#MarketUpdateMonday: South Redondo Beach May 2017

Great news for South Redondo Beach, the prices are not showing any signs of slowing down. The average price went up $107K from just April 2017 to May 2017. Additionally, the average days on market went from 34 days down to 14 days. 

Here are some quick stats below: 

Number of Homes Sold: 28

Lowest Sales Price: $400,000 (1 Bed | 1 Bath | 669 SF | Condo) 

Highest Sales Price: $2,250,000 (4 Bed | 3 Bath | 2,430 SF | 6,029 Lot SF) 

Average Sales Price: $1,258,179

Median Sales Price: $1,260,750 

Average Price Per SF: $712.28

How Many Homes Sold Over Asking: 16 Homes

Average Days On Market: 14 Days 

Check out the photos above of our ocean front condo listing on the Esplanade that sold for $1,298,000. At 1,049 square feet, this 2 bed, 2 bath condo received multiple offers and sold in three weeks with an all cash offer.