Redondo Beach

Residential Real Estate Market Conditions

January 2014

Key Statistics for January 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

Table of Contents

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 February

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

Key Statistics for January

Monthly Comparison Year-to-Year Total Sales Median Sales Price Median Days to Sell Listings Months of Inventory Jan 2013 47 699,000 60 125 2.6 Jan 2014 49 755,000 44 125 2.6 Delta 2 56,000 -16 0 0 Delta 4.3% 8.0% -26.7% 0.0% 0.0% Increase Decrease

= trending positive = trending negative

= trending positive = trending negative

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2014 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

Jan 8 7 11 9 4 8 2 49

2014 Residential Sales Statistics: January

12

10 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

0 Jan

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

2012 6 7 14 5 3 3 3 41

2013 8 8 16 1 6 6 2 47

2014 8 7 11 9 4 8 2 49

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

16

14
12 10 8 6 4 2 0 2012 2013 2014 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 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

Jan 672,500 1,025,000 672,000 755,000 1,005,000 806,000 590,000 755,000

2014 Median Sale Price Statistics: January

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

Jan

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

2012 505,000 650,000 564,500 460,000 710,000 540,000 420,000 560,000

2013 695,000 766,000 571,500 357,000 786,250 727,500 475,000 699,000

2014 672,500 1,025,000 672,000 755,000 1,005,000 806,000 590,000 755,000

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

1,200,000

1,000,000

800,000

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

600,000

400,000

N Redondo Beach/Golden Hills N Redondo Beach/El Nido Market Median Sale Price

200,000

2012 2013 2014

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2014 Active Listings by Map Area

30

25

20 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

15

10

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

2014 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

Jan 27 20 30 13 16 8 11 125

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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2014 Total Active Listings vs. Total Sales

140
120

100
80

60
Total Active Listings Total Sales 40

20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 Active Listings/Total Sales by Map Area Jan Feb N Redondo Beach/Villas North 27 S Redondo Beach W of PCH 20 N Redondo Beach/Villas South 30 S Redondo Beach S of Torrance Blvd 13 S Redondo Beach N of Torrance Blvd 16 N Redondo Beach/Golden Hills 8 N Redondo Beach/El Nido 11 Total Active Listings 125 Total Sales 49 Sales/Listings Ratio 39.2%
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Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

2012 41 35 35 25 24 16 16 192

2013 22 27 22 21 18 7 8 125

2014 27 20 30 13 16 8 11 125

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

45 40 35 30 25 20 15 10 5 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

0
2012 2013 2014

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2014 Months of Inventory by Map Area

6.0

5.0

4.0 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

3.0

2.0

1.0

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
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Jan 3.4 2.9 2.7 1.4 4.0 1.0 5.5

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Months of Inventory: Year-to-Year

6.0

5.0

4.0 2012 2013 2014 2.0

3.0

1.0

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

Months of Inventory: Year-to-Year 2012 2013 2014

Jan 3.5 2.6 2.6

Feb 5.8 3.0

Mar 3.4 1.9

Apr 3.3 2.3

May 3.3 2.0

Jun 3.3 1.8

Jul 3.2 1.9

Aug 3.5 2.0

Sep 2.9 2.0

Oct 2.5 2.2

Nov 2.3 2.8

Dec 2.0 1.6

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Outlook for February

Data analysis of Redondo Beach real estate activity for January 2014 relative to the same time last year revealed a 4.3% increase in total sales, an 8.0% improvement in the median sales price, and a 26.7% reduction in the median days to sell. Figures for both listings and months of inventory were identical yearover-year. Accordingly, evidence suggests market performance projections for February are likely to improve or remain somewhat equal when compared to January stats. One caveat, however, is what impact if any the tax season might have on selling or buying interests. With this in mind, the recap is

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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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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/

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