Redondo Beach appreciation rates and housing market information

Redondo Beach housing market information

With 63,261 people, 29,543 houses or apartments, and a median cost of homes of $811,387, Redondo Beach house prices are not only among the most expensive in California, Redondo Beach real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Redondo Beach, accounting for 38.76% of the city's housing units. Other types of housing that are prevalent in Redondo Beach include large apartment complexes or high rise apartments (31.96%), row houses and other attached homes (14.24%), and a few duplexes, homes converted to apartments, or other small apartment buildings (13.75%).

People in Redondo Beach primarily live in small (one, two, or no bedroom) single-family detached homes. Redondo Beach has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Redondo Beach's housing was primarily built during this period, from the '40s through the '60s. A full 45.95% of the city's housing hails from this era. Other housing ages represented in Redondo Beach include homes built between 1970-1994 (44.37%), and housing constructed from 1939 and earlier (6.28%). There's also some housing in Redondo Beach built between 1995 and later (3.40%).

Redondo Beach home appreciation rates

In the last 10 years, Redondo Beach has experienced some of the highest home appreciation rates of any community in the nation. Redondo Beach real estate appreciated 118.43% over the last ten years, which is an average annual home appreciation rate of 11.84%, putting Redondo Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Redondo Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Redondo Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Redondo Beach's appreciation rate has been -16.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Redondo Beach were at -1.05%, which equates to an annual appreciation rate of -4.20%.

Notably, Redondo Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Redondo Beach's latest annual appreciation rate is higher than 39% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Redondo Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Redondo Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Redondo Beach real estate investment or home purchase decisions.