redondo beach real estate market conditions - march 2014
TRANSCRIPT
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
Key Statistics for March
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= 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%
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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
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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
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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
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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 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
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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
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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%
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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
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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 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
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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
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
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…
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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%
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
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Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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