Redondo Beach Real Estate Market Conditions - March 2015

Redondo Beach
Residential Real Estate

Market Conditions
March 2015
Key Statistics for March

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
Outlook for April
About Hady Chahine

Contact Information
Key Statistics for March

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Feb 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Mar 2014
79
760,000
37
171
1.9
Back to Table of Contents
41
810,000
34
112
36.6%
2.7
Mar 2015
Delta (qty)
81
40
875,000
65,000
29
-5
119
7
68.1%
31.5%
1.5
-1.2
Mar 2015
81
875,000
29
119
1.5
Delta
2
115,000
-8
-52
-0.4
Delta (%)
97.6%
8.0%
-14.7%
6.3%
86.1%
-44.4%
Increase
Decrease
Delta
2.5%
15.1%
-21.6%
-30.4%
-21.1%
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
Jan
13
6
6
8
6
6
1
46
Feb
5
4
16
7
5
3
1
41
Mar
18
10
24
9
9
6
5
81
2015 Total Sales Month-to-Month by Map Area

90
80
70
60

50

40
30

20
Total Sales
10
0
Jan
Feb
Mar
Total Sales Year-to-Year by Map Area

Total Sales
2013
11
8
14
18
10
4
5
70
2014
19
7
20
5
12
12
4
79
2015
18
10
24
9
9
6
5
81
Total Sales Year-to-Year by Map Area: March

90
80
70
60

50

40
30

20
Total Sales
10
0
2013
2014
2015
Median Sales Price Month-to-Month by Map Area

Market Median Sales Price
Jan
799,900
698,750
680,000
781,950
942,500
981,500
575,000
815,000
Feb
825,000
505,750
755,000
875,000
779,000
926,500
599,000
810,000
Mar
863,150
870,000
755,750
910,000
1,008,200
952,500
899,900
875,000
2015 Median Sales Price Month-to-Month by Map Area

1,200,000
1,000,000
800,000
600,000

400,000
200,000
Jan
Feb
Mar
Median Sales Price Year-to-Year by Map Area

2013
648,299
787,500
549,250
717,000
719,500
872,000
580,000
648,150
2014
710,000
1,009,000
735,400
830,000
830,000
862,000
742,500
760,000
2015
863,150
870,000
755,750
910,000
1,008,200
952,500
899,900
875,000
Median Sales Price Year-to-Year by Map Area: March

1,200,000
1,000,000
800,000

600,000

400,000

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

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
Feb
24
16
28
14
14
5
11
112
Mar
Apr
May
Jun
Jul
Mar
25
17
26
21
13
7
10
119
Apr
May
Jun
Jul
Aug
Aug
Sep
Sep
Oct
Oct
Nov
Nov
Dec
Dec
2015 Total Active Listings vs. Total Sales

120
100
80
60
40
Total Sales
20
Jan
Feb
Mar
Apr
May
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr
18
24
25
13
16
17
31
28
26
15
14
21
12
14
13
2
5
7
6
11
10
97 112 119
Total Sales
46
41
81
Sales/Listings Ratio 47.4% 36.6% 68.1%
Jun
May
Jul
Jun
Aug
Jul
Sep
Aug
Oct
Nov
Dec
Sep
Oct
Nov
Dec
Active Listings Year-to-Year by Map Area

2013
20
26
21
26
20
13
10
136
2014
36
41
29
23
17
10
15
171
2015
25
17
26
21
13
7
10
119
Active Listings Year-to-Year by Map Area: March

180
160
140
120

100

80
60

40
20
0
2013
2014
2015
2015 Months of Inventory by Map Area

12.0
10.0
8.0

6.0
4.0

2.0
-
Months of Inventory by Map Area

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

3.5
3.0
2.5
2.0
1.5
2013
2014
1.0
2015
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
Jul
May
2.0
2.5
Aug
Jun
1.8
2.1
Sep
Jul
1.9
2.0
Aug
2.0
2.3
Oct
Sep
2.0
2.2
Nov
Oct
2.2
1.8
Dec
Nov
2.8
2.1
Dec
1.6
1.2
Outlook for April

According to the MLS, residential real estate activity in Redondo Beach during March was reassuring as
several major data points ended in double digits. For example, total sales increased by more than 97%,
sales/listing ratio jumped 86.1%, and the median days to sell dropped by 14.7%. Even the market median
sales price jumped 8% or $67K from $810K in February to $875K in March. Thankfully this news is not
isolated to this highly coveted beach community, as C.A.R. recently reported similar trending behavior
throughout the state of California.
See http://www.car.org/newsstand/newsreleases/2015releases/march2015sales?view=Standard
Did you know that Propositions 58 & 193 offer unique tax savings advantages to qualified transfers of real
property?
See http://www.boe.ca.gov/proptaxes/faqs/propositions58.htm#1
Your recap
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Feb 2015
41
810,000
34
112
36.6%
2.7
Mar 2015
Delta (qty)
81
40
875,000
65,000
29
-5
119
7
68.1%
31.5%
1.5
-1.2
Delta (%)
97.6%
8.0%
-14.7%
6.3%
86.1%
-44.4%
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
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 - March 2015

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Redondo Beach Real Estate Market Conditions - March 2015

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Redondo Beach

Residential Real Estate

Key Statistics for March

About Hady Chahine

Key Statistics for March

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

N Redondo Beach/Villas North

S Redondo Beach W of PCH

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

Back to Table of Contents

Total Sales Year-to-Year by Map Area

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

N Redondo Beach/Villas North

S Redondo Beach W of PCH

S Redondo Beach S of Torrance Blvd

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 South

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

N Redondo Beach/El Nido

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: March

N Redondo Beach/Villas South

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

Market Median Sales Price

Back to Table of Contents

2015 Active Listings by Map Area

N Redondo Beach/Villas South

N Redondo Beach/Golden Hills

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: March

N Redondo Beach/Villas North

S Redondo Beach W of PCH

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

Total Active Listings

Back to Table of Contents

2015 Months of Inventory by Map Area

N Redondo Beach/Villas South

N Redondo Beach/Golden Hills

Months of Inventory by Map Area

2015 Months of Inventory Year-to-Year

Months of Inventory Year-to-Year

Outlook for April

Back to Table of Contents

Back to Table of Contents

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