Redondo Beach Real Estate Market Conditions - February 2014

8/12/2019 Redondo Beach Real Estate Market Conditions - February 2014

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Redondo BeachResidential Real Estate

Market ConditionsFebruary 2014
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Key Statistics for February

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 44 -5 -10.2%

Median Sales Price 755,000 718,000 (37,000) -4.9%

Median Days to Sell 44 37 -7 -15.9%

Listings 125 142 17 13.6%

Sales/Listing Ratio 39.2% 31.0% -8.2% -20.9%

Months of Inventory 2.6 3 0.6 23.1%

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

Total Sales 50 44 -6 -12.0%


Median Days to Sell 28 37 9 32.1%

Listings 151 142 -9 -6.0%

Months of Inventory 3.0 3.2 0.2 6.7%
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2014 Residential Sales by Map Area Jan Feb

N Redondo Beach/Villas North 8 6

S Redondo Beach W of PCH 7 5

N Redondo Beach/Villas South 11 12

S Redondo Beach S of Torrance Blvd 9 7

S Redondo Beach N of Torrance Blvd 4 12

N Redondo Beach/Golden Hills 8 0NRedondo Beach/El Nido 2 2

Total Sales 49 44

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Jan Feb

2014 Residential Sales Statistics: February

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 BlvdN Redondo Beach/Golden Hills

N Redondo Beach/El Nido


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

N Redondo Beach/Villas North 7 12 6

S Redondo Beach W of PCH 6 6 5

N Redondo Beach/Villas South 10 10 12

S Redondo Beach S of Torrance Blvd 8 5 7

S Redondo Beach N of Torrance Blvd 5 6 12

N Redondo Beach/Golden Hills 4 6 0NRedondo Beach/El Nido 4 5 2

Total Sales 44 50 44

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2012 2013 2014

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





S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills



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2014 Median Sales Price by Map Area Jan Feb

N Redondo Beach/Villas North 672,500 769,000

S Redondo Beach W of PCH 1,025,000 421,000

N Redondo Beach/Villas South 672,000 777,500

S Redondo Beach S of Torrance Blvd 755,000 689,000

S Redondo Beach N of Torrance Blvd 1,005,000 718,000

N Redondo Beach/Golden Hills 806,000 -NRedondo Beach/El Nido 590,000 625,000

Market Median Sales Price 755,000 718,000

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200,000

400,000

600,000

800,000

1,000,000

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Jan Feb

2014 Median Sales Price Statistics: February








Market Median Sales Price


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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2012 2013 2014

Median Sales Price by Map Area: Year-to-Year for February





S Redondo Beach N of Torrance BlvdN Redondo Beach/Golden Hills


Market Median Sales Price

Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014

N Redondo Beach/Villas North 490,000 801,500 769,000

S Redondo Beach W of PCH 862,500 707,500 421,000

N Redondo Beach/Villas South 464,950 617,000 777,500

S Redondo Beach S of Torrance Blvd 523,770 1,079,000 689,000

S Redondo Beach N of Torrance Blvd 697,500 821,564 718,000

N Redondo Beach/Golden Hills 572,000 637,500 -NRedondo Beach/El Nido 409,500 550,000 625,000

Market Median Sales Price 549,500 720,000 718,000



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






N Redondo Beach/Golden Hills 8 10

NRedondo Beach/El Nido 11 14

Total Active Listings 125 142

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

2014 Active Listings by Map Area



N Redondo Beach/Villas SouthS Redondo Beach S of Torrance Blvd






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






N Redondo Beach/Golden Hills 8 10

N Redondo Beach/El Nido 11 14

Total Active Listings 125 142

Total Sales 49 44

Sales/Listings Ratio 39.2% 31.0%

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2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



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

N Redondo Beach/Villas North 40 21 26

S Redondo Beach W of PCH 42 34 29

N Redondo Beach/Villas South 40 21 29

S Redondo Beach S of Torrance Blvd 33 30 19

S Redondo Beach N of Torrance Blvd 18 24 15

N Redondo Beach/Golden Hills 13 6 10N Redondo Beach/El Nido 18 15 14

Total Active Listings 204 151 142

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2012 2013 2014

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










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 4.3

S Redondo Beach W of PCH 2.9 5.8

N Redondo Beach/Villas South 2.7 2.4

S Redondo Beach S of Torrance Blvd 1.4 2.7

S Redondo Beach N of Torrance Blvd 4.0 1.3

NRedondo Beach/Golden Hill s 1.0 -

N Redondo Beach/El Nido 5.5 7.0

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2014 Months of Inventory by Map Area


S Redondo Beach W of PCHN Redondo Beach/Villas South







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 3.2

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Months of Inventory: Year-to-Year

2012

2013

2014


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Outlook for March

Well, real estate activity in Redondo Beach during the month of February produced rather uninspiring

results. While the median days to sell and listings stats trended positive the remaining points of

reference, however, moved in the opposite direction including, but not limited to, total sales and the

market median sales price.

Unfortunately at this time it is difficult to identify contributing factors for Februarys performance.Although, historically speaking January through April 15th tends to be slow periods for real estate

because people are gearing down after a busy holiday season and then turn their focus on the tax

season shortly thereafter. Thus, March is likely to produce similar data but as the calendar encroaches

upon summertime the market is expected to regain its strength.

Your recap


Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 44 -5 -10.2%


Median Days to Sell 44 37 -7 -15.9%

Listings 125 142 17 13.6%

Sales/Listing Ratio 39.2% 31.0% -8.2% -20.9%

Months of Inventory 2.6 3 0.6 23.1%
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Redondo Beach Real Estate Market Conditions - February 2014

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