Redondo Beach
Residential Real Estate
Market Conditions
September 2013
Key Statistics
For September
Sales
2013 Residential Sales Stats: July – Sept Graph
2013 Residential Sales Stats: July – Se...
Key Statistics for September
 Total Home Sales: 82
 Median Sales Price Up $100K
 Median Days to Sell: 37
 Current Acti...
2013 Residential Sales Statistics: July - Sept
30

25

20

Sept

15

Aug
July

10

5

0
N Redondo
Beach/Villas
North

Back...
2013 Residential Sales by Map Area

Sept

Aug

July

YTD

N Redondo Beach/Villas North

16

17

19

127

S Redondo Beach W...
Total Sales by Map Area: Year-to-Year for September
90
80
70
60
50

Sept
2013

40

Sept
2012

30

Sept
2011

20
10
0
N Red...
Sales by Map Area: Year-to-Year for September
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Villas...
2013 Median Sales Statistics: July - Sept
1,000,000
900,000
800,000
700,000
600,000
500,000

Sept

400,000

Aug
July

300,...
2013 Median Sales by Map Area

Sept

Aug

July

N Redondo Beach/Villas North

797,500

817,500

605,000

S Redondo Beach W...
Median Sales Price by Map Area: Year-to-Year for September
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000...
Median Sales Price by Map Area: Year-to-Year for September
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo...
2013 Active Listings by Map Area
50
45
40
35
N Redondo Beach/Villas North
30

S Redondo Beach W of PCH
N Redondo Beach/Vil...
2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

N Redondo Beach/Villas North
28...
2013 Total Active Listings vs. Total Sales
200
180
160
140
120
Total Active Listings

100

Total Sales
80

60
40
20
Jan

F...
2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

N Redondo Beach/Villas North
28...
Active Listings by Map Area: Year-to-Year for September
60

50
Sept
2013

40

30

Sept
2012

20

Sept
2011

10

0
N Redond...
Active Listings by Map Area: Year-to-Year for September
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Be...
2013 Months of Inventory by Map Area
21.00
20.00
19.00
18.00
17.00
16.00
15.00
14.00
13.00
12.00
11.00
10.00
9.00
8.00
7.0...
2013 Months of Inventory by Map Area

Jan

N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Villas So...
Months of Inventory: Year-to-Year
7.0

6.0

5.0

4.0

2013

2012
3.0

2011

2.0

1.0

Jan

Feb

Back to Table of Contents
...
Months of Inventory: Year-to-Year
2013
2012
2011

Back to Table of Contents

Jan
2.6
3.5
1.4

Feb
3.0
5.8
2.1

Mar
1.9
3.4...
Outlook for October
Based on historical trends, it is expected that the supply of properties for sale in October will incr...
About the Mother & Son
South Bay Real Estate Team…
 Serving South Bay Home Buyers and Sellers Since 1989
 RE/MAX Top 4 T...
Hassana Chahine
 hassana@hhcrealestate.com
 310-756-8949

Hady Chahine
 hady@hhcrealestate.com
 310-404-5361

Website:...
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September 2013 Redondo Beach Real Estate Market Trends Update

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Redondo Beach real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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September 2013 Redondo Beach Real Estate Market Trends Update

