December 2013 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions December 2013

Table of

Contents

Key Statistics for December

Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for January

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

Key Statistics for December

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 51 68 17 33.3%

Median Sales Price 711,000 764,498 53,498 7.5%

Median Days to Sell 36 48 12 33.3%

Listings 144 108 -36 -25.0%

Sales/Listing Ratio 35.4% 63.0% 27.6% 78.0%

Inventory Turnover 2.8 1.6 -1.2 -42.9%

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

Total Sales 64 68 4 6.3%


Median Days to Sell 47 40 -7 -14.9%

Listings 125 108 -17 -13.6%



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Oct Nov Dec

2013 Residential Sales Statistics: Oct - Dec

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 Oct Nov Dec

N Redondo Beach/Villas North 20 14 16

S Redondo Beach W of PCH 12 10 12

N Redondo Beach/Villas South 14 8 13

S Redondo Beach S of Torrance Blvd 9 9 6

S Redondo Beach N of Torrance Blvd 7 5 9

N Redondo Beach/Golden Hills 4 4 8

N Redondo Beach/El Nido 2 1 4

Total Sales 68 51 68


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2011 2012 2013

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








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








Total Sales 58 64 68


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Oct Nov Dec

2013 Median Sale Price Statistics: Oct - Dec








Market Median Sale Price

2013 Median Sale Price by Map Area Oct Nov Dec

N Redondo Beach/Villas North 647,500 603,950 681,000

S Redondo Beach W of PCH 757,500 735,000 815,000

N Redondo Beach/Villas South 737,500 763,500 660,000

S Redondo Beach S of Torrance Blvd 745,000 445,000 798,750

S Redondo Beach N of Torrance Blvd 930,000 897,500 917,500

N Redondo Beach/Golden Hills 800,000 767,000 785,250

N Redondo Beach/El Nido 710,000 579,500 780,000

Market Median Sale Price 747,500 711,000 764,498


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2011 2012 2013

Median Sale Price by Map Area: Year-to-Year for December








Market Median Sale Price

Median Sale Price by Map Area: Year-to-Year for December 2011 2012 2013

N Redondo Beach/Villas North 645,000 661,000 681,000

S Redondo Beach W of PCH 570,000 542,000 815,000

N Redondo Beach/Villas South 599,900 661,000 660,000

S Redondo Beach S of Torrance Blvd 750,000 1,329,000 798,750

S Redondo Beach N of Torrance Blvd 565,000 632,000 917,500

N Redondo Beach/Golden Hills 600,250 684,000 785,250

N Redondo Beach/El Nido 480,000 579,500 780,000

Market Median Sale Price 600,000 661,000 764,498


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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 22 19

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26 21

N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19 17

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23 11

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28 20

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15 11

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

Total Active Listings 130 150 150 170 169 164 191 181 165 150 144 108


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2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

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 22 19

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26 21

N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19 17

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23 11

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28 20

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15 11

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

Total Active Listings 130 150 150 170 169 164 191 181 165 150 144 108

Total Sales 47 50 70 74 86 89 100 89 82 68 51 68

Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% 45.3% 35.4% 63.0%


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2011 2012 2013

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








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








Total Active Listings 177 125 108


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2013 Months of Inventory by Map Area








2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 2.8 1.8 1.8 1.2 1.2 2.3 1.6 2.0 2.3 1.2 1.6 1.2

S Redondo Beach W of PCH 3.5 5.8 3.4 3.3 3.3 3.3 3.2 3.5 2.9 3.1 2.6 1.8

N Redondo Beach/Villas South 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 1.6 2.4 1.3

S Redondo Beach S of Torrance Blvd 21.0 6.0 1.4 3.0 2.2 1.7 1.5 1.9 1.3 1.6 2.6 1.8

S Redondo Beach N of Torrance Blvd 2.7 3.7 1.8 5.0 1.6 2.7 3.0 2.8 4.3 4.0 5.6 2.2

N Redondo Beach/Golden Hills 1.2 1.0 3.3 1.3 1.2 0.7 5.0 0.6 2.3 3.3 3.8 1.4

N Redondo Beach/El Nido 4.0 3.0 2.0 1.6 11.0 1.4 1.6 1.8 1.5 6.0 11.0 2.3


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Months of Inventory: Year-to-Year

2011

2012

2013

Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2011 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 6.4 3.8 3.1

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

Outlook for January For December 2013, the Redondo Beach residential real estate market posted promising data statistics

given it was a holiday month and people tend to be more focused on family and friends rather than

homes, mortgages, and property insurance. Overall trending improvements were seen in total sales,

median sales price, sales/listing ratio, and inventory turnover. Trending a bit negative were median days

to sell and the number of listings.

Forecasts for the New Year are reassuring given stable interest in buyer and seller activity and because

the cost to borrower money remains at historically low levels. For questions concerning market trending

behavior, or to request a complementary comparative market analysis, please give me a call.

With this in mind, the recap is…


Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 51 68 17 33.3%


Median Days to Sell 36 48 12 33.3%

Listings 144 108 -36 -25.0%

Sales/Listing Ratio 35.4% 63.0% 27.6% 78.0%


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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