Redondo Beach

Residential Real Estate Market Conditions

December 2013

Key Statistics for December Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec

Table of Contents

Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec

Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory

Outlook for January

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

Key Statistics for December

Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover Nov 2013 51 711,000 36 144 35.4% 2.8 Dec 2013 68 764,498 48 108 63.0% 1.6 Delta (qty) 17 53,498 12 -36 27.6% -1.2 Delta (%) 33.3% 7.5% 33.3% -25.0% 78.0% -42.9% Increase Decrease

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Inventory Turnover

Dec 2012 64 661,000 47 125 2.0

Dec 2013 68 764,498 40 108 1.6

Delta 4 103,498 -7 -17 -0.4

Delta 6.3% 15.7% -14.9% -13.6% -20.0%

Increase

Decrease

= trending positive = trending negative

= trending positive = trending negative

Back to Table of Contents

2013 Residential Sales 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

Oct 20 12 14 9 7 4 2 68

Nov 14 10 8 9 5 4 1 51

Dec 16 12 13 6 9 8 4 68

2013 Residential Sales Statistics: Oct - Dec

20 18 16 14 12 10 8 6 4 2 0 Oct Nov Dec 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

Back to Table of Contents

Sales by Map Area: Year-to-Year for December 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

2011 12 12 11 7 6 8 2 58

2012 15 7 13 7 10 6 6 64

2013 16 12 13 6 9 8 4 68

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

16 14 12 10 8 6 4 2 0 2011 2012 2013 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

Back to Table of Contents

2013 Median Sale Price 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 Sale Price

Oct 647,500 757,500 737,500 745,000 930,000 800,000 710,000 747,500

Nov 603,950 735,000 763,500 445,000 897,500 767,000 579,500 711,000

Dec 681,000 815,000 660,000 798,750 917,500 785,250 780,000 764,498

2013 Median Sale Price Statistics: Oct - Dec

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Oct Nov Dec 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 Sale Price

Back to Table of Contents

Median Sale Price by Map Area: Year-to-Year for December 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 Sale Price

2011 645,000 570,000 599,900 750,000 565,000 600,250 480,000 600,000

2012 661,000 542,000 661,000 1,329,000 632,000 684,000 579,500 661,000

2013 681,000 815,000 660,000 798,750 917,500 785,250 780,000 764,498

Median Sale Price by Map Area: Year-to-Year for December

1,400,000

1,200,000

1,000,000 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 Sale Price

800,000

600,000

400,000

200,000

2011 2012 2013

Back to Table of Contents

2013 Active Listings by Map Area

50
45

40
35 30 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 25 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings/Total Sales 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 Active Listings
Back to Table of Contents

Jan 28 28 22 21 16 7 8 130

Feb 21 35 21 30 22 6 15 150

Mar 21 35 21 30 22 6 15 150

Apr 21 33 34 30 25 14 13 170

May 21 39 35 28 22 13 11 169

Jun 23 39 31 22 30 9 10 164

Jul 30 48 32 30 33 5 13 191

Aug 34 49 28 19 36 6 9 181

Sep 37 44 20 14 34 7 9 165

Oct 24 37 22 14 28 13 12 150

Nov 22 26 19 23 28 15 11 144

Dec 19 21 17 11 20 11 9 108

2013 Total Active Listings vs. Total Sales

200 180 160

140
120 100 80 Total Active Listings Total Sales 60 40 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24 22 19 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26 21 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19 17 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23 11 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28 20 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15 11 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12 11 9 Total Active Listings 130 150 150 170 169 164 191 181 165 150 144 108 Total Sales 47 50 70 74 86 89 100 89 82 68 51 68 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% 45.3% 35.4% 63.0%
Back to Table of Contents

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

2011 40 33 30 25 23 13 13 177

2012 21 31 24 15 18 8 8 125

2013 19 21 17 11 20 11 9 108

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

40 35 30 25 20 15 10 5 0 2011 2012 2013

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

Back to Table of Contents

2013 Months of Inventory by Map Area

25.0

20.0

15.0 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

10.0

5.0

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

2013 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
Back to Table of Contents

Jan 2.8 3.5 1.4 21.0 2.7 1.2 4.0

Feb 1.8 5.8 2.1 6.0 3.7 1.0 3.0

Mar 1.8 3.4 1.5 1.4 1.8 3.3 2.0

Apr 1.2 3.3 2.6 3.0 5.0 1.3 1.6

May 1.2 3.3 1.9 2.2 1.6 1.2 11.0

Jun 2.3 3.3 1.4 1.7 2.7 0.7 1.4

Jul 1.6 3.2 1.2 1.5 3.0 5.0 1.6

Aug 2.0 3.5 1.4 1.9 2.8 0.6 1.8

Sep 2.3 2.9 0.9 1.3 4.3 2.3 1.5

Oct 1.2 3.1 1.6 1.6 4.0 3.3 6.0

Nov 1.6 2.6 2.4 2.6 5.6 3.8 11.0

Dec 1.2 1.8 1.3 1.8 2.2 1.4 2.3

Months of Inventory: Year-to-Year

7.0 6.0 5.0 4.0 3.0 2.0 1.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 2012 2013

Months of Inventory: Year-to-Year 2011 2012 2013

Jan 1.4 3.5 2.6

Feb 2.1 5.8 3.0

Mar 1.5 3.4 1.9

Apr 2.6 3.3 2.3

May 1.9 3.3 2.0

Jun 1.4 3.3 1.8

Jul 1.2 3.2 1.9

Aug 1.4 3.5 2.0

Sep 0.9 2.9 2.0

Oct 6.4 2.5 2.2

Nov 3.8 2.3 2.8

Dec 3.1 2.0 1.6

Back to Table of Contents

Outlook for January

For December 2013, the Redondo Beach residential real estate market posted promising data statistics given it was a holiday month and people tend to be more focused on family and friends rather than homes, mortgages, and property insurance. Overall trending improvements were seen in total sales, median sales price, sales/listing ratio, and inventory turnover. Trending a bit negative were median days to sell and the number of listings. Forecasts for the New Year are reassuring given stable interest in buyer and seller activity and because the cost to borrower money remains at historically low levels. For questions concerning market trending behavior, or to request a complementary comparative market analysis, please give me a call. With this in mind, the recap is
Month-to-Month Comparison Total Sales Median Sales Price Median Days to Sell Listings Sales/Listing Ratio Inventory Turnover
Back to Table of Contents

Nov 2013 51 711,000 36 144 35.4% 2.8

Dec 2013 68 764,498 48 108 63.0% 1.6

Delta (qty) 17 53,498 12 -36 27.6% -1.2

Delta (%) 33.3% 7.5% 33.3% -25.0% 78.0% -42.9%

Increase

Decrease

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
Back to Table of Contents

Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

Hady Chahine
hady@hhcrealestate.com 310-404-5361

Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.

Back to Table of Contents