  1. 1. Redondo Beach Residential Real Estate Market Conditions September 2013
  2. 2. Key Statistics For September Sales 2013 Residential Sales Stats: July – Sept Graph 2013 Residential Sales Stats: July – Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July – Sept Graph 2013 Median Sales Stats: July – Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data Table of Contents Listings 2013 Active Listings by Map Area Graph 2013 Active Listings by Map Area Data 2013 Total Active Listings vs. Total Sales 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Year-to-Year Active Listings by Map Area: Graph Data Sept Graph Sept Data Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for September  Total Home Sales: 82  Median Sales Price Up $100K  Median Days to Sell: 37  Current Active Listings: 165  Inventory Turnover: 2 Months  Sales/Listing Ratio: 49.7% Back to Table of Contents 26.2% from September 2012 15.4% from September 2012 32.7% from September 2012 21.1% from August 2013 45.0% from September 2012
  4. 4. 2013 Residential Sales Statistics: July - Sept 30 25 20 Sept 15 Aug July 10 5 0 N Redondo Beach/Villas North Back to Table of Contents 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 * See next slide for supportive data
  5. 5. 2013 Residential Sales by Map Area Sept Aug July YTD N Redondo Beach/Villas North 16 17 19 127 S Redondo Beach W of PCH 15 14 15 100 N Redondo Beach/Villas South 23 20 26 163 S Redondo Beach S of Torrance Blvd 11 10 20 101 S Redondo Beach N of Torrance Blvd 8 13 11 84 N Redondo Beach/Golden Hills 3 10 1 65 N Redondo Beach/El Nido 6 5 8 47 82 89 100 687 Total Sales Back to Table of Contents
  6. 6. Total Sales by Map Area: Year-to-Year for September 90 80 70 60 50 Sept 2013 40 Sept 2012 30 Sept 2011 20 10 0 N Redondo Beach/Villas North S Redondo Beach W of PCH Back to Table of Contents N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo N Redondo Beach/Golden Beach/El Nido Hills Total Sales * See next slide for supportive data
  7. 7. Sales by Map Area: Year-to-Year for September 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 Back to Table of Contents 2013 16 15 23 11 8 3 6 82 2012 14 11 10 9 8 8 5 65 2011 12 11 11 8 8 7 4 61
  8. 8. 2013 Median Sales Statistics: July - Sept 1,000,000 900,000 800,000 700,000 600,000 500,000 Sept 400,000 Aug July 300,000 200,000 100,000 N Redondo Beach/Villas North Back to Table of Contents S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo S Redondo N Redondo N Redondo Beach S of Beach N of Beach/Golden Beach/El Nido Torrance Blvd Torrance Blvd Hills Market Medians * See next slide for supportive data
  9. 9. 2013 Median Sales by Map Area Sept Aug July N Redondo Beach/Villas North 797,500 817,500 605,000 S Redondo Beach W of PCH 750,000 785,000 925,000 N Redondo Beach/Villas South 695,000 730,000 687,000 S Redondo Beach S of Torrance Blvd 825,000 825,800 820,750 S Redondo Beach N of Torrance Blvd 885,000 960,000 885,000 N Redondo Beach/Golden Hills 800,000 810,000 790,000 N Redondo Beach/El Nido 685,000 555,000 557,500 750,000 783,500 752,500 Market Medians Back to Table of Contents
  10. 10. Median Sales Price by Map Area: Year-to-Year for September 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 - Sept 2013 Sept 2012 Sept 2011 Back to Table of Contents * See next slide for supportive data
  11. 11. Median Sales Price by Map Area: Year-to-Year for September 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 Market Sales Medians Back to Table of Contents 2013 797,500 750,000 695,000 825,000 885,000 800,000 685,000 750,000 2012 637,500 614,500 610,000 720,000 672,000 725,000 630,000 650,000 2011 660,000 575,000 660,000 741,688 665,000 689,000 521,000 650,000
  12. 12. 2013 Active Listings by Map Area 50 45 40 35 N Redondo Beach/Villas North 30 S Redondo Beach W of PCH N Redondo Beach/Villas South 25 S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd 20 N Redondo Beach/Golden Hills 15 N Redondo Beach/El Nido 10 5 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  13. 13. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 Total Active Listings 130 150 150 170 169 164 191 181 165 Total Sales 47 50 70 74 86 89 100 89 82 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% Back to Table of Contents Oct Nov Dec - - -
  14. 14. 2013 Total Active Listings vs. Total Sales 200 180 160 140 120 Total Active Listings 100 Total Sales 80 60 40 20 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  15. 15. 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 Total Active Listings 130 150 150 170 169 164 191 181 165 Total Sales 47 50 70 74 86 89 100 89 82 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% Back to Table of Contents Oct Nov Dec - - -
  16. 16. Active Listings by Map Area: Year-to-Year for September 60 50 Sept 2013 40 30 Sept 2012 20 Sept 2011 10 0 N Redondo Beach/Villas North Back to Table of Contents 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 * See next slide for supportive data
  17. 17. Active Listings by Map Area: Year-to-Year for September 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 Back to Table of Contents 2013 34 44 19 14 34 7 9 161 2012 35 40 40 25 32 16 16 204 2011 58 50 53 35 37 22 18 273
  18. 18. 2013 Months of Inventory by Map Area 21.00 20.00 19.00 18.00 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 - 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 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  19. 19. 2013 Months of Inventory by Map Area Jan 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 2.8 3.5 1.4 21.0 2.7 1.2 4.0 Back to Table of Contents Feb Mar Apr May Jun 1.8 5.8 2.1 6.0 3.7 1.0 3.0 1.8 3.4 1.5 1.4 1.8 3.3 2.0 1.2 3.3 2.6 3.0 5.0 1.3 1.6 1.2 3.3 1.9 2.2 1.6 1.2 11.0 2.3 3.3 1.4 1.7 2.7 0.7 1.4 Jul 1.6 3.2 1.2 1.5 3.0 5.0 1.6 Aug Sep 2.0 3.5 1.4 1.9 2.8 0.6 1.8 2.3 2.9 0.9 1.3 4.3 2.3 1.5 Oct Nov Dec - - -
  20. 20. Months of Inventory: Year-to-Year 7.0 6.0 5.0 4.0 2013 2012 3.0 2011 2.0 1.0 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  21. 21. Months of Inventory: Year-to-Year 2013 2012 2011 Back to Table of Contents Jan 2.6 3.5 1.4 Feb 3.0 5.8 2.1 Mar 1.9 3.4 1.5 Apr May 2.3 2.0 3.3 3.3 2.6 1.9 Jun 1.8 3.3 1.4 Jul 1.9 3.2 1.2 Aug 2.0 3.5 1.4 Sep 2.0 2.9 0.9 Oct 2.5 6.4 Nov 2.3 3.8 Dec 2.0 3.1
  22. 22. Outlook for October Based on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013. With this in mind – supply increasing and buyers aggressively shopping – Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from. Keep in mind…  Residential homes sales increased 26+% from September 2012 to 2013  Median sales price increased $100K from September 2012 to 2013  Median days to sell decreased 15.4% from September 2012 to 2013  Months of inventory is improving with significant declines seen throughout 2013 relative to 2012  Active listings in September 2013 totaled 161, which is down 21% from August  And, the sales/listing ratio improved to 49.7% Back to Table of Contents
  23. 23. 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
  24. 24. Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Hady Chahine  hady@hhcrealestate.com  310-404-5361 Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/ 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

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