december 2016 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions December 2016

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Table of

Contents

Key Statistics for December

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for December

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 67 76 9 13.4%

Median Sales Price 899,000 919,500 20,500 2.3%

Median Days to Sell 46 15 -31 -67.4%

Listings 142 119 -23 -16.2%

Sales/Listing Ratio 47.2% 63.9% 16.7% 35.4%

Months of Inventory 2.0 2.0 0.0 0.0%

Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease




Listings 118 119 1 0.8%

Months of Inventory 1.0 2.0 1 100.0%



Total Sales Month-to-Month by Map Area Oct Nov Dec

N Redondo Beach/Villas North 22 18 11

S Redondo Beach W of PCH 8 13 18

N Redondo Beach/Villas South 12 15 16

S Redondo Beach S of Torrance Blvd 9 5 7

S Redondo Beach N of Torrance Blvd 5 8 9

N Redondo Beach/Golden Hills 8 6 10

N Redondo Beach/El Nido 2 2 5

Total Sales 66 67 76

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10

20

30

40

50

60

70

80

Oct Nov Dec

2016 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 2014 2015 2016








Total Sales 73 70 76

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10

20

30

40

50

60

70

80

2014 2015 2016

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








Total Sales



Median Sales Price Month-to-Month by Map Area Oct Nov Dec

N Redondo Beach/Villas North 857,000 837,000 860,000

S Redondo Beach W of PCH 872,500 1,050,000 1,070,000

N Redondo Beach/Villas South 875,950 870,000 784,000

S Redondo Beach S of Torrance Blvd 1,085,000 1,880,000 1,499,000

S Redondo Beach N of Torrance Blvd 860,000 880,500 1,049,000

N Redondo Beach/Golden Hills 898,500 928,500 1,090,000

N Redondo Beach/El Nido 1,180,000 1,165,000 725,000

Market Median Sales Price 891,000 899,000 919,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Oct Nov Dec

2016 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 712,500 789,500 860,000

S Redondo Beach W of PCH 957,000 850,000 1,070,000

N Redondo Beach/Villas South 650,000 823,000 784,000

S Redondo Beach S of Torrance Blvd 792,813 974,750 1,499,000

S Redondo Beach N of Torrance Blvd 860,000 875,000 1,049,000

N Redondo Beach/Golden Hills 765,000 938,000 1,090,000

N Redondo Beach/El Nido 750,000 736,000 725,000

Market Median Sales Price 760,000 826,250 919,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2014 2015 2016

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








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 9 18 18 14 21 29 26 47 39 39 34 30

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24 27 24

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38 25 16

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19 16 19

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27 22 14

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13 12 9

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9 6 7

Total Active Listings 98 116 123 122 135 174 158 173 186 169 142 119

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5

10

15

20

25

30

35

40

45

50

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

2016 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 9 18 18 14 21 29 26 47 39 39 34 30

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24 27 24

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38 25 16

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19 16 19

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27 22 14

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13 12 9

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9 6 7

Total Active Listings 98 116 123 122 135 174 158 173 186 169 142 119

Total Sales 54 34 73 87 83 89 83 82 63 66 67 76

Sales/Listings Ratio 55.1% 29.3% 59.3% 71.3% 61.5% 51.1% 52.5% 47.4% 33.9% 39.1% 47.2% 63.9%

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20

40

60

80

100

120

140

160

180

200


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016








Total Active Listings 119 118 119

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20

40

60

80

100

120

2014 2015 2016

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








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 1.0 4.0 2.0 1.0 1.0 3.0 2.0 3.0 2.0 2.0 2.0 3.0

S Redondo Beach W of PCH 4.0 16.0 2.0 2.0 2.0 2.0 3.0 2.0 3.0 3.0 2.0 1.0

N Redondo Beach/Villas South 1.0 2.0 2.0 2.0 1.0 2.0 1.0 2.0 4.0 3.0 2.0 1.0

S Redondo Beach S of Torrance Blvd 2.0 2.0 2.0 2.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0 3.0

S Redondo Beach N of Torrance Blvd 2.0 2.0 2.0 2.0 3.0 2.0 2.0 2.0 6.0 5.0 3.0 2.0

N Redondo Beach/Golden Hills 3.0 15.0 1.0 1.0 1.0 2.0 2.0 1.0 3.0 2.0 2.0 1.0

N Redondo Beach/El Nido 1.0 - 1.0 1.0 1.0 1.0 3.0 7.0 2.0 5.0 3.0 1.0

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2016 Months of Inventory by Map Area










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

2014 3.0 4.0 2.0 2.0 3.0 3.0 2.0 3.0 3.0 2.0 2.0 1.0

2015 2.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 1.0

2016 2.0 3.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0 3.0 2.0 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2016 Months of Inventory Year-to-Year

2014

2015

2016


Summary Compared to neighboring real estate markets investment in Redondo Beach residential property was busy in December as total sales improved 13.4%, median sales price increased 2.3%, median days to sell dropped 67.4%, and the sales-listing ratio jumped 35.4%. Net listings, however, did fall 16.5% month-over-month. Year-over-year months of inventory data point doubled from December 2015 to 2016.

In December, C.A.R. reported ““Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to decline to 3.1 months in November from 4.2 months in November 2015.” http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!


Monthly Comparison Year-to-Year Dec 2015 Dec 2016 Delta Delta Increase Decrease




Listings 118 119 1 0.8%

Months of Inventory 1.0 2.0 1 100.0%

Month-to-Month Comparison Nov 2016 Dec 2016 Delta (qty) Delta (%) Increase Decrease




Listings 142 119 -23 -16.2%

Sales/Listing Ratio 47.2% 63.9% 16.7% 35.4%

Months of Inventory 2.0 2.0 0.0 0.0%


http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?view=Standard

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