Redondo Beach Real Estate Market Conditions & Reports, Redondo Beach Market Trends, California

Market Commentary Provided by Theresa Bruno

Report Date

Fall 2009

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Theresa Bruno
Beach City Brokers
Redondo Beach, California
310-387-7697
theresabruno90277@yahoo.com
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Nearest Metro Area

Los Angeles, CA

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

10-30 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Average Home Price

$750,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

No Change

Prices As % of Asking Price

More than 100%

Multiple Offers?

Yes

Greatest Activity

Condos/Townhomes

Buyer Activity for the past 90 days in Redondo Beach is

Seller Activity for the past 90 days in Redondo Beach is

Is Financing Available For Qualified Buyers in Redondo Beach?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

The market is still a predominantly a buyers market, although inventory is increasing. Housing prices have leveled and there are great buys in the Beach Cities.

Reason to Buy/Sell

Good economic news

Average Sold Price

$750,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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