Redondo Beach Market Update - September 2009

The Redondo Beach average sales price in September 2009 decreased by 3 percent compared to the same period a year ago, bringing the average price to $779,487. The number of sales went down dramatically to the total of 63 sales.

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

Despite this recent drop, sales average property price in Redondo Beach over last few months have increased and reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price 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 and in September to $779,487.

If you want to learn more about South Bay real estate, please contact me at 310-918-5027.

For more Redonod Beach real estate information, free MLS search, market updates and more please visit my Redondo Beach Real Estate Blog.