september 2013 redondo beach real estate market trends update
DESCRIPTION
Redondo Beach real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.TRANSCRIPT
Redondo Beach Residential Real Estate
Market Conditions September 2013
Table of Contents
Key StatisticsFor September
Sales2013 Residential Sales Stats: July – Sept Graph2013 Residential Sales Stats: July – Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data
Median2013 Median Sales Stats: July – Sept Graph2013 Median Sales Stats: July – Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data
Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data
Inventory2013 Months of Inventory by Map Area Graph2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data
OutlookFor October
About The Mother & Son South Bay Real Estate TeamContact Information
Key Statistics for September
Total Home Sales: 82 26.2% from September 2012
Median Sales Price Up $100K 15.4% from September 2012 Median Days to Sell: 37 32.7% from September 2012 Current Active Listings: 165 21.1% from August 2013 Inventory Turnover: 2 Months 45.0% from September
2012 Sales/Listing Ratio: 49.7%
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N Red
ondo
Bea
ch/V
illas
North
S Red
ondo
Bea
ch W
of P
CH
N Red
ondo
Bea
ch/V
illas
South
S Red
ondo
Bea
ch S
of T
orra
nce
Blvd
S Red
ondo
Bea
ch N
of T
orra
nce
Blvd
N Red
ondo
Bea
ch/G
olden
Hills
N Red
ondo
Bea
ch/E
l Nido
0
5
10
15
20
25
30
2013 Residential Sales Statistics: July - Sept
Sept
Aug
July
* See next slide for supportive dataBack to Table of Contents
2013 Residential Sales by Map Area Sept Aug July YTD
N Redondo Beach/Villas North 16 17 19 127
S Redondo Beach W of PCH 15 14 15 100
N Redondo Beach/Villas South 23 20 26 163
S Redondo Beach S of Torrance Blvd 11 10 20 101
S Redondo Beach N of Torrance Blvd 8 13 11 84
N Redondo Beach/Golden Hills 3 10 1 65
N Redondo Beach/El Nido 6 5 8 47
Total Sales 82 89 100 687
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* See next slide for supportive data
N Red
ondo
Bea
ch/V
illas
North
S Red
ondo
Bea
ch W
of P
CH
N Red
ondo
Bea
ch/V
illas
South
S Red
ondo
Bea
ch S
of T
orra
nce
Blvd
S Red
ondo
Bea
ch N
of T
orra
nce
Blvd
N Red
ondo
Bea
ch/G
olden
Hills
N Red
ondo
Bea
ch/E
l Nido
Total
Sales
0
10
20
30
40
50
60
70
80
90
Total Sales by Map Area: Year-to-Year for September
Sept 2013
Sept 2012
Sept 2011
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Sales by Map Area: Year-to-Year for September 2013 2012 2011N Redondo Beach/Villas North 16 14 12S Redondo Beach W of PCH 15 11 11N Redondo Beach/Villas South 23 10 11S Redondo Beach S of Torrance Blvd 11 9 8S Redondo Beach N of Torrance Blvd 8 8 8N Redondo Beach/Golden Hills 3 8 7N Redondo Beach/El Nido 6 5 4
Total Sales 82 65 61
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N Red
ondo
Bea
ch/V
illas
North
S Red
ondo
Bea
ch W
of P
CH
N Red
ondo
Bea
ch/V
illas
South
S Red
ondo
Bea
ch S
of T
orra
nce
Blvd
S Red
ondo
Bea
ch N
of T
orra
nce
Blvd
N Red
ondo
Bea
ch/G
olden
Hills
N Red
ondo
Bea
ch/E
l Nido
Mar
ket M
edian
s -
100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000
1,000,000
2013 Median Sales Statistics: July - Sept
Sept
Aug
July
* See next slide for supportive dataBack to Table of Contents
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2013 Median Sales by Map Area Sept Aug July
N Redondo Beach/Villas North 797,500 817,500 605,000
S Redondo Beach W of PCH 750,000 785,000 925,000
N Redondo Beach/Villas South 695,000 730,000 687,000
S Redondo Beach S of Torrance Blvd 825,000 825,800 820,750
S Redondo Beach N of Torrance Blvd 885,000 960,000 885,000
N Redondo Beach/Golden Hills 800,000 810,000 790,000
N Redondo Beach/El Nido 685,000 555,000 557,500
Market Medians 750,000 783,500 752,500
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 Market Sales Medians
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
Median Sales Price by Map Area: Year-to-Year for September
Sept 2013
Sept 2012
Sept 2011
* See next slide for supportive dataBack to Table of Contents
Median Sales Price by Map Area: Year-to-Year for September 2013 2012 2011N Redondo Beach/Villas North 797,500 637,500 660,000 S Redondo Beach W of PCH 750,000 614,500 575,000 N Redondo Beach/Villas South 695,000 610,000 660,000 S Redondo Beach S of Torrance Blvd 825,000 720,000 741,688 S Redondo Beach N of Torrance Blvd 885,000 672,000 665,000 N Redondo Beach/Golden Hills 800,000 725,000 689,000 N Redondo Beach/El Nido 685,000 630,000 521,000
Total Market Sales Medians 750,000 650,000 650,000
