Redondo Beach Real Estate Market Conditions - March 2016

8/18/2019 Redondo Beach Real Estate Market Conditions - March 2016

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Redondo BeachResidential Real Estate

Market ConditionsMarch 2016

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Table ofContents

Key Statistics for March

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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Key Statistics for March

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 34 73 39 114.7%

Median Sales Price 947,450 915,000 (32,450) -3.4%

Median Days to Sell 36 29 -7 -19.4%

Listings 116 123 7 6.0%

Sales/Listing Ratio 29.3% 59.3% 30.0% 102.4%

Months of Inventory 3.0 2.0 -1.0 -33.3%

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

Total Sales 82 73 -9 -11.0%

Median Sales Price 870,000 915,000 45,000 5.2%

Median Days to Sell 28 29 1 3.6%

Listings 142 123 -19 -13.4%

Months of Inventory 2.0 2.0 0 0.0%

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

N Redondo Beach/Villas North 9 5 9

S Redondo Beach W of PCH 6 2 14

N Redondo Beach/Villas South 15 11 15

S Redondo Beach S of Torrance Blvd 10 7 14

S Redondo Beach N of Torrance Blvd 8 7 7

N Redondo Beach/Golden Hills 3 1 11 N Redondo Beach/El Nido 3 1 3

Total Sales 54 34 73

-

10

20

30

40

50

60

70

80

Jan Feb Mar

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



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








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10

20

30

40

50

60

70

80

90

2014 2015 2016

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





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


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 1,077,500

S Redondo Beach W of PCH 922,500 1,535,000 1,050,000

N Redondo Beach/Villas South 919,000 890,400 829,000

S Redondo Beach S of Torrance Blvd 895,000 641,850 868,750

S Redondo Beach N of Torrance Blvd 839,000 1,045,000 1,225,000

N Redondo Beach/Golden Hills 945,000 850,000 877,500 N Redondo Beach/El Nido 720,000 645,000 670,000

Market Median Sales Price 878,250 947,450 915,000

-

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








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 710,000 861,300 1,077,500

S Redondo Beach W of PCH 1,009,000 870,000 1,050,000

N Redondo Beach/Villas South 735,400 755,750 829,000

S Redondo Beach S of Torrance Blvd 830,000 910,000 868,750

S Redondo Beach N of Torrance Blvd 830,000 1,008,200 1,225,000

N Redondo Beach/Golden Hills 862,000 952,500 877,500 N Redondo Beach/El Nido 742,500 899,900 670,000

Market Median Sales Price 760,000 870,000 915,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2014 2015 2016

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






N Redondo Beach/Golden Hills 10 15 14

N Redondo Beach/El Nido 2 - 4

Total Active Listings 98 116 123

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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











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






N Redondo Beach/Golden Hills 10 15 14

N Redondo Beach/El Nido 2 - 4



Sales/Listings Ratio 55.1% 29.3% 59.3%

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20

40

60

80

100

120

140


2016 Total Active Listings vs. Total Sales

Total Active Listings Total Sales




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








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20

40

60

80

100

120

140

160

180

2014 2015 2016

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 1.0 4.0 2.0

S Redondo Beach W of PCH 4.0 16.0 2.0

N Redondo Beach/Villas South 1.0 2.0 2.0

S Redondo Beach S of Torrance Blvd 2.0 2.0 2.0

S Redondo Beach N of Torrance Blvd 2.0 2.0 2.0

N Redondo Beach/Golden Hill s 3.0 15.0 1.0

N Redondo Beach/El Nido 1.0 - 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











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

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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



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SummaryRedondo Beach real estate activity improved in March as total sales increased 114.7% compared to February. Other metrics of

notable concern include medians days to sell (19.4%), net listings (+6.0%), and sales-listing ratio (+102.4%). The median sales

price, however, dropped marginally by 3.4%.

In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and up

4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)

For listing or buying questions or representation, 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 Mar 2015 Mar 2016 Delta Delta Increase Decrease

Total Sales 82 73 -9 -11.0%

Median Sales Price 870,000 915,000 45,000 5.2%

Median Days to Sell 28 29 1 3.6%

Listings 142 123 -19 -13.4%

Months of Inventory 2.0 2.0 0 0.0%

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

Total Sales 34 73 39 114.7%

Median Sales Price 947,450 915,000 (32,450) -3.4%

Median Days to Sell 36 29 -7 -19.4%

Listings 116 123 7 6.0%

Sales/Listing Ratio 29.3% 59.3% 30.0% 102.4%Months of Inventory 3.0 2.0 -1.0 -33.3%

http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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Redondo Beach Real Estate Market Conditions - March 2016

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