redondo beach real estate market conditions - january 2014

8/13/2019 Redondo Beach Real Estate Market Conditions - January 2014

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Redondo BeachResidential Real Estate

Market ConditionsJanuary 2014


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Table ofContents

Key Statistics for January

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

Listings2014 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 February

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for January

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase DecreaseTotal Sales 47 49 2 4.3%

Median Sales Price 699,000 755,000 56,000 8.0%

Median Days to Sell 60 44 -16 -26.7%

Listings 125 125 0 0.0%

Months of Inventory 2.6 2.6 0 0.0%


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2014 Residential Sales by Map Area Jan

N Redondo Beach/Villas North 8

S Redondo Beach W of PCH 7

N Redondo Beach/Villas South 11

S Redondo Beach S of Torrance Blvd 9

S Redondo Beach N of Torrance Blvd 4

N Redondo Beach/Golden Hills 8NRedondo Beach/El Nido 2

Total Sales 49

0

2

4

6

8

10

12

Jan

2014 Residential Sales Statistics: January

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 BlvdN Redondo Beach/Golden Hills

N Redondo Beach/El Nido


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Sales by Map Area: Year-to-Year for January 2012 2013 2014

N Redondo Beach/Villas North 6 8 8

S Redondo Beach W of PCH 7 8 7

N Redondo Beach/Villas South 14 16 11

S Redondo Beach S of Torrance Blvd 5 1 9

S Redondo Beach N of Torrance Blvd 3 6 4

N Redondo Beach/Golden Hills 3 6 8NRedondo Beach/El Nido 3 2 2

Total Sales 41 47 49

0

2

4

6

8

10

12

14

16

2012 2013 2014

Total Sales by Map Area: Year-to-Year for January





S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills



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2014 Median Sale Price by Map Area Jan

N Redondo Beach/Villas North 672,500

S Redondo Beach W of PCH 1,025,000

N Redondo Beach/Villas South 672,000

S Redondo Beach S of Torrance Blvd 755,000

S Redondo Beach N of Torrance Blvd 1,005,000

N Redondo Beach/Golden Hills 806,000NRedondo Beach/El Nido 590,000

Market Median Sale Price 755,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jan

2014 Median Sale Price Statistics: January








Market Median Sale Price


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Median Sale Price by Map Area: Year-to-Year for January 2012 2013 2014

N Redondo Beach/Villas North 505,000 695,000 672,500

S Redondo Beach W of PCH 650,000 766,000 1,025,000

N Redondo Beach/Villas South 564,500 571,500 672,000

S Redondo Beach S of Torrance Blvd 460,000 357,000 755,000

S Redondo Beach N of Torrance Blvd 710,000 786,250 1,005,000

N Redondo Beach/Golden Hills 540,000 727,500 806,000NRedondo Beach/El Nido 420,000 475,000 590,000

Market Median Sale Price 560,000 699,000 755,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sale Price by Map Area: Year-to-Year for January








Market Median Sale Price



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 27S Redondo Beach W of PCH 20




N Redondo Beach/Golden Hills 8

NRedondo Beach/El Nido 11

Total Active Listings 125

-

5

10

15

20

25

30

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

2014 Active Listings by Map Area










2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 27

S Redondo Beach W of PCH 20




N Redondo Beach/Golden Hills 8

N Redondo Beach/El Nido 11

Total Active Listings 125

Total Sales 49

Sales/Listings Ratio 39.2%

-

20

40

60

80

100

120

140


2014 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings by Map Area: Year-to-Year for January 2012 2013 2014

N Redondo Beach/Villas North 41 22 27

S Redondo Beach W of PCH 35 27 20

N Redondo Beach/Villas South 35 22 30

S Redondo Beach S of Torrance Blvd 25 21 13

S Redondo Beach N of Torrance Blvd 24 18 16

N Redondo Beach/Golden Hills 16 7 8NRedondo Beach/El Nido 16 8 11

Total Active Listings 192 125 125

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

Active Listings by Map Area: Year-to-Year for January





S Redondo Beach N of Torrance BlvdN Redondo Beach/Golden Hills




2014 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

S Redondo Beach W of PCH 2.9

N Redondo Beach/Villas South 2.7

S Redondo Beach S of Torrance Blvd 1.4

S Redondo Beach N of Torrance Blvd 4.0

NRedondo Beach/Golden Hills 1.0

N Redondo Beach/El Nido 5.5

-

1.0

2.0

3.0

4.0

5.0

6.0


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

-

1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory: Year-to-Year

2012

2013

2014


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Outlook for FebruaryData analysis of Redondo Beach real estate activity for January 2014 relative to the same time last year

revealed a 4.3% increase in total sales, an 8.0% improvement in the median sales price, and a 26.7%

reduction in the median days to sell. Figures for both listings and months of inventory were identical year-

over-year.

Accordingly, evidence suggests market performance projections for February are likely to improve or

remain somewhat equal when compared to January stats. One caveat, however, is what impact if any the

tax season might have on selling or buying interests.

With this in mind, the recap is



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About the Mother & Son

South Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California2012

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



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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.

Website: http://HHCRealEstate.com

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Blog: http://HHCRealEstate.com/real-estate-news/

Hady Chahine [email protected] 310-404-5361

Hassana Chahine [email protected]

310-756-8949

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redondo beach real estate market conditions - january 2014

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