January 2014 Redondo Beach Real Estate Market Trends Update

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

Back to Table of Contents

= trending positive
= trending negative

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

8

6

4

2

0
Jan


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

2014 Median Sale Price by Map Area
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

800,000

600,000

400,000

200,000

Jan


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

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


600,000


400,000


200,000

2012


2013

2014

2014 Active Listings by Map Area
30

25

20

15

10

5

Jan

2014 Active Listings/Total Sales by Map Area
Total Active Listings


Feb

Mar

Apr

Jan
27
20
30
13
16
8
11
125

Feb

Mar

Apr

May

May

Jun

Jun

Jul

Jul

Aug

Aug

Sep

Sep

Oct

Nov

Oct

Dec

Nov

Dec

2014 Total Active Listings vs. Total Sales
140
120

100
80

60
Total Sales

40

20
Jan

Feb

Mar

2014 Active Listings/Total Sales by Map Area
Jan
Feb
27
20
30
13
16
8
11
125
Total Sales
49
Sales/Listings Ratio 39.2%

Apr

Mar

May

Apr

Jun

May

Jul

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec

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

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

0
2012


2013

2014

6.0

5.0

4.0

3.0

2.0

1.0

Jan


Jan
3.4
2.9
2.7
1.4
4.0
1.0
5.5

Feb

Feb

Mar

Mar

Apr

Apr

May

May

Jun

Jun

Jul

Aug

Jul

Aug

Sep

Sep

Oct

Oct

Nov

Dec

Nov

Dec

Months of Inventory: Year-to-Year
6.0

5.0

4.0
2012
2013

3.0

2014
2.0

1.0

Jan

Feb

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


Mar

Apr

Jan
3.5
2.6
2.6

May

Feb
5.8
3.0

Mar
3.4
1.9

Jun

Apr
3.3
2.3

Jul

May
3.3
2.0

Aug

Jun
3.3
1.8

Sep

Jul
3.2
1.9

Aug
3.5
2.0

Oct

Sep
2.9
2.0

Nov

Oct
2.5
2.2

Dec

Nov
2.3
2.8

Dec
2.0
1.6

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…


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.


January 2014 Redondo Beach Real Estate Market Trends Update

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January 2014 Redondo Beach Real Estate Market Trends Update