may 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions May 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for May

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 June

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Key Statistics for May

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 75 65 -10 -13.3%

Median Sales Price 724,000 710,000 (14,000) -1.9%

Median Days to Sell 28 34 6 21.4%

Listings 149 164 15 10.1%

Sales/Listing Ratio 50.3% 39.6% -10.7% -21.3%

Months of Inventory 2.0 2.5 0.5 25.0%

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

Total Sales 86 65 -21 -24.4%



Listings 169 164 -5 -3.0%




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

N Redondo Beach/Villas North 19 17 10

S Redondo Beach W of PCH 7 10 10

N Redondo Beach/Villas South 20 18 12

S Redondo Beach S of Torrance Blvd 5 10 6

S Redondo Beach N of Torrance Blvd 12 8 10

N Redondo Beach/Golden Hills 12 6 10

N Redondo Beach/El Nido 4 6 7

Total Sales 79 75 65

0

10

20

30

40

50

60

70

80

Mar Apr May

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 87 86 65

0

10

20

30

40

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60

70

80

90

2012 2013 2014

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








Total Sales



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

N Redondo Beach/Villas North 710,000 712,000 700,500

S Redondo Beach W of PCH 1,009,000 561,500 621,000

N Redondo Beach/Villas South 735,400 761,000 754,000

S Redondo Beach S of Torrance Blvd 830,000 777,500 685,763

S Redondo Beach N of Torrance Blvd 830,000 890,000 739,000

N Redondo Beach/Golden Hills 862,000 845,000 783,900

N Redondo Beach/El Nido 742,500 532,500 598,000

Market Median Sales Price 760,000 724,000 710,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Mar Apr May

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 545,500 725,000 700,500

S Redondo Beach W of PCH 635,000 727,500 621,000

N Redondo Beach/Villas South 583,000 730,000 754,000

S Redondo Beach S of Torrance Blvd 570,000 630,000 685,763

S Redondo Beach N of Torrance Blvd 720,000 772,000 739,000

N Redondo Beach/Golden Hills 720,000 787,500 783,900

N Redondo Beach/El Nido 623,500 540,000 598,000

Market Median Sales Price 629,000 735,000 710,000

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

2012 2013 2014

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




S Redondo Beach S of TorranceBlvdS Redondo Beach N of TorranceBlvdN Redondo Beach/Golden Hills



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

S Redondo Beach W of PCH 20 29 37 35 40

N Redondo Beach/Villas South 30 29 24 23 27

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

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

N Redondo Beach/Golden Hills 8 10 9 12 10

N Redondo Beach/El Nido 11 14 12 10 9

Total Active Listings 125 142 148 149 164

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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

S Redondo Beach W of PCH 20 29 37 35 40

N Redondo Beach/Villas South 30 29 24 23 27

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

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

N Redondo Beach/Golden Hills 8 10 9 12 10

N Redondo Beach/El Nido 11 14 12 10 9

Total Active Listings 125 142 148 149 164

Total Sales 49 44 79 75 65

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

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20

40

60

80

100

120

140

160

180


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 250 169 164

0

50

100

150

200

250

2012 2013 2014

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








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

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

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

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

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3

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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

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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 June

“What happened to Redondo Beach residential real estate activity in May?” you ask. Honestly, I am not

sure. But, according to the MLS total sales, median sales price, median days to sell, sales/listing ratio,

and months of inventory all reportedly took a dip in performance expectations. Year-over-year stats also

revealed similar data.

“Based on this news what can we expect in June?” you ask. Although I do not have a crystal ball I will say,

however, because the cost to borrow money remains at historically low levels, and since we are entering

into summertime, I expect a rather quick correction in market performance activity.

Your recap…


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

Total Sales 75 65 -10 -13.3%



Listings 149 164 15 10.1%

Sales/Listing Ratio 50.3% 39.6% -10.7% -21.3%



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