Redondo Beach Real Estate Market Conditions - August 2014

8/11/2019 Redondo Beach Real Estate Market Conditions - August 2014

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Redondo BeachResidential Real Estate

Market Conditions August 2014

http://hhcrealestate.com/



Table ofContents

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

Listings2014 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

Back to Table of Contents

= 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 7N Redondo Beach/El Nido 3 2 1

Total Sales 64 90 73

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10

20

30

40

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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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20

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70

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




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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





S Redondo Beach N of Torrance BlvdN Redondo Beach/Golden Hills


Market Median Sales Price





Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecN 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

60

80

100

120

140

160

180


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





S Redondo Beach N of Torrance BlvdN Redondo Beach/Golden Hills


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…





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inspection by and/or with the appropriate professionals.


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Redondo Beach Real Estate Market Conditions - August 2014

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