#MarketUpdateMonday: South Redondo Beach April 2017

South Redondo Beach real estate is in full bloom but still with a lack of inventory. The average sales price has increased a little over $20,000 in just one month from March 2017 to April 2017. With the demand still greater than the supply, our market’s strength is continuing upward.

Below is a quick snapshot of the South Redondo Beach residential real estate market in April 2017:

Number of Homes Sold: 21

Lowest Sales Price: $387,500 (1 Bed | 1 Bath | 669 SF | Condo)

Highest Sales Price: $2,850,000 (4 Bed | 5.5 Bath | 4200 SF | 6,109 SF)

Average Sales Price: $1,151,857

Median Sales Price: $1,050,000

Average Price Per SF: $648.01

How Many Homes Sold Over Asking: 12 Homes

Average Days On Market: 34 Days

Check out the photos above of a beautifully, remodeled Craftsman that sold in under one week on the market. The trend of open concept homes, with a clean design and modern finishes has proven to do quite well in the South Bay market. This particular property is 3 bedroom, 2 bathroom at 1,249 SF and closed at $1,200,000.