December 2015 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions December 2015

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Table of

Contents

Key Statistics for December

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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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 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 42 69 27 64.3%

Median Sales Price 830,500 832,500 2,000 0.2%

Median Days to Sell 34 40 6 17.6%

Listings 134 94 -40 -29.9%

Sales/Listing Ratio 31.3% 73.4% 42.1% 134.5%

Months of Inventory 3.0 1.0 -2.0 -66.7%

Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease

Total Sales 73 69 -4 -5.5%


Median Days to Sell 51 40 -11 -21.6%

Listings 100 94 -6 -6.0%




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

N Redondo Beach/Villas North 17 11 16

S Redondo Beach W of PCH 10 8 3

N Redondo Beach/Villas South 19 9 17

S Redondo Beach S of Torrance Blvd 14 4 8

S Redondo Beach N of Torrance Blvd 12 4 10

N Redondo Beach/Golden Hills 9 5 9

N Redondo Beach/El Nido 2 1 6

Total Sales 83 42 69

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Oct Nov Dec

2015 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 2013 2014 2015








Total Sales 69 73 69

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2013 2014 2015

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 730,000 850,000 789,500

S Redondo Beach W of PCH 778,000 682,000 850,000

N Redondo Beach/Villas South 855,000 930,000 860,000

S Redondo Beach S of Torrance Blvd 938,000 922,000 974,750

S Redondo Beach N of Torrance Blvd 896,000 1,215,000 875,000

N Redondo Beach/Golden Hills 940,000 811,000 938,000

N Redondo Beach/El Nido 707,500 621,000 736,000

Market Median Sales Price 850,000 830,500 832,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Oct Nov Dec

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 690,000 712,500 789,500

S Redondo Beach W of PCH 815,000 957,000 850,000

N Redondo Beach/Villas South 660,000 650,000 860,000

S Redondo Beach S of Torrance Blvd 798,750 792,813 974,750

S Redondo Beach N of Torrance Blvd 917,500 860,000 875,000

N Redondo Beach/Golden Hills 785,250 765,000 938,000

N Redondo Beach/El Nido 780,000 750,000 736,000

Market Median Sales Price 775,000 760,000 832,500

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900,000

1,000,000

2013 2014 2015

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 18 24 25 24 38 32 31 28 31 25 19 9

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32 23

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26 20

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21 18

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19 14

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9 7

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8 3

Total Active Listings 97 112 119 156 164 141 147 137 155 149 134 94

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

2015 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 18 24 25 24 38 32 31 28 31 25 19 9

S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32 23

N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26 20

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21 18

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19 14

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9 7

N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8 3

Total Active Listings 97 112 119 156 164 141 147 137 155 149 134 94

Total Sales 46 41 81 79 89 90 99 75 73 83 42 69

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1% 55.7% 31.3% 73.4%

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015








Total Active Listings 133 100 94

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2013 2014 2015

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 1.4 4.8 1.4 1.6 1.9 2.0 1.0 2.0 2.0 1.0 2.0 1.0

S Redondo Beach W of PCH 2.2 4.0 1.7 1.8 1.5 2.0 2.0 1.0 3.0 3.0 4.0 8.0

N Redondo Beach/Villas South 5.2 1.8 1.1 1.9 1.5 2.0 2.0 2.0 2.0 1.0 3.0 1.0

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0 3.0 3.0 2.0 1.0 5.0 2.0

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7 4.1 2.0 1.0 2.0 2.0 2.0 5.0 1.0

N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3 2.6 1.0 1.0 1.0 2.0 2.0 2.0 1.0

N Redondo Beach/El Nido 6.0 11.0 2.0 1.4 1.6 1.0 1.0 3.0 3.0 6.0 8.0 1.0

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4.0

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2015 Months of Inventory by Map Area










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

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

2015 2.1 2.7 1.5 2.0 1.8 2.0 1.0 2.0 2.0 2.0 3.0 1.0

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3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015


Summary Total closed escrows for Redondo Beach residential properties increased 64.3% month-over-month to end 2015. Other positive metrics include median sales price (+0.2%) and sales-listing ratio (134.5%). The flip-side to this coin is that median days to sell and total net listings produced less favorable numbers, or +17.6% and -29.9% respectively speaking. The median sales price year-over-year metric improved 9.5% or $72.5K for properties located in this highly coveted beach community. In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in California, up 6.4 percent from a revised 382,720 in 2014.” http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a realtor it doesn’t cost you more to work with the best.


Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease

Total Sales 73 69 -4 -5.5%


Median Days to Sell 51 40 -11 -21.6%

Listings 100 94 -6 -6.0%


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

Total Sales 42 69 27 64.3%


Median Days to Sell 34 40 6 17.6%

Listings 134 94 -40 -29.9%

Sales/Listing Ratio 31.3% 73.4% 42.1% 134.5%



http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard

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December 2015 Redondo Beach Real Estate Market Trends Update

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Transcript of December 2015 Redondo Beach Real Estate Market Trends Update