Redondo Beach Real Estate
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This is an overview of the Redondo Beach real estate market. It is intended as a resource for investors and other home buyers when researching Redondo Beach homes for sale.
The information is compiled from many sources, and will be updated every 3 months, however, some of the sources drawn from may be a few years older.
Last updated 3/15/2010.
OVERVIEW
Redondo Beach is located in Los Angeles County in Southern California. The area code is 310 and the zip codes include: 90277 and 90278. The population is around 66,000 and the area covers 6.28 square miles.
Compared to the rest of California, Redondo Beach has homes with a smaller number of rooms. The age of the houses is less, and there is a higher percentage of residents with at least a bachelor's degree.
MEDIAN HOME PRICE
The median sale price according to Zillow is $648,000 and according to Cyberhomes is $720,000.
PROPERTY TAXES
The median property taxes for houses with a mortgage are around $4900.
RENTS
The median gross rent is $1498 with a 5.4% vacancy rate.
RENTERS VS. HOMEOWNERS
Around 50% are renters and 4% of homes are vacant.
MEDIAN INCOME
The estimated median household income is $111,000.
THE HOUSES
Most of Redondo Beach real estate was built in the 1970's, with the next largest group being built in the 1950's. The third largest group was built in the 1960s.
JOBS
The most common 4 occupations include sale & office, professional & related, service oriented and management & business.
There was 11.9% unemployment as of July of 2009.
COMMUTING
The average time for commuters to get to work is 29 minutes. Approximately 4% work from home.
THE PEOPLE
Ethnic makeup in this area is 71% white non-hispanic and 14% hispanic and the rest are under 5% each. Of the 17% foreign born residents, most are from Mexico, and the rest are pretty evenly divided amongst Japan, the UK, the Philippines, Canada, Iran and Korea.
EDUCATION
48% have a bachelor's degree or higher, while 17% have a graduate or professional degree.
THE WEATHER
Temperatures range from 78 in summer to 45 degrees Fahrenheit in winter. There are usually 33 days of precipitation and you can expect about 262 sunny days per year. Rainfall is 14 inches annually.
DISCLAIMER: All information is obtained amd combined from multiple sources but we cannot guarantee their accuracy.
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