july 2017 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions July 2017

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Table of

Contents

Key Statistics for July

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 July

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 92 80 -12 -13.0%

Median Sales Price 956,325 994,500 38,175 4.0%

Median Days to Sell 9 8 -1 -11.1%

Listings 146 135 -11 -7.5%

Sales/Listing Ratio 63.0% 59.3% -3.7% -5.9%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 83 80 -3 -3.6%



Listings 146 135 -11 -7.5%

Months of Inventory 2.0 2.0 0 0.0%



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

N Redondo Beach/Villas North 21 13 14

S Redondo Beach W of PCH 8 17 6

N Redondo Beach/Villas South 15 22 29

S Redondo Beach S of Torrance Blvd 10 12 10

S Redondo Beach N of Torrance Blvd 10 10 11

N Redondo Beach/Golden Hills 5 13 4

N Redondo Beach/El Nido 8 5 6

Total Sales 77 92 80

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10

20

30

40

50

60

70

80

90

100

May Jun Jul

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








Total Sales 99 83 80

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10

20

30

40

50

60

70

80

90

100

2015 2016 2017

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 1,020,000 950,000 907,500

S Redondo Beach W of PCH 1,678,500 987,000 935,000

N Redondo Beach/Villas South 985,000 871,000 1,000,000

S Redondo Beach S of Torrance Blvd 1,190,000 926,000 1,207,500

S Redondo Beach N of Torrance Blvd 1,162,500 1,087,500 1,235,000

N Redondo Beach/Golden Hills 1,080,000 1,090,000 1,112,500

N Redondo Beach/El Nido 777,500 770,000 798,500

Market Median Sales Price 1,070,000 956,325 994,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

May Jun Jul

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 826,500 800,500 907,500

S Redondo Beach W of PCH 770,000 1,085,000 935,000

N Redondo Beach/Villas South 882,500 920,000 1,000,000

S Redondo Beach S of Torrance Blvd 975,000 926,250 1,207,500

S Redondo Beach N of Torrance Blvd 1,054,000 917,000 1,235,000

N Redondo Beach/Golden Hills 907,500 1,026,508 1,112,500

N Redondo Beach/El Nido 817,000 1,137,500 798,500

Market Median Sales Price 876,000 920,000 994,500

-

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: 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 20 21 22 19 27 27

S Redondo Beach W of PCH 19 19 20 27 20 25 26

N Redondo Beach/Villas South 27 14 26 27 23 20 16

S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24

S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17

N Redondo Beach/Golden Hills 14 9 11 14 8 13 14

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

Total Active Listings 134 99 124 143 120 146 135

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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

N Redondo Beach/Villas North 27 20 21 22 19 27 27

S Redondo Beach W of PCH 19 19 20 27 20 25 26

N Redondo Beach/Villas South 27 14 26 27 23 20 16

S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24

S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17

N Redondo Beach/Golden Hills 14 9 11 14 8 13 14

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

Total Active Listings 134 99 124 143 120 146 135

Total Sales 34 49 70 63 77 92 80

Sales/Listings Ratio 25.4% 49.5% 56.5% 44.1% 64.2% 63.0% 59.3%

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20

40

60

80

100

120

140

160


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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








Total Active Listings 136 157 135

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20

40

60

80

100

120

140

160

2015 2016 2017

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 3.0 2.0 2.0 2.0 1.0 2.0 2.0

S Redondo Beach W of PCH 3.0 5.0 2.0 4.0 3.0 1.0 4.0

N Redondo Beach/Villas South 7.0 1.0 2.0 2.0 2.0 1.0 1.0

S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0 4.0 2.0 2.0 2.0

S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0 3.0 2.0 3.0 2.0

N Redondo Beach/Golden Hills 2.0 2.0 1.0 1.0 2.0 1.0 4.0

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

-

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 2.0 2.0 2.0 2.0 2.0 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2017 Months of Inventory Year-to-Year

2015

2016

2017


Summary July was a slow month for Redondo Beach real estate investment as total sales dropped 13%, net listings decreased 7.5%, and the sales-listing ratio fell 5.9%. During this time, however, the median sales price improved 4% while the median days to sell metric declined 11.1%. Year-over-year months of inventory metric held constant at 2.0.

In June, C.A.R. reported ““With active listings 13.5 percent lower than last June, we’ve now experienced a full two years in which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers aren’t listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another property.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales

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 July 2016 July 2017 Delta Delta Increase Decrease

Total Sales 83 80 -3 -3.6%



Listings 146 135 -11 -7.5%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 92 80 -12 -13.0%



Listings 146 135 -11 -7.5%

Sales/Listing Ratio 63.0% 59.3% -3.7% -5.9%

Months of Inventory 2.0 2.0 0.0 0.0%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales

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