Redondo Beach Real Estate Market Update - 4th QTR 2008

Redondo Beach Real Estate Market Update

The Redondo Beach average sales price in the 4th QTR 2008 decreased by 13.65 percent compared to the 4th QTR 2007, bringing the average price to $775,804. The number of sales increased by 7.5 percent. Average DOM increased by 74%. *All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

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

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

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