South Redondo Market Data
Similar to North Redondo, see how the inventory (the number of homes for Sale) has been dropping, such that the number of properties For Sale and the number Sold are approaching each other. LOW INVENTORY means High Demand and therefore Prices are going UP. We Have Buyers! Call Us – 855-722-4466
or email us at info@TeamRedondo.com
*The graphs on this page are for North Redondo (ZIP CODE 90277) and include single family, townhomes and condos.
This is a graph of the months of inventory (how many months it would take, at the current rate of sale, to extinguish the entire inventory of homes on the market). When the “months of inventory” falls below 3, we start to see multiple offers and sales pushing above the list price. This is what we have been experiencing since the spring of 2012! Demand is UP, Inventory is Down and therefore Prices are on the Rise. We have already seen some buyers priced out of their market – price range. We expect (as do the economists) that 2013 will be another strong year for Real Estate with prices on the rise. Call Us 855-722-4466 or email us at info@TeamRedondo.com