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

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

Published in: Real Estate, Business
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  • 1. Redondo Beach Residential Real Estate Market Conditions May 2014
  • 2. Table of Contents Key Statistics for May 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 June About Hady Chahine Contact Information
  • 3. Key Statistics for May Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 75 65 -10 -13.3% Median Sales Price 724,000 710,000 (14,000) -1.9% Median Days to Sell 28 34 6 21.4% Listings 149 164 15 10.1% Sales/Listing Ratio 50.3% 39.6% -10.7% -21.3% Months of Inventory 2.0 2.5 0.5 25.0% Monthly Comparison Year-to-Year May 2013 May 2014 Delta Delta Increase Decrease Total Sales 86 65 -21 -24.4% Median Sales Price 735,000 710,000 (25,000) -3.4% Median Days to Sell 32 34 2 6.3% Listings 169 164 -5 -3.0% Months of Inventory 2.0 2.5 0.5 25.0%
  • 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Mar Apr May N Redondo Beach/Villas North 19 17 10 S Redondo Beach W of PCH 7 10 10 N Redondo Beach/Villas South 20 18 12 S Redondo Beach S of Torrance Blvd 5 10 6 S Redondo Beach N of Torrance Blvd 12 8 10 N Redondo Beach/Golden Hills 12 6 10 N Redondo Beach/El Nido 4 6 7 Total Sales 79 75 65 0 10 20 30 40 50 60 70 80 Mar Apr May 2014 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
  • 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2012 2013 2014 N Redondo Beach/Villas North 22 17 10 S Redondo Beach W of PCH 8 12 10 N Redondo Beach/Villas South 24 18 12 S Redondo Beach S of Torrance Blvd 9 13 6 S Redondo Beach N of Torrance Blvd 9 14 10 N Redondo Beach/Golden Hills 9 11 10 N Redondo Beach/El Nido 6 1 7 Total Sales 87 86 65 0 10 20 30 40 50 60 70 80 90 2012 2013 2014 Total Sales Year-to-Year by Map Area: May 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
  • 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Mar Apr May N Redondo Beach/Villas North 710,000 712,000 700,500 S Redondo Beach W of PCH 1,009,000 561,500 621,000 N Redondo Beach/Villas South 735,400 761,000 754,000 S Redondo Beach S of Torrance Blvd 830,000 777,500 685,763 S Redondo Beach N of Torrance Blvd 830,000 890,000 739,000 N Redondo Beach/Golden Hills 862,000 845,000 783,900 N Redondo Beach/El Nido 742,500 532,500 598,000 Market Median Sales Price 760,000 724,000 710,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Mar Apr May 2014 Median Sales Price 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 Market Median Sales Price
  • 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2012 2013 2014 N Redondo Beach/Villas North 545,500 725,000 700,500 S Redondo Beach W of PCH 635,000 727,500 621,000 N Redondo Beach/Villas South 583,000 730,000 754,000 S Redondo Beach S of Torrance Blvd 570,000 630,000 685,763 S Redondo Beach N of Torrance Blvd 720,000 772,000 739,000 N Redondo Beach/Golden Hills 720,000 787,500 783,900 N Redondo Beach/El Nido 623,500 540,000 598,000 Market Median Sales Price 629,000 735,000 710,000 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 2012 2013 2014 Median Sales Price Year-to-Year by Map Area: May 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
  • 8. Back to Table of Contents 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 27 26 31 35 33 S Redondo Beach W of PCH 20 29 37 35 40 N Redondo Beach/Villas South 30 29 24 23 27 S Redondo Beach S of Torrance Blvd 13 19 19 19 24 S Redondo Beach N of Torrance Blvd 16 15 16 15 21 N Redondo Beach/Golden Hills 8 10 9 12 10 N Redondo Beach/El Nido 11 14 12 10 9 Total Active Listings 125 142 148 149 164 - 5 10 15 20 25 30 35 40 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
  • 9. Back to Table of Contents 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 27 26 31 35 33 S Redondo Beach W of PCH 20 29 37 35 40 N Redondo Beach/Villas South 30 29 24 23 27 S Redondo Beach S of Torrance Blvd 13 19 19 19 24 S Redondo Beach N of Torrance Blvd 16 15 16 15 21 N Redondo Beach/Golden Hills 8 10 9 12 10 N Redondo Beach/El Nido 11 14 12 10 9 Total Active Listings 125 142 148 149 164 Total Sales 49 44 79 75 65 Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% - 20 40 60 80 100 120 140 160 180 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  • 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2012 2013 2014 N Redondo Beach/Villas North 42 21 33 S Redondo Beach W of PCH 52 38 40 N Redondo Beach/Villas South 44 35 27 S Redondo Beach S of Torrance Blvd 46 27 24 S Redondo Beach N of Torrance Blvd 32 24 21 N Redondo Beach/Golden Hills 20 13 10 N Redondo Beach/El Nido 14 11 9 Total Active Listings 250 169 164 0 50 100 150 200 250 2012 2013 2014 Active Listings Year-to-Year by Map Area: May 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 Active Listings
  • 11. Back to Table of Contents 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 1.6 2.1 3.3 S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 - 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
  • 12. 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 1.9 2.0 2.5 - 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Months of Inventory Year-to-Year 2012 2013 2014
  • 13. Outlook for June “What happened to Redondo Beach residential real estate activity in May?” you ask. Honestly, I am not sure. But, according to the MLS total sales, median sales price, median days to sell, sales/listing ratio, and months of inventory all reportedly took a dip in performance expectations. Year-over-year stats also revealed similar data. “Based on this news what can we expect in June?” you ask. Although I do not have a crystal ball I will say, however, because the cost to borrow money remains at historically low levels, and since we are entering into summertime, I expect a rather quick correction in market performance activity. Your recap… Back to Table of Contents Month-to-Month Comparison Apr 2014 May 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 75 65 -10 -13.3% Median Sales Price 724,000 710,000 (14,000) -1.9% Median Days to Sell 28 34 6 21.4% Listings 149 164 15 10.1% Sales/Listing Ratio 50.3% 39.6% -10.7% -21.3% Months of Inventory 2.0 2.5 0.5 25.0%
  • 14.  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 Back to Table of Contents
  • 15. 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 Listings MLS BLOGWebsite

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