November 2013 Redondo Beach Real Estate Market Trends Update

Redondo Beach
Residential Real Estate
Market Conditions
November 2013

Key Statistics for November
Sales
2013 Residential Sales Stats: Sep - Nov
Year-to-Year Total Sales by Map Area: Nov
Median
2013 Median Sales Stats: Sep - Nov
Year-to-Year Median Sales by Map Area: Nov

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: Nov

Inventory
2013 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Outlook for November

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

Key Statistics for November
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Inventory Turnover

Oct 2013

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

Nov 2012
70
657,750
53
162
2.3

68
747,500
36
150
45.3%
2.2

Nov 2013
Delta (qty)
51
-17
711,000
(36,500)
36
0
144
-6
35.4%
-9.9%
2.8
0.6

Nov 2013
51
711,000
36
144
2.8

Delta
-19
53,250
-17
-18
0.5

Delta (%)
-25.0%
-4.9%
0.0%
-4.0%
-21.9%
27.3%

Increase

Decrease

Delta
-27.1%
8.1%
-32.1%
-11.1%
21.7%

Increase

Decrease

= trending positive
= trending negative

Back to Table of Contents

= trending positive
= trending negative

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

Sep
16
15
23
11
8
3
6
82

Oct
20
12
14
9
7
4
2
68

Nov
14
10
8
9
5
4
1
51

2013 Residential Sales Statistics: Sep - Nov
25

20


15

10

5

0
Sep


Oct

Nov

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

2011
6
9
11
3
11
8
6
54

2012
15
10
15
11
11
4
4
70

2013
14
10
8
9
5
4
1
51

Total Sales by Map Area: Year-to-Year for November
16
14
12

10
8
6

4
2
0
2011


2012

2013

2013 Median Sale Price by Map Area
Market Median Sale Price

Sep
797,500
750,000
695,000
825,000
885,000
800,000
685,000
750,000

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

2013 Median Sale Price Statistics: Sep - Nov
1,000,000
900,000
800,000

700,000
600,000
500,000
400,000
300,000
200,000
100,000
Sep


Oct

Nov

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

2011
600,000
682,000
565,000
270,000
750,000
702,500
479,000
602,000

2012
650,000
659,500
560,000
375,000
790,000
774,250
640,000
657,750

2013
603,950
735,000
763,500
445,000
897,500
767,000
579,500
711,000

Median Sale Price by Map Area: Year-to-Year for November
900,000
800,000
700,000

600,000
500,000
400,000
300,000
200,000
100,000
2011


2012

2013

2013 Active Listings by Map Area
50
45
40
35
30

25


20


15


10


5
-

Jan

2013 Active Listings/Total Sales by Map Area

Jan

Total Active Listings

28
28
22
21
16
7
8
130


Feb

Mar

Apr

May

Jun

Jul

Feb

Mar

Apr

May

Jun

Jul

21
35
21
30
22
6
15
150

21
35
21
30
22
6
15
150

21
33
34
30
25
14
13
170

21
39
35
28
22
13
11
169

23
39
31
22
30
9
10
164

30
48
32
30
33
5
13
191

Aug

Sep

Oct

Nov

Dec

Aug

Sep

Oct

Nov

34
49
28
19
36
6
9
181

37
44
20
14
34
7
9
165

24
37
22
14
28
13
12
150

22
26
19
23
28
15
11
144

Dec

2013 Total Active Listings vs. Total Sales
200
180
160
140
120
100
80
Total Sales

60
40

20
Jan

Feb

Mar

Apr

May

Jun

Jul

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

28
21
21
21
21
23
30
34
37
24
22
28
35
35
33
39
39
48
49
44
37
26
22
21
21
34
35
31
32
28
20
22
19
21
30
30
30
28
22
30
19
14
14
23
16
22
22
25
22
30
33
36
34
28
28
7
6
6
14
13
9
5
6
7
13
15
8
15
15
13
11
10
13
9
9
12
11
130 150 150 170 169 164 191 181 165 150 144
Total Sales
47
50
70
74
86
89 100
89
82
68
51
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%

Dec

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

2011
42
37
40
30
23
16
18
206

2012
27
40
40
16
18
8
13
162

2013
22
26
19
23
28
15
11
144

Active Listings by Map Area: Year-to-Year for November
45
40
35

30
25
20
15
10
5
0
2011


2012

2013

25.0

20.0


15.0

10.0

5.0

Jan


Jan


2.8
3.5
1.4
21.0
2.7
1.2
4.0


Feb

Mar

Apr

May

Feb

Mar

Apr

May

1.8
5.8
2.1
6.0
3.7
1.0
3.0

1.8
3.4
1.5
1.4
1.8
3.3
2.0

1.2
3.3
2.6
3.0
5.0
1.3
1.6

1.2
3.3
1.9
2.2
1.6
1.2
11.0

Jun

Jun
2.3
3.3
1.4
1.7
2.7
0.7
1.4

Jul

Jul
1.6
3.2
1.2
1.5
3.0
5.0
1.6

Aug

Sep

Oct

Nov

Aug

Sep

Oct

Nov

2.0
3.5
1.4
1.9
2.8
0.6
1.8

2.3
2.9
0.9
1.3
4.3
2.3
1.5

1.2
3.1
1.6
1.6
4.0
3.3
6.0

1.6
2.6
2.4
2.6
5.6
3.8
11.0

Dec

Dec

Months of Inventory: Year-to-Year
7.0
6.0
5.0
4.0
2011
2012
2013

3.0
2.0
1.0
Jan

Feb

Mar

Apr

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

May

Jan
1.4
3.5
2.6

Jun

Feb
2.1
5.8
3.0

Jul

Mar
1.5
3.4
1.9

Aug

Apr
2.6
3.3
2.3

May
1.9
3.3
2.0

Sep

Jun
1.4
3.3
1.8

Oct

Jul
1.2
3.2
1.9

Aug
1.4
3.5
2.0

Nov

Sep
0.9
2.9
2.0

Dec

Oct
6.4
2.5
2.2

Nov
3.8
2.3
2.8

Dec
3.1
2.0
-

Outlook for December
Data results for the Redondo Beach residential real estate market for November relative to October
indicate trending behavior has declined. With exception to median days to sell, which produced a net zero
change, all other major indicators reveal activity is slowing. However, the holiday season is known to
adversely impact consumer interest in real estate so these figures are not surprising nor do they suggest
any reason to be concerned.
Looking forward, it is expected that December’s residential real estate stats will likely mirror November’s
with few, if any, exceptions. That stated, buyers remember the cost to borrower money remains at
historically low levels. And sellers, do not forget as the quantity of listings drop so does the impact of
competition.
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

Oct 2013
68
747,500
36
150
45.3%
2.2

Nov 2013
Delta (qty)
51
-17
711,000
(36,500)
36
0
144
-6
35.4%
-9.9%
2.8
0.6

Delta (%)
-25.0%
-4.9%
0.0%
-4.0%
-21.9%
27.3%

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

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 visitor’s 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.


November 2013 Redondo Beach Real Estate Market Trends Update

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November 2013 Redondo Beach Real Estate Market Trends Update