august 2014 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions August 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for August

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 September

About Hady Chahine Contact Information


Key Statistics for August

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 90 73 -17 -18.9%

Median Sales Price 862,500 808,000 (54,500) -6.3%

Median Days to Sell 30 35 5 16.7%

Listings 177 164 -13 -7.3%

Sales/Listing Ratio 50.8% 44.5% -6.3% -12.4%

Months of Inventory 2.0 2.3 0.3 15.0%

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

Total Sales 88 73 -15 -17.0%

Median Sales Price 779,250 808,000 28,750 3.7%


Listings 189 164 -25 -13.2%




Total Sales Month-to-Month by Map Area Jun Jul Aug

N Redondo Beach/Villas North 16 10 16

S Redondo Beach W of PCH 0 22 14

N Redondo Beach/Villas South 10 24 13

S Redondo Beach S of Torrance Blvd 11 11 13

S Redondo Beach N of Torrance Blvd 13 11 9

N Redondo Beach/Golden Hills 11 10 7

N Redondo Beach/El Nido 3 2 1

Total Sales 64 90 73

0

10

20

30

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60

70

80

90

Jun Jul Aug

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 70 88 73

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30

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80

90

2012 2013 2014

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








Total Sales



Median Sales Price Month-to-Month by Map Area Jun Jul Aug

N Redondo Beach/Villas North 732,250 640,000 707,000

S Redondo Beach W of PCH - 945,000 893,500

N Redondo Beach/Villas South 808,500 730,000 808,000

S Redondo Beach S of Torrance Blvd 1,000,000 1,160,000 700,000

S Redondo Beach N of Torrance Blvd 875,000 889,000 910,000

N Redondo Beach/Golden Hills 749,000 883,000 856,000

N Redondo Beach/El Nido 590,000 874,500 440,000

Market Median Sales Price 819,550 862,500 808,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jun Jul Aug

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 600,000 783,750 707,000

S Redondo Beach W of PCH 620,000 785,000 893,500

N Redondo Beach/Villas South 770,000 730,000 808,000

S Redondo Beach S of Torrance Blvd 1,038,000 825,800 700,000

S Redondo Beach N of Torrance Blvd 607,000 960,000 910,000

N Redondo Beach/Golden Hills 738,500 810,000 856,000

N Redondo Beach/El Nido 555,000 555,000 440,000

Market Median Sales Price 635,000 779,250 808,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

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








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 33 29 33 36

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11

Total Active Listings 125 142 148 149 164 134 177 164

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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 33 29 33 36

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11

Total Active Listings 125 142 148 149 164 134 177 164

Total Sales 49 44 79 75 65 64 90 73

Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% 50.8% 44.5%

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20

40

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160

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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 240 189 164

0

50

100

150

200

250

2012 2013 2014

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








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 3.3 1.8 3.3 2.3

S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 - 1.7 2.4

N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3 1.4 2.1

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 2.5 1.9

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 2.2 2.7

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 0.9 1.0

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 6.0 11.0

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2.0

4.0

6.0

8.0

10.0

12.0


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 2.5 2.1 2.0 2.3

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1.0

2.0

3.0

4.0

5.0

6.0


2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for September

According to the MLS, real estate activity in Redondo Beach trended off pace during August with respect

to July. Major data points including total sales, market median sales price, and the sales listing ratio

posted single to double digit declines. Though, historically speaking this time of year is notorious for

changes in seller and buyer activity.

That said it is reasonable to expect real estate market behavior in September to roughly mirror that of

August. However, because mortgage money remains inexpensive and is relatively available movement

can trend either direction. Thus, if you are interested in buying or selling you should call me today so we

can discuss a custom approach to address your respective needs.

Your recap…


Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 90 73 -17 -18.9%

Median Sales Price 862,500 808,000 (54,500) -6.3%


Listings 177 164 -13 -7.3%

Sales/Listing Ratio 50.8% 44.5% -6.3% -12.4%



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 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.


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