Redondo Beach Real Estate Normalizing?Blog, Real Estate News, South Redondo Beach News
The red hot Redondo Beach housing market may be showing signs of a normal market. The median home price in July remained flat from last month. The slow down in appreciation came with a surge in the number of homes sold which indicates a growing supply of homes. 101 homes sold in Redondo Beach in July of this year compared with only 70 homes in July of 2012, an increase of 40%. The latest sales figures are the highest number of Redondo Beach homes sold in July since 2003. Sellers who had been on the sidelines waiting for better prices are now deciding it’s time to sell. If you noticed a lot of “For Sale” signs in the neighborhood, you were right. Even though interest rates have drifted upward, buyers remain anxious and homes are selling quickly, usually with multiple offers. I am working hard helping people make there real estate dreams a reality. Let me know if the time is right for you.