Redondo Beach Real Estate Market Conditions - September 2015

Redondo Beach
Residential Real Estate

Market Conditions
September 2015
Key Statistics for September

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
Table of
Contents
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
Summary
About Hady Chahine

Contact Information
Key Statistics for September

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Aug 2015
75
795,000
35
137
54.7%
2.0
Sep 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Sep 2014
Sep 2015
Back to Table of Contents
71
780,000
43
187
2.2
73
880,000
45
155
47.1%
2.0
73
880,000
45
155
2.0
Delta (qty)
-2
85,000
10
18
-7.6%
0.0
Delta
2
100,000
2
-32
-0.2
Delta (%)
-2.7%
10.7%
28.6%
13.1%
-13.9%
0.0%
Increase
Decrease
Delta
2.8%
12.8%
4.7%
-17.1%
-9.1%
Increase
Decrease
= trending positive
= trending positive
= trending negative
= trending negative
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
Jul
26
12
16
9
16
14
6
99
Aug
15
15
18
7
11
7
2
75
Sep
14
10
18
8
13
7
3
73
2015 Total Sales Month-to-Month by Map Area

100
90
80
70
60
50
40

30
20
Total Sales
10
Jul
Aug
Sep
Total Sales Year-to-Year by Map Area

Total Sales
2013
16
15
23
11
8
3
6
82
2014
15
11
13
7
13
4
8
71
2015
14
10
18
8
13
7
3
73
Total Sales Year-to-Year by Map Area: September

90
80
70
60
50

40
30

20
Total Sales
10
2013
2014
2015
Median Sales Price Month-to-Month by Map Area

Market Median Sales Price
Jul
826,500
770,000
882,500
975,000
1,054,000
907,500
817,000
876,000
Aug
839,000
705,000
706,200
748,000
995,000
935,000
1,092,250
795,000
Sep
749,375
758,750
728,750
1,294,000
1,043,000
1,020,000
870,000
880,000
2015 Median Sales Price Month-to-Month by Map Area

1,400,000
1,200,000

1,000,000

800,000

600,000

400,000

200,000
Jul
Aug
Sep
Median Sales Price Year-to-Year by Map Area

2013
797,500
750,000
695,000
825,000
885,000
800,000
685,000
750,000
2014
949,000
620,000
619,000
815,000
888,000
869,500
603,000
780,000
2015
749,375
758,750
728,750
1,294,000
1,043,000
1,020,000
870,000
880,000
Median Sales Price Year-to-Year by Map Area: September

1,400,000
1,200,000

1,000,000

800,000

600,000

400,000

200,000
2013
2014
2015
2015 Active Listings by Map Area

40
35
30

25
20

15
10
5
Jan
Active Listings vs. Total Sales by Map Area

Total Active Listings
Jan
18
13
31
15
12
2
6
97
Feb
Mar
Apr
May
Jun
Feb
24
16
28
14
14
5
11
112
Mar
25
17
26
21
13
7
10
119
Apr
24
23
31
21
30
16
11
156
May
38
21
29
21
29
18
8
164
Jun
32
21
33
20
17
13
5
141
Jul
Jul
31
25
30
25
19
12
5
147
Aug
Aug
28
19
28
23
23
10
6
137
Sep
Sep
31
26
33
19
24
12
10
155
Oct
Oct
Nov
Nov
Dec
Dec
2015 Total Active Listings vs. Total Sales

180
160
140
120
100
80
Total Sales
60
40
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
18
24
25
24
38
32
31
28
31
13
16
17
23
21
21
25
19
26
31
28
26
31
29
33
30
28
33
15
14
21
21
21
20
25
23
19
12
14
13
30
29
17
19
23
24
2
5
7
16
18
13
12
10
12
6
11
10
11
8
5
5
6
10
97 112 119 156 164 141 147 137 155
Total Sales
46
41
81
79
89
90
99
75
73
Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1%
Dec
Nov
Dec
Active Listings Year-to-Year by Map Area

2013
41
43
21
16
39
7
11
178
2014
41
31
37
28
29
10
11
187
2015
31
26
33
19
24
12
10
155
Active Listings Year-to-Year by Map Area: September

