Redondo Beach Home Sales for First Quarter 2010
By Tony Cordi
(Tony Cordi, Broker (Beachtime Realty))
Redondo Beach Homes Sales for First Quarter 2010 A month has passed since my last update on Redondo Beach home sales. In my post Redondo Beach February Home Sales, I suggested that home prices, which had been relatively flat compared to last year, might inch up a little given the encouraging escrow activity in late February. Sure enough, the escrows that closed this past month sufficiently boosted the median sale price for the first quarter up by just under six percent from the same time frame last year. The median price for all home types closing escrow last year was $640,000 on 135 sales. This year, the number of closings has jumped to 172 and the median price has lifted as well, reaching $676,500. To add context to this within the beach cities, the median prices for the first q...
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