Redondo Beach, CA

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.

The most expensive home currently for sale in Redondo Beach, California is located on the Esplanade for just under $7,000,000. The ocean front property showcases the beach lifestyle the beach cities of Manhattan, Hermosa and Redondo offer. Redondo Beach is the most affordable of the three beach cities.

The second most expensive home currently for sale in Redondo Beach is an ocean front condo listed for under $2,000,000 and located on the Esplanade. If you’re shopping for a panoramic ocean view with easy access to the beach, bike paths, and the action packed beach life at an affordable price you should add Redondo Beach to your home search.

Recent luxury sales in Redondo Beach include three properties with selling prices exceeding $2,000,000. Two out three of the properties possessed an Esplanade address. There is no question the view from your windows will amaze you and the sand and water are just steps away when you purchase a view property on Redondo Beach’s Esplanade.

Beach volleyball anyone?

http://MikesDailyMarketReport.com: Provides the mortgage interest rate trends and navigates through the current interest rates for home loans. Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast. By trade, Mike Bjork is a Sr. Mortgage Planner with First Cal Mortgage.

Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt

http://MikesDailyMarketReport.com: Provides the mortgage interest rate trends and navigates through the current interest rates for home loans. Mike Bjork provides this daily service by watching the interest rates in California by projecting his thoughts on the mortgage interest rates forecast. By trade, Mike Bjork is a Sr. Mortgage Planner with First Cal Mortgage.

Please Subscribe to MikesDailyMarketReport.com or my YouTube Channel at MikesDailyMarketRpt