july 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions July 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for July

Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for August

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Key Statistics for July

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 64 90 26 40.6%

Median Sales Price 819,550 862,500 42,950 5.2%

Median Days to Sell 35 30 -5 -14.3%

Listings 134 177 43 32.1%

Sales/Listing Ratio 47.8% 50.8% 3.0% 6.3%

Months of Inventory 2.1 2.0 -0.1 -4.8%

Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease

Total Sales 76 64 -12 -15.8%



Listings 196 177 -19 -9.7%

Months of Inventory 1.9 2.0 0.1 5.3%



Total Sales Month-to-Month by Map Area May Jun Jul

N Redondo Beach/Villas North 10 16 10

S Redondo Beach W of PCH 10 0 22

N Redondo Beach/Villas South 12 10 24

S Redondo Beach S of Torrance Blvd 6 11 11

S Redondo Beach N of Torrance Blvd 10 13 11

N Redondo Beach/Golden Hills 10 11 10

N Redondo Beach/El Nido 7 3 2

Total Sales 65 64 90

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90

May Jun Jul

2014 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 2012 2013 2014








Total Sales 73 76 64

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80

2012 2013 2014

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








Total Sales



Median Sales Price Month-to-Month by Map Area May Jun Jul

N Redondo Beach/Villas North 700,500 732,250 640,000

S Redondo Beach W of PCH 621,000 - 945,000

N Redondo Beach/Villas South 754,000 808,500 730,000

S Redondo Beach S of Torrance Blvd 685,763 1,000,000 1,160,000

S Redondo Beach N of Torrance Blvd 739,000 875,000 889,000

N Redondo Beach/Golden Hills 783,900 749,000 883,000

N Redondo Beach/El Nido 598,000 590,000 874,500

Market Median Sales Price 710,000 819,550 862,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

May Jun Jul

2014 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2012 2013 2014

N Redondo Beach/Villas North 717,675 605,000 640,000

S Redondo Beach W of PCH 620,000 925,000 945,000

N Redondo Beach/Villas South 632,000 687,000 730,000

S Redondo Beach S of Torrance Blvd 725,000 820,750 1,160,000

S Redondo Beach N of Torrance Blvd 765,750 885,000 889,000

N Redondo Beach/Golden Hills 660,000 790,000 883,000

N Redondo Beach/El Nido 504,500 557,500 874,500

Market Median Sales Price 677,500 752,500 862,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

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








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 27 26 31 35 33 29 33

S Redondo Beach W of PCH 20 29 37 35 40 - 38

N Redondo Beach/Villas South 30 29 24 23 27 33 34

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9

N Redondo Beach/El Nido 11 14 12 10 9 8 12

Total Active Listings 125 142 148 149 164 134 177

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5

10

15

20

25

30

35

40

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

2014 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 27 26 31 35 33 29 33

S Redondo Beach W of PCH 20 29 37 35 40 - 38

N Redondo Beach/Villas South 30 29 24 23 27 33 34

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9

N Redondo Beach/El Nido 11 14 12 10 9 8 12

Total Active Listings 125 142 148 149 164 134 177

Total Sales 49 44 79 75 65 64 90

Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% 50.8%

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20

40

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160

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2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014








Total Active Listings 247 196 177

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100

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250

2012 2013 2014

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








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 3.4 4.3 1.6 2.1 3.3 1.8 3.3

S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 - 1.7

N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3 1.4

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 2.5

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 2.2

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 0.9

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 6.0

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1.0

2.0

3.0

4.0

5.0

6.0

7.0


2014 Months of Inventory by Map Area










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

2012 3.5 5.8 3.4 3.3 3.3 3.3 3.2 3.5 2.9 2.5 2.3 2.0

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

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1.0

2.0

3.0

4.0

5.0

6.0


2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for August In summary, real estate activity in Redondo Beach during the month of July was positive according to

major performance indicators. For example, total sales were up by 40.6%, the median sales price

increased $42,960, the median days to sell dropped by 14.3%, listings jumped by 32.1%, the sales/listing

ratio improved by 6.3%, and the months of inventory decreased by 4.8%.

“What do I expect for August?” you ask. Based on the aforementioned and the fact that mortgage money

remains historically inexpensive I anticipate we will see similar statistics once August comes to an end.

Home owners contemplating listing their property for sale should act quickly as summer is coming an

end. Of course, for questions or representation I am available to act on your behalf. Buyers shopping

the market, you should contact me ASAP so we can get you pre-qualified to make an offer to purchase to

secure the property of your dreams before it is too late.

Your recap…


Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 64 90 26 40.6%



Listings 134 177 43 32.1%

Sales/Listing Ratio 47.8% 50.8% 3.0% 6.3%

Months of Inventory 2.1 2.0 -0.1 -4.8%


Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012

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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