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.