Redondo Beach Real Estate Market Conditions - December 2015

Redondo Beach
Residential Real Estate

Market Conditions
December 2015
Key Statistics for December

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
Summary
About Hady Chahine

Contact Information
Key Statistics for December

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Nov 2015
42
830,500
34
134
31.3%
3.0
Dec 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Dec 2014
Dec 2015
Back to Table of Contents
73
760,000
51
100
1.2
69
832,500
40
94
73.4%
1.0
69
832,500
40
94
1.0
Delta (qty)
27
2,000
6
-40
42.1%
-2.0
Delta
-4
72,500
-11
-6
-0.2
Delta (%)
64.3%
0.2%
17.6%
-29.9%
134.5%
-66.7%
Increase
Decrease
Delta
-5.5%
9.5%
-21.6%
-6.0%
-16.7%
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
Oct
17
10
19
14
12
9
2
83
Nov
11
8
9
4
4
5
1
42
Dec
16
3
17
8
10
9
6
69
2015 Total Sales Month-to-Month by Map Area

90
80
70
60

50

40

30

20
Total Sales
10
Oct
Nov
Dec
Total Sales Year-to-Year by Map Area

Total Sales
2013
17
12
13
6
9
8
4
69
2014
14
8
14
8
21
5
3
73
2015
16
3
17
8
10
9
6
69
Total Sales Year-to-Year by Map Area: December

80
70
60
50
40

30

20

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

Market Median Sales Price
Oct
730,000
778,000
855,000
938,000
896,000
940,000
707,500
850,000
Nov
850,000
682,000
930,000
922,000
1,215,000
811,000
621,000
830,500
Dec
789,500
850,000
860,000
974,750
875,000
938,000
736,000
832,500
2015 Median Sales Price Month-to-Month by Map Area

1,400,000
1,200,000
1,000,000

800,000

600,000

400,000
200,000
Oct
Nov
Dec
Median Sales Price Year-to-Year by Map Area

2013
690,000
815,000
660,000
798,750
917,500
785,250
780,000
775,000
2014
712,500
957,000
650,000
792,813
860,000
765,000
750,000
760,000
2015
789,500
850,000
860,000
974,750
875,000
938,000
736,000
832,500
Median Sales Price Year-to-Year by Map Area: December

1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
2013
2014
2015
2015 Active Listings by Map Area

40
35
30

25
20
15
10

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
24
23
31
21
30
16
11
156
May
38
21
29
21
29
18
8
164
Jun
32
21
33
20
17
13
5
141
Jul
31
25
30
25
19
12
5
147
Aug
Aug
28
19
28
23
23
10
6
137
Sep
Sep
31
26
33
19
24
12
10
155
Oct
Oct
25
30
24
17
23
19
11
149
Nov
Dec
Nov
19
32
26
21
19
9
8
134
Dec
9
23
20
18
14
7
3
94
2015 Total Active Listings vs. Total Sales

180
160
140
120
100
80
60
Total Sales
40
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov Dec
18
24
25
24
38
32
31
28
31
25
19
9
13
16
17
23
21
21
25
19
26
30
32
23
31
28
26
31
29
33
30
28
33
24
26
20
15
14
21
21
21
20
25
23
19
17
21
18
12
14
13
30
29
17
19
23
24
23
19
14
2
5
7
16
18
13
12
10
12
19
9
7
6
11
10
11
8
5
5
6
10
11
8
3
97 112 119 156 164 141 147 137 155 149 134
94
Total Sales
46
41
81
79
89
90
99
75
73
83
42
69
Sales/Listings Ratio 47.4% 36.6% 68.1% 50.6% 54.3% 63.8% 67.3% 54.7% 47.1% 55.7% 31.3% 73.4%
Active Listings Year-to-Year by Map Area

2013
25
23
20
17
27
11
10
133
2014
21
12
26
19
12
5
5
100
2015
9
23
20
18
14
7
3
94
Active Listings Year-to-Year by Map Area: December

140
120
100
80
60

40

20
2013
2014
2015
2015 Months of Inventory by Map Area

12.0
10.0
8.0
6.0

4.0

2.0

Jan
Months of Inventory by Map Area

Jan
1.4
2.2
5.2
1.9
2.0
0.3
6.0
Feb
4.8
4.0
1.8
2.0
2.8
1.7
11.0
Feb
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
1.9
1.5
1.5
1.3
4.1
2.6
1.6
Jun
Jun
2.0
2.0
2.0
2.0
2.0
1.0
1.0
Jul
Jul
1.0
2.0
2.0
3.0
1.0
1.0
1.0
Aug
Sep
Aug
2.0
1.0
2.0
3.0
2.0
1.0
3.0
Sep
2.0
3.0
2.0
2.0
2.0
2.0
3.0
Oct
Oct
1.0
3.0
1.0
1.0
2.0
2.0
6.0
Nov
Nov
2.0
4.0
3.0
5.0
5.0
2.0
8.0
Dec
Dec
1.0
8.0
1.0
2.0
1.0
1.0
1.0
2015 Months of Inventory Year-to-Year

3.5
3.0
2.5
2.0
1.5
1.0
2013
2014
2015
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
1.8
Aug
Jun
1.8
2.1
2.0
Sep
Jul
1.9
2.0
1.0
Aug
2.0
2.3
2.0
Oct
Sep
2.0
2.2
2.0
Nov
Oct
2.2
1.8
2.0
Dec
Nov
2.8
2.1
3.0
Dec
1.6
1.2
1.0
Summary
Total closed escrows for Redondo Beach residential properties increased 64.3% month-over-month to end 2015. Other positive
metrics include median sales price (+0.2%) and sales-listing ratio (134.5%). The flip-side to this coin is that median days to sell and
total net listings produced less favorable numbers, or +17.6% and -29.9% respectively speaking. The median sales price year-overyear metric improved 9.5% or $72.5K for properties located in this highly coveted beach community.
In the news According to C.A.R., For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in
California, up 6.4 percent from a revised 382,720 in 2014.
http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard
Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a
realtor it doesnt cost you more to work with the best.
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Nov 2015
42
830,500
34
134
31.3%
3.0
Dec 2015
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Dec 2014
Dec 2015
73
760,000
51
100
1.2
69
832,500
40
94
73.4%
1.0
69
832,500
40
94
1.0
Delta (qty)
27
2,000
6
-40
42.1%
-2.0
Delta
-4
72,500
-11
-6
-0.2
Delta (%)
64.3%
0.2%
17.6%
-29.9%
134.5%
-66.7%
Increase
Decrease
Delta
-5.5%
9.5%
-21.6%
-6.0%
-16.7%
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
Hady Chahine
hady@hadychahine.com
310-404-5361
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.

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Redondo Beach

Residential Real Estate

Key Statistics for December

About Hady Chahine

Key Statistics for December

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

N Redondo Beach/Villas South

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: December

S Redondo Beach W of PCH

N Redondo Beach/Villas South

S Redondo Beach S of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

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

N Redondo Beach/Villas South

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: December

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

Back to Table of Contents

2015 Active Listings by Map Area

S Redondo Beach N of Torrance Blvd

N Redondo Beach/El Nido

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: December

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

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