june 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions June 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for June

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 July

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Key Statistics for June

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 65 64 -1 -1.5%

Median Sales Price 710,000 819,550 109,550 15.4%

Median Days to Sell 34 35 1 2.9%

Listings 164 134 -30 -18.3%

Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7%

Months of Inventory 2.5 2.1 -0.4 -16.0%

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

Total Sales 76 64 -12 -15.8%



Listings 129 134 5 3.9%

Months of Inventory 1.8 2.1 0.3 16.7%



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

N Redondo Beach/Villas North 17 10 16

S Redondo Beach W of PCH 10 10 0

N Redondo Beach/Villas South 18 12 10

S Redondo Beach S of Torrance Blvd 10 6 11

S Redondo Beach N of Torrance Blvd 8 10 13

N Redondo Beach/Golden Hills 6 10 11

N Redondo Beach/El Nido 6 7 3

Total Sales 75 65 64

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Apr May Jun

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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2012 2013 2014

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








Total Sales



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

N Redondo Beach/Villas North 712,000 700,500 732,250

S Redondo Beach W of PCH 561,500 621,000 -

N Redondo Beach/Villas South 761,000 754,000 808,500

S Redondo Beach S of Torrance Blvd 777,500 685,763 1,000,000

S Redondo Beach N of Torrance Blvd 890,000 739,000 875,000

N Redondo Beach/Golden Hills 845,000 783,900 749,000

N Redondo Beach/El Nido 532,500 598,000 590,000

Market Median Sales Price 724,000 710,000 819,550

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Apr May Jun

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 600,000 673,500 732,250

S Redondo Beach W of PCH - - -

N Redondo Beach/Villas South 654,000 790,000 808,500

S Redondo Beach S of Torrance Blvd 740,000 877,000 1,000,000

S Redondo Beach N of Torrance Blvd 840,000 860,000 875,000

N Redondo Beach/Golden Hills 695,444 798,000 749,000

N Redondo Beach/El Nido 600,000 609,000 590,000

Market Median Sales Price 649,900 785,000 819,550

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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

2012 2013 2014

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








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

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

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

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

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

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

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

Total Active Listings 125 142 148 149 164 134

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5

10

15

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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

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

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

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

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

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

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

Total Active Listings 125 142 148 149 164 134

Total Sales 49 44 79 75 65 64

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

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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 197 129 134

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2012 2013 2014

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








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

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

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

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

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

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

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

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1.0

2.0

3.0

4.0

5.0

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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

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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 July

The Redondo Beach real estate market recorded promising stats for the month of June as evidence of

the 15.4% increase in the median sales price, a 20.7% jump in the sales/ listing ratio, and a 16% drop in

the months of inventory. Although total sales, median days to sell, and active listings trended slightly

negative the numbers from a month-to-month perspective were marginal at best, especially when

compared to the $109,550 bump in the median sales price.

What is my forecast for July? you ask. Considering the aforementioned, including all graphical data

contained herein, I suspect buyer and seller interest and activity to remain quite aggressive, if not

improve. After all mortgage money is extremely cheap, relatively speaking, so it would be

counterintuitive to assume a contrary outcome. That said, are you ready to list your property? How

about buy a new home? If yes, please get in contact with me today so together we can design a custom

strategy to achieve your objective. I look forward to speaking with you soon!

Your recap…


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

Total Sales 65 64 -1 -1.5%



Listings 164 134 -30 -18.3%

Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7%

Months of Inventory 2.5 2.1 -0.4 -16.0%


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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