November 2013 Redondo Beach Real Estate Market Trends Update

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

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November 2013 Redondo Beach Real Estate Market Trends Update

  1. 1. Redondo Beach Residential Real Estate Market Conditions November 2013
  2. 2. Key Statistics for November Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov 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: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for November About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for November Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Oct 2013 Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover Nov 2012 70 657,750 53 162 2.3 68 747,500 36 150 45.3% 2.2 Nov 2013 Delta (qty) 51 -17 711,000 (36,500) 36 0 144 -6 35.4% -9.9% 2.8 0.6 Nov 2013 51 711,000 36 144 2.8 Delta -19 53,250 -17 -18 0.5 Delta (%) -25.0% -4.9% 0.0% -4.0% -21.9% 27.3% Increase Decrease Delta -27.1% 8.1% -32.1% -11.1% 21.7% 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 Sep 16 15 23 11 8 3 6 82 Oct 20 12 14 9 7 4 2 68 Nov 14 10 8 9 5 4 1 51 2013 Residential Sales Statistics: Sep - Nov 25 20 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 15 10 5 0 Sep Back to Table of Contents Oct Nov
  5. 5. Sales by Map Area: Year-to-Year for November 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 6 9 11 3 11 8 6 54 2012 15 10 15 11 11 4 4 70 2013 14 10 8 9 5 4 1 51 Total Sales by Map Area: Year-to-Year for November 16 14 12 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 8 6 4 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 Sep 797,500 750,000 695,000 825,000 885,000 800,000 685,000 750,000 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 2013 Median Sale Price Statistics: Sep - Nov 1,000,000 900,000 800,000 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 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Sep Back to Table of Contents Oct Nov
  7. 7. Median Sale Price by Map Area: Year-to-Year for November 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 600,000 682,000 565,000 270,000 750,000 702,500 479,000 602,000 2012 650,000 659,500 560,000 375,000 790,000 774,250 640,000 657,750 2013 603,950 735,000 763,500 445,000 897,500 767,000 579,500 711,000 Median Sale Price by Map Area: Year-to-Year for November 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 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 25 N Redondo Beach/Villas South 20 S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd 15 N Redondo Beach/Golden Hills 10 N Redondo Beach/El Nido 5 - Jan 2013 Active Listings/Total Sales 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 Total Active Listings 28 28 22 21 16 7 8 130 Back to Table of Contents Feb Mar Apr May Jun Jul Feb Mar Apr May Jun Jul 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 Aug Sep Oct Nov Dec Aug Sep Oct Nov 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 Dec
  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 Feb Mar Apr May Jun Jul 2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Aug Jul Sep Aug Oct Sep Nov Oct Dec Nov N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24 22 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12 11 Total Active Listings 130 150 150 170 169 164 191 181 165 150 144 Total Sales 47 50 70 74 86 89 100 89 82 68 51 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% Back to Table of Contents Dec
  10. 10. Active Listings by Map Area: Year-to-Year for November 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 42 37 40 30 23 16 18 206 2012 27 40 40 16 18 8 13 162 2013 22 26 19 23 28 15 11 144 Active Listings by Map Area: Year-to-Year for November 45 40 35 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 30 25 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 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 15.0 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 Jul 1.6 3.2 1.2 1.5 3.0 5.0 1.6 Aug Sep Oct Nov Aug Sep Oct Nov 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 Dec 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 Apr Months of Inventory: Year-to-Year 2011 2012 2013 Back to Table of Contents May Jan 1.4 3.5 2.6 Jun Feb 2.1 5.8 3.0 Jul Mar 1.5 3.4 1.9 Aug Apr 2.6 3.3 2.3 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 -
  13. 13. Outlook for December Data results for the Redondo Beach residential real estate market for November relative to October indicate trending behavior has declined. With exception to median days to sell, which produced a net zero change, all other major indicators reveal activity is slowing. However, the holiday season is known to adversely impact consumer interest in real estate so these figures are not surprising nor do they suggest any reason to be concerned. Looking forward, it is expected that December’s residential real estate stats will likely mirror November’s with few, if any, exceptions. That stated, buyers remember the cost to borrower money remains at historically low levels. And sellers, do not forget as the quantity of listings drop so does the impact of competition. 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 Oct 2013 68 747,500 36 150 45.3% 2.2 Nov 2013 Delta (qty) 51 -17 711,000 (36,500) 36 0 144 -6 35.4% -9.9% 2.8 0.6 Delta (%) -25.0% -4.9% 0.0% -4.0% -21.9% 27.3% 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

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