October 2016 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions October 2016

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Table of

Contents

Key Statistics for October

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for October

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 63 66 3 4.8%

Median Sales Price 899,000 891,000 (8,000) -0.9%

Median Days to Sell 24 21 -3 -12.5%

Listings 186 169 -17 -9.1%

Sales/Listing Ratio 33.9% 39.1% 5.2% 15.3%

Months of Inventory 3.0 3.0 0.0 0.0%

Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease

Total Sales 83 66 -17 -20.5%

Median Sales Price 850,000 891,000 41,000 4.8%


Listings 157 169 12 7.6%

Months of Inventory 2.0 3.0 1 50.0%



Total Sales Month-to-Month by Map Area Aug Sep Oct

N Redondo Beach/Villas North 14 16 22

S Redondo Beach W of PCH 14 11 8

N Redondo Beach/Villas South 20 10 12

S Redondo Beach S of Torrance Blvd 11 9 9

S Redondo Beach N of Torrance Blvd 12 5 5

N Redondo Beach/Golden Hills 10 6 8

N Redondo Beach/El Nido 1 6 2

Total Sales 82 63 66

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90

Aug Sep Oct

2016 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 2014 2015 2016








Total Sales 79 83 66

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20

30

40

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90

2014 2015 2016

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








Total Sales



Median Sales Price Month-to-Month by Map Area Aug Sep Oct

N Redondo Beach/Villas North 942,000 807,500 857,000

S Redondo Beach W of PCH 882,033 671,000 872,500

N Redondo Beach/Villas South 858,000 792,500 875,950

S Redondo Beach S of Torrance Blvd 1,105,000 1,080,000 1,085,000

S Redondo Beach N of Torrance Blvd 1,072,500 1,040,000 860,000

N Redondo Beach/Golden Hills 1,037,500 993,500 898,500

N Redondo Beach/El Nido 816,000 871,000 1,180,000

Market Median Sales Price 963,000 899,000 891,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

Aug Sep Oct

2016 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 705,000 730,000 857,000

S Redondo Beach W of PCH 1,060,000 778,000 872,500

N Redondo Beach/Villas South 808,000 855,000 875,950

S Redondo Beach S of Torrance Blvd 925,000 938,000 1,085,000

S Redondo Beach N of Torrance Blvd 1,167,007 896,000 860,000

N Redondo Beach/Golden Hills 849,000 940,000 898,500

N Redondo Beach/El Nido 726,500 707,500 1,180,000

Market Median Sales Price 808,000 850,000 891,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2014 2015 2016

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








Market Median Sales Price



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

N Redondo Beach/Villas North 9 18 18 14 21 29 26 47 39 39

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9

Total Active Listings 98 116 123 122 135 174 158 173 186 169

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

2016 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

N Redondo Beach/Villas North 9 18 18 14 21 29 26 47 39 39

S Redondo Beach W of PCH 25 31 22 28 30 40 38 30 28 24

N Redondo Beach/Villas South 20 23 28 25 21 40 29 34 41 38

S Redondo Beach S of Torrance Blvd 16 17 24 26 25 25 24 18 21 19

S Redondo Beach N of Torrance Blvd 16 12 13 13 19 23 20 25 29 27

N Redondo Beach/Golden Hills 10 15 14 12 12 11 15 12 19 13

N Redondo Beach/El Nido 2 - 4 4 7 6 6 7 9 9

Total Active Listings 98 116 123 122 135 174 158 173 186 169

Total Sales 54 34 73 87 83 89 83 82 63 66

Sales/Listings Ratio 55.1% 29.3% 59.3% 71.3% 61.5% 51.1% 52.5% 47.4% 33.9% 39.1%

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2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016








Total Active Listings 177 157 169

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40

60

80

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180

2014 2015 2016

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








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 1.0 4.0 2.0 1.0 1.0 3.0 2.0 3.0 2.0 2.0

S Redondo Beach W of PCH 4.0 16.0 2.0 2.0 2.0 2.0 3.0 2.0 3.0 3.0

N Redondo Beach/Villas South 1.0 2.0 2.0 2.0 1.0 2.0 1.0 2.0 4.0 3.0

S Redondo Beach S of Torrance Blvd 2.0 2.0 2.0 2.0 2.0 1.0 2.0 2.0 2.0 2.0

S Redondo Beach N of Torrance Blvd 2.0 2.0 2.0 2.0 3.0 2.0 2.0 2.0 6.0 5.0

N Redondo Beach/Golden Hills 3.0 15.0 1.0 1.0 1.0 2.0 2.0 1.0 3.0 2.0

N Redondo Beach/El Nido 1.0 - 1.0 1.0 1.0 1.0 3.0 7.0 2.0 5.0

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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2016 Months of Inventory by Map Area










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

2014 3.0 4.0 2.0 2.0 3.0 3.0 2.0 3.0 3.0 2.0 2.0 1.0

2015 2.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 1.0

2016 2.0 3.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0 3.0

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0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2016 Months of Inventory Year-to-Year

2014

2015

2016


Summary Real estate activity in Redondo Beach during October produced mix results as metrics improved for total sales (+4.8%), median days to sell (-12.5%), and the sales-listing ratio (+15.3%). Moving in the opposite direction were the median sales price and net listings, which dropped 0.9% and 9.1% respectively. Year-over-year months of inventory data point increased 50% from 2015 to 2016.

In the news… According to C.A.R., ““thirty-one percent of California households could afford to purchase the $515,940 median-priced home in the third quarter, unchanged from second-quarter 2016 and up from 29 percent in third-quarter 2015.” http://www.car.org/newsstand/newsreleases/2016releases/3qtrhousingaffordability

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!


Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease

Total Sales 83 66 -17 -20.5%

Median Sales Price 850,000 891,000 41,000 4.8%


Listings 157 169 12 7.6%

Months of Inventory 2.0 3.0 1 50.0%

Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 63 66 3 4.8%

Median Sales Price 899,000 891,000 (8,000) -0.9%


Listings 186 169 -17 -9.1%

Sales/Listing Ratio 33.9% 39.1% 5.2% 15.3%

Months of Inventory 3.0 3.0 0.0 0.0%


http://www.car.org/newsstand/newsreleases/2016releases/3qtrhousingaffordability

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Hady Chahine…


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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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