February 2014 Redondo Beach Real Estate Market Trends Update

Redondo Beach Residential Real Estate

Market Conditions February 2014

http://hhcrealestate.com/

Table of

Contents

Key Statistics for February

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 March

About the Mother & Son South Bay Real Estate Team Contact Information


Key Statistics for February

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 44 -5 -10.2%

Median Sales Price 755,000 718,000 (37,000) -4.9%

Median Days to Sell 44 37 -7 -15.9%

Listings 125 142 17 13.6%

Sales/Listing Ratio 39.2% 31.0% -8.2% -20.9%

Months of Inventory 2.6 3 0.6 23.1%

Monthly Comparison Year-to-Year Feb 2013 Feb 2014 Delta Delta Increase Decrease

Total Sales 50 44 -6 -12.0%


Median Days to Sell 28 37 9 32.1%

Listings 151 142 -9 -6.0%

Months of Inventory 3.0 3.2 0.2 6.7%



2014 Residential Sales by Map Area Jan Feb

N Redondo Beach/Villas North 8 6

S Redondo Beach W of PCH 7 5

N Redondo Beach/Villas South 11 12

S Redondo Beach S of Torrance Blvd 9 7

S Redondo Beach N of Torrance Blvd 4 12

N Redondo Beach/Golden Hills 8 0

N Redondo Beach/El Nido 2 2

Total Sales 49 44

0

2

4

6

8

10

12

Jan Feb

2014 Residential Sales Statistics: February

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 February 2012 2013 2014

N Redondo Beach/Villas North 7 12 6

S Redondo Beach W of PCH 6 6 5

N Redondo Beach/Villas South 10 10 12

S Redondo Beach S of Torrance Blvd 8 5 7

S Redondo Beach N of Torrance Blvd 5 6 12

N Redondo Beach/Golden Hills 4 6 0

N Redondo Beach/El Nido 4 5 2

Total Sales 44 50 44

0

2

4

6

8

10

12

2012 2013 2014

Total Sales by Map Area: Year-to-Year for February










2014 Median Sales Price by Map Area Jan Feb

N Redondo Beach/Villas North 672,500 769,000

S Redondo Beach W of PCH 1,025,000 421,000

N Redondo Beach/Villas South 672,000 777,500

S Redondo Beach S of Torrance Blvd 755,000 689,000

S Redondo Beach N of Torrance Blvd 1,005,000 718,000

N Redondo Beach/Golden Hills 806,000 -

N Redondo Beach/El Nido 590,000 625,000

Market Median Sales Price 755,000 718,000

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Jan Feb

2014 Median Sales Price Statistics: February








Market Median Sales Price



-

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 February








Market Median Sales Price

Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014

N Redondo Beach/Villas North 490,000 801,500 769,000

S Redondo Beach W of PCH 862,500 707,500 421,000

N Redondo Beach/Villas South 464,950 617,000 777,500

S Redondo Beach S of Torrance Blvd 523,770 1,079,000 689,000

S Redondo Beach N of Torrance Blvd 697,500 821,564 718,000

N Redondo Beach/Golden Hills 572,000 637,500 -

N Redondo Beach/El Nido 409,500 550,000 625,000

Market Median Sales Price 549,500 720,000 718,000



2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec








Total Active Listings 125 142

-

5

10

15

20

25

30

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings by Map Area










2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec








Total Active Listings 125 142

Total Sales 49 44

Sales/Listings Ratio 39.2% 31.0%

-

20

40

60

80

100

120

140

160


2014 Total Active Listings vs. Total Sales

Total Active Listings Total Sales



Active Listings by Map Area: Year-to-Year for February 2012 2013 2014

N Redondo Beach/Villas North 40 21 26

S Redondo Beach W of PCH 42 34 29

N Redondo Beach/Villas South 40 21 29

S Redondo Beach S of Torrance Blvd 33 30 19

S Redondo Beach N of Torrance Blvd 18 24 15

N Redondo Beach/Golden Hills 13 6 10

N Redondo Beach/El Nido 18 15 14

Total Active Listings 204 151 142

0

5

10

15

20

25

30

35

40

45

2012 2013 2014

Active Listings by Map Area: Year-to-Year for February










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

S Redondo Beach W of PCH 2.9 5.8

N Redondo Beach/Villas South 2.7 2.4

S Redondo Beach S of Torrance Blvd 1.4 2.7

S Redondo Beach N of Torrance Blvd 4.0 1.3

N Redondo Beach/Golden Hills 1.0 -

N Redondo Beach/El Nido 5.5 7.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0


2014 Months of Inventory by Map Area










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

-

1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory: Year-to-Year

2012

2013

2014


Outlook for March

Well, real estate activity in Redondo Beach during the month of February produced rather uninspiring

results. While the median days to sell and listings stats trended positive the remaining points of

reference, however, moved in the opposite direction including, but not limited to, total sales and the

market median sales price.

Unfortunately at this time it is difficult to identify contributing factors for February’s performance.

Although, historically speaking January through April 15th tends to be slow periods for real estate

because people are gearing down after a busy holiday season and then turn their focus on the tax

season shortly thereafter. Thus, March is likely to produce similar data but as the calendar encroaches

upon summertime the market is expected to regain its strength.

Your recap…


Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 49 44 -5 -10.2%


Median Days to Sell 44 37 -7 -15.9%

Listings 125 142 17 13.6%

Sales/Listing Ratio 39.2% 31.0% -8.2% -20.9%

Months of Inventory 2.6 3 0.6 23.1%


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



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.


Hady Chahine [email protected]

310-404-5361

Hassana Chahine [email protected]

310-756-8949

Listings MLS BLOG Website



http://hhcrealestate.com/featured-south-bay-homes

http://hhcrealestate.com/south-bay-mls-real-estate-listings

http://hhcrealestate.com/real-estate-news/