South Redondo Beach Market Report - September 2008
By Tiffany Wilson, SFR, First Time Home Buyers & Investors
(eReal Estate Corp)
For Sale Vs. Sold South Redondo's low level of sales continued into September. There was a small reprieve in the number of homes on the market, though that can be attributed to the 3 sales from the previous month, with the remaining 2 fewer homes most likely being removed from the market. South Redondo Beach is an amazing place where many people would choose to live. However, we have seen such lackluster sales in the past year. My theory is that the homes in South Redondo Beach are just priced too high for the current buying population. The next graph may support this theory. Days on Market - Sold Vs List Price (as a Percentage) In today's market it is not uncommon for homes to sell below the asking price. On average, I am seeing most areas sell around 3% below the asking price. O...
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