Golden Hills – North Redondo Beach up 12% Year-Over-Year

The median sales prices for single family homes in the Golden Hills area in North Redondo Beach have reached a new all-time high at $1,100,000 in May 2018, up 12% from a year earlier when prices were at $982,500. If you go back five years, the median sale price is up 47.25%, (median sale price was $747,000 in May 2013.)

Look for the Golden Hills area to stay hot as the inventory “months supply” is at only .07 months in May 2018, down 30% from a year earlier when supply was at 1.0 months – still very tight. Additionally, home that are on the market are moving fast – the average days on market is 22, which is down 24.1% over same period last year. Finally, the average price per square foot paid was $656.00 in May and is up 53% when compared to the $429.00 average price per square foot paid in May 2013.

Current Market Snapshot by Market Area

NORTH REDONDO BEACH

 

VILLAS NORTH | Single Family Residence

Active listings: 3
Minimum list price: $1,179,000
Maximum list price: $1,849,000
Average list price: $1,507,667
Median list price: $979,000
Average days on market: 35
Months of inventory: 3

Closed Sales Y-T-D 15
Minimum close price: $770,000
Maximum close price: $1,950,000
Average close price: $1,227,800
Median close price: $1,185,000
Average days on market: 24
Average sales discount: +2.95% over list

VILLAS SOUTH | Single Family Residence

Active listings: none
Closed Sales Y-T-D: 7
Minimum close price: $875,000
Maximum close price: $1,650,000
Average close price: $1,240,214
Median close price: $1,260,000
Average days on market: 9
Average sales discount: +4.36% over list

EL NIDO | Single Family Residence

Active listings: 5
Minimum list price: $879,999
Maximum list price: $1,101,000
Average list price: $963,800
Median list price: $854,000
Average days on market: 45
Months of inventory: 6

Closed Sales Y-T-D: 10
Minimum close price: $809,000
Maximum close price: $1,589,000
Average close price: $1,063,299
Median close price: $963,500
Average days on market: 15
Average sales discount: +3.78% over list

GOLDEN HILLS | Single Family Residence

Active listings:1
List price: $999,000
Average days on market: 55
Months of inventory: 2

Closed Sales Y-T-D: 39
Minimum close price: $803,000
Maximum close price: $1,400,000
Average close price: $1,040,677
Median close price: $1,095,000
Average days on market: 18
Average sales discount: +2.65% over list

 

Write it on your heart that every day is the best day in the year.” — Ralph Waldo Emerson

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