March 2014 Redondo Beach Real Estate Market Trends Update

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

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March 2014 Redondo Beach Real Estate Market Trends Update

  1. 1. Redondo Beach Residential Real Estate Market Conditions March 2014
  2. 2. Table of Contents Key Statistics for March 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 April About the Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for March Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 44 79 35 79.5% Median Sales Price 718,000 760,000 42,000 5.8% Median Days to Sell 37 37 0 0.0% Listings 142 148 6 4.2% Sales/Listing Ratio 31.0% 53.4% 22.4% 72.3% Months of Inventory 3.2 2 -1.3 -40.6% Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease Total Sales 70 79 9 12.9% Median Sales Price 648,150 760,000 111,850 17.3% Median Days to Sell 35 37 2 5.7% Listings 136 148 12 8.8% Months of Inventory 1.9 1.9 0 0.0%
  4. 4. Back to Table of Contents 0 2 4 6 8 10 12 14 16 18 20 Jan Feb Mar 2014 Residential Sales Statistics: March 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 2014 Residential Sales by Map Area Jan Feb Mar N Redondo Beach/Villas North 8 6 19 S Redondo Beach W of PCH 7 5 7 N Redondo Beach/Villas South 11 12 20 S Redondo Beach S of Torrance Blvd 9 7 5 S Redondo Beach N of Torrance Blvd 4 12 12 N Redondo Beach/Golden Hills 8 0 12 N Redondo Beach/El Nido 2 2 4 Total Sales 49 44 79
  5. 5. Back to Table of Contents 0 2 4 6 8 10 12 14 16 18 20 2012 2013 2014 Total Sales by Map Area: Year-to-Year for March 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 Sales by Map Area: Year-to-Year for March 2012 2013 2014 N Redondo Beach/Villas North 16 11 19 S Redondo Beach W of PCH 10 8 7 N Redondo Beach/Villas South 16 14 20 S Redondo Beach S of Torrance Blvd 9 18 5 S Redondo Beach N of Torrance Blvd 9 10 12 N Redondo Beach/Golden Hills 7 4 12 N Redondo Beach/El Nido 3 5 4 Total Sales 70 70 79
  6. 6. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Jan Feb Mar 2014 Median Sales Price Statistics: March 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 2014 Median Sales Price by Map Area Jan Feb Mar N Redondo Beach/Villas North 672,500 769,000 710,000 S Redondo Beach W of PCH 1,025,000 421,000 1,009,000 N Redondo Beach/Villas South 672,000 777,500 735,400 S Redondo Beach S of Torrance Blvd 755,000 689,000 830,000 S Redondo Beach N of Torrance Blvd 1,005,000 718,000 830,000 N Redondo Beach/Golden Hills 806,000 - 862,000 N Redondo Beach/El Nido 590,000 625,000 742,500 Market Median Sales Price 755,000 718,000 760,000
  7. 7. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2012 2013 2014 Median Sales Price by Map Area: Year-to-Year for March 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 Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014 N Redondo Beach/Villas North 615,500 648,299 710,000 S Redondo Beach W of PCH 731,000 787,500 1,009,000 N Redondo Beach/Villas South 630,000 549,250 735,400 S Redondo Beach S of Torrance Blvd 425,000 717,000 830,000 S Redondo Beach N of Torrance Blvd 655,000 719,500 830,000 N Redondo Beach/Golden Hills 670,000 872,000 862,000 N Redondo Beach/El Nido 526,000 580,000 742,500 Market Median Sales Price 635,500 648,150 760,000
  8. 8. Back to Table of Contents - 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 2014 Active Listings/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 S Redondo Beach W of PCH 20 29 37 N Redondo Beach/Villas South 30 29 24 S Redondo Beach S of Torrance Blvd 13 19 19 S Redondo Beach N of Torrance Blvd 16 15 16 N Redondo Beach/Golden Hills 8 10 9 N Redondo Beach/El Nido 11 14 12 Total Active Listings 125 142 148
  9. 9. Back to Table of Contents - 20 40 60 80 100 120 140 160 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales 2014 Active Listings/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 S Redondo Beach W of PCH 20 29 37 N Redondo Beach/Villas South 30 29 24 S Redondo Beach S of Torrance Blvd 13 19 19 S Redondo Beach N of Torrance Blvd 16 15 16 N Redondo Beach/Golden Hills 8 10 9 N Redondo Beach/El Nido 11 14 12 Total Active Listings 125 142 148 Total Sales 49 44 79 Sales/Listings Ratio 39.2% 31.0% 53.4%
  10. 10. Back to Table of Contents 0 5 10 15 20 25 30 35 40 45 50 2012 2013 2014 Active Listings by Map Area: Year-to-Year for March 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 Active Listings by Map Area: Year-to-Year for March 2012 2013 2014 N Redondo Beach/Villas North 46 20 31 S Redondo Beach W of PCH 34 26 37 N Redondo Beach/Villas South 27 21 24 S Redondo Beach S of Torrance Blvd 33 26 19 S Redondo Beach N of Torrance Blvd 19 20 16 N Redondo Beach/Golden Hills 14 13 9 N Redondo Beach/El Nido 15 10 12 Total Active Listings 188 136 148
  11. 11. Back to Table of Contents - 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 2014 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 S Redondo Beach W of PCH 2.9 5.8 5.3 N Redondo Beach/Villas South 2.7 2.4 1.2 S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 N Redondo Beach/Golden Hills 1.0 - 0.8 N Redondo Beach/El Nido 5.5 7.0 3.0
  12. 12. Back to Table of Contents - 1.0 2.0 3.0 4.0 5.0 6.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Months of Inventory: Year-to-Year 2012 2013 2014 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
  13. 13. Outlook for April Can I summarize the real estate market activity in Redondo Beach during the month of March in just one word? Absolutely… Fantastic! With exception of the median days to sell, which held constant, all other measurement indicators improved and, in some case, by more than 70%. For example, total sales nearly doubled and the median sales price increased by $42K. So what’s in store for April, you ask? Absent any negative reaction to the impending tax deadline of April 15th, I expect this positive trending pattern to continue. Thinking of buying or selling? Give me a call today and let’s discuss how I can be of service to you. Your recap… Back to Table of Contents Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 44 79 35 79.5% Median Sales Price 718,000 760,000 42,000 5.8% Median Days to Sell 37 37 0 0.0% Listings 142 148 6 4.2% Sales/Listing Ratio 31.0% 53.4% 22.4% 72.3% Months of Inventory 3.2 2 -1.3 -40.6%
  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. 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 Hady Chahine  hady@hhcrealestate.com  310-404-5361 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Listings MLS BLOGWebsite

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