Redondo Beach January '12 Market Update

Below is the short summary of market data for January:

Total homes (residential properties) sold - 46 vs. 44 sold in January 2011

Average selling price - $632,810 vs. $719,559 a year ago (3.7% price drop)

Highest home sold - $1,549,000; Lowest - $254,

Single family homes sales and average prices were as follows:

Total sold - 17 compared with 18 houses sold a year ago in January '11

Average price - $753,421 compared with $789,406 ( 4.8% price drop)

Redondo Beach market has been moving sideways, which is even better illustrated by the chart below, showing median home prices. The January median price of $658,900 was 11.7% higher than just a month ago.

Wondering what your home is worth in today's market? Contact me at 310.918.5027 or via email at info@isellsouthbay.com.