February 2014 Redondo Beach Real Estate Market Trends Update
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February 2014 Redondo Beach Real Estate Market Trends Update

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Redondo Beach real estate statistics and analysis for February 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

Redondo Beach real estate statistics and analysis for February 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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February 2014 Redondo Beach Real Estate Market Trends Update February 2014 Redondo Beach Real Estate Market Trends Update Presentation Transcript

  • Redondo Beach Residential Real Estate Market Conditions February 2014
  • Table of Contents Key Statistics for February Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for March About the Mother & Son South Bay Real Estate Team Contact Information
  • Key Statistics for February Back to Table of Contents = 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 Sales Price 720,000 718,000 (2,000) -0.3% 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%
  • Back to Table of Contents 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 0 N Redondo Beach/El Nido 2 2 Total Sales 49 44 0 2 4 6 8 10 12 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 Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido
  • Back to Table of Contents 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 0 N Redondo Beach/El Nido 4 5 2 Total Sales 44 50 44 0 2 4 6 8 10 12 2012 2013 2014 Total Sales by Map Area: Year-to-Year for 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
  • Back to Table of Contents 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 - N Redondo Beach/El Nido 590,000 625,000 Market Median Sales Price 755,000 718,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Jan Feb 2014 Median Sales Price 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 Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Market Median Sales Price
  • Back to Table of Contents - 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 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 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 - N Redondo Beach/El Nido 409,500 550,000 625,000 Market Median Sales Price 549,500 720,000 718,000
  • Back to Table of Contents 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec N Redondo Beach/Villas North 27 26 S Redondo Beach W of PCH 20 29 N Redondo Beach/Villas South 30 29 S Redondo Beach S of Torrance Blvd 13 19 S Redondo Beach N of Torrance Blvd 16 15 N Redondo Beach/Golden Hills 8 10 N Redondo Beach/El Nido 11 14 Total Active Listings 125 142 - 5 10 15 20 25 30 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Active Listings 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
  • Back to Table of Contents 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec N Redondo Beach/Villas North 27 26 S Redondo Beach W of PCH 20 29 N Redondo Beach/Villas South 30 29 S Redondo Beach S of Torrance Blvd 13 19 S Redondo Beach N of Torrance Blvd 16 15 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% - 20 40 60 80 100 120 140 160 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  • Back to Table of Contents 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 10 N Redondo Beach/El Nido 18 15 14 Total Active Listings 204 151 142 0 5 10 15 20 25 30 35 40 45 2012 2013 2014 Active Listings by Map Area: Year-to-Year for 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
  • Back to Table of Contents 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 N Redondo Beach/Golden Hills 1.0 - N Redondo Beach/El Nido 5.5 7.0 - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Months of Inventory 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
  • Back to Table of Contents 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 - 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory: Year-to-Year 2012 2013 2014
  • 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 February’s 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… Back to Table of Contents 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%
  • About the Mother & Son South Bay Real Estate Team…  Serving South Bay Home Buyers and Sellers Since 1989  RE/MAX Top 4 Team in California – 2012  RE/MAX 100% Club - 2011  Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010  Shorewood Realtors Top Producing Agent (Hassana 1989-2001)  ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES Back to Table of Contents
  • The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy 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. Back to Table of Contents Hady Chahine  hady@hhcrealestate.com  310-404-5361 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Listings MLS BLOGWebsite