Nestled approximately 20 miles away from the activity of downtown Los Angeles, the coastal city of Redondo Beach provides residents with more than 15 parks, a recreational and commercial harbor as well as a pier and a lagoon for the relaxed lifestyle of Southern California.
The 2010 U.S. Census of Population and Housing found the number of residents has steadily been increasing, up 5.5 percent between 2000 and 2010 while the overall population of California increased 10 percent during that time. The city is made up of only 6.35 square miles and has remained a primarily residential community and a desirable place for families.
The median price of a single family home was $785,000, well over the statewide price of $458,500 and more than the average cost of most real estate in Los Angeles County. Home values are a reflection of the median household income, which was $91,737 between 2006 and 2010, significantly higher than the state median of $60,883.
The 2010 census listed the median age of residents of Redondo Beach as around 39 with 27 percent of the population under the age of 18 while only 7.4 percent of residents were 65 years of age of older.
Homes for sale in Los Angeles could continue to see multiple offers, as mortgage rates have remained near all-time lows despite rising in two consecutive weeks.