Redondo Beach Real Estate Market Conditions - October 2015

Redondo Beach Residential Real Estate

Market Conditions October 2015

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Table of

Contents

Key Statistics for October

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for October

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 73 83 10 13.7%

Median Sales Price 880,000 850,000 (30,000) -3.4%

Median Days to Sell 45 33 -12 -26.7%

Listings 155 149 -6 -3.9%

Sales/Listing Ratio 47.1% 55.7% 8.6% 18.3%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Oct 2014 Oct 2015 Delta Delta Increase Decrease

Total Sales 79 83 4 5.1%

Median Sales Price 808,000 850,000 42,000 5.2%


Listings 175 149 -26 -14.9%




Total Sales Month-to-Month by Map Area Aug Sep Oct

N Redondo Beach/Villas North 15 14 17

S Redondo Beach W of PCH 15 10 10

N Redondo Beach/Villas South 18 18 19

S Redondo Beach S of Torrance Blvd 7 8 14

S Redondo Beach N of Torrance Blvd 11 13 12

N Redondo Beach/Golden Hills 7 7 9

N Redondo Beach/El Nido 2 3 2

Total Sales 75 73 83

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10

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30

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50

60

70

80

90

Aug Sep Oct

2015 Total Sales Month-to-Month by Map Area

N Redondo Beach/Villas North

S Redondo Beach W of PCH

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Total Sales



Total Sales Year-to-Year by Map Area 2013 2014 2015








Total Sales 68 79 83

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30

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80

90

2013 2014 2015

Total Sales Year-to-Year by Map Area: October








Total Sales



Median Sales Price Month-to-Month by Map Area Aug Sep Oct

N Redondo Beach/Villas North 839,000 749,375 730,000

S Redondo Beach W of PCH 705,000 758,750 778,000

N Redondo Beach/Villas South 706,200 728,750 855,000

S Redondo Beach S of Torrance Blvd 748,000 1,294,000 938,000

S Redondo Beach N of Torrance Blvd 995,000 1,043,000 896,000

N Redondo Beach/Golden Hills 935,000 1,020,000 940,000

N Redondo Beach/El Nido 1,092,250 870,000 707,500

Market Median Sales Price 795,000 880,000 850,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Aug Sep Oct

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 669,000 705,000 730,000

S Redondo Beach W of PCH 757,500 1,060,000 778,000

N Redondo Beach/Villas South 735,000 808,000 855,000

S Redondo Beach S of Torrance Blvd 745,000 925,000 938,000

S Redondo Beach N of Torrance Blvd 930,000 1,167,007 896,000

N Redondo Beach/Golden Hills 800,000 849,000 940,000

N Redondo Beach/El Nido 710,000 726,500 707,500

Market Median Sales Price 747,500 808,000 850,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

Median Sales Price Year-to-Year by Map Area: October








Market Median Sales Price



Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 18 24 25 24 38 32 31 28 31 25

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11

Total Active Listings 97 112 119 156 164 141 147 137 155 149

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40

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 Active Listings by Map Area










Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 18 24 25 24 38 32 31 28 31 25

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11

Total Active Listings 97 112 119 156 164 141 147 137 155 149

Total Sales 46 41 81 79 89 90 99 75 73 83

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1% 55.7%

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160

180


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015








Total Active Listings 174 175 149

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20

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60

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120

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180

2013 2014 2015

Active Listings Year-to-Year by Map Area: October








Total Active Listings



Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 1.4 4.8 1.4 1.6 1.9 2.0 1.0 2.0 2.0 1.0

S Redondo Beach W of PCH 2.2 4.0 1.7 1.8 1.5 2.0 2.0 1.0 3.0 3.0

N Redondo Beach/Villas South 5.2 1.8 1.1 1.9 1.5 2.0 2.0 2.0 2.0 1.0

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0 3.0 3.0 2.0 1.0

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7 4.1 2.0 1.0 2.0 2.0 2.0

N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3 2.6 1.0 1.0 1.0 2.0 2.0

N Redondo Beach/El Nido 6.0 11.0 2.0 1.4 1.6 1.0 1.0 3.0 3.0 6.0

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2.0

4.0

6.0

8.0

10.0

12.0


2015 Months of Inventory by Map Area










Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 2.6 3.0 1.9 2.3 2.0 1.8 1.9 2.0 2.0 2.2 2.8 1.6

2014 2.6 3.2 1.9 2.0 2.5 2.1 2.0 2.3 2.2 1.8 2.1 1.2

2015 2.1 2.7 1.5 2.0 1.8 2.0 1.0 2.0 2.0 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015


Summary The Redondo Beach real estate market continues to successfully attract enthusiastic buyers and sellers as total sales, median days to sell, and the sales/listing ratio tallied double digit improvements in October compared to September figures. Although the median sales price and total listings moved in the opposite direction, deltas computed were in the low single digit range. Year-over-year the median sales price is up by 5.2% or $42K. In the news… According to C.A.R., statewide “home sales exceeded the 400,000 level in the October for the seventh consecutive month and posted higher on a year-to-year basis for the ninth straight month.” http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standard For home owners thinking of selling but curious about valuation and marketing strategy please give me a call today to schedule a free CMA consultation. - No commitment, just a meet-and-greet and a chance to pick my brain about property value and market behavior in your local neighborhood.


Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 73 83 10 13.7%

Median Sales Price 880,000 850,000 (30,000) -3.4%


Listings 155 149 -6 -3.9%

Sales/Listing Ratio 47.1% 55.7% 8.6% 18.3%


Monthly Comparison Year-to-Year Oct 2014 Oct 2015 Delta Delta Increase Decrease

Total Sales 79 83 4 5.1%

Median Sales Price 808,000 850,000 42,000 5.2%


Listings 175 149 -26 -14.9%



http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standard

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RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010


About

Hady Chahine…


The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet

Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy

of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal

inspection by and/or with the appropriate professionals.


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Redondo Beach Real Estate Market Conditions - October 2015