March 2013 South Redondo Market Update

by sxavier on March 2, 2013

We face limited inventory going into the New Year. As of March 1, 2013 we have 23 active SFR’s on the market ranging from $669K- $2.199M. 18 active townhouses ranging from $460K – $1.195M and 12 condo’s ranging from $395K-$850K , There were only 14 closed SFR’s in February consisting of 13 standard sales and 1 REO. 4 townhomes closed consisting of 3 standard sales, 1 short sale. There were 4 condo’s that sold, 3 being standard sales and 1 REO. As you can see distressed sales are on the decline. Average days on the market for SFR’s were 41 days, townhouses 97 days up from 68 days and Condos, 81 days down from 110 days on the market in 90277.

We are definitely in a seller’s market and we have a shortage of new inventory in South Redondo Beach. If you are considering listing your home for sale please contact Xavier and Xavier for a free custom market analysis to get your home listed and sold in no time! Thank You, Sam and Bindu Xavier

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