South Redondo May 2013 Real Estate Market Update



by sxavier on May 8, 2013

We have more inventory going into the second quarter. As of May 8, 2013 we have 37 active SFR’s on the market ranging from $655K- $2.995M. 12 active townhouses ranging from $650K – $1.799M and 11 condo’s ranging from $460K-$869K. Prices are continuing to rise each month. There were only 7 closed SFR’s in April and were all standard equity sales. 13 townhomes closed and all were standard sales.  There were 9 condo’s that sold, 8 being standard sales and 1 Probate Sale.  As you can see distressed sales are now non existent. Average days on the market for SFR’s were 31 days down from 41 days on the market, townhouses 41 days significantly down from 68 days and Condos, 56 days down from 81 days on the market in March 2013. As you can see time to market is much lower than previous months this year and we are continuing to see multiple offers over asking price on most all South Redondo properties!

 

We are currently in a seller’s market and we still have a shortage of housing 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 quickly and smoothly!  Thank You, Sam and Bindu Xavier, Your South Redondo Real Estate Specialists.

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