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
5
10
15
20
25
30
35
40
45
50
2013 Active Listings 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
* See next slide for supportive dataBack to Table of Contents
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 - - - S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 - - - N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 - - - S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 - - - S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 - - - N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 - - - N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 - - -
Total Active Listings 130 150 150 170 169 164 191 181 165 - - - Total Sales 47 50 70 74 86 89 100 89 82
Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7%
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* See next slide for supportive data
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
20
40
60
80
100
120
140
160
180
200
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 - - - S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 - - - N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 - - - S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 - - - S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 - - - N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 - - - N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 - - -
Total Active Listings 130 150 150 170 169 164 191 181 165 - - - Total Sales 47 50 70 74 86 89 100 89 82
Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7%
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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
0
10
20
30
40
50
60
Active Listings by Map Area: Year-to-Year for September
Sept 2013
Sept 2012
Sept 2011
* See next slide for supportive dataBack to Table of Contents
Active Listings by Map Area: Year-to-Year for September 2013 2012 2011N Redondo Beach/Villas North 34 35 58S Redondo Beach W of PCH 44 40 50N Redondo Beach/Villas South 19 40 53S Redondo Beach S of Torrance Blvd 14 25 35S Redondo Beach N of Torrance Blvd 34 32 37N Redondo Beach/Golden Hills 7 16 22N Redondo Beach/El Nido 9 16 18
Total Active Listings 161 204 273
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00
10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00
2013 Months of Inventory 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
* See next slide for supportive dataBack to Table of Contents
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 2.8 1.8 1.8 1.2 1.2 2.3 1.6 2.0 2.3 - - - S Redondo Beach W of PCH 3.5 5.8 3.4 3.3 3.3 3.3 3.2 3.5 2.9 - - - N Redondo Beach/Villas South 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 - - - S Redondo Beach S of Torrance Blvd 21.0 6.0 1.4 3.0 2.2 1.7 1.5 1.9 1.3 - - - S Redondo Beach N of Torrance Blvd 2.7 3.7 1.8 5.0 1.6 2.7 3.0 2.8 4.3 - - - N Redondo Beach/Golden Hills 1.2 1.0 3.3 1.3 1.2 0.7 5.0 0.6 2.3 - - - N Redondo Beach/El Nido 4.0 3.0 2.0 1.6 11.0 1.4 1.6 1.8 1.5 - - -
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* See next slide for supportive data
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
1.0
2.0
3.0
4.0
5.0
6.0
7.0
Months of Inventory: Year-to-Year
2013
2012
2011
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Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 2.6 3.0 1.9 2.3 2.0 1.8 1.9 2.0 2.0 - - - 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 2011 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 6.4 3.8 3.1
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Outlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013.
With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from.
Keep in mind… Residential homes sales increased 26+% from September 2012 to 2013 Median sales price increased $100K from September 2012 to 2013 Median days to sell decreased 15.4% from September 2012 to 2013 Months of inventory is improving with significant declines seen throughout 2013 relative to 2012 Active listings in September 2013 totaled 161, which is down 21% from August And, the sales/listing ratio improved to 49.7%
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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 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
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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.
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings
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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