Redondo Beach Real Estate Market Conditions - September 2013

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Table ofContentsTable ofContents

Key StatisticsFor September

Sales2013 Residential Sales Stats: July Sept Graph2013 Residential Sales Stats: July Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data

Median

2013 Median Sales Stats: July Sept Graph2013 Median Sales Stats: July Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data

Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data

2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data

Inventory2013 Months of Inventory by Map Area Graph

2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data

OutlookFor October

About The Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for SeptemberKey Statistics for September

Total Home Sales: 82 26.2% from September 2012

Median Sales Price Up $100K 15.4% from September 2012

Median Days to Sell: 37 32.7% from September 2012

Current Active Listings: 165 21.1% from August 2013

Inventory Turnover: 2 Months 45.0% from September 2012 Sales/Listing Ratio: 49.7%

Back to Table of Contents


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0

5

10

15

20

25

30

N RedondoBeach/Villas

North

S RedondoBeach W of

PCH


South

S RedondoBeach S of

Torrance Blvd

S RedondoBeach N of

Torrance Blvd

N RedondoBeach/Golden

Hills

N RedondoBeach/El Nido

2013 Residential Sales Statistics: July - Sept

Sept

Aug

July

* See next slide for supportive dataBack to Table of Contents


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201

2 100



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* See next slide for supportive data

0

10

20

30

40

50

60

70

80

90


North

S RedondoBeach W of

PCH


South

S RedondoBeach S of

Torrance Blvd

S RedondoBeach N of

Torrance Blvd


Hills


Total Sales

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

Sept2013

Sept2012

Sept2011



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201 2012 2011

2 1



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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


North

S RedondoBeach W of

PCH


South

S RedondoBeach S of

Torrance Blvd

S RedondoBeach N of

Torrance Blvd


Hills


MarketMedians

2013 Median Sales Statistics: July - Sept

Sept

Aug

July



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100,000

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400,000

500,000

600,000

700,000

800,000

900,000


North

S RedondoBeach W of

PCH


South

S RedondoBeach S of

Torrance Blvd

S RedondoBeach N of

Torrance Blvd


Hills


Total MarketSales

Medians

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

Sept 2013

Sept 2012

Sept 2011



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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

N Redondo Beach/Villas NorthS 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



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201 /

.% .% .% .% .% .% .% .% .%



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-

20

40

60

80

100

120

140

160

180

200


2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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201 /

.% .% .% .% .% .% .% .% .%



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0

10

20

30

40

50

60


North

S RedondoBeach W of PCH


South

S RedondoBeach S of

Torrance Blvd

S RedondoBeach N of

Torrance Blvd


Hills


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

Sept2013

Sept2012

Sept2011



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-

1.00

2.00

3.00

4.00

5.006.00

7.00

8.00

9.00

10.00

11.00

12.00

13.0014.00

15.00

16.00

17.00

18.00

19.00

20.00

21.00


2013 Months of Inventory by Map Area

N Redondo Beach/Villas NorthS 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



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201

. . . . . . . . .

. . . . . . . . .

. . . . . . . . .

. . . . . . . . .

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-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


Months of Inventory: Year-to-Year

2013

2012

2011



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. . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . .



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Outlook for OctoberOutlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as

buyer activity decreases. This normally occurs this time of year because people are focusing their attentionselsewhere, such as children returning to school and preparing for the holiday season. Since mortgageinterest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughoutOctober, and perhaps even thru the end of 2013.

With this in mind supply increasing and buyers aggressively shopping Q4 of 2013 might prove very active!

Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms.Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume makingpossible many acceptable alternatives to choose from.

Keep in mind

Residential homes sales increased 26+% from September 2012 to 2013

Median sales price increased $100K from September 2012 to 2013

Median days to sell decreased 15.4% from September 2012 to 2013

Months of inventory is improving with significant declines seen throughout 2013 relative to 2012

Active listings in September 2013 totaled 161, which is down 21% from August

And, the sales/listing ratio improved to 49.7%



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About the Mother & SonSouth Bay Real Estate TeamAbout the Mother & SonSouth 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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Redondo Beach Real Estate Market Conditions - September 2013

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