october 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions October 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for October

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 November

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Key Statistics for October

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 71 79 8 11.3%

Median Sales Price 780,000 810,000 30,000 3.8%

Median Days to Sell 43 47 4 9.3%

Listings 159 145 -14 -8.8%

Sales/Listing Ratio 44.7% 54.5% 9.8% 21.9%

Months of Inventory 2.2 1.8 -0.4 -18.2%

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

Total Sales 68 79 11 16.2%



Listings 173 145 -28 -16.2%




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

N Redondo Beach/Villas North 16 15 20

S Redondo Beach W of PCH 14 11 7

N Redondo Beach/Villas South 13 13 15

S Redondo Beach S of Torrance Blvd 13 7 16

S Redondo Beach N of Torrance Blvd 9 13 9

N Redondo Beach/Golden Hills 7 4 6

N Redondo Beach/El Nido 1 8 6

Total Sales 73 71 79

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Aug Sep Oct

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 78 68 79

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2012 2013 2014

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








Total Sales



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

N Redondo Beach/Villas North 707,000 949,000 702,500

S Redondo Beach W of PCH 893,500 620,000 1,060,000

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

S Redondo Beach S of Torrance Blvd 700,000 815,000 925,000

S Redondo Beach N of Torrance Blvd 910,000 888,000 1,167,007

N Redondo Beach/Golden Hills 856,000 869,500 852,000

N Redondo Beach/El Nido 440,000 603,000 726,500

Market Median Sales Price 808,000 780,000 810,000

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400,000

600,000

800,000

1,000,000

1,200,000

Aug Sep Oct

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 757,570 669,000 702,500

S Redondo Beach W of PCH 749,000 757,500 1,060,000

N Redondo Beach/Villas South 599,000 735,000 808,000

S Redondo Beach S of Torrance Blvd 957,500 745,000 925,000

S Redondo Beach N of Torrance Blvd 930,000 930,000 1,167,007

N Redondo Beach/Golden Hills 659,000 800,000 852,000

N Redondo Beach/El Nido 535,000 710,000 726,500

Market Median Sales Price 709,500 747,500 810,000

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1,200,000

2012 2013 2014

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








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

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

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

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

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

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

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

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

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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

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

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

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

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

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

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

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

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

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

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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 191 173 145

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2012 2013 2014

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








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

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

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

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

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

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

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

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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

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2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for November

For those of you in search of positive real estate news I am pleased to announce that Redondo Beach

produced rather stimulating data for the month of October. Stats trending positive include total sales,

which inched up 11.3%, the market median sales price, which increased $30K, and the sales/listing ratio

and the months of inventory, both of which improved by double digits. From a year-over-year perspective

similar conclusions are reached, according to the MLS database.

“So what kind of activity do I expect in November?” you ask. Personally, despite the encouraging news it

is fair to say that historically speaking buyer and seller interests typically decline during the holiday

season. Though, since mortgage rates remain extremely low I suspect a soft correction in overall activity

with single digit adjustments to most data indicators. That said, are you in the market to buy or sell? If

so, please give me a call today so we can discuss how I can be of service to you.

Your recap…


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

Total Sales 71 79 8 11.3%



Listings 159 145 -14 -8.8%

Sales/Listing Ratio 44.7% 54.5% 9.8% 21.9%



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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