January 2015 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions January 2015

http://hhcrealestate.com/

Table of

Contents

Key Statistics for January

Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for February

About Hady Chahine Contact Information


Key Statistics for January

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 46 TBD #VALUE! #VALUE!

Median Sales Price 815,000 TBD #VALUE! #VALUE!

Median Days to Sell 52 TBD #VALUE! #VALUE!

Listings 97 TBD #VALUE! #VALUE!

Sales/Listing Ratio 47.4% TBD #VALUE! #VALUE!

Months of Inventory 2.1 TBD #VALUE! #VALUE!

Monthly Comparison Year-to-Year Jan 2014 Jan 2015 Delta Delta Increase Decrease

Total Sales 50 46 -4 -8.0%

Median Sales Price 758,750 815,000 56,250 7.4%

Median Days to Sell 44 52 8 18.2%

Listings 150 97 -53 -35.3%

Months of Inventory 2.6 2.1 -0.5 -19.2%



Total Sales Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 13

S Redondo Beach W of PCH 6

N Redondo Beach/Villas South 6

S Redondo Beach S of Torrance Blvd 8

S Redondo Beach N of Torrance Blvd 6

N Redondo Beach/Golden Hills 6

N Redondo Beach/El Nido 1

Total Sales 46

0

5

10

15

20

25

30

35

40

45

50

Jan Feb Mar

2015 Total Sales Month-to-Month by Map Area

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

Total Sales



Total Sales Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 8 8 13

S Redondo Beach W of PCH 8 8 6

N Redondo Beach/Villas South 16 11 6

S Redondo Beach S of Torrance Blvd 1 9 8

S Redondo Beach N of Torrance Blvd 6 4 6

N Redondo Beach/Golden Hills 6 8 6

N Redondo Beach/El Nido 2 2 1

Total Sales 47 50 46

0

5

10

15

20

25

30

35

40

45

50

2013 2014 2015

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








Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 799,900

S Redondo Beach W of PCH 698,750

N Redondo Beach/Villas South 680,000

S Redondo Beach S of Torrance Blvd 781,950

S Redondo Beach N of Torrance Blvd 942,500

N Redondo Beach/Golden Hills 981,500

N Redondo Beach/El Nido 575,000

Market Median Sales Price 815,000

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Jan Feb Mar

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 695,000 672,500 799,900

S Redondo Beach W of PCH 766,000 1,012,000 698,750

N Redondo Beach/Villas South 571,500 672,000 680,000

S Redondo Beach S of Torrance Blvd 357,000 755,000 781,950

S Redondo Beach N of Torrance Blvd 786,250 1,005,000 942,500

N Redondo Beach/Golden Hills 727,500 806,000 981,500

N Redondo Beach/El Nido 475,000 590,000 575,000

Market Median Sales Price 699,000 758,750 815,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

Median Sales Price Year-to-Year by Map Area: January








Market Median Sales Price



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








Total Active Listings 97

-

5

10

15

20

25

30

35

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

2015 Active Listings by Map Area










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








Total Active Listings 97

Total Sales 46

Sales/Listings Ratio 47.4%

-

10

20

30

40

50

60

70

80

90

100


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 22 30 18

S Redondo Beach W of PCH 27 23 13

N Redondo Beach/Villas South 22 38 31

S Redondo Beach S of Torrance Blvd 21 16 15

S Redondo Beach N of Torrance Blvd 18 20 12

N Redondo Beach/Golden Hills 7 10 2

N Redondo Beach/El Nido 8 13 6

Total Active Listings 125 150 97

0

20

40

60

80

100

120

140

160

2013 2014 2015

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








Total Active Listings



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

N Redondo Beach/Villas North 1.4

S Redondo Beach W of PCH 2.2

N Redondo Beach/Villas South 5.2

S Redondo Beach S of Torrance Blvd 1.9

S Redondo Beach N of Torrance Blvd 2.0

N Redondo Beach/Golden Hills 0.3

N Redondo Beach/El Nido 6.0

-

1.0

2.0

3.0

4.0

5.0

6.0


2015 Months of Inventory by Map Area










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

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 2.0 2.5 2.1 2.0 2.3 2.2 1.8 2.1 1.2

2015 2.1

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015


Outlook for February

Who said the winter-holiday season adversely affects real estate activity in Redondo Beach? According

to the MLS this friendly beach community recorded 46 sales, posted a 47.4% sales/listing ratio, and

closed out the month with a median market sales price of $815K. – Not too bad!

“What is my forecast for February?” you ask. Most likely lots more of the same. Given the Fed’s recent

announcement concerning an interest rate hike sometime in mid-to-late 2015 I suspect buyers are

already positioning themselves to take advantage of historically low mortgage rates while they last.

Thus, for all the potential sellers out their now is the time to seriously consider listing. For a free CMA

and to discuss my proven marketing strategies, please give me a call today!

Your recap…


Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 46 TBD #VALUE! #VALUE!

Median Sales Price 815,000 TBD #VALUE! #VALUE!

Median Days to Sell 52 TBD #VALUE! #VALUE!

Listings 97 TBD #VALUE! #VALUE!

Sales/Listing Ratio 47.4% TBD #VALUE! #VALUE!

Months of Inventory 2.1 TBD #VALUE! #VALUE!


Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012

RE/MAX 100% Club - 2011

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


About

Hady Chahine…


The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for

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.


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January 2015 Redondo Beach Real Estate Market Trends Update

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