november 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions November 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for November

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 December

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Key Statistics for November

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 79 59 -20 -25.3%

Median Sales Price 810,000 785,000 (25,000) -3.1%

Median Days to Sell 47 50 3 6.4%

Listings 145 126 -19 -13.1%

Sales/Listing Ratio 54.5% 46.8% -7.7% -14.1%

Months of Inventory 1.8 2.1 0.3 16.7%

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

Total Sales 52 59 7 13.5%

Median Sales Price 707,000 785,000 78,000 11.0%


Listings 167 126 -41 -24.6%

Months of Inventory 2.8 2.1 -0.7 -25.0%



Total Sales Month-to-Month by Map Area Sep Oct Nov

N Redondo Beach/Villas North 15 20 12

S Redondo Beach W of PCH 11 7 10

N Redondo Beach/Villas South 13 15 11

S Redondo Beach S of Torrance Blvd 7 16 9

S Redondo Beach N of Torrance Blvd 13 9 8

N Redondo Beach/Golden Hills 4 6 5

N Redondo Beach/El Nido 8 6 4

Total Sales 71 79 59

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Sep Oct Nov

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 70 52 59

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2012 2013 2014

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








Total Sales



Median Sales Price Month-to-Month by Map Area Sep Oct Nov

N Redondo Beach/Villas North 949,000 702,500 775,000

S Redondo Beach W of PCH 620,000 1,060,000 857,750

N Redondo Beach/Villas South 619,000 808,000 759,000

S Redondo Beach S of Torrance Blvd 815,000 925,000 1,000,000

S Redondo Beach N of Torrance Blvd 888,000 1,167,007 732,500

N Redondo Beach/Golden Hills 869,500 852,000 850,000

N Redondo Beach/El Nido 603,000 726,500 712,500

Market Median Sales Price 780,000 810,000 785,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Sep Oct Nov

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 650,000 603,950 775,000

S Redondo Beach W of PCH 659,500 735,000 857,500

N Redondo Beach/Villas South 560,000 763,500 759,000

S Redondo Beach S of Torrance Blvd 375,000 445,000 1,000,000

S Redondo Beach N of Torrance Blvd 790,000 897,500 732,500

N Redondo Beach/Golden Hills 774,250 767,000 850,000

N Redondo Beach/El Nido 640,000 559,750 712,500

Market Median Sales Price 657,750 707,000 785,000

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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: November








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 33 36 34 25 32

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34 26 23 11

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27 29 30 29

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25 25 25 21

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24 24 28 25

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7 10 9 4

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11 11 5 4

Total Active Listings 125 142 148 149 164 134 177 164 159 145 126

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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 33 36 34 25 32

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34 26 23 11

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27 29 30 29

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25 25 25 21

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24 24 28 25

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7 10 9 4

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11 11 5 4

Total Active Listings 125 142 148 149 164 134 177 164 159 145 126

Total Sales 49 44 79 75 65 64 90 73 71 79 59

Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% 50.8% 44.5% 44.7% 54.5% 46.8%

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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 162 167 126

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2012 2013 2014

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








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 3.3 2.3 2.3 1.3 2.7

S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 - 1.7 2.4 2.4 3.3 1.1

N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3 1.4 2.1 2.2 2.0 2.6

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 2.5 1.9 3.6 1.6 2.3

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 2.2 2.7 1.9 3.1 3.1

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 0.9 1.0 2.5 1.5 0.8

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 6.0 11.0 1.4 0.8 1.0

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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 2.0 2.3 2.2 1.8 2.1

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2.0

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2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for December

As anticipated real estate consumer activity in Redondo Beach trended off pace in November with low

negative double digit results reported for total sales, total listings, sales/listing ratio, and months of

inventory. Thankfully the market median sales price remained in the low negative single digit territory.

Overall, however, it is fair to conclude the market performed as expected, which is likely partially

explained by the holiday season. Thus, given the time of year I suspect similar performance data once

December comes to an end.

Personally, I love to shop the real estate market during winter months because consumer interest

generally declines allowing adequate time to research inventory and submit offers to purchase with terms

most favorable to me. Buyers, are you in need of my negotiating skills and experience? If so, please give

me a call today so we can get you positioned to secure the home of your dreams.

Your recap…


Month-to-Month Comparison Oct 2014 Nov 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 79 59 -20 -25.3%

Median Sales Price 810,000 785,000 (25,000) -3.1%


Listings 145 126 -19 -13.1%

Sales/Listing Ratio 54.5% 46.8% -7.7% -14.1%

Months of Inventory 1.8 2.1 0.3 16.7%


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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