Looking for Redondo Beach Homes For Sale? You found the Right Place! The beach, the warm sun and its laid back lifestyle have made Redondo Beach, California one of the most sought-after cities in the South Bay real estate market. In recent years, the prices of homes for sale in Redondo Beach have been on the uptick, as buyers from neighboring beach communities have looked for other options. The median home value in Redondo Beach is $920,000, an increase of 7.8% year to date and the prices of homes for sale in Redondo Beach are expected to climb another 1.7% within the next 12 year.
Although this is technically a seller’s market, it doesn’t feel like it. Perhaps you noticed all of the signs in the yard and open houses. At Xavier & Xavier, so have we. With so many homes for sale in Redondo Beach on one hand and rising market prices on the other, what is at play?
The obvious trend is that rising prices have enticed home owners to list their home, but market demand has not kept up pace with homeowners attempting to capitalize on the upswing. In other words, more homeowners arrived at the price that motivated them to start packing.
Then, a dose of reality set in, as buyers seeking homes for sale in Redondo Beach suddenly had more opportunities to choose from. The negotiations returned to a more level playing field with many homes not selling at or over the asking price.
Today, sellers face the risk of downward pressure on price if more inventory hits the market. For buyers, there is the looming possibility of higher interest rates, preventing them from affording the current or slightly reduced prices of homes for sale in Redondo Beach.
The market is always changing, but overall, the conditions are ideal right now whether you are buying or selling, and Sam and Bindu Xavier, Realtors with RE/MAX Estate Properties looks forward to exceeding your real estate expectations. ca dre #01449986 & 01818247.