redondo beach real estate market conditions - april 2015

Redondo Beach Residential Real Estate

Market Conditions April 2015

Table of

Contents

Key Statistics for April

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for May

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Key Statistics for April

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 81 79 -2 -2.5%

Median Sales Price 875,000 842,000 (33,000) -3.8%

Median Days to Sell 29 21 -8 -27.6%

Listings 119 156 37 31.1%

Sales/Listing Ratio 68.1% 50.6% -17.5% -25.7%

Months of Inventory 1.5 2 0.5 33.3%

Monthly Comparison Year-to-Year Apr 2014 Apr 2015 Delta Delta Increase Decrease

Total Sales 78 79 1 1.3%

Median Sales Price 724,500 842,000 117,500 16.2%


Listings 173 156 -17 -9.8%

Months of Inventory 2.0 2.0 0 0.0%


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

N Redondo Beach/Villas North 5 18 15

S Redondo Beach W of PCH 4 10 13

N Redondo Beach/Villas South 16 24 16

S Redondo Beach S of Torrance Blvd 7 9 9

S Redondo Beach N of Torrance Blvd 5 9 11

N Redondo Beach/Golden Hills 3 6 7

N Redondo Beach/El Nido 1 5 8

Total Sales 41 81 79

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90

Feb Mar Apr

2015 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 2013 2014 2015








Total Sales 74 78 79

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80

2013 2014 2015

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 825,000 863,150 710,000

S Redondo Beach W of PCH 505,750 870,000 730,000

N Redondo Beach/Villas South 755,000 755,750 837,500

S Redondo Beach S of Torrance Blvd 875,000 910,000 958,000

S Redondo Beach N of Torrance Blvd 779,000 1,008,200 1,200,000

N Redondo Beach/Golden Hills 926,500 952,500 920,000

N Redondo Beach/El Nido 599,000 899,900 791,000

Market Median Sales Price 810,000 875,000 842,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Feb Mar Apr

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price


Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 692,000 721,000 710,000

S Redondo Beach W of PCH 711,250 561,500 730,000

N Redondo Beach/Villas South 560,000 761,000 837,500

S Redondo Beach S of Torrance Blvd 744,000 725,000 958,000

S Redondo Beach N of Torrance Blvd 685,000 770,000 1,200,000

N Redondo Beach/Golden Hills 783,000 845,000 920,000

N Redondo Beach/El Nido 641,500 532,500 791,000

Market Median Sales Price 697,500 724,500 842,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

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 18 24 25 24

S Redondo Beach W of PCH 13 16 17 23

N Redondo Beach/Villas South 31 28 26 31

S Redondo Beach S of Torrance Blvd 15 14 21 21

S Redondo Beach N of Torrance Blvd 12 14 13 30

N Redondo Beach/Golden Hills 2 5 7 16

N Redondo Beach/El Nido 6 11 10 11

Total Active Listings 97 112 119 156

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5

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25

30

35

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 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 18 24 25 24

S Redondo Beach W of PCH 13 16 17 23

N Redondo Beach/Villas South 31 28 26 31

S Redondo Beach S of Torrance Blvd 15 14 21 21

S Redondo Beach N of Torrance Blvd 12 14 13 30

N Redondo Beach/Golden Hills 2 5 7 16

N Redondo Beach/El Nido 6 11 10 11

Total Active Listings 97 112 119 156

Total Sales 46 41 81 79

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6%

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20

40

60

80

100

120

140

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


Active Listings Year-to-Year by Map Area 2013 2014 2015








Total Active Listings 170 173 156

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2013 2014 2015

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 1.4 4.8 1.4 1.6

S Redondo Beach W of PCH 2.2 4.0 1.7 1.8

N Redondo Beach/Villas South 5.2 1.8 1.1 1.9

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7

N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3

N Redondo Beach/El Nido 6.0 11.0 2.0 1.4

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2.0

4.0

6.0

8.0

10.0

12.0


2015 Months of Inventory by Map Area









Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 1.2

2015 2.1 2.7 1.5 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015

Outlook for May The Redondo Beach real estate market remains HOT! - despite a few month-over-month data points that deviated downward in April. While total sales held strong at 79, the market showed support for the median sales price by limiting the drop to $33K or 3.8%. On a brighter note, the median days to sell fell by 27.6% and total listings increased by 31.1%! In the news C.A.R. reports a 33% bump in homebuyers purchasing median-priced, existing single-family home in California year-over-year.

See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard According to Zillow, the median home valuation for this cozy beach community grew by 4.4% over the past year and expectations remain positive growth will continue into 2016.

See: http://www.zillow.com/redondo-beach-ca/home-values/ Your recap


Month-to-Month Comparison Mar 2015 Apr 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 81 79 -2 -2.5%

Median Sales Price 875,000 842,000 (33,000) -3.8%


Listings 119 156 37 31.1%

Sales/Listing Ratio 68.1% 50.6% -17.5% -25.7%

Months of Inventory 1.5 2 0.5 33.3%

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 visitors 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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redondo beach real estate market conditions - april 2015

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