Redondo Beach

Residential Real Estate

Market Conditions
June 2014
Table of
Contents
Key Statistics for June
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

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 July
About Hady Chahine
Contact Information
Key Statistics for June
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 65 64 -1 -1.5%
Median Sales Price 710,000 819,550 109,550 15.4%
Median Days to Sell 34 35 1 2.9%
Listings 164 134 -30 -18.3%
Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7%
Months of Inventory 2.5 2.1 -0.4 -16.0%
Monthly Comparison Year-to-Year Jun 2013 Jun 2014 Delta Delta Increase Decrease
Total Sales 76 64 -12 -15.8%
Median Sales Price 785,000 819,550 34,550 4.4%
Median Days to Sell 29 35 6 20.7%
Listings 129 134 5 3.9%
Months of Inventory 1.8 2.1 0.3 16.7%
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Total Sales Month-to-Month by Map Area Apr May Jun
N Redondo Beach/Villas North 17 10 16
S Redondo Beach W of PCH 10 10 0
N Redondo Beach/Villas South 18 12 10
S Redondo Beach S of Torrance Blvd 10 6 11
S Redondo Beach N of Torrance Blvd 8 10 13
N Redondo Beach/Golden Hills 6 10 11
N Redondo Beach/El Nido 6 7 3
Total Sales 75 65 64
0
10
20
30
40
50
60
70
80
Apr May Jun
2014 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
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Total Sales Year-to-Year by Map Area 2012 2013 2014
N Redondo Beach/Villas North 23 10 16
S Redondo Beach W of PCH 0 0 0
N Redondo Beach/Villas South 21 23 10
S Redondo Beach S of Torrance Blvd 9 12 11
S Redondo Beach N of Torrance Blvd 11 11 13
N Redondo Beach/Golden Hills 8 13 11
N Redondo Beach/El Nido 1 7 3
Total Sales 73 76 64
0
10
20
30
40
50
60
70
80
2012 2013 2014
Total Sales Year-to-Year by Map Area: June
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
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Median Sales Price Month-to-Month by Map Area Apr May Jun
N Redondo Beach/Villas North 712,000 700,500 732,250
S Redondo Beach W of PCH 561,500 621,000 -
N Redondo Beach/Villas South 761,000 754,000 808,500
S Redondo Beach S of Torrance Blvd 777,500 685,763 1,000,000
S Redondo Beach N of Torrance Blvd 890,000 739,000 875,000
N Redondo Beach/Golden Hills 845,000 783,900 749,000
N Redondo Beach/El Nido 532,500 598,000 590,000
Market Median Sales Price 724,000 710,000 819,550
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Apr May Jun
2014 Median Sales Price 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
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2012 2013 2014
N Redondo Beach/Villas North 600,000 673,500 732,250
S Redondo Beach W of PCH - - -
N Redondo Beach/Villas South 654,000 790,000 808,500
S Redondo Beach S of Torrance Blvd 740,000 877,000 1,000,000
S Redondo Beach N of Torrance Blvd 840,000 860,000 875,000
N Redondo Beach/Golden Hills 695,444 798,000 749,000
N Redondo Beach/El Nido 600,000 609,000 590,000
Market Median Sales Price 649,900 785,000 819,550
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: June
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 Sales Price
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 27 26 31 35 33 29
S Redondo Beach W of PCH 20 29 37 35 40 -
N Redondo Beach/Villas South 30 29 24 23 27 33
S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31
S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23
N Redondo Beach/Golden Hills 8 10 9 12 10 10
N Redondo Beach/El Nido 11 14 12 10 9 8
Total Active Listings 125 142 148 149 164 134
-
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Active Listings 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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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 27 26 31 35 33 29
S Redondo Beach W of PCH 20 29 37 35 40 -
N Redondo Beach/Villas South 30 29 24 23 27 33
S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31
S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23
N Redondo Beach/Golden Hills 8 10 9 12 10 10
N Redondo Beach/El Nido 11 14 12 10 9 8
Total Active Listings 125 142 148 149 164 134
Total Sales 49 44 79 75 65 64
Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8%
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20
40
60
80
100
120
140
160
180
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2012 2013 2014
N Redondo Beach/Villas North 47 23 29
S Redondo Beach W of PCH 0 0 0
N Redondo Beach/Villas South 47 31 33
S Redondo Beach S of Torrance Blvd 38 24 31
S Redondo Beach N of Torrance Blvd 30 32 23
N Redondo Beach/Golden Hills 19 9 10
N Redondo Beach/El Nido 16 10 8
Total Active Listings 197 129 134
0
20
40
60
80
100
120
140
160
180
200
2012 2013 2014
Active Listings Year-to-Year by Map Area: June
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
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Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 3.4 4.3 1.6 2.1 3.3 1.8
S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 -
N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3
S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8
S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8
N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9
N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
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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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 3.5 5.8 3.4 3.3 3.3 3.3 3.2 3.5 2.9 2.5 2.3 2.0
2013 2.6 3.0 1.9 2.3 2.0 1.8 1.9 2.0 2.0 2.2 2.8 1.6
2014 2.6 3.2 1.9 2.0 2.5 2.1
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1.0
2.0
3.0
4.0
5.0
6.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Months of Inventory Year-to-Year
2012
2013
2014
Outlook for July
The Redondo Beach real estate market recorded promising stats for the month of June as evidence of
the 15.4% increase in the median sales price, a 20.7% jump in the sales/ listing ratio, and a 16% drop in
the months of inventory. Although total sales, median days to sell, and active listings trended slightly
negative the numbers from a month-to-month perspective were marginal at best, especially when
compared to the $109,550 bump in the median sales price.

What is my forecast for July? you ask. Considering the aforementioned, including all graphical data
contained herein, I suspect buyer and seller interest and activity to remain quite aggressive, if not
improve. After all mortgage money is extremely cheap, relatively speaking, so it would be
counterintuitive to assume a contrary outcome. That said, are you ready to list your property? How
about buy a new home? If yes, please get in contact with me today so together we can design a custom
strategy to achieve your objective. I look forward to speaking with you soon!

Your recap
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Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 65 64 -1 -1.5%
Median Sales Price 710,000 819,550 109,550 15.4%
Median Days to Sell 34 35 1 2.9%
Listings 164 134 -30 -18.3%
Sales/Listing Ratio 39.6% 47.8% 8.2% 20.7%
Months of Inventory 2.5 2.1 -0.4 -16.0%
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

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About
Hady Chahine
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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.
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