redondo beach real estate market conditions - february 2015

Redondo Beach Residential Real Estate

Market Conditions February 2015

Table of

Contents

Key Statistics for February

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 March

About Hady Chahine Contact Information

Key Statistics for February

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 46 41 -5 -10.9%

Median Sales Price 815,000 810,000 (5,000) -0.6%

Median Days to Sell 52 34 -18 -34.6%

Listings 97 112 15 15.5%

Sales/Listing Ratio 47.4% 36.6% -10.8% -22.8%

Months of Inventory 2.1 2.7 0.6 28.6%

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

Total Sales 45 41 -4 -8.9%

Median Sales Price 725,000 810,000 85,000 11.7%


Listings 163 112 -51 -31.3%

Months of Inventory 3.2 2.7 -0.5 -15.6%


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

N Redondo Beach/Villas North 13 5

S Redondo Beach W of PCH 6 4

N Redondo Beach/Villas South 6 16

S Redondo Beach S of Torrance Blvd 8 7

S Redondo Beach N of Torrance Blvd 6 5

N Redondo Beach/Golden Hills 6 3

N Redondo Beach/El Nido 1 1

Total Sales 46 41

0

5

10

15

20

25

30

35

40

45

50

Jan Feb Mar

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

N Redondo Beach/Villas North 12 6 5

S Redondo Beach W of PCH 6 6 4

N Redondo Beach/Villas South 10 12 16

S Redondo Beach S of Torrance Blvd 5 7 7

S Redondo Beach N of Torrance Blvd 6 12 5

N Redondo Beach/Golden Hills 6 0 3

N Redondo Beach/El Nido 5 2 1

Total Sales 50 45 41

0

5

10

15

20

25

30

35

40

45

50

2013 2014 2015

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








Total Sales


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

N Redondo Beach/Villas North 799,900 825,000

S Redondo Beach W of PCH 698,750 505,750

N Redondo Beach/Villas South 680,000 755,000

S Redondo Beach S of Torrance Blvd 781,950 875,000

S Redondo Beach N of Torrance Blvd 942,500 779,000

N Redondo Beach/Golden Hills 981,500 926,500

N Redondo Beach/El Nido 575,000 599,000

Market Median Sales Price 815,000 810,000

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Jan Feb Mar

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




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


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

N Redondo Beach/Villas North 801,500 769,000 825,000

S Redondo Beach W of PCH 707,500 475,000 505,750

N Redondo Beach/Villas South 617,000 777,500 755,000

S Redondo Beach S of Torrance Blvd 1,079,000 689,000 875,000

S Redondo Beach N of Torrance Blvd 821,564 718,000 779,000

N Redondo Beach/Golden Hills 637,500 - 926,500

N Redondo Beach/El Nido 550,000 625,000 599,000

Market Median Sales Price 720,000 725,000 810,000

-

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: February








Market Median Sales Price


Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec








Total Active Listings 97 112

-

5

10

15

20

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








Total Active Listings 97 112

Total Sales 46 41

Sales/Listings Ratio 47.4% 36.6%

-

20

40

60

80

100

120


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales


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

N Redondo Beach/Villas North 21 30 24

S Redondo Beach W of PCH 34 33 16

N Redondo Beach/Villas South 21 33 28

S Redondo Beach S of Torrance Blvd 30 21 14

S Redondo Beach N of Torrance Blvd 24 18 14

N Redondo Beach/Golden Hills 6 11 5

N Redondo Beach/El Nido 15 17 11

Total Active Listings 151 163 112

0

20

40

60

80

100

120

140

160

180

2013 2014 2015

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








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

S Redondo Beach W of PCH 2.2 4.0

N Redondo Beach/Villas South 5.2 1.8

S Redondo Beach S of Torrance Blvd 1.9 2.0

S Redondo Beach N of Torrance Blvd 2.0 2.8

N Redondo Beach/Golden Hills 0.3 1.7

N Redondo Beach/El Nido 6.0 11.0

-

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

-

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 March

According to the MLS, real estate activity for the Redondo Beach was a bit sluggish for the month of

February. In particular total sales (-10.9%), market median sales price (-0.6%), and the sales/listing

ratio (-22.8%) all trended negative as viewed from a month-to-month perspective. However, a year-to-

year review shows comparable total sales (just above 40) and a market median sales price that is $85K

(or 11.7%) greater in 2015 versus 2014. Thus, it appears real estate behavior in this charming beach

community is moving in the right direction!

Are you interested in selling your property but have no clue where to start? Or, are you a buyer

pursuing a dream of becoming a home owner but are equally confused about where to begin? If so,

please give call me or send an email today. I would be happy to schedule a free consultation to discuss

how I can be of service to you.

Your recap


Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 46 41 -5 -10.9%

Median Sales Price 815,000 810,000 (5,000) -0.6%


Listings 97 112 15 15.5%

Sales/Listing Ratio 47.4% 36.6% -10.8% -22.8%

Months of Inventory 2.1 2.7 0.6 28.6%

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 - february 2015

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