Redondo Beach Real Estate Market Conditions - April 2015

Redondo Beach
Residential Real Estate

Market Conditions
April 2015
Key Statistics for April

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 May
About Hady Chahine

Contact Information
Key Statistics for April

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Mar 2015
81
875,000
29
119
68.1%
1.5
Apr 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Apr 2014
Apr 2015
Back to Table of Contents
78
724,500
28
173
2.0
79
842,000
21
156
50.6%
2
79
842,000
21
156
2.0
Delta (qty)
-2
(33,000)
-8
37
-17.5%
0.5
Delta
1
117,500
-7
-17
0
Delta (%)
-2.5%
-3.8%
-27.6%
31.1%
-25.7%
33.3%
Increase
Decrease
Delta
1.3%
16.2%
-25.0%
-9.8%
0.0%
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
Feb
5
4
16
7
5
3
1
41
Mar
18
10
24
9
9
6
5
81
Apr
15
13
16
9
11
7
8
79
2015 Total Sales Month-to-Month by Map Area

90
80
70
60

Total Sales
50
40
30
20
10
0
Feb
Mar
Apr
Total Sales Year-to-Year by Map Area

Total Sales
2013
17
10
13
10
5
11
8
74
2014
18
10
18
11
9
6
6
78
2015
15
13
16
9
11
7
8
79
Total Sales Year-to-Year by Map Area: April

80
70
60
Total Sales
50
40
30
20
10
0
2013
2014
2015
Median Sales Price Month-to-Month by Map Area

Market Median Sales Price
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
Apr
710,000
730,000
837,500
958,000
1,200,000
920,000
791,000
842,000
2015 Median Sales Price Month-to-Month by Map Area

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

600,000
400,000
200,000
Feb
Mar
Apr
Median Sales Price Year-to-Year by Map Area

2013
692,000
711,250
560,000
744,000
685,000
783,000
641,500
697,500
2014
721,000
561,500
761,000
725,000
770,000
845,000
532,500
724,500
2015
710,000
730,000
837,500
958,000
1,200,000
920,000
791,000
842,000
Median Sales Price Year-to-Year by Map Area: April

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
-
Active Listings vs. Total Sales by Map Area

Total Active Listings
Jan
Feb
Mar
Apr
May
Jan
18
13
31
15
12
2
6
97
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
Jun
Jun
Jul
Jul
Aug
Aug
Sep
Sep
Oct
Oct
Nov
Nov
Dec
Dec
2015 Total Active Listings vs. Total Sales

160
140
120
100
80
Total Sales
60
40
20
Jan
Feb
Mar
Apr
May
Jun
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May
18
24
25
24
13
16
17
23
31
28
26
31
15
14
21
21
12
14
13
30
2
5
7
16
6
11
10
11
97 112 119 156
Total Sales
46
41
81
79
Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6%
Jul
Jun
Aug
Sep
Oct
Jul
Aug
Sep
Nov
Oct
Dec
Nov
Dec
Active Listings Year-to-Year by Map Area

2013
21
32
34
29
27
14
13
170
2014
37
41
27
24
18
14
12
173
2015
24
23
31
21
30
16
11
156
Active Listings Year-to-Year by Map Area: April

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
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
Mar
Apr
1.6
1.8
1.9
2.3
2.7
2.3
1.4
Apr
May
May
Jun
Jun
Jul
Jul
Aug
Aug
Sep
Oct
Sep
Oct
Nov
Nov
Dec
Dec
2015 Months of Inventory Year-to-Year

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

2013
2014
2015
Mar
Apr
Jan
2.6
2.6
2.1
May
Feb
3.0
3.2
2.7
Mar
1.9
1.9
1.5
Jun
Apr
2.3
2.0
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 May

The Redondo Beach real estate market remains HOT! - despite a few month-over-month data points that
deviated downward in April. While total sales held strong at 79, the market showed support for the median
sales price by limiting the drop to $33K or 3.8%. On a brighter note, the median days to sell fell by 27.6% and
total listings increased by 31.1%!
In the news
C.A.R. reports a 33% bump in homebuyers purchasing median-priced, existing single-family home in
California year-over-year.
See: http://www.car.org/newsstand/newsreleases/2015releases/1qtrhousingaff?view=Standard
According to Zillow, the median home valuation for this cozy beach community grew by 4.4% over the past
year and expectations remain positive growth will continue into 2016.
See: http://www.zillow.com/redondo-beach-ca/home-values/
Your recap
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Mar 2015
81
875,000
29
119
68.1%
1.5
Apr 2015
79
842,000
21
156
50.6%
2
Delta (qty)
-2
(33,000)
-8
37
-17.5%
0.5
Delta (%)
-2.5%
-3.8%
-27.6%
31.1%
-25.7%
33.3%
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 - April 2015

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Redondo Beach Real Estate Market Conditions - April 2015

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Redondo Beach

Residential Real Estate

Key Statistics for April

About Hady Chahine

Key Statistics for April

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

Back to Table of Contents

Total Sales Year-to-Year by Map Area

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

Back to Table of Contents

Median Sales Price Month-to-Month by Map Area

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

S Redondo Beach W of PCH

Back to Table of Contents

Median Sales Price Year-to-Year by Map Area

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

S Redondo Beach W of PCH

S Redondo Beach S of Torrance Blvd

N Redondo Beach/El Nido

Back to Table of Contents

2015 Active Listings by Map Area

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: April

S Redondo Beach W of PCH

S Redondo Beach S of Torrance Blvd

S Redondo Beach N of Torrance Blvd

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

2015 Months of Inventory Year-to-Year

Months of Inventory Year-to-Year

Outlook for May

Back to Table of Contents

Back to Table of Contents

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