Let’s take a quick look at the real estate market in Redondo Beach in June 2021. It was a huge month with 98 homes sold during the month at a median sales price of $1,353,000 and an average days on market of only 16. View the current homes for sale in Redondo Beach CA
It was a solid month for home sales and prices in the city of Redondo Beach CA with 60 closed home sales in February. The median “list” price of $1,199,450 and a median “sold” price of $1,237,500 indicating that the very favorable market for sellers continues to steam ahead. The median price per foot was $$684. See how this compares to other months on our Redondo Beach CA real estate statistics page. Only one of the homes that sold was a condo in the Village and it was 660 The Village #109 which was a first floor one bedroom. that closed at $675,000. This is a BIG number for a 1st floor unit.
Let’s take a look back at the year it was for real estate in Redondo Beach CA. What a year it was for both the number of homes that sold as well as the prices that homes sold for. There were 829 on MLS home and property sales compared with 861 in 2019. The median sales price was a very impressive $1,250,000. The homes only averaged 29 days on market before selling and the average price per foot was up quite a bit from 2019 to $651 a foot in 2020.
Due to the layouts of The Village with primarily one bedroom condos, we don’t see too many 2 bedroom units sell. Not only is that 2 bedroom component rare, but the 2 bedroom units are always the furthest west with the most direct ocean views so they really are special. Recently a 2 bedroom condo in fairly original condition hit the market and it just closed at a sales price of $820,000. Although it needed quite a bit of work AND it was a first floor unit with some of the most blocked views of all the bedrooms….we still feel like the buyer got a very good deal at this price.
Redondo Beach real estate in the 2nd quarter was really the tale of 2 cities (or sets of statistics) From a sales standpoint the market saw a dramatic slowdown and only 138 homes sold in April, May and June, compared with 269 the year earlier. That was the bad news…..
The good news is that all other metrics were very impressive. The median sales price for the 3 months was $1,225,000 which was about even with 2019 but the price per square foot rose a bit. Days on market was a very short 24 before selling.
November was a robust month for home sales in Redondo Beach with 72 closed sales for the month. The median list price was $1,039,500 and the median sales price was $1,032,500 indicating a very solid seller’s market. The highest price of the month was at $2,994,000 for new construction at 404 S Gertruda and the lowest price of the month was $425,000 for a one bedroom condo in Brookside Village in South Redondo.