december 2015 redondo beach real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for December
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
About Hady Chahine Contact Information
Key Statistics for December
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 69 27 64.3%
Median Sales Price 830,500 832,500 2,000 0.2%
Median Days to Sell 34 40 6 17.6%
Listings 134 94 -40 -29.9%
Sales/Listing Ratio 31.3% 73.4% 42.1% 134.5%
Months of Inventory 3.0 1.0 -2.0 -66.7%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 73 69 -4 -5.5%
Median Sales Price 760,000 832,500 72,500 9.5%
Median Days to Sell 51 40 -11 -21.6%
Listings 100 94 -6 -6.0%
Months of Inventory 1.2 1.0 -0.2 -16.7%
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Total Sales Month-to-Month by Map Area Oct Nov Dec
N Redondo Beach/Villas North 17 11 16
S Redondo Beach W of PCH 10 8 3
N Redondo Beach/Villas South 19 9 17
S Redondo Beach S of Torrance Blvd 14 4 8
S Redondo Beach N of Torrance Blvd 12 4 10
N Redondo Beach/Golden Hills 9 5 9
N Redondo Beach/El Nido 2 1 6
Total Sales 83 42 69
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10
20
30
40
50
60
70
80
90
Oct Nov Dec
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
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Total Sales Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 17 14 16
S Redondo Beach W of PCH 12 8 3
N Redondo Beach/Villas South 13 14 17
S Redondo Beach S of Torrance Blvd 6 8 8
S Redondo Beach N of Torrance Blvd 9 21 10
N Redondo Beach/Golden Hills 8 5 9
N Redondo Beach/El Nido 4 3 6
Total Sales 69 73 69
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10
20
30
40
50
60
70
80
2013 2014 2015
Total Sales Year-to-Year by Map Area: December
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
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Median Sales Price Month-to-Month by Map Area Oct Nov Dec
N Redondo Beach/Villas North 730,000 850,000 789,500
S Redondo Beach W of PCH 778,000 682,000 850,000
N Redondo Beach/Villas South 855,000 930,000 860,000
S Redondo Beach S of Torrance Blvd 938,000 922,000 974,750
S Redondo Beach N of Torrance Blvd 896,000 1,215,000 875,000
N Redondo Beach/Golden Hills 940,000 811,000 938,000
N Redondo Beach/El Nido 707,500 621,000 736,000
Market Median Sales Price 850,000 830,500 832,500
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Oct Nov Dec
2015 Median Sales Price 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 690,000 712,500 789,500
S Redondo Beach W of PCH 815,000 957,000 850,000
N Redondo Beach/Villas South 660,000 650,000 860,000
S Redondo Beach S of Torrance Blvd 798,750 792,813 974,750
S Redondo Beach N of Torrance Blvd 917,500 860,000 875,000
N Redondo Beach/Golden Hills 785,250 765,000 938,000
N Redondo Beach/El Nido 780,000 750,000 736,000
Market Median Sales Price 775,000 760,000 832,500
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: December
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
Market Median Sales Price
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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 19 9
S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32 23
N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26 20
S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21 18
S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19 14
N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9 7
N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8 3
Total Active Listings 97 112 119 156 164 141 147 137 155 149 134 94
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5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Active Listings 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
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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 19 9
S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32 23
N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26 20
S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21 18
S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19 14
N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9 7
N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8 3
Total Active Listings 97 112 119 156 164 141 147 137 155 149 134 94
Total Sales 46 41 81 79 89 90 99 75 73 83 42 69
Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1% 55.7% 31.3% 73.4%
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180
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 25 21 9
S Redondo Beach W of PCH 23 12 23
N Redondo Beach/Villas South 20 26 20
S Redondo Beach S of Torrance Blvd 17 19 18
S Redondo Beach N of Torrance Blvd 27 12 14
N Redondo Beach/Golden Hills 11 5 7
N Redondo Beach/El Nido 10 5 3
Total Active Listings 133 100 94
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20
40
60
80
100
120
140
2013 2014 2015
Active Listings Year-to-Year by Map Area: December
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 Active Listings
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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 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 4.0 8.0
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 3.0 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 5.0 2.0
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 5.0 1.0
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 2.0 1.0
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 8.0 1.0
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2.0
4.0
6.0
8.0
10.0
12.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Months of Inventory 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
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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 3.0 1.0
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0.5
1.0
1.5
2.0
2.5
3.0
3.5
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Months of Inventory Year-to-Year
2013
2014
2015
Summary Total closed escrows for Redondo Beach residential properties increased 64.3% month-over-month to end 2015. Other positive metrics include median sales price (+0.2%) and sales-listing ratio (134.5%). The flip-side to this coin is that median days to sell and total net listings produced less favorable numbers, or +17.6% and -29.9% respectively speaking. The median sales price year-over-year metric improved 9.5% or $72.5K for properties located in this highly coveted beach community. In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in California, up 6.4 percent from a revised 382,720 in 2014.” http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a realtor it doesn’t cost you more to work with the best.
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Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 73 69 -4 -5.5%
Median Sales Price 760,000 832,500 72,500 9.5%
Median Days to Sell 51 40 -11 -21.6%
Listings 100 94 -6 -6.0%
Months of Inventory 1.2 1.0 -0.2 -16.7%
Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 42 69 27 64.3%
Median Sales Price 830,500 832,500 2,000 0.2%
Median Days to Sell 34 40 6 17.6%
Listings 134 94 -40 -29.9%
Sales/Listing Ratio 31.3% 73.4% 42.1% 134.5%
Months of Inventory 3.0 1.0 -2.0 -66.7%
Serving South Bay Home Buyers and Sellers Since 2001
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RE/MAX 100% Club - 2011
Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010
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