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Redondo Beach Real Estate Market Update - August 2009

By
Real Estate Broker/Owner with Broker California Lic 01485187

The Redondo Beach average sales price in  August 2009 increased by 5.8 percent compared to the same period a year ago, bringing the average price to 744,190. The number of sales went down by 2 sales.

Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.  

Redondo
Beach
Sold
Listings
Average
Sales Price
Average
DOM
August 2009 73  $744,190 83
August 2008 74  $703,296 64

 All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.
 

There are indications that Redondo Beach home prices have stabilized.  Here is how the average home price changed over the last few months - Average home price was $749,974 in January 2009; it went down again in Feb to $653,411. It went up in March '09 to $712,135 and it increased again in April to $763,785.  Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639.  Average price went up again in August '09 to $744,190.

If you want to learn more about Redondo Beach and South Bay real estate, please contact me at 310-918-5027 or visit www.RedondoBeachRealEstateOnline.com today!

      

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If you are Buying, Selling or Relocating to the South Bay Los Angeles area and need help from the experienced, professional REALTOR®, I would be happy to assist you! Call (310)918-5027 or visit my South Bay real estate website for Free property searches and to sign up for free listing alerts, Redondo Beach, Torrance, Beach Cities real estate resources Free Home Evaluation and more!  Find me online:

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Comments (1)

Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

Krystna, great infromation and I really love the background for your blog. I just want to jump in.

Sep 15, 2009 04:44 AM