MarketUpdateMonday: North Redondo Beach May 2017

The North Redondo Beach real estate market had a fire month for May 2017. With 48 properties closing escrow, with an average of just 37 days on the market, the inventory moved very quickly. North Redondo has a great school district and is a convenient location to live if you work in El Segundo or are a consistent freeway commuter. With El Segundo adding over $3M square feet of office space, the South Bay market will only continue to get better. 

Check out the North Redondo Beach market sales in June 2017 below: 

Number of Homes Sold: 48

Lowest Sales Price: $575,000 (2 Bed | 3 Bath | 1,297 SF | Town-house)

Highest Sales Price: $1,339,000 (4 Bed | 3.5 Bath | 2,500 SF | Town-house) 

Average Sales Price: $994,672

Median Sales Price: $1,025,000

Average Price Per SF: $575.40

How Many Homes Sold Over Asking: 23 Homes (20 Homes sold under asking) 

Average Days On Market: 37 Days 

Check out the photos of a great Mid-Century modern house that was listed at $910,000 and sold for $965,000. This property is 3 bed, 2 bath at 1,260 SF on a 4,994 SF lot. While single family homes aren’t as common in North Redondo as town-homes and condos, this is an example of a typical single family home on a decent sized lot for the area. 

 

*All information and photos are from the California Regional Multiple Listing Service.