Redondo Beach
Residential Real Estate
Market Conditions
December 2013
Key Statistics for December
Sales
2013 Residential Sales Stats: Oct - Dec
Year-to-Year Total Sales by Map Area: Dec
Median...
Key Statistics for December
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Li...
2013 Residential Sales by Map Area
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Villas South
S Re...
Sales by Map Area: Year-to-Year for December
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Villas ...
2013 Median Sale Price by Map Area
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Villas South
S Re...
Median Sale Price by Map Area: Year-to-Year for December
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo B...
2013 Active Listings by Map Area
50
45

40
35
30
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beach/Vil...
2013 Total Active Listings vs. Total Sales
200
180
160

140
120
100
80
Total Active Listings
Total Sales

60
40
20
Jan

20...
Active Listings by Map Area: Year-to-Year for December
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Bea...
2013 Months of Inventory by Map Area
25.0

20.0

15.0
N Redondo Beach/Villas North
S Redondo Beach W of PCH
N Redondo Beac...
Months of Inventory: Year-to-Year
7.0
6.0
5.0
4.0
2011
2012
2013

3.0
2.0
1.0
Jan

Feb

Mar

Months of Inventory: Year-to-...
Outlook for January
For December 2013, the Redondo Beach residential real estate market posted promising data statistics
g...
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:...
Upcoming SlideShare
Loading in …5
×

December 2013 Redondo Beach Real Estate Market Trends Update

90
-1

Published on

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

Published in: Real Estate, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
90
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

