redondo beach real estate market conditions - july 2015

Redondo Beach Residential Real Estate

Market Conditions July 2015

http://hhcrealestate.com/

Table of

Contents

Key Statistics for July

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

Recap & Outlook for August

About Hady Chahine Contact Information


Key Statistics for July

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 90 99 9 10.0%

Median Sales Price 862,500 876,000 13,500 1.6%

Median Days to Sell 34 33 -1 -2.9%

Listings 141 147 6 4.3%

Sales/Listing Ratio 63.8% 67.3% 3.5% 5.5%

Months of Inventory 2 1 -1.0 -50.0%

Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease



Median Days to Sell 30 33 3 10.0%

Listings 201 147 -54 -26.9%

Months of Inventory 2.0 1.0 -1 -50.0%



Total Sales Month-to-Month by Map Area May Jun Jul

N Redondo Beach/Villas North 20 18 26

S Redondo Beach W of PCH 14 11 12

N Redondo Beach/Villas South 20 19 16

S Redondo Beach S of Torrance Blvd 16 12 9

S Redondo Beach N of Torrance Blvd 7 11 16

N Redondo Beach/Golden Hills 7 13 14

N Redondo Beach/El Nido 5 6 6

Total Sales 89 90 99

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May Jun Jul

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



Total Sales Year-to-Year by Map Area 2013 2014 2015








Total Sales 100 90 99

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2013 2014 2015

Total Sales Year-to-Year by Map Area: July








Total Sales



Median Sales Price Month-to-Month by Map Area May Jun Jul

N Redondo Beach/Villas North 902,500 832,500 826,500

S Redondo Beach W of PCH 705,000 899,000 770,000

N Redondo Beach/Villas South 717,500 726,000 882,500

S Redondo Beach S of Torrance Blvd 1,135,000 990,000 975,000

S Redondo Beach N of Torrance Blvd 807,000 979,000 1,054,000

N Redondo Beach/Golden Hills 890,000 985,500 907,500

N Redondo Beach/El Nido 626,500 1,235,688 817,000

Market Median Sales Price 849,000 862,500 876,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

May Jun Jul

2015 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2013 2014 2015

N Redondo Beach/Villas North 605,000 640,000 826,500

S Redondo Beach W of PCH 925,000 945,000 770,000

N Redondo Beach/Villas South 687,000 730,000 882,500

S Redondo Beach S of Torrance Blvd 820,750 1,160,000 975,000

S Redondo Beach N of Torrance Blvd 885,000 889,000 1,054,000

N Redondo Beach/Golden Hills 790,000 883,000 907,500

N Redondo Beach/El Nido 557,500 874,500 817,000

Market Median Sales Price 752,500 862,500 876,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

2013 2014 2015

Median Sales Price Year-to-Year by Map Area: July








Market Median Sales Price



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

S Redondo Beach W of PCH 13 16 17 23 21 21 25

N Redondo Beach/Villas South 31 28 26 31 29 33 30

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12

N Redondo Beach/El Nido 6 11 10 11 8 5 5

Total Active Listings 97 112 119 156 164 141 147

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5

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

2015 Active Listings by Map Area










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

S Redondo Beach W of PCH 13 16 17 23 21 21 25

N Redondo Beach/Villas South 31 28 26 31 29 33 30

S Redondo Beach S of Torrance Blvd 15 14 21 21 21 20 25

S Redondo Beach N of Torrance Blvd 12 14 13 30 29 17 19

N Redondo Beach/Golden Hills 2 5 7 16 18 13 12

N Redondo Beach/El Nido 6 11 10 11 8 5 5

Total Active Listings 97 112 119 156 164 141 147

Total Sales 46 41 81 79 89 90 99

Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3%

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2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015








Total Active Listings 196 201 147

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2013 2014 2015

Active Listings Year-to-Year by Map Area: July








Total Active Listings



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

S Redondo Beach W of PCH 2.2 4.0 1.7 1.8 1.5 2.0 2.0

N Redondo Beach/Villas South 5.2 1.8 1.1 1.9 1.5 2.0 2.0

S Redondo Beach S of Torrance Blvd 1.9 2.0 2.3 2.3 1.3 2.0 3.0

S Redondo Beach N of Torrance Blvd 2.0 2.8 1.4 2.7 4.1 2.0 1.0

N Redondo Beach/Golden Hills 0.3 1.7 1.2 2.3 2.6 1.0 1.0

N Redondo Beach/El Nido 6.0 11.0 2.0 1.4 1.6 1.0 1.0

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2.0

4.0

6.0

8.0

10.0

12.0


2015 Months of Inventory by Map Area










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

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0.5

1.0

1.5

2.0

2.5

3.0

3.5


2015 Months of Inventory Year-to-Year

2013

2014

2015


Recap & Outlook for August According to the MLS, the month of July proved fairly positive for real estate activity in Redondo Beach with a 10% increase in total sales and single digit improvements in the median sales price, median days to sell, listings, and sales/listing ratio. Furthermore, year-over-year analysis for July reveals exact trending behavior for total sales and median sales price – a 10% and 1.6% increase, respectively speaking. In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the fourth straight month” while “available housing supply remains constrained at 3.3 months of inventory” (http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standard). August will undoubtedly end with similar if not better stats given the time of year, inexpensive mortgage money, and a healthy relationship between buyers and sellers. Sellers - for a free comparative market analysis (CMA), please give me a call today.

Buyers – let’s schedule you to get pre-approved to make offers to purchase ASAP as summer is almost at an end.


Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease



Median Days to Sell 34 33 -1 -2.9%

Listings 141 147 6 4.3%

Sales/Listing Ratio 63.8% 67.3% 3.5% 5.5%

Months of Inventory 2 1 -1.0 -50.0%

Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease



Median Days to Sell 30 33 3 10.0%

Listings 201 147 -54 -26.9%

Months of Inventory 2.0 1.0 -1 -50.0%


http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standard

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


About

Hady Chahine…


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.


Listings MLS BLOG Website



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redondo beach real estate market conditions - july 2015

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