redondo beach real estate market conditions - february 2014
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Redondo BeachResidential Real Estate
Market ConditionsFebruary 2014
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Key Statistics for February
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= 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 Sales Price 720,000 718,000 (2,000) -0.3%
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%
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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 0NRedondo 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 BlvdN Redondo Beach/Golden Hills
N Redondo Beach/El Nido
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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 0NRedondo 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
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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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 -NRedondo Beach/El Nido 590,000 625,000
Market Median Sales Price 755,000 718,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
Jan Feb
2014 Median Sales Price 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
Market Median Sales Price
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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
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 BlvdN Redondo Beach/Golden Hills
N Redondo Beach/El Nido
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 -NRedondo Beach/El Nido 409,500 550,000 625,000
Market Median Sales Price 549,500 720,000 718,000
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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
S Redondo Beach W of PCH 20 29
N Redondo Beach/Villas South 30 29
S Redondo Beach S of Torrance Blvd 13 19
S Redondo Beach N of Torrance Blvd 16 15
N Redondo Beach/Golden Hills 8 10
NRedondo Beach/El Nido 11 14
Total Active Listings 125 142
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5
10
15
20
25
30
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 SouthS 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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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
S Redondo Beach W of PCH 20 29
N Redondo Beach/Villas South 30 29
S Redondo Beach S of Torrance Blvd 13 19
S Redondo Beach N of Torrance Blvd 16 15
N Redondo Beach/Golden Hills 8 10
N Redondo Beach/El Nido 11 14
Total Active Listings 125 142
Total Sales 49 44
Sales/Listings Ratio 39.2% 31.0%
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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 ListingsTotal Sales
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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 10N Redondo Beach/El Nido 18 15 14
Total Active Listings 204 151 142
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5
10
15
20
25
30
35
40
45
2012 2013 2014
Active Listings by Map Area: Year-to-Year for 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
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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
NRedondo Beach/Golden Hill s 1.0 -
N Redondo Beach/El Nido 5.5 7.0
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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 PCHN 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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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
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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
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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 Februarys 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
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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%
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