Redondo Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Redondo Beach Neighborhoods Since 2000




Redondo Beach, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Redondo Beach Housing Market Information

With a population of 68,166, 27,733 total housing units (homes and apartments), and a median house value of $954,254, 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 39.74% of the city's housing units. Other types of housing that are prevalent in Redondo Beach include large apartment complexes or high rise apartments ( 32.17%), row houses and other attached homes ( 14.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.62%).

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.

There is a lot of housing in Redondo Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redondo Beach built between 1940-1969 ( 43.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.87%). There's also some housing in Redondo Beach built before 1939 ( 5.00%).

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 20.91% over the last ten years, which is an average annual home appreciation rate of 1.92%, putting Redondo Beach in the top 20% 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.

Appreciation rates are so strong in Redondo Beach that despite a nationwide downturn in the housing market, Redondo Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Redondo Beach appreciation rates continue to be some of the highest in America, at 7.50%, which is higher than appreciation rates in 84.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Redondo Beach. Redondo Beach appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Redondo Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Redondo Beach's latest annual appreciation rate is lower than 50% 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 2000, to assist you in making the best Redondo Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$954,254

Redondo Beach, CA HOME PRICES

Value Range
> $1,292,000 15.4
$969,001 - $1,292,000 32.6
$646,001 - $969,000 38.4
$517,001 - $646,000 5.5
$387,001 - $517,000 4.3
$258,001 - $387,000 1.1
$129,001 - $258,000 0.8
$64,001 - $129,000 0.7
$0 - $64,000 1.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.18363998593695 12.5661375661376

Number Of Homes And Apartments:
27,733

Redondo Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
150.86% 5.48% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,385 / per month

Homeownership Rate

Homeownership
Owners 49.77
Renters 50.23
Vacant 6.82

Housing Market Details

 

Age of Homes

AGE OF Redondo Beach HOMES
2000 or Newer 7.9
1970 - 1999 44.0
1940 - 1969 43.1
1939 or Older 5.0

Types of Homes

TYPE OF Redondo Beach HOMES
Single-Family 39.7
Townhomes 14.1
Small Apt. Buildings 13.6
Apt. Complexes 32.2
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Redondo Beach HOMES
No Bedroom 2.09
1 Bedroom 16.76
2 Bedrooms 34.46
3 Bedrooms 30.67
4 Bedrooms 13.42
5 or more bedrooms 2.60