March 2015 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions March 2015

http://hhcrealestate.com/

Table of

Contents

Key Statistics for March

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 April

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Key Statistics for March

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 41 81 40 97.6%

Median Sales Price 810,000 875,000 65,000 8.0%

Median Days to Sell 34 29 -5 -14.7%

Listings 112 119 7 6.3%

Sales/Listing Ratio 36.6% 68.1% 31.5% 86.1%

Months of Inventory 2.7 1.5 -1.2 -44.4%

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

Total Sales 79 81 2 2.5%



Listings 171 119 -52 -30.4%




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

N Redondo Beach/Villas North 13 5 18

S Redondo Beach W of PCH 6 4 10

N Redondo Beach/Villas South 6 16 24

S Redondo Beach S of Torrance Blvd 8 7 9

S Redondo Beach N of Torrance Blvd 6 5 9

N Redondo Beach/Golden Hills 6 3 6

N Redondo Beach/El Nido 1 1 5

Total Sales 46 41 81

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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









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2013 2014 2015

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








Total Sales



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

N Redondo Beach/Villas North 799,900 825,000 863,150

S Redondo Beach W of PCH 698,750 505,750 870,000

N Redondo Beach/Villas South 680,000 755,000 755,750

S Redondo Beach S of Torrance Blvd 781,950 875,000 910,000

S Redondo Beach N of Torrance Blvd 942,500 779,000 1,008,200

N Redondo Beach/Golden Hills 981,500 926,500 952,500

N Redondo Beach/El Nido 575,000 599,000 899,900

Market Median Sales Price 815,000 810,000 875,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

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 648,299 710,000 863,150

S Redondo Beach W of PCH 787,500 1,009,000 870,000

N Redondo Beach/Villas South 549,250 735,400 755,750

S Redondo Beach S of Torrance Blvd 717,000 830,000 910,000

S Redondo Beach N of Torrance Blvd 719,500 830,000 1,008,200

N Redondo Beach/Golden Hills 872,000 862,000 952,500

N Redondo Beach/El Nido 580,000 742,500 899,900

Market Median Sales Price 648,150 760,000 875,000

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800,000

1,000,000

1,200,000

2013 2014 2015

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








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 97 112 119

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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










Sales/Listings Ratio 47.4% 36.6% 68.1%

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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









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2013 2014 2015

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








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 4.8 1.4

S Redondo Beach W of PCH 2.2 4.0 1.7

N Redondo Beach/Villas South 5.2 1.8 1.1

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4

N Redondo Beach/Golden Hills 0.3 1.7 1.2

N Redondo Beach/El Nido 6.0 11.0 2.0

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2.0

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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 2.7 1.5

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1.0

1.5

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2015 Months of Inventory Year-to-Year

2013

2014

2015


Outlook for April According to the MLS, residential real estate activity in Redondo Beach during March was reassuring as several major data points ended in double digits. For example, total sales increased by more than 97%, sales/listing ratio jumped 86.1%, and the median days to sell dropped by 14.7%. Even the market median sales price jumped 8% or $67K from $810K in February to $875K in March. Thankfully this news is not isolated to this highly coveted beach community, as C.A.R. recently reported similar trending behavior throughout the state of California.

See http://www.car.org/newsstand/newsreleases/2015releases/march2015sales?view=Standard

Did you know that Propositions 58 & 193 offer unique tax savings advantages to qualified transfers of real property?

See http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm#1

Your recap…


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

Total Sales 41 81 40 97.6%



Listings 112 119 7 6.3%

Sales/Listing Ratio 36.6% 68.1% 31.5% 86.1%



http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm#1

http://www.car.org/newsstand/newsreleases/2015releases/march2015sales?view=Standard

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RE/MAX Top 4 Team in California – 2012

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About

Hady Chahine…


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March 2015 Redondo Beach Real Estate Market Trends Update

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