December 2014 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions December 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for December

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 January

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Key Statistics for December

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 59 70 11 18.6%

Median Sales Price 785,000 767,500 (17,500) -2.2%

Median Days to Sell 50 49 -1 -2.0%

Listings 126 85 -41 -32.5%

Sales/Listing Ratio 46.8% 82.4% 35.6% 76.1%

Months of Inventory 2.1 1.2 -0.9 -42.9%

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

Total Sales 69 70 1 1.4%


Median Days to Sell 40 49 9 22.5%

Listings 131 85 -46 -35.1%




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

N Redondo Beach/Villas North 20 12 13

S Redondo Beach W of PCH 7 10 8

N Redondo Beach/Villas South 15 11 14

S Redondo Beach S of Torrance Blvd 16 9 7

S Redondo Beach N of Torrance Blvd 9 8 20

N Redondo Beach/Golden Hills 6 5 5

N Redondo Beach/El Nido 6 4 3

Total Sales 79 59 70

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Oct Nov Dec

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 64 69 70

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2012 2013 2014

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








Total Sales



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

N Redondo Beach/Villas North 702,500 775,000 750,000

S Redondo Beach W of PCH 1,060,000 857,750 957,000

N Redondo Beach/Villas South 808,000 759,000 650,000

S Redondo Beach S of Torrance Blvd 925,000 1,000,000 830,000

S Redondo Beach N of Torrance Blvd 1,167,007 732,500 870,000

N Redondo Beach/Golden Hills 852,000 850,000 765,000

N Redondo Beach/El Nido 726,500 712,500 750,000

Market Median Sales Price 810,000 785,000 767,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Oct Nov Dec

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 661,000 690,000 750,000

S Redondo Beach W of PCH 542,000 815,000 957,000

N Redondo Beach/Villas South 661,000 660,000 650,000

S Redondo Beach S of Torrance Blvd 1,329,000 798,750 830,000

S Redondo Beach N of Torrance Blvd 632,000 917,500 870,000

N Redondo Beach/Golden Hills 684,000 785,250 765,000

N Redondo Beach/El Nido 579,500 780,000 750,000

Market Median Sales Price 661,000 775,000 767,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2012 2013 2014

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








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 34 25 32 17

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34 26 23 11 12

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27 29 30 29 21

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25 25 25 21 16

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24 24 28 25 11

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7 10 9 4 4

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11 11 5 4 4

Total Active Listings 125 142 148 149 164 134 177 164 159 145 126 85

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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 34 25 32 17

S Redondo Beach W of PCH 20 29 37 35 40 - 38 34 26 23 11 12

N Redondo Beach/Villas South 30 29 24 23 27 33 34 27 29 30 29 21

S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27 25 25 25 21 16

S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24 24 24 28 25 11

N Redondo Beach/Golden Hills 8 10 9 12 10 10 9 7 10 9 4 4

N Redondo Beach/El Nido 11 14 12 10 9 8 12 11 11 5 4 4

Total Active Listings 125 142 148 149 164 134 177 164 159 145 126 85

Total Sales 49 44 79 75 65 64 90 73 71 79 59 70

Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% 50.8% 44.5% 44.7% 54.5% 46.8% 82.4%

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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 126 131 85

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2012 2013 2014

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








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 2.3 1.3 2.7 1.3

S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 - 1.7 2.4 2.4 3.3 1.1 1.5

N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3 1.4 2.1 2.2 2.0 2.6 1.5

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 2.5 1.9 3.6 1.6 2.3 2.3

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 2.2 2.7 1.9 3.1 3.1 0.6

N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 0.9 1.0 2.5 1.5 0.8 0.8

N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 6.0 11.0 1.4 0.8 1.0 1.3

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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 2.2 1.8 2.1 1.2

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2014 Months of Inventory Year-to-Year

2012

2013

2014


Outlook for January Overall real estate activity for Redondo Beach in December was rather encouraging, as reported by the

MLS, which communicated an 18.6% increase in total sales and a 35.6% improvement in the sales/listing

ratio despite a marginal 2.2% drop in the market median sales price. From a year-to-year perspective,

the gains in the market median sales price held strong with only 1% given up to this winter month, or

$775K in December 2013 as compared to $767.5K for December 2014. In summary, overall

performance for the Redondo Beach real estate market in 2014 was reassuring that the local economy 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 meeting to discuss how

I can be of service to you.

Your recap…


Month-to-Month Comparison Nov 2014 Dec 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 59 70 11 18.6%


Median Days to Sell 50 49 -1 -2.0%

Listings 126 85 -41 -32.5%

Sales/Listing Ratio 46.8% 82.4% 35.6% 76.1%



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

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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.


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December 2014 Redondo Beach Real Estate Market Trends Update

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Transcript of December 2014 Redondo Beach Real Estate Market Trends Update