Redondo Beach Real Estate Market Conditions - March 2014

Redondo Beach Residential Real Estate

Market Conditions March 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for March

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 April

About the Mother & Son South Bay Real Estate Team Contact Information


Key Statistics for March

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 44 79 35 79.5%

Median Sales Price 718,000 760,000 42,000 5.8%

Median Days to Sell 37 37 0 0.0%

Listings 142 148 6 4.2%

Sales/Listing Ratio 31.0% 53.4% 22.4% 72.3%

Months of Inventory 3.2 2 -1.3 -40.6%

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

Total Sales 70 79 9 12.9%



Listings 136 148 12 8.8%

Months of Inventory 1.9 1.9 0 0.0%



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Jan Feb Mar

2014 Residential Sales Statistics: March

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

2014 Residential Sales by Map Area Jan Feb Mar

N Redondo Beach/Villas North 8 6 19

S Redondo Beach W of PCH 7 5 7

N Redondo Beach/Villas South 11 12 20

S Redondo Beach S of Torrance Blvd 9 7 5

S Redondo Beach N of Torrance Blvd 4 12 12

N Redondo Beach/Golden Hills 8 0 12

N Redondo Beach/El Nido 2 2 4

Total Sales 49 44 79



0

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4

6

8

10

12

14

16

18

20

2012 2013 2014

Total Sales by Map Area: Year-to-Year for March








Sales by Map Area: Year-to-Year for March 2012 2013 2014











-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jan Feb Mar

2014 Median Sales Price Statistics: March








Market Median Sales Price

2014 Median Sales Price by Map Area Jan Feb Mar

N Redondo Beach/Villas North 672,500 769,000 710,000

S Redondo Beach W of PCH 1,025,000 421,000 1,009,000

N Redondo Beach/Villas South 672,000 777,500 735,400

S Redondo Beach S of Torrance Blvd 755,000 689,000 830,000

S Redondo Beach N of Torrance Blvd 1,005,000 718,000 830,000

N Redondo Beach/Golden Hills 806,000 - 862,000

N Redondo Beach/El Nido 590,000 625,000 742,500

Market Median Sales Price 755,000 718,000 760,000



-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sales Price by Map Area: Year-to-Year for March








Market Median Sales Price

Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014

N Redondo Beach/Villas North 615,500 648,299 710,000

S Redondo Beach W of PCH 731,000 787,500 1,009,000

N Redondo Beach/Villas South 630,000 549,250 735,400

S Redondo Beach S of Torrance Blvd 425,000 717,000 830,000

S Redondo Beach N of Torrance Blvd 655,000 719,500 830,000

N Redondo Beach/Golden Hills 670,000 872,000 862,000

N Redondo Beach/El Nido 526,000 580,000 742,500

Market Median Sales Price 635,500 648,150 760,000



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5

10

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30

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40

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

2014 Active Listings by Map Area








2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec








Total Active Listings 125 142 148



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20

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100

120

140

160


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales

2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec










Sales/Listings Ratio 39.2% 31.0% 53.4%



0

5

10

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40

45

50

2012 2013 2014

Active Listings by Map Area: Year-to-Year for March








Active Listings by Map Area: Year-to-Year for March 2012 2013 2014











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1.0

2.0

3.0

4.0

5.0

6.0

7.0


2014 Months of Inventory by Map Area








2014 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

S Redondo Beach W of PCH 2.9 5.8 5.3

N Redondo Beach/Villas South 2.7 2.4 1.2

S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8

S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3

N Redondo Beach/Golden Hills 1.0 - 0.8

N Redondo Beach/El Nido 5.5 7.0 3.0



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1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory: Year-to-Year

2012

2013

2014

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


Outlook for April

Can I summarize the real estate market activity in Redondo Beach during the month of March in just

one word? Absolutely… Fantastic! With exception of the median days to sell, which held constant, all

other measurement indicators improved and, in some case, by more than 70%. For example, total

sales nearly doubled and the median sales price increased by $42K.

So what’s in store for April, you ask? Absent any negative reaction to the impending tax deadline of

April 15th, I expect this positive trending pattern to continue. Thinking of buying or selling? Give me a

call today and let’s discuss how I can be of service to you.

Your recap…


Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 44 79 35 79.5%



Listings 142 148 6 4.2%

Sales/Listing Ratio 31.0% 53.4% 22.4% 72.3%

Months of Inventory 3.2 2 -1.3 -40.6%


About the Mother & Son

South Bay Real Estate

Team…

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010

Shorewood Realtors Top Producing Agent (Hassana 1989-2001)

ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES



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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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



http://hhcrealestate.com/featured-south-bay-homes

http://hhcrealestate.com/south-bay-mls-real-estate-listings

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Redondo Beach Real Estate Market Conditions - March 2014

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