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

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

Published in: Real Estate
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  • 1. Redondo Beach Residential Real Estate Market Conditions June 2014
  • 2. Table of Contents Key Statistics for June 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 July About Hady Chahine Contact Information
  • 3. Key Statistics for June Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 65 64 -1 -1.5% Median Sales Price 710,000 819,550 109,550 15.4% Median Days to Sell 34 35 1 2.9% Listings 164 134 -30 -18.3% Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7% Months of Inventory 2.5 2.1 -0.4 -16.0% Monthly Comparison Year-to-Year Jun 2013 Jun 2014 Delta Delta Increase Decrease Total Sales 76 64 -12 -15.8% Median Sales Price 785,000 819,550 34,550 4.4% Median Days to Sell 29 35 6 20.7% Listings 129 134 5 3.9% Months of Inventory 1.8 2.1 0.3 16.7%
  • 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Apr May Jun N Redondo Beach/Villas North 17 10 16 S Redondo Beach W of PCH 10 10 0 N Redondo Beach/Villas South 18 12 10 S Redondo Beach S of Torrance Blvd 10 6 11 S Redondo Beach N of Torrance Blvd 8 10 13 N Redondo Beach/Golden Hills 6 10 11 N Redondo Beach/El Nido 6 7 3 Total Sales 75 65 64 0 10 20 30 40 50 60 70 80 Apr May Jun 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 23 10 16 S Redondo Beach W of PCH 0 0 0 N Redondo Beach/Villas South 21 23 10 S Redondo Beach S of Torrance Blvd 9 12 11 S Redondo Beach N of Torrance Blvd 11 11 13 N Redondo Beach/Golden Hills 8 13 11 N Redondo Beach/El Nido 1 7 3 Total Sales 73 76 64 0 10 20 30 40 50 60 70 80 2012 2013 2014 Total Sales Year-to-Year by Map Area: June 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 Apr May Jun N Redondo Beach/Villas North 712,000 700,500 732,250 S Redondo Beach W of PCH 561,500 621,000 - N Redondo Beach/Villas South 761,000 754,000 808,500 S Redondo Beach S of Torrance Blvd 777,500 685,763 1,000,000 S Redondo Beach N of Torrance Blvd 890,000 739,000 875,000 N Redondo Beach/Golden Hills 845,000 783,900 749,000 N Redondo Beach/El Nido 532,500 598,000 590,000 Market Median Sales Price 724,000 710,000 819,550 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 Apr May Jun 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 600,000 673,500 732,250 S Redondo Beach W of PCH - - - N Redondo Beach/Villas South 654,000 790,000 808,500 S Redondo Beach S of Torrance Blvd 740,000 877,000 1,000,000 S Redondo Beach N of Torrance Blvd 840,000 860,000 875,000 N Redondo Beach/Golden Hills 695,444 798,000 749,000 N Redondo Beach/El Nido 600,000 609,000 590,000 Market Median Sales Price 649,900 785,000 819,550 - 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2012 2013 2014 Median Sales Price Year-to-Year by Map Area: June 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
  • 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 29 S Redondo Beach W of PCH 20 29 37 35 40 - N Redondo Beach/Villas South 30 29 24 23 27 33 S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 N Redondo Beach/Golden Hills 8 10 9 12 10 10 N Redondo Beach/El Nido 11 14 12 10 9 8 Total Active Listings 125 142 148 149 164 134 - 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 29 S Redondo Beach W of PCH 20 29 37 35 40 - N Redondo Beach/Villas South 30 29 24 23 27 33 S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 N Redondo Beach/Golden Hills 8 10 9 12 10 10 N Redondo Beach/El Nido 11 14 12 10 9 8 Total Active Listings 125 142 148 149 164 134 Total Sales 49 44 79 75 65 64 Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% - 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 47 23 29 S Redondo Beach W of PCH 0 0 0 N Redondo Beach/Villas South 47 31 33 S Redondo Beach S of Torrance Blvd 38 24 31 S Redondo Beach N of Torrance Blvd 30 32 23 N Redondo Beach/Golden Hills 19 9 10 N Redondo Beach/El Nido 16 10 8 Total Active Listings 197 129 134 0 20 40 60 80 100 120 140 160 180 200 2012 2013 2014 Active Listings Year-to-Year by Map Area: June 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 1.8 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 3.3 S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 - 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 2.1 - 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 July The Redondo Beach real estate market recorded promising stats for the month of June as evidence of the 15.4% increase in the median sales price, a 20.7% jump in the sales/ listing ratio, and a 16% drop in the months of inventory. Although total sales, median days to sell, and active listings trended slightly negative the numbers from a month-to-month perspective were marginal at best, especially when compared to the $109,550 bump in the median sales price. What is my forecast for July? you ask. Considering the aforementioned, including all graphical data contained herein, I suspect buyer and seller interest and activity to remain quite aggressive, if not improve. After all mortgage money is extremely cheap, relatively speaking, so it would be counterintuitive to assume a contrary outcome. That said, are you ready to list your property? How about buy a new home? If yes, please get in contact with me today so together we can design a custom strategy to achieve your objective. I look forward to speaking with you soon! Your recap… Back to Table of Contents Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 65 64 -1 -1.5% Median Sales Price 710,000 819,550 109,550 15.4% Median Days to Sell 34 35 1 2.9% Listings 164 134 -30 -18.3% Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7% Months of Inventory 2.5 2.1 -0.4 -16.0%
  • 14.  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 Back to Table of Contents About Hady Chahine…
  • 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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