june 2016 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions June 2016

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Table of

Contents

Key Statistics for June

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 June

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 83 89 6 7.2%

Median Sales Price 950,000 916,000 (34,000) -3.6%

Median Days to Sell 25 20 -5 -20.0%

Listings 135 174 39 28.9%

Sales/Listing Ratio 61.5% 51.1% -10.4% -16.9%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 91 89 -2 -2.2%

Median Sales Price 865,000 916,000 51,000 5.9%


Listings 158 174 16 10.1%

Months of Inventory 2.0 2.0 0 0.0%



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

N Redondo Beach/Villas North 19 16 9

S Redondo Beach W of PCH 13 14 17

N Redondo Beach/Villas South 16 17 18

S Redondo Beach S of Torrance Blvd 13 11 19

S Redondo Beach N of Torrance Blvd 8 7 14

N Redondo Beach/Golden Hills 15 12 6

N Redondo Beach/El Nido 3 6 6

Total Sales 87 83 89

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10

20

30

40

50

60

70

80

90

Apr May Jun

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 78 91 89

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10

20

30

40

50

60

70

80

90

100

2014 2015 2016

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 1,025,000 858,500 916,000

S Redondo Beach W of PCH 1,000,000 1,029,000 1,050,000

N Redondo Beach/Villas South 789,000 880,000 765,000

S Redondo Beach S of Torrance Blvd 1,150,000 1,400,000 1,070,000

S Redondo Beach N of Torrance Blvd 827,500 1,065,000 937,000

N Redondo Beach/Golden Hills 1,025,000 932,000 878,500

N Redondo Beach/El Nido 724,000 797,500 671,250

Market Median Sales Price 904,000 950,000 916,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Apr May Jun

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 732,250 832,500 916,000

S Redondo Beach W of PCH 765,000 899,000 1,050,000

N Redondo Beach/Villas South 818,000 726,000 765,000

S Redondo Beach S of Torrance Blvd 1,000,000 990,000 1,070,000

S Redondo Beach N of Torrance Blvd 875,000 979,000 937,000

N Redondo Beach/Golden Hills 749,000 985,500 878,500

N Redondo Beach/El Nido 590,000 1,107,000 671,250

Market Median Sales Price 808,500 865,000 916,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2014 2015 2016

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 9 18 18 14 21 29

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

N Redondo Beach/Villas South 20 23 28 25 21 40

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23

N Redondo Beach/Golden Hills 10 15 14 12 12 11

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

Total Active Listings 98 116 123 122 135 174

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5

10

15

20

25

30

35

40

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

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

N Redondo Beach/Villas South 20 23 28 25 21 40

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23

N Redondo Beach/Golden Hills 10 15 14 12 12 11

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

Total Active Listings 98 116 123 122 135 174

Total Sales 54 34 73 87 83 89

Sales/Listings Ratio 55.1% 29.3% 59.3% 71.3% 61.5% 51.1%

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20

40

60

80

100

120

140

160

180


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 195 158 177

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20

40

60

80

100

120

140

160

180

200

2014 2015 2016

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 1.0 4.0 2.0 1.0 1.0 3.0

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

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

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

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

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

N Redondo Beach/El Nido 1.0 - 1.0 1.0 1.0 1.0

-

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

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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 In May, investment in Redondo Beach real estate produced 7.2% increase total sales, 20% decrease in median days to sell, and a 28.9% improvement in net listings. Tracking in the opposite direction the median sales price dropped 3.6% while the sales-listing ratio declined 16.9%. Year-over-year the median sales price for June jumped 5.9% or $51K in 2016 as compared to 2015.

In the news… According to C.A.R., “After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month.” http://www.car.org/newsstand/newsreleases/2016releases/junesalesandprice/?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!


Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 83 89 6 7.2%

Median Sales Price 950,000 916,000 (34,000) -3.6%


Listings 135 174 39 28.9%

Sales/Listing Ratio 61.5% 51.1% -10.4% -16.9%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 91 89 -2 -2.2%

Median Sales Price 865,000 916,000 51,000 5.9%


Listings 158 174 16 10.1%

Months of Inventory 2.0 2.0 0 0.0%


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

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

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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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