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Flood risk in Redondo Beach is increasing slower than the national average. Can sell for about 3% above list price and go pending in around 24 days. Can sell for about 2% above list price and go pending in around 20 days.
December saw 76 closed home sales in Redondo Beach with an average sales price of $931,000 and a median price of $836,000. A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city. It takes into account various expenses that you will make in your daily lives (on housing, food, utilities, transportation, entertainment, etc.) and helps you determine a livable salary. The prices of goods and services vary in different cities, and hence having a cost of living index or calculator can make the decision to move easier by allowing you to directly compare one city with another. The cost of living index for housing estimates the cost of housing in Redondo Beach to be 230.1% of the national average. The real estate market in Redondo Beach really picked up the pace with 74 on MLS homes closing escrow during the month, compared to the 37 homes that closed escrow in February.
Days to close
The December numbers are in and if there was any thought that the real estate market in Redondo Beach was leveling the numbers certainly say otherwise. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. Housing is generally the biggest monthly cost that you would need to account for. The average rent in Redondo Beach (located in Los Angeles-Long Beach-Glendale Metro Div.) metro area for a 2-bed home is $2,717, which is 132% more than the average rent across the US.
The average “list” price for the homes that sold was $1,514,688 with the average sold price at $1,626,255 meaning that, in general, homes sold WAY higher than the list price. The average price per foot was $952 and median days on market was and extremely brief 7 before going into pending status. See how that compares with other months on our Redondo Beach real estate market trends and statistics page. Keep informed on the price of Redondo Beach homes and know what direction the real estate market is heading. See below for the median price of South Bay Homes in October and see the change in average home price from 2011. Average home prices based on one month of information can vary quite a bit based on a number of factors but the information can show an overall housing market trend in Redondo Beach.
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Housing swings affordability the most between places in California, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations. According to the most recent data on the cost of living, Redondo Beach has an overall cost of living index of 189 which is 1.9x higher than the national index of 100. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research. Visit our Buyer Resource Center for the latest home buying advice from top real estate agents across the country.
Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Total monthly expenditure you can expect to incur depends on the cost of housing, food, utilities, transportation, healthcare, other miscellaneous goods and services. Note that your household composition and home ownership status (renting vs. owning) might affect your monthly expenses. Create an account to save and share your favorite homes and searches.
Schools in North Redondo Beach
However, this average takes into account both metro and suburban areas. So, the costs may go up or down depending on which neighborhood you eventually decide to stay. The median household income in a city certainly helps gauge the cost of living.
Get cash offers with HomeLight Simple Sale, the fastest way to sell your home. The median home price in Redondo Beach is $1,300,000 with a median price per sqft of $706. The minimum salary you need to live in Redondo Beach is the sum of your daily expenses , your monthly housing-related costs , any debt expenses , as well as your savings and investment goals. Houses in Redondo Beach, CA rent between $1,700 - $14,000 with a median rent of $3,850. The price range for all bedrooms and all property types is $1,700 to $14,000. 80% of Redondo Beach homebuyers searched to stay within the Redondo Beach metropolitan area.
There was no real rhyme or reason to it with some cities way up and others way down. Redondo Beach real estate was one of the exceptions to the massive percentage changes with a very modest 6% increase in home prices over July of 2016. Overall Redondo Beach saw 95 home sales with a median price of $975,000. Most people think that the holidays are a down time in real estate….but that hasn’t been the case in Redondo Beach for the past few years and December 2015 was no exception.
Homes in Redondo Beach receive 4 offers on average and sell in around 38.5 days. The average sale price of a home in Redondo Beach was $1.45M last month, up 15.1% since last year. The average sale price per square foot in Redondo Beach is $736, up 2.9% since last year. Homes in North Redondo Beach receive 1 offers on average and sell in around 49 days. The average sale price of a home in North Redondo Beach was $1.5M last month, up 16.7% since last year.
Take a look below at the median home prices in the various cities of the South Bay. For more detailed trends and stats on the real estate market, view our South Bay real estate trends and statistics page. Recently sold homes in Redondo Beach, CA had a median listing home price of $1,475,000. There were 330 properties sold in Redondo Beach, CA, which spent an average of 76 days on the market.
Get an estimate of income required to live comfortably in Redondo Beach. Our cost of living calculator will give you an estimate of your expected expenditures on food, utilities, transportation, housing, healthcare, and more. Simply pick your marital status and family type from the drop-down. The calculator will give you a breakdown of your monthly spends on food, utilities, transportation, housing, healthcare, and other miscellaneous items to help you determine your cost of living in Redondo Beach. Market temperature is based on changes in renter demand compared to the national average.
Most other South Bay cities also saw some significant year over year increases in prices with the exceptions being Torrance, Marina Del Rey and Playa Del Rey. To see the actual homes sales in each city visit our recent home sales price and information site. The numbers for March are in Redondo Beach saw another solid month with89 homes sold in Redondo Beachand a median home price of $893,000 which was slightly up from the previous month. There is a healthy number of new construction projects coming out in both north and south Redondo which is helping keep the home prices up.
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