, townhomes and condos that sold in Redondo Beach in the month of March.
The real estate market in Redondo Beach took off after a few slower months (in terms of the number of homes that sold due to low inventory) with 74 on MLS homes closing escrow during the month, compared to the 37 homes that closed escrow in February.
The average “list” price for the homes that sold was $1,514,688 with the average sold price at $1,626,255 meaning that, in general, homes sold WAY higher than the list price. The average price per foot was $952 and median days on market was and extremely brief 7 before going into pending status.
Of the 74 homes that sold 5 were on the ocean side of the Esplanade, one was in Seascape 2 at 120 The Village and another in Seascape 1 at 240 The Village in South Redondo Beach
It was another great month in Redondo Beach both in terms of the number of homes that closed escrow as well as the prices. November 2021 saw an impressive 77 on market home, condo and townhome sales closing during the month. The average “list” price of the homes that closed escrow during the month was $1,441,772 with the average “sold” price at $1,407,759 meaning that homes generally sold lower than the asking price. This was the first month in which sold prices were lower than list prices in quite a while. Homes averaged 30 days on the market before going into escrow with a median DOM of only 9 days. Average price per foot was $$811.