march 2017 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions March 2017

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Table of

Contents

Key Statistics for March

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 March

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 70 21 42.9%

Median Sales Price 900,000 994,000 94,000 10.4%

Median Days to Sell 30 11 -19 -63.3%

Listings 99 124 25 25.3%

Sales/Listing Ratio 49.5% 56.5% 7.0% 14.1%

Months of Inventory 2.0 2.0 0.0 0.0%

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

Total Sales 73 70 -3 -4.1%



Listings 94 124 30 31.9%

Months of Inventory 2.0 2.0 0 0.0%



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

N Redondo Beach/Villas North 10 10 12

S Redondo Beach W of PCH 6 4 13

N Redondo Beach/Villas South 4 19 14

S Redondo Beach S of Torrance Blvd 4 8 9

S Redondo Beach N of Torrance Blvd 2 4 7

N Redondo Beach/Golden Hills 7 4 12

N Redondo Beach/El Nido 1 - 3

Total Sales 34 49 70

-

10

20

30

40

50

60

70

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/El Nido 5 3 3


-

10

20

30

40

50

60

70

80

90

2015 2016 2017

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








Total Sales



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

N Redondo Beach/Villas North 907,000 982,500 987,000

S Redondo Beach W of PCH 897,500 1,362,500 1,270,000

N Redondo Beach/Villas South 1,067,500 890,000 838,575

S Redondo Beach S of Torrance Blvd 1,097,500 672,500 1,137,500

S Redondo Beach N of Torrance Blvd 1,212,000 1,146,000 1,131,000

N Redondo Beach/Golden Hills 929,000 813,250 1,000,250

N Redondo Beach/El Nido 821,000 - 785,000

Market Median Sales Price 927,000 900,000 994,000

-

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 861,300 1,077,500 987,000

S Redondo Beach W of PCH 870,000 1,050,000 1,270,000

N Redondo Beach/Villas South 755,750 829,000 838,575

S Redondo Beach S of Torrance Blvd 910,000 868,750 1,137,500

S Redondo Beach N of Torrance Blvd 1,008,200 1,225,000 1,131,000

N Redondo Beach/Golden Hills 952,500 877,500 100,250

N Redondo Beach/El Nido 899,900 670,000 785,000

Market Median Sales Price 870,000 915,000 994,000

-

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: March








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 99 124

-

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










Sales/Listings Ratio 25.4% 49.5% 56.5%

-

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/Golden Hills 9 - 11



-

20

40

60

80

100

120

140

2015 2016 2017

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








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

S Redondo Beach W of PCH 3.0 5.0 2.0

N Redondo Beach/Villas South 7.0 1.0 2.0

S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0

S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0

N Redondo Beach/Golden Hills 2.0 2.0 1.0

N Redondo Beach/El Nido 5.0 - 3.0

-

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

-

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

According to the MLS, comparing March to February real estate metrics for Redondo Beach improvements were recorded across board including total sales (+42.9%), median sales price (+10.4%), median days to sell (-63.3%), net listings (+25.3%), and the sales-listing ratio (14.1%). Year-over-year months of inventory remained stable at 2.0 from March 2016 to 2017.

In February, C.A.R. reported “despite the back-to-back monthly price decline, February’s median price still registered a 7.6 percent increase from the revised $444,780 recorded a year ago.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?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 Mar 2016 Mar 2017 Delta Delta Increase Decrease

Total Sales 73 70 -3 -4.1%



Listings 94 124 30 31.9%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 70 21 42.9%



Listings 99 124 25 25.3%

Sales/Listing Ratio 49.5% 56.5% 7.0% 14.1%

Months of Inventory 2.0 2.0 0.0 0.0%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?view=Standard

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