Residential real estate activity in Redondo Beach significantly declined in November 2015. Total home sales dropped nearly 50% from the previous month, while the median sales price fell slightly. Home listings also decreased over the month and year, and the sales to listing ratio dropped over 40%. The report provides this data and analysis at the city and neighborhood level, finding similar downward trends across most areas. It summarizes the current state of the local housing market as slower than previous months.
2. Table of
Contents
Key Statistics for November
Sales
2015 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2015 Median Sales Stats
Year-to-Year Median Sales by Map Area
Listings
2015 Active Listings by Map Area
2015 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area
Inventory
2015 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary
About Hady Chahine
Contact Information
3. Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 83 42 -41 -49.4%
Median Sales Price 850,000 830,500 (19,500) -2.3%
Median Days to Sell 33 34 1 3.0%
Listings 149 134 -15 -10.1%
Sales/Listing Ratio 55.7% 31.3% -24.4% -43.8%
Months of Inventory 2.0 3.0 1.0 50.0%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 59 42 -17 -28.8%
Median Sales Price 785,000 830,500 45,500 5.8%
Median Days to Sell 50 34 -16 -32.0%
Listings 143 134 -9 -6.3%
Months of Inventory 2.1 3.0 0.9 42.9%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
N Redondo Beach/Villas North 14 17 11
S Redondo Beach W of PCH 10 10 8
N Redondo Beach/Villas South 18 19 9
S Redondo Beach S of Torrance Blvd 8 14 4
S Redondo Beach N of Torrance Blvd 13 12 4
N Redondo Beach/Golden Hills 7 9 5
N Redondo Beach/El Nido 3 2 1
Total Sales 73 83 42
-
10
20
30
40
50
60
70
80
90
Sep Oct Nov
2015 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
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Total Sales Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 14 12 11
S Redondo Beach W of PCH 10 10 8
N Redondo Beach/Villas South 8 11 9
S Redondo Beach S of Torrance Blvd 9 9 4
S Redondo Beach N of Torrance Blvd 5 8 4
N Redondo Beach/Golden Hills 4 5 5
N Redondo Beach/El Nido 2 4 1
Total Sales 52 59 42
-
10
20
30
40
50
60
2013 2014 2015
Total Sales Year-to-Year by Map Area: 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
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Median Sales Price Month-to-Month by Map Area Sep Oct Nov
N Redondo Beach/Villas North 749,375 730,000 850,000
S Redondo Beach W of PCH 758,750 778,000 682,000
N Redondo Beach/Villas South 728,750 855,000 930,000
S Redondo Beach S of Torrance Blvd 1,294,000 938,000 922,000
S Redondo Beach N of Torrance Blvd 1,043,000 896,000 1,215,000
N Redondo Beach/Golden Hills 1,020,000 940,000 811,000
N Redondo Beach/El Nido 870,000 707,500 621,000
Market Median Sales Price 880,000 850,000 830,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Sep Oct Nov
2015 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
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Median Sales Price Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 603,950 775,000 850,000
S Redondo Beach W of PCH 735,000 857,500 682,000
N Redondo Beach/Villas South 763,500 759,000 930,000
S Redondo Beach S of Torrance Blvd 445,000 1,000,000 922,000
S Redondo Beach N of Torrance Blvd 897,500 732,500 1,215,000
N Redondo Beach/Golden Hills 767,000 850,000 811,000
N Redondo Beach/El Nido 559,750 712,500 621,000
Market Median Sales Price 707,000 785,000 830,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: 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 Sales Price
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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 18 24 25 24 38 32 31 28 31 25 19
S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32
N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26
S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21
S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19
N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9
N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8
Total Active Listings 97 112 119 156 164 141 147 137 155 149 134
-
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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
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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 18 24 25 24 38 32 31 28 31 25 19
S Redondo Beach W of PCH 13 16 17 23 21 21 25 19 26 30 32
N Redondo Beach/Villas South 31 28 26 31 29 33 30 28 33 24 26
S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25 23 19 17 21
S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19 23 24 23 19
N Redondo Beach/Golden Hills 2 5 7 16 18 13 12 10 12 19 9
N Redondo Beach/El Nido 6 11 10 11 8 5 5 6 10 11 8
Total Active Listings 97 112 119 156 164 141 147 137 155 149 134
Total Sales 46 41 81 79 89 90 99 75 73 83 42
Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1% 55.7% 31.3%
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20
40
60
80
100
120
140
160
180
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
N Redondo Beach/Villas North 26 37 19
S Redondo Beach W of PCH 28 12 32
N Redondo Beach/Villas South 24 33 26
S Redondo Beach S of Torrance Blvd 29 23 21
S Redondo Beach N of Torrance Blvd 32 26 19
N Redondo Beach/Golden Hills 16 7 9
N Redondo Beach/El Nido 13 5 8
Total Active Listings 168 143 134
-
20
40
60
80
100
120
140
160
180
2013 2014 2015
Active Listings Year-to-Year by Map Area: 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
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 1.4 4.8 1.4 1.6 1.9 2.0 1.0 2.0 2.0 1.0 2.0
S Redondo Beach W of PCH 2.2 4.0 1.7 1.8 1.5 2.0 2.0 1.0 3.0 3.0 4.0
N Redondo Beach/Villas South 5.2 1.8 1.1 1.9 1.5 2.0 2.0 2.0 2.0 1.0 3.0
S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0 3.0 3.0 2.0 1.0 5.0
S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7 4.1 2.0 1.0 2.0 2.0 2.0 5.0
N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3 2.6 1.0 1.0 1.0 2.0 2.0 2.0
N Redondo Beach/El Nido 6.0 11.0 2.0 1.4 1.6 1.0 1.0 3.0 3.0 6.0 8.0
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2.0
4.0
6.0
8.0
10.0
12.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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
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 2.0 2.3 2.2 1.8 2.1 1.2
2015 2.1 2.7 1.5 2.0 1.8 2.0 1.0 2.0 2.0 2.0 3.0
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0.5
1.0
1.5
2.0
2.5
3.0
3.5
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Months of Inventory Year-to-Year
2013
2014
2015
13. Summary
What happened to real estate activity in Redondo Beach during November??? Total sales plummeted 49.4%, the market median
sales price fell 2.3%, median days to sell jumped 3.0%, listings declined 10.1%, and the sales/listing ratio dropped by more than
43%. Year-over-year data shows similar behavior for total sales and net listings, but the market median sales price and median days
to sell definitely improved.
In the news… According to C.A.R., “statewide sales were below the 400,000 mark for the first time in eight months” while the
statewide median home valuation holds strong in the $475K range.
http://www.car.org/newsstand/newsreleases/2015releases/november2015sales?view=Standard
For questions concerning buying or selling, please give me a call today. No commitment necessary, merely interested in helping in
any way I can.
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Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 83 42 -41 -49.4%
Median Sales Price 850,000 830,500 (19,500) -2.3%
Median Days to Sell 33 34 1 3.0%
Listings 149 134 -15 -10.1%
Sales/Listing Ratio 55.7% 31.3% -24.4% -43.8%
Months of Inventory 2.0 3.0 1.0 50.0%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 59 42 -17 -28.8%
Median Sales Price 785,000 830,500 45,500 5.8%
Median Days to Sell 50 34 -16 -32.0%
Listings 143 134 -9 -6.3%
Months of Inventory 2.1 3.0 0.9 42.9%
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
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About
Hady Chahine…
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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.
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