Redondo Beach Real Estate Market Conditions - May 2016

7/25/2019 Redondo Beach Real Estate Market Conditions - May 2016

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Redondo BeachResidential Real Estate

Market ConditionsMay 2016

http://hadychahine.com/



Table ofContents

Key Statistics for May

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

About Hady Chahine

Contact Information




Key Statistics for May

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 87 83 -4 -4.6%

Median Sales Price 904,000 950,000 46,000 5.1%

Median Days to Sell 29 25 -4 -13.8%

Listings 122 135 13 10.7%

Sales/Listing Ratio 71.3% 61.5% -9.8% -13.7%

Months of Inventory 1.0 2.0 1.0 100.0%

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

Total Sales 89 83 -6 -6.7%



Listings 178 135 -43 -24.2%

Months of Inventory 2.0 2.0 0 0.0%






Total Sales Month-to-Month by Map Area Mar Apr May

N Redondo Beach/Villas North 9 19 16

S Redondo Beach W of PCH 14 13 14

N Redondo Beach/Villas South 15 16 17

S Redondo Beach S of Torrance Blvd 14 13 11

S Redondo Beach N of Torrance Blvd 7 8 7

N Redondo Beach/Golden Hills 11 15 12 N Redondo Beach/El Nido 3 3 6

Total Sales 73 87 83

-

10

20

30

40

50

60

70

80

90

Mar Apr May

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 67 89 83

-

10

20

30

40

50

60

70

80

90

2014 2015 2016

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





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


Total Sales






Median Sales Price Month-to-Month by Map Area Mar Apr May

N Redondo Beach/Villas North 1,077,500 1,025,000 858,500

S Redondo Beach W of PCH 1,050,000 1,000,000 1,029,000

N Redondo Beach/Villas South 829,000 789,000 880,000

S Redondo Beach S of Torrance Blvd 868,750 1,150,000 1,400,000

S Redondo Beach N of Torrance Blvd 1,225,000 827,500 1,065,000

N Redondo Beach/Golden Hills 877,500 1,025,000 932,000 N Redondo Beach/El Nido 670,000 724,000 797,500

Market Median Sales Price 915,000 904,000 950,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Mar Apr May

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 714,750 902,500 858,500

S Redondo Beach W of PCH 621,000 705,000 1,029,000

N Redondo Beach/Villas South 754,000 717,500 880,000

S Redondo Beach S of Torrance Blvd 685,763 1,135,000 1,400,000

S Redondo Beach N of Torrance Blvd 739,000 807,000 1,065,000

N Redondo Beach/Golden Hills 783,900 890,000 932,000 N Redondo Beach/El Nido 598,000 626,500 797,500

Market Median Sales Price 711,000 849,000 950,000

-

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: May








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

S Redondo Beach W of PCH 25 31 22 28 30

N Redondo Beach/Villas South 20 23 28 25 21

S Redondo Beach S of Torrance Blvd 16 17 24 26 25

S Redondo Beach N of Torrance Blvd 16 12 13 13 19

N Redondo Beach/Golden Hills 10 15 14 12 12

N Redondo Beach/El Nido 2 - 4 4 7

Total Active Listings 98 116 123 122 135

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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 Year-to-Year by Map Area 2014 2015 2016







Total Active Listings 191 178 135

-

20

40

60

80

100

120

140

160

180

200

2014 2015 2016

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








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

S Redondo Beach W of PCH 4.0 16.0 2.0 2.0 2.0

N Redondo Beach/Villas South 1.0 2.0 2.0 2.0 1.0

S Redondo Beach S of Torrance Blvd 2.0 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

N Redondo Beach/Golden Hill s 3.0 15.0 1.0 1.0 1.0

N Redondo Beach/El Nido 1.0 - 1.0 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



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








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

-

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





SummaryRedonda Beach residential real estate investment in May was fairly calm as the median sales increased 5.1%, median days to sell

fell 13.8%, and net listings improved 10.7%. Data points moving in the opposite direction included totals sales, which dropped

4.6%, and the sales-listing ratio, which decreased 13.7%. Year-over-year the median sales price climbed 11.9% or $101K.

In the news… According to C.A.R., “California existing home sales edged up in May, rising above the 400,000 benchmark level

for the third straight month, while strained housing supply continued to push prices higher.”

http://www.car.org/newsstand/newsreleases/2016releases/May2016sales?view=Standard

For listing or buying questions or representation, or additional statistics on market trending behavior, please do not hesitate tocontact me to schedule a time to discuss how I can be of service to you.


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

Total Sales 89 83 -6 -6.7%



Listings 178 135 -43 -24.2%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison Apr 2016 May 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 87 83 -4 -4.6%



Listings 122 135 13 10.7%

Sales/Listing Ratio 71.3% 61.5% -9.8% -13.7%Months of Inventory 1.0 2.0 1.0 100.0%







Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California – 2012 RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010


About

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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Redondo Beach Real Estate Market Conditions - May 2016

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