redondo beach real estate market conditions - april 2014

Redondo Beach Residential Real Estate

Market Conditions April 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for April

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 May

About the Mother & Son South Bay Real Estate Team Contact Information


Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 79 75 -4 -5.1%

Median Sales Price 760,000 724,000 (36,000) -4.7%

Median Days to Sell 37 28 -9 -24.3%

Listings 148 149 1 0.7%

Sales/Listing Ratio 53.4% 50.3% -3.1% -5.8%

Months of Inventory 1.9 2 0.1 5.3%

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

Total Sales 74 75 1 1.4%

Median Sales Price 697,500 724,000 26,500 3.8%

Median Days to Sell 27 28 1 3.7%

Listings 170 149 -21 -12.4%

Months of Inventory 2.3 2 -0.3 -13.0%



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

N Redondo Beach/Villas North 6 19 17

S Redondo Beach W of PCH 5 7 10

N Redondo Beach/Villas South 12 20 18

S Redondo Beach S of Torrance Blvd 7 5 10

S Redondo Beach N of Torrance Blvd 12 12 8

N Redondo Beach/Golden Hills 0 12 6

N Redondo Beach/El Nido 2 4 6

Total Sales 44 79 75

0

10

20

30

40

50

60

70

80

Feb Mar Apr

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 63 74 75

0

10

20

30

40

50

60

70

80

2012 2013 2014

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








Total Sales



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

N Redondo Beach/Villas North 769,000 710,000 712,000

S Redondo Beach W of PCH 421,000 1,009,000 561,500

N Redondo Beach/Villas South 777,500 735,400 761,000

S Redondo Beach S of Torrance Blvd 689,000 830,000 777,500

S Redondo Beach N of Torrance Blvd 718,000 830,000 890,000

N Redondo Beach/Golden Hills - 862,000 845,000

N Redondo Beach/El Nido 625,000 742,500 532,500

Market Median Sales Price 718,000 760,000 724,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Feb Mar Apr

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 575,000 692,000 712,000

S Redondo Beach W of PCH 495,000 711,250 561,500

N Redondo Beach/Villas South 641,500 560,000 761,000

S Redondo Beach S of Torrance Blvd 575,000 744,000 777,500

S Redondo Beach N of Torrance Blvd 527,500 685,000 890,000

N Redondo Beach/Golden Hills 460,275 783,000 845,000

N Redondo Beach/El Nido 580,000 641,500 532,500

Market Median Sales Price 575,000 697,500 724,000

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

2012 2013 2014

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








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

S Redondo Beach W of PCH 20 29 37 35

N Redondo Beach/Villas South 30 29 24 23

S Redondo Beach S of Torrance Blvd 13 19 19 19

S Redondo Beach N of Torrance Blvd 16 15 16 15

N Redondo Beach/Golden Hills 8 10 9 12

N Redondo Beach/El Nido 11 14 12 10

Total Active Listings 125 142 148 149

-

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

S Redondo Beach W of PCH 20 29 37 35

N Redondo Beach/Villas South 30 29 24 23

S Redondo Beach S of Torrance Blvd 13 19 19 19

S Redondo Beach N of Torrance Blvd 16 15 16 15

N Redondo Beach/Golden Hills 8 10 9 12

N Redondo Beach/El Nido 11 14 12 10

Total Active Listings 125 142 148 149

Total Sales 49 44 79 75

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

-

20

40

60

80

100

120

140

160


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 213 170 149

0

50

100

150

200

250

2012 2013 2014

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








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

S Redondo Beach W of PCH 2.9 5.8 5.3 3.5

N Redondo Beach/Villas South 2.7 2.4 1.2 1.3

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7

-

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

-

1.0

2.0

3.0

4.0

5.0

6.0


2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for May Okay, overall real estate activity in Redondo Beach produced respectable numbers in April with total sales,

market median sales price, listings, sales/listing ratio, and months of inventory holding fairly steady

compared to last month’s data. The most glaring percentage variation was the median days to sell, which

decreased in duration. Another positive stat to highlight is the year-over-year market median sales price,

which is $36K higher in April 2014 compared to April 2013.

“So what’s our outlook for May?” you ask. Well, given the cost to borrow money remains relatively cheap

and accessible, and there is a stable flow of new listings hitting the market each week, and historically

speaking performance activity normally heats up as summer draws near we, expect a strong increase in

all of these statistical measurements. The question for you is, “Are you ready to buy or sell?” If yes, then

please give us a call today. We are friendly, fun, and most importantly we have 25 years of South Bay real

estate experience!

Your recap…


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

Total Sales 79 75 -4 -5.1%

Median Sales Price 760,000 724,000 (36,000) -4.7%

Median Days to Sell 37 28 -9 -24.3%

Listings 148 149 1 0.7%

Sales/Listing Ratio 53.4% 50.3% -3.1% -5.8%

Months of Inventory 1.9 2 0.1 5.3%


About the Mother & Son

South Bay Real Estate

Team…

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



http://hhcrealestate.com/featured-south-bay-homes

http://hhcrealestate.com/south-bay-mls-real-estate-listings

http://hhcrealestate.com/real-estate-news/

redondo beach real estate market conditions - april 2014

Documents