Redondo Beach Real Estate Market Conditions - June 2015

Redondo Beach Residential Real Estate

Market Conditions June 2015

Table of

Contents

Key Statistics for June

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

Outlook for July

About Hady Chahine Contact Information

Key Statistics for June

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison May 2015 June 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 89 90 1 1.1%

Median Sales Price 849,000 862,500 13,500 1.6%

Median Days to Sell 34 34 0 0.0%

Listings 164 141 -23 -14.0%

Sales/Listing Ratio 54.3% 63.8% 9.5% 17.5%

Months of Inventory 1.8 2 0.2 11.1%

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

Total Sales 78 90 12 15.4%


Median Days to Sell 40 34 -6 -15.0%

Listings 195 141 -54 -27.7%

Months of Inventory 2.1 2.0 -0.1 -4.8%


Total Sales Month-to-Month by Map Area Apr May Jun

N Redondo Beach/Villas North 15 20 18

S Redondo Beach W of PCH 13 14 11

N Redondo Beach/Villas South 16 20 19

S Redondo Beach S of Torrance Blvd 9 16 12

S Redondo Beach N of Torrance Blvd 11 7 11

N Redondo Beach/Golden Hills 7 7 13

N Redondo Beach/El Nido 8 5 6

Total Sales 79 89 90

0

10

20

30

40

50

60

70

80

90

Apr May Jun

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 88 78 90

0

10

20

30

40

50

60

70

80

90

2013 2014 2015

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








Total Sales


Median Sales Price Month-to-Month by Map Area Apr May Jun

N Redondo Beach/Villas North 710,000 902,500 832,500

S Redondo Beach W of PCH 730,000 705,000 899,000

N Redondo Beach/Villas South 837,500 717,500 726,000

S Redondo Beach S of Torrance Blvd 958,000 1,135,000 990,000

S Redondo Beach N of Torrance Blvd 1,200,000 807,000 979,000

N Redondo Beach/Golden Hills 920,000 890,000 985,500

N Redondo Beach/El Nido 791,000 626,500 1,235,688

Market Median Sales Price 842,000 849,000 862,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Apr May Jun

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 673,500 732,250 832,500

S Redondo Beach W of PCH 732,500 765,000 899,000

N Redondo Beach/Villas South 790,000 818,000 726,000

S Redondo Beach S of Torrance Blvd 877,000 1,000,000 990,000

S Redondo Beach N of Torrance Blvd 860,000 875,000 979,000

N Redondo Beach/Golden Hills 798,000 749,000 985,500

N Redondo Beach/El Nido 609,000 590,000 1,235,688

Market Median Sales Price 761,000 808,500 862,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2013 2014 2015

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








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

S Redondo Beach W of PCH 13 16 17 23 21 21

N Redondo Beach/Villas South 31 28 26 31 29 33

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20

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

N Redondo Beach/Golden Hills 2 5 7 16 18 13

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

Total Active Listings 97 112 119 156 164 141

-

5

10

15

20

25

30

35

40

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

S Redondo Beach W of PCH 13 16 17 23 21 21

N Redondo Beach/Villas South 31 28 26 31 29 33

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20

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

N Redondo Beach/Golden Hills 2 5 7 16 18 13

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

Total Active Listings 97 112 119 156 164 141

Total Sales 46 41 81 79 89 90

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8%

-

20

40

60

80

100

120

140

160

180


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 167 195 141

0

20

40

60

80

100

120

140

160

180

200

2013 2014 2015

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








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

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

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

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0

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

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

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

-

2.0

4.0

6.0

8.0

10.0

12.0


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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015

Outlook for July

In June, the Redondo Beach real estate market produced 90 sales, increased the median sales price $13.5K, and improved its sales/listing ratio by 9.5%. Furthermore, year-over-year analysis reveals a 15.4% jump in sales, a 6.7% in median sales price, and 15% reduction in median days to sell. In the news According to C.A.R., home sales reach highest level in two years despite modest inventory constraints on housing supply (http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/?view=Standard). Given the aforementioned it is reasonable to conclude July activity will mirror, if not surpass, stats recorded in June. For buyers or sellers contemplating jumping into the market, please call me today. - Proper preparation cannot be overstressed!


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

Total Sales 78 90 12 15.4%


Median Days to Sell 40 34 -6 -15.0%

Listings 195 141 -54 -27.7%

Months of Inventory 2.1 2.0 -0.1 -4.8%

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 visitors 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.


Listings MLS BLOG Website

Redondo Beach Real Estate Market Conditions - June 2015

Documents

Transcript of Redondo Beach Real Estate Market Conditions - June 2015