Redondo Beach Home Prices Rising

Blog, Buying, Community News, Market Updates, North Redondo Beach News
It is hard to believe that we are already at the middle of 2012, time sure flies when you are having fun. We are also in the middle of a the prime home buying and selling season, and the good times are rolling. The mood in the market place has shifted, buyer are motivated to take advantage of record low interest rates, with that said homes are selling quickly and for more money. According to the MLS in Redondo Beach 87 transactions closed in May 2012, compared to 55 in May 2011. That is an increase of 58%. In June there we more homes in escrow in Redondo Beach than were listed for sale, that is someting we have not seen since the boom of 2005. The net result is that Redondo Beach real estate is appreciating