#MarketUpdateMonday: South Redondo Beach Single Family Home Sales in 2016

This is the first installment of Market Update Mondays. Beginning today, each Monday we will give you the all the real estate market information for specific South Bay cities. This month we will focus on the sales as a whole for the entire year of 2016, and moving forward, we will analyze the sales for the previous month. 

Now that we are officially in 2017, it is interesting to take a look back at the single family home sales in South Redondo Beach spanning across January 1, 2016 to December 31, 2016

Number of Homes Sold: 120

Lowest Sales Price: $635,000 (1 Bd, 1 Ba, 504 Sq. Ft.)

Highest Sales Price: $3,550,000 (5 Bd, 4.5 Ba, 6,179 Sq. Ft)

Average Sales Price: $1,625,803

Median Sales Price: $1,262,500

Average Price Per Square Foot: $693

How Many Homes Sold Over Asking Price: 46 Homes

Average Days On Market: 54 Days

Above are the photos of the home that sold at the highest price: 

Next week, we will take a look at the South Redondo Beach market for condominiums and town-homes.