january 2017 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions January 2017

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Table of

Contents

Key Statistics for January

Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for January

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 76 34 -42 -55.3%

Median Sales Price 919,500 927,000 7,500 0.8%

Median Days to Sell 15 49 34 226.7%

Listings 119 134 15 12.6%

Sales/Listing Ratio 63.9% 25.4% -38.5% -60.3%

Months of Inventory 2.0 4.0 2.0 100.0%

Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease

Total Sales 55 34 -21 -38.2%



Listings 119 134 15 12.6%

Months of Inventory 2.0 4.0 2 100.0%



Total Sales Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 10

S Redondo Beach W of PCH 6

N Redondo Beach/Villas South 4

S Redondo Beach S of Torrance Blvd 4

S Redondo Beach N of Torrance Blvd 2

N Redondo Beach/Golden Hills 7

N Redondo Beach/El Nido 1

Total Sales 34

-

5

10

15

20

25

30

35

Jan Feb Mar

2017 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 2015 2016 2017

N Redondo Beach/Villas North 14 10 10

S Redondo Beach W of PCH 6 6 6

N Redondo Beach/Villas South 6 15 4

S Redondo Beach S of Torrance Blvd 8 10 4

S Redondo Beach N of Torrance Blvd 6 8 2

N Redondo Beach/Golden Hills 6 3 7

N Redondo Beach/El Nido 1 3 1

Total Sales 47 55 34

-

10

20

30

40

50

60

2015 2016 2017

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








Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 907,000

S Redondo Beach W of PCH 897,500

N Redondo Beach/Villas South 1,067,500

S Redondo Beach S of Torrance Blvd 1,097,500

S Redondo Beach N of Torrance Blvd 1,212,000

N Redondo Beach/Golden Hills 929,000

N Redondo Beach/El Nido 821,000

Market Median Sales Price 927,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Jan Feb Mar

2017 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2015 2016 2017

N Redondo Beach/Villas North 787,500 866,725 907,000

S Redondo Beach W of PCH 698,750 922,500 897,500

N Redondo Beach/Villas South 680,000 919,000 1,067,500

S Redondo Beach S of Torrance Blvd 781,950 895,000 1,097,500

S Redondo Beach N of Torrance Blvd 942,500 839,000 1,212,000

N Redondo Beach/Golden Hills 981,500 945,000 929,000

N Redondo Beach/El Nido 575,000 720,000 821,000

Market Median Sales Price 810,000 880,000 927,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2015 2016 2017

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








Market Median Sales Price



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








Total Active Listings 134

-

5

10

15

20

25

30

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

2017 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








Total Active Listings 134

Total Sales 34

Sales/Listings Ratio 25.4%

-

20

40

60

80

100

120

140


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2015 2016 2017

N Redondo Beach/Villas North 24 14 27

S Redondo Beach W of PCH 20 32 19

N Redondo Beach/Villas South 33 19 27

S Redondo Beach S of Torrance Blvd 17 15 19

S Redondo Beach N of Torrance Blvd 20 20 23

N Redondo Beach/Golden Hills 8 12 14

N Redondo Beach/El Nido 11 7 5

Total Active Listings 133 119 134

-

20

40

60

80

100

120

140

2015 2016 2017

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








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 3.0

S Redondo Beach W of PCH 3.0

N Redondo Beach/Villas South 7.0

S Redondo Beach S of Torrance Blvd 5.0

S Redondo Beach N of Torrance Blvd 12.0

N Redondo Beach/Golden Hills 2.0

N Redondo Beach/El Nido 5.0

-

2.0

4.0

6.0

8.0

10.0

12.0


2017 Months of Inventory by Map Area










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

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

2017 4.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2017 Months of Inventory Year-to-Year

2015

2016

2017


Summary Real estate activity in Redondo Beach during January was uninspiring as total sales dropped 55.3%, median days to sell spiked 226.7%, and the sales-listing ratio plummeted 60.3%. Thankfully the median sales price held steady by posting a 0.8% increase while net listings improved 12.6%. Year-over-year months of inventory data point doubled from 2016 to 2017.

In January, C.A.R. reported “Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December.” http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.


Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease

Total Sales 55 34 -21 -38.2%



Listings 119 134 15 12.6%

Months of Inventory 2.0 4.0 2 100.0%

Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 76 34 -42 -55.3%



Listings 119 134 15 12.6%

Sales/Listing Ratio 63.9% 25.4% -38.5% -60.3%

Months of Inventory 2.0 4.0 2.0 100.0%


http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?view=Standard

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RE/MAX 100% Club - 2011

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


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