november 2016 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions November 2016

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Table of

Contents

Key Statistics for November

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for November

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= trending positive = trending positive

= trending negative = trending negative

Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease

Total Sales 43 67 24 55.8%

Median Sales Price 850,000 899,000 49,000 5.8%

Median Days to Sell 32 46 14 43.8%

Listings 144 142 -2 -1.4%

Months of Inventory 3.0 2.0 -1 -33.3%

Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 66 67 1 1.5%



Listings 169 142 -27 -16.0%

Sales/Listing Ratio 39.1% 47.2% 8.1% 20.7%

Months of Inventory 3.0 2.0 -1.0 -33.3%



Total Sales Month-to-Month by Map Area Sep Oct Nov

N Redondo Beach/Villas North 16 22 18

S Redondo Beach W of PCH 11 8 13

N Redondo Beach/Villas South 10 12 15

S Redondo Beach S of Torrance Blvd 9 9 5

S Redondo Beach N of Torrance Blvd 5 5 8

N Redondo Beach/Golden Hills 6 8 6

N Redondo Beach/El Nido 6 2 2

Total Sales 63 66 67

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10

20

30

40

50

60

70

Sep Oct Nov

2016 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 2014 2015 2016








Total Sales 59 43 67

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10

20

30

40

50

60

70

2014 2015 2016

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








Total Sales



Median Sales Price Month-to-Month by Map Area Sep Oct Nov

N Redondo Beach/Villas North 807,500 857,000 837,000

S Redondo Beach W of PCH 671,000 872,500 1,050,000

N Redondo Beach/Villas South 792,500 875,950 870,000

S Redondo Beach S of Torrance Blvd 1,080,000 1,085,000 1,880,000

S Redondo Beach N of Torrance Blvd 1,040,000 860,000 880,500

N Redondo Beach/Golden Hills 993,500 898,500 928,500

N Redondo Beach/El Nido 871,000 1,180,000 1,165,000

Market Median Sales Price 899,000 891,000 899,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Sep Oct Nov

2016 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 775,000 850,000 837,000

S Redondo Beach W of PCH 857,500 682,000 1,050,000

N Redondo Beach/Villas South 759,000 930,000 870,000

S Redondo Beach S of Torrance Blvd 1,000,000 1,095,000 1,880,000

S Redondo Beach N of Torrance Blvd 732,500 1,215,000 880,500

N Redondo Beach/Golden Hills 850,000 811,000 928,500

N Redondo Beach/El Nido 712,500 621,000 1,165,000

Market Median Sales Price 785,000 850,000 899,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

2014 2015 2016

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








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 9 18 18 14 21 29 26 47 39 39 34

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24 27

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38 25

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19 16

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27 22

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13 12

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9 6

Total Active Listings 98 116 123 122 135 174 158 173 186 169 142

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5

10

15

20

25

30

35

40

45

50

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

2016 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 9 18 18 14 21 29 26 47 39 39 34

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24 27

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38 25

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19 16

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27 22

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13 12

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9 6

Total Active Listings 98 116 123 122 135 174 158 173 186 169 142

Total Sales 54 34 73 87 83 89 83 82 63 66 67

Sales/Listings Ratio 55.1% 29.3% 59.3% 71.3% 61.5% 51.1% 52.5% 47.4% 33.9% 39.1% 47.2%

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20

40

60

80

100

120

140

160

180

200


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016








Total Active Listings 151 144 142

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20

40

60

80

100

120

140

160

2014 2015 2016

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








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 1.0 4.0 2.0 1.0 1.0 3.0 2.0 3.0 2.0 2.0 2.0

S Redondo Beach W of PCH 4.0 16.0 2.0 2.0 2.0 2.0 3.0 2.0 3.0 3.0 2.0

N Redondo Beach/Villas South 1.0 2.0 2.0 2.0 1.0 2.0 1.0 2.0 4.0 3.0 2.0

S Redondo Beach S of Torrance Blvd 2.0 2.0 2.0 2.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0

S Redondo Beach N of Torrance Blvd 2.0 2.0 2.0 2.0 3.0 2.0 2.0 2.0 6.0 5.0 3.0

N Redondo Beach/Golden Hills 3.0 15.0 1.0 1.0 1.0 2.0 2.0 1.0 3.0 2.0 2.0

N Redondo Beach/El Nido 1.0 - 1.0 1.0 1.0 1.0 3.0 7.0 2.0 5.0 3.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2016 Months of Inventory by Map Area










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

2014 3.0 4.0 2.0 2.0 3.0 3.0 2.0 3.0 3.0 2.0 2.0 1.0

2015 2.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 1.0

2016 2.0 3.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0 3.0 2.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2016 Months of Inventory Year-to-Year

2014

2015

2016


Summary Analysis of the Redonda Beach real estate market for November revealed total sales increased 1.5%, median days to sale improved 0.9%, and the sales-listing ratio climbed 20.7%. However, during this time the median days to sell spiked 119% while net listings dropped 16%. Year-over-year months of inventory supply contracted 33.3% from November 2015 to 2016.

In November, C.A.R. reported ““California’s housing market showed signs of cooling competition with fewer price reductions and properties receiving multiple offers dropping for the seventh straight month.” http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.


Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 66 67 1 1.5%



Listings 169 142 -27 -16.0%

Sales/Listing Ratio 39.1% 47.2% 8.1% 20.7%

Months of Inventory 3.0 2.0 -1.0 -33.3%

Monthly Comparison Year-to-Year Nov 2015 Nov 2016 Delta Delta Increase Decrease

Total Sales 43 67 24 55.8%



Listings 144 142 -2 -1.4%

Months of Inventory 3.0 2.0 -1 -33.3%


http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?view=Standard

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RE/MAX 100% Club - 2011

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