December 2013 Redondo Beach Real Estate Market Trends Update

  1. 1. Redondo Beach Residential Real Estate Market Conditions December 2013
  2. 2. Key Statistics for December Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec Table of Contents Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for January About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for December Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Nov 2013 51 711,000 36 144 35.4% 2.8 Dec 2013 Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover Dec 2012 Dec 2013 64 661,000 47 125 2.0 68 764,498 48 108 63.0% 1.6 68 764,498 40 108 1.6 Delta (qty) 17 53,498 12 -36 27.6% -1.2 Delta 4 103,498 -7 -17 -0.4 Delta (%) 33.3% 7.5% 33.3% -25.0% 78.0% -42.9% Increase Decrease Delta 6.3% 15.7% -14.9% -13.6% -20.0% Increase Decrease = trending positive = trending negative Back to Table of Contents = trending positive = trending negative
  4. 4. 2013 Residential Sales 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 Oct 20 12 14 9 7 4 2 68 Nov 14 10 8 9 5 4 1 51 Dec 16 12 13 6 9 8 4 68 2013 Residential Sales Statistics: Oct - Dec 20 18 16 14 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 10 8 6 4 2 0 Oct Back to Table of Contents Nov Dec
  5. 5. Sales by Map Area: Year-to-Year for December 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 2011 12 12 11 7 6 8 2 58 2012 15 7 13 7 10 6 6 64 2013 16 12 13 6 9 8 4 68 Total Sales by Map Area: Year-to-Year for December 16 14 12 N Redondo Beach/Villas North 10 S Redondo Beach W of PCH 8 N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd 6 S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills 4 N Redondo Beach/El Nido 2 0 2011 Back to Table of Contents 2012 2013
  6. 6. 2013 Median Sale Price 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 Sale Price Oct 647,500 757,500 737,500 745,000 930,000 800,000 710,000 747,500 Nov 603,950 735,000 763,500 445,000 897,500 767,000 579,500 711,000 Dec 681,000 815,000 660,000 798,750 917,500 785,250 780,000 764,498 2013 Median Sale Price Statistics: Oct - Dec 1,000,000 900,000 800,000 700,000 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 Sale Price 600,000 500,000 400,000 300,000 200,000 100,000 Oct Back to Table of Contents Nov Dec
  7. 7. Median Sale Price by Map Area: Year-to-Year for December 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 Sale Price 2011 645,000 570,000 599,900 750,000 565,000 600,250 480,000 600,000 2012 661,000 542,000 661,000 1,329,000 632,000 684,000 579,500 661,000 2013 681,000 815,000 660,000 798,750 917,500 785,250 780,000 764,498 Median Sale Price by Map Area: Year-to-Year for December 1,400,000 1,200,000 1,000,000 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 Sale Price 800,000 600,000 400,000 200,000 2011 Back to Table of Contents 2012 2013
  8. 8. 2013 Active Listings by Map Area 50 45 40 35 30 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 25 20 15 10 5 Jan Feb Mar Apr 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul 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 28 28 22 21 16 7 8 130 21 35 21 30 22 6 15 150 21 35 21 30 22 6 15 150 21 33 34 30 25 14 13 170 21 39 35 28 22 13 11 169 23 39 31 22 30 9 10 164 30 48 32 30 33 5 13 191 Back to Table of Contents May Jun Jul Aug Sep Oct Nov Dec Aug Sep Oct Nov Dec 34 49 28 19 36 6 9 181 37 44 20 14 34 7 9 165 24 37 22 14 28 13 12 150 22 26 19 23 28 15 11 144 19 21 17 11 20 11 9 108
  9. 9. 2013 Total Active Listings vs. Total Sales 200 180 160 140 120 100 80 Total Active Listings Total Sales 60 40 20 Jan 2013 Active Listings/Total Sales by Map Area Feb Mar Apr Jan Feb Mar May Apr Jun Jul May Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov Dec N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24 22 19 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26 21 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19 17 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23 11 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28 20 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15 11 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12 11 9 Total Active Listings 130 150 150 170 169 164 191 181 165 150 144 108 Total Sales 47 50 70 74 86 89 100 89 82 68 51 68 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% 45.3% 35.4% 63.0% Back to Table of Contents
  10. 10. Active Listings by Map Area: Year-to-Year for December 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 2011 40 33 30 25 23 13 13 177 2012 21 31 24 15 18 8 8 125 2013 19 21 17 11 20 11 9 108 Active Listings by Map Area: Year-to-Year for December 40 35 30 25 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 20 15 10 5 0 2011 Back to Table of Contents 2012 2013
  11. 11. 2013 Months of Inventory by Map Area 25.0 20.0 15.0 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 10.0 5.0 Jan 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 Feb Mar Apr May 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 Jun Jun 2.3 3.3 1.4 1.7 2.7 0.7 1.4 Jul Aug Jul Aug Sep Oct Nov Dec 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 1.2 3.1 1.6 1.6 4.0 3.3 6.0 1.6 2.6 2.4 2.6 5.6 3.8 11.0 1.2 1.8 1.3 1.8 2.2 1.4 2.3 1.6 3.2 1.2 1.5 3.0 5.0 1.6 Sep Oct Nov Dec
  12. 12. Months of Inventory: Year-to-Year 7.0 6.0 5.0 4.0 2011 2012 2013 3.0 2.0 1.0 Jan Feb Mar Months of Inventory: Year-to-Year 2011 2012 2013 Back to Table of Contents Apr May Jan 1.4 3.5 2.6 Jun Feb 2.1 5.8 3.0 Jul Mar 1.5 3.4 1.9 Apr 2.6 3.3 2.3 Aug May 1.9 3.3 2.0 Sep Jun 1.4 3.3 1.8 Oct Jul 1.2 3.2 1.9 Aug 1.4 3.5 2.0 Nov Sep 0.9 2.9 2.0 Dec Oct 6.4 2.5 2.2 Nov 3.8 2.3 2.8 Dec 3.1 2.0 1.6
  13. 13. Outlook for January For December 2013, the Redondo Beach residential real estate market posted promising data statistics given it was a holiday month and people tend to be more focused on family and friends rather than homes, mortgages, and property insurance. Overall trending improvements were seen in total sales, median sales price, sales/listing ratio, and inventory turnover. Trending a bit negative were median days to sell and the number of listings. Forecasts for the New Year are reassuring given stable interest in buyer and seller activity and because the cost to borrower money remains at historically low levels. For questions concerning market trending behavior, or to request a complementary comparative market analysis, please give me a call. With this in mind, the recap is… Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Back to Table of Contents Nov 2013 51 711,000 36 144 35.4% 2.8 Dec 2013 68 764,498 48 108 63.0% 1.6 Delta (qty) 17 53,498 12 -36 27.6% -1.2 Delta (%) 33.3% 7.5% 33.3% -25.0% 78.0% -42.9% Increase Decrease
  14. 14. 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
  15. 15. 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
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×