Redondo Beach Real Estate Market Conditions - February 2016

8/19/2019 Redondo Beach Real Estate Market Conditions - February 2016

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Redondo BeachResidential Real Estate

Market ConditionsFebruary 2016

http://hadychahine.com/


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Table ofContents

Key Statistics for February

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

Listings2016 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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Contact Information



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Key Statistics for February

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2016 Feb 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 54 34 -20 -37.0%

Median Sales Price 878,250 947,450 69,200 7.9%

Median Days to Sell 48 36 -12 -25.0%

Listings 98 116 18 18.4%

Sales/Listing Ratio 55.1% 29.3% -25.8% -46.8%

Months of Inventory 2.0 3.0 1.0 50.0%

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

Total Sales 41 34 -7 -17.1%


Median Days to Sell 34 36 2 5.9%

Listings 127 116 -11 -8.7%

Months of Inventory 3.0 3.0 0 0.0%



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Total Sales Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 6 5 5

S Redondo Beach W of PCH 6 4 2

N Redondo Beach/Villas South 12 16 11

S Redondo Beach S of Torrance Blvd 7 7 7

S Redondo Beach N of Torrance Blvd 12 5 7

N Redondo Beach/Golden Hills - 3 1 N Redondo Beach/El Nido 2 1 1

Total Sales 45 41 34

-

5

10

15

20

25

30

35

40

45

2014 2015 2016

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

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Total Sales

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

N Redondo Beach/Villas North 853,450 995,000

S Redondo Beach W of PCH 922,500 1,535,000

N Redondo Beach/Villas South 919,000 890,400

S Redondo Beach S of Torrance Blvd 895,000 641,850

S Redondo Beach N of Torrance Blvd 839,000 1,045,000

N Redondo Beach/Golden Hills 945,000 850,000 N Redondo Beach/El Nido 720,000 645,000

Market Median Sales Price 878,250 947,450

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Jan Feb Mar

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





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


Market Median Sales Price



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

N Redondo Beach/Villas North 769,000 825,000 995,000

S Redondo Beach W of PCH 475,500 505,750 1,535,000

N Redondo Beach/Villas South 777,500 755,000 890,400

S Redondo Beach S of Torrance Blvd 689,000 875,000 641,850

S Redondo Beach N of Torrance Blvd 718,000 779,000 1,045,000

N Redondo Beach/Golden Hills - 926,500 850,000 N Redondo Beach/El Nido 625,000 599,000 645,000

Market Median Sales Price 725,000 810,000 947,450

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2014 2015 2016

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





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


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

S Redondo Beach W of PCH 25 31

N Redondo Beach/Villas South 20 23

S Redondo Beach S of Torrance Blvd 16 17

S Redondo Beach N of Torrance Blvd 16 12

N Redondo Beach/Golden Hills 10 15

N Redondo Beach/El Nido 2 -

Total Active Listings 98 116

-

5

10

15

20

25

30

35

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

2016 Active Listings by Map Area



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







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

S Redondo Beach W of PCH 25 31

N Redondo Beach/Villas South 20 23

S Redondo Beach S of Torrance Blvd 16 17

S Redondo Beach N of Torrance Blvd 16 12

N Redondo Beach/Golden Hills 10 15

N Redondo Beach/El Nido 2 -

Total Active Listings 98 116

Total Sales 54 34

Sales/Listings Ratio 55.1% 29.3%

-

20

40

60

80

100

120


2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales




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

N Redondo Beach/Villas North 31 28 18

S Redondo Beach W of PCH 33 17 31

N Redondo Beach/Villas South 33 30 23

S Redondo Beach S of Torrance Blvd 21 15 17

S Redondo Beach N of Torrance Blvd 18 17 12

N Redondo Beach/Golden Hills 11 8 15 N Redondo Beach/El Nido 17 12 -

Total Active Listings 164 127 116

-

20

40

60

80

100

120

140

160

180

2014 2015 2016

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








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

S Redondo Beach W of PCH 4.0 16.0

N Redondo Beach/Villas South 1.0 2.0

S Redondo Beach S of Torrance Blvd 2.0 2.0

S Redondo Beach N of Torrance Blvd 2.0 2.0

N Redondo Beach/Golden Hill s 3.0 15.0

N Redondo Beach/El Nido 1.0 -

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0


2016 Months of Inventory by Map Area










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SummaryReal estate investment activity in Redondo Beach for February produced mix results as total sales and sales-listing ratio slumped bydouble digits (respectively, 37% and 46.8%) relative to noticeable month-to-month improvements for the market median sales

price, net listings, and median days to sell stats (respectively, 7.9%, 18.4% and -25%).

In the news… According to C.A.R., “Existing, single-family home sales totaled 393,360 in February on a seasonally adjusted

annualized rate, up 2.6 percent from January and 6.4 percent above February 2015.”

http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to

schedule a time to discuss how I can be of service to you.


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

Total Sales 41 34 -7 -17.1%


Median Days to Sell 34 36 2 5.9%

Listings 127 116 -11 -8.7%

Months of Inventory 3.0 3.0 0 0.0%

Month-to-Month Comparison Jan 2016 Feb 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 54 34 -20 -37.0%


Median Days to Sell 48 36 -12 -25.0%

Listings 98 116 18 18.4%

Sales/Listing Ratio 55.1% 29.3% -25.8% -46.8%Months of Inventory 2.0 3.0 1.0 50.0%

http://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/february2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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About

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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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Redondo Beach Real Estate Market Conditions - February 2016

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