Redondo Beach Real Estate Market Conditions - October 2013

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Redondo BeachResidential Real Estate

Market ConditionsOctober 2013


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Table ofContents

Key Statistics for October

Sales

2013 Residential Sales Stats: Aug - Oct

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

Median

2013 Median Sales Stats: Aug - Oct

Year-to-Year Median Sales by Map Area: Oct

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

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

Inventory

2013 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for October

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2013 Oct 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 82 68 -14 -17.1%

Median Sales Price 750,000 747,500 (2,500) -0.3%

Median Days to Sell 37 36 -1 -2.7%

Listings 165 150 -15 -9.1%

Sales/Listing Ratio 49.7 45.3 -4.4 -8.9%

Inventory Turnover 2.0 2.2 0.2 10.0%

Monthly Comparison Year-to-Year Oct 2012 Oct 2013 Delta Delta Increase Decrease

Total Sales 78 68 -10 -12.8%

Median Sales Price 709,500 747,500 38,000 5.4%


Listings 191 150 -41 -21.5%

Inventory Turnover 2.5 2.2 -0.3 -12.0%


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0

5

10

15

20

25

Aug Sep Oct

2013 Residential Sales Statistics: Aug - Oct

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

2013 Residential Sales by Map Area Aug Sep Oct

N Redondo Beach/Villas North 17 16 20

S Redondo Beach W of PCH 14 15 12

N Redondo Beach/Villas South 20 23 14

S Redondo Beach S of Torrance Blvd 10 11 9

S Redondo Beach N of Torrance Blvd 13 8 7

N Redondo Beach/Golden Hills 10 3 4

N Redondo Beach/El Nido 5 6 2

Total Sales 89 82 68


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0

10

20

30

40

50

60

70

80

2011 2012 2013

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








Total Sales

Sales by Map Area: Year-to-Year for October 2011 2012 2013







NRedondo Beach/El Nido 1 3 2

Total Sales 38 78 68


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-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Aug Sep Oct

2013 Median Sales Statistics: Aug - Oct








Market Medians

2013 Median Sales by Map Area Aug Sep Oct

N Redondo Beach/Villas North 817,500 797,500 647,500

S Redondo Beach W of PCH 785,000 750,000 757,500

N Redondo Beach/Villas South 730,000 695,000 737,500

S Redondo Beach S of Torrance Blvd 825,800 825,000 745,000

S Redondo Beach N of Torrance Blvd 960,000 885,000 930,000

N Redondo Beach/Golden Hills 810,000 800,000 800,000

N Redondo Beach/El Nido 555,000 685,000 710,000

Market Medians 783,500 750,000 747,500


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-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2011 2012 2013

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








Total Market Sales Medians

Median Sales Price by Map Area: Year-to-Year for October 2011 2012 2013

N Redondo Beach/Villas North 575,000 757,570 647,500

S Redondo Beach W of PCH 550,000 749,000 757,500

N Redondo Beach/Villas South 584,500 599,000 737,500

S Redondo Beach S of Torrance Blvd 395,000 957,500 745,000

S Redondo Beach N of Torrance Blvd 771,500 930,000 930,000

N Redondo Beach/Golden Hills 644,000 659,000 800,000

NRedondo Beach/El Nido 435,000 535,000 710,000

Total Market Sales Medians 604,500 709,500 747,500



2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37

N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13

NRedondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12

Total Active Listings 130 150 150 170 169 164 191 181 165 150

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5

10

15

20

25

30

35

40

45

50

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

2013 Active Listings by Map Area










2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37

N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13

N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12

Total Active Listings 130 150 150 170 169 164 191 181 165 150

Total Sales 47 50 70 74 86 89 100 89 82 68

Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% 45.3%

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20

40

60

80

100

120

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160

180

200

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

2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



0

50

100

150

200

250

2011 2012 2013

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






N Redondo Beach/Golden HillsN Redondo Beach/El Nido

Total Active Listings

Active Listings by Map Area: Year-to-Year for October 2011 2012 2013







NRedondo Beach/El Nido 18 15 12

Total Active Listings 243 191 150


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Outlook for NovemberReal estate activity for the Redondo Beach area appears to be leveling off. Compared to September

2013 data, total homes sold for October decreased by a small amount but is partially explained by a

decrease in active listings. Aggregate median sales price and median days to sell remain relatively

consistent while sales/listing ratio and inventory turnover noted a small decline in performance.

According to MLS data, despite news from the Federal Reserve and its intention to continue QE policy

through 2013, and perhaps well into 2014, it appears this somewhat leveling off trending behavior is likely

to continue during the month of November.

With this in mind, the recap is


Month-to-Month Comparison Sep 2013 Oct 2013 Delta (qty) Delta (%) Increase DecreaseTotal Sales 82 68 -14 -17.1%

Median Sales Price 750,000 747,500 (2,500) -0.3%


Listings 165 150 -15 -9.1%

Sales/Listing Ratio 49.7 45.3 -4.4 -8.9%

Inventory Turnover 2.0 2.2 0.2 10.0%


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About the Mother & Son

South Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California2012

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.

Website: http://HHCRealEstate.com

Listings: http://HHCRealEstate.com/featured-south-bay-homes

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

Blog: http://HHCRealEstate.com/real-estate-news/

Hady Chahine [email protected] 310-404-5361

Hassana Chahine [email protected]

310-756-8949

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Redondo Beach Real Estate Market Conditions - October 2013

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