200
180
160
140
120
100

80

60
40
20
2013
2014
2015
2015 Months of Inventory by Map Area

12.0
10.0
8.0
6.0

4.0

2.0

Jan
Months of Inventory by Map Area

Jan
1.4
2.2
5.2
1.9
2.0
0.3
6.0
Feb
4.8
4.0
1.8
2.0
2.8
1.7
11.0
Feb
Mar
1.4
1.7
1.1
2.3
1.4
1.2
2.0
Mar
Apr
1.6
1.8
1.9
2.3
2.7
2.3
1.4
Apr
May
May
1.9
1.5
1.5
1.3
4.1
2.6
1.6
Jun
Jun
2.0
2.0
2.0
2.0
2.0
1.0
1.0
Jul
Jul
1.0
2.0
2.0
3.0
1.0
1.0
1.0
Aug
Sep
Aug
2.0
1.0
2.0
3.0
2.0
1.0
3.0
Sep
2.0
3.0
2.0
2.0
2.0
2.0
3.0
Oct
Oct
Nov
Nov
Dec
Dec
2015 Months of Inventory Year-to-Year

3.5
3.0
2.5
2.0
2013
2014
2015
1.5
1.0
0.5
Jan
Feb
Months of Inventory Year-to-Year

2013
2014
2015
Mar
Apr
Jan
2.6
2.6
2.1
Feb
3.0
3.2
2.7
May
Mar
1.9
1.9
1.5
Jun
Apr
2.3
2.0
2.0
Jul
May
2.0
2.5
1.8
Aug
Jun
1.8
2.1
2.0
Sep
Jul
1.9
2.0
1.0
Aug
2.0
2.3
2.0
Oct
Sep
2.0
2.2
2.0
Nov
Oct
2.2
1.8
Dec
Nov
2.8
2.1
Dec
1.6
1.2
Summary
September was fairly optimistic for Redondo Beach real estate investors as the market median sales price increased $85K and total
listings climbed 13.1%. Of some concern, however, was the 2.7% drop in total sales, 13.9% decline in the sales/listing ratio, and the
28.6% rise in the market median days to sell. According to MLS year-to-year data, total sales and the market median sales price
reveals a relatively strong relationship continues between buyers and sellers.
In the news C.A.R. reports Statewide sales were above the 400,000 mark for the sixth straight month with the median home
price increasing 4.3 percent from September 2014.
http://www.car.org/newsstand/newsreleases/2015releases/septemberhomesales
For my perspective on real estate market trending behavior please contact me today, because the process of buying and selling
property is often more complicated than it appears. - I look forward to hearing from you!
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Aug 2015
75
795,000
35
137
54.7%
2.0
Sep 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Sep 2014
Sep 2015
71
780,000
43
187
2.2
73
880,000
45
155
47.1%
2.0
73
880,000
45
155
2.0
Delta (qty)
-2
85,000
10
18
-7.6%
0.0
Delta
2
100,000
2
-32
-0.2
Delta (%)
-2.7%
10.7%
28.6%
13.1%
-13.9%
0.0%
Increase
Decrease
Delta
2.8%
12.8%
4.7%
-17.1%
-9.1%
Increase
Decrease
About
Hady Chahine
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
Hady Chahine
hady@hadychahine.com
310-404-5361
Website
Listings
MLS
BLOG
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.

Redondo Beach Real Estate Market Conditions - September 2015

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Redondo Beach Real Estate Market Conditions - September 2015

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Redondo Beach

Residential Real Estate

Key Statistics for September

About Hady Chahine

Key Statistics for September

Monthly Comparison Year-to-Year

Back to Table of Contents

Total Sales Month-to-Month by Map Area

2015 Total Sales Month-to-Month by Map Area

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/El Nido

Back to Table of Contents

Total Sales Year-to-Year by Map Area

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

S Redondo Beach W of PCH

N Redondo Beach/Villas South

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

Back to Table of Contents

Median Sales Price Month-to-Month by Map Area

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

N Redondo Beach/Villas North

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

N Redondo Beach/Golden Hills

Market Median Sales Price

Back to Table of Contents

Median Sales Price Year-to-Year by Map Area

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

N Redondo Beach/Villas North

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Back to Table of Contents

2015 Active Listings by Map Area

N Redondo Beach/Villas North

N Redondo Beach/Villas South

Active Listings vs. Total Sales by Map Area

2015 Total Active Listings vs. Total Sales

Active Listings vs. Total Sales by Map Area

Active Listings Year-to-Year by Map Area

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

N Redondo Beach/Villas North

S Redondo Beach W of PCH

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Total Active Listings

Back to Table of Contents

2015 Months of Inventory by Map Area

N Redondo Beach/Villas South

S Redondo Beach N of Torrance Blvd

N Redondo Beach/El Nido

Months of Inventory by Map Area

Back to Table of Contents

2015 Months of Inventory Year-to-Year

Months of Inventory Year-to-Year

Back to Table of Contents

Monthly Comparison Year-to-Year