January 2014 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions January 2014

Table of

Contents

Key Statistics for January

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 February

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

Key Statistics for January

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 47 49 2 4.3%

Median Sales Price 699,000 755,000 56,000 8.0%

Median Days to Sell 60 44 -16 -26.7%

Listings 125 125 0 0.0%

Months of Inventory 2.6 2.6 0 0.0%


2014 Residential Sales by Map Area Jan

N Redondo Beach/Villas North 8

S Redondo Beach W of PCH 7

N Redondo Beach/Villas South 11

S Redondo Beach S of Torrance Blvd 9

S Redondo Beach N of Torrance Blvd 4

N Redondo Beach/Golden Hills 8

N Redondo Beach/El Nido 2

Total Sales 49

0

2

4

6

8

10

12

Jan

2014 Residential Sales Statistics: January

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


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

N Redondo Beach/Villas North 6 8 8

S Redondo Beach W of PCH 7 8 7

N Redondo Beach/Villas South 14 16 11

S Redondo Beach S of Torrance Blvd 5 1 9

S Redondo Beach N of Torrance Blvd 3 6 4

N Redondo Beach/Golden Hills 3 6 8

N Redondo Beach/El Nido 3 2 2

Total Sales 41 47 49

0

2

4

6

8

10

12

14

16

2012 2013 2014

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









2014 Median Sale Price by Map Area Jan

N Redondo Beach/Villas North 672,500

S Redondo Beach W of PCH 1,025,000

N Redondo Beach/Villas South 672,000

S Redondo Beach S of Torrance Blvd 755,000

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

N Redondo Beach/Golden Hills 806,000

N Redondo Beach/El Nido 590,000

Market Median Sale Price 755,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jan

2014 Median Sale Price Statistics: January








Market Median Sale Price


Median Sale Price by Map Area: Year-to-Year for January 2012 2013 2014

N Redondo Beach/Villas North 505,000 695,000 672,500

S Redondo Beach W of PCH 650,000 766,000 1,025,000

N Redondo Beach/Villas South 564,500 571,500 672,000

S Redondo Beach S of Torrance Blvd 460,000 357,000 755,000

S Redondo Beach N of Torrance Blvd 710,000 786,250 1,005,000

N Redondo Beach/Golden Hills 540,000 727,500 806,000

N Redondo Beach/El Nido 420,000 475,000 590,000

Market Median Sale Price 560,000 699,000 755,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

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








Market Median Sale Price


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








Total Active Listings 125

-

5

10

15

20

25

30

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

Total Sales 49

Sales/Listings Ratio 39.2%

-

20

40

60

80

100

120

140


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales


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

N Redondo Beach/Villas North 41 22 27

S Redondo Beach W of PCH 35 27 20

N Redondo Beach/Villas South 35 22 30

S Redondo Beach S of Torrance Blvd 25 21 13

S Redondo Beach N of Torrance Blvd 24 18 16

N Redondo Beach/Golden Hills 16 7 8

N Redondo Beach/El Nido 16 8 11

Total Active Listings 192 125 125

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

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









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

S Redondo Beach W of PCH 2.9

N Redondo Beach/Villas South 2.7

S Redondo Beach S of Torrance Blvd 1.4

S Redondo Beach N of Torrance Blvd 4.0

N Redondo Beach/Golden Hills 1.0

N Redondo Beach/El Nido 5.5

-

1.0

2.0

3.0

4.0

5.0

6.0


2014 Months of Inventory by Map Area









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

-

1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory: Year-to-Year

2012

2013

2014

Outlook for February

Data analysis of Redondo Beach real estate activity for January 2014 relative to the same time last year

revealed a 4.3% increase in total sales, an 8.0% improvement in the median sales price, and a 26.7%

reduction in the median days to sell. Figures for both listings and months of inventory were identical year-

over-year.

Accordingly, evidence suggests market performance projections for February are likely to improve or

remain somewhat equal when compared to January stats. One caveat, however, is what impact if any the

tax season might have on selling or buying interests.

With this in mind, the recap is…


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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