Redondo Realtor Report, February 11, 2006

Realtor observations are still a mixed bag in Redondo Beach.

Realtor Don Tambini rates the current market 3 out of 5 (1=buyer's, 5=seller's) and the current price trend 3 out of 5 (1=falling, 5=rising). He reports:

Sales activity has slowed in Redondo Beach compared to last year. Single family residence (SFR) and condo prices were about the same in January of 2006 compared to January of 2005 but townhouse prices have risen.

                      Jan 2006    Jan 2005
Number SFRs sold:     15          30              
Average price:        $1,051,000  $920,000        +14.2%
Avg time on market:   76          32              +137%           

As of February 11:
SFRs on market:         77
Average price:          $1,065,000
avg time on market:     38
townhouses on market:   87
avg price:              $844,000
avg time on market:     33
condos on market:       33
avg price:              $799,000
avg time on market:     35

South Bay Home Team has not released any data for January, choosing instead to focus on the final quarter of 2005. SBHT ranks current market and current price trend both 5 out of 5. This is the SBHT data for Q4 2005 (which is not particularly new data):

                    Q4 2005      Q4 2004
number home sales:  248          340         -27%
median price:       $799,000     $679,000    +18%
median DOM:         32