Redondo Beach Real Estate Market Conditions - September 2016

Redondo Beach
Residential Real Estate

Market Conditions
September 2016
Key Statistics for September

Sales
2016 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2016 Median Sales Stats
Year-to-Year Median Sales by Map Area
Table of
Contents
Listings
2016 Active Listings by Map Area
2016 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area
Inventory
2016 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary
About Hady Chahine

Contact Information
Key Statistics for September

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Aug 2016
82
963,000
33
173
47.4%
2.0
Sep 2016
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Sep 2015
Sep 2016
Back to Table of Contents
73
880,000
45
171
2.0
63
899,000
24
186
33.9%
3.0
63
899,000
24
186
3.0
Delta (qty)
-19
(64,000)
-9
13
-13.5%
1.0
Delta
-10
19,000
-21
15
1
Delta (%)
-23.2%
-6.6%
-27.3%
7.5%
-28.5%
50.0%
Increase
Decrease
Delta
-13.7%
2.2%
-46.7%
8.8%
50.0%
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
Jul
16
11
23
13
10
8
2
83
Aug
14
14
20
11
12
10
1
82
Sep
16
11
10
9
5
6
6
63
2016 Total Sales Month-to-Month by Map Area

90
80
70
Total Sales
60
50
40
30
20
10
Jul
Aug
Sep
Total Sales Year-to-Year by Map Area

Total Sales
2014
15
11
13
7
13
4
8
71
2015
14
10
18
8
13
7
3
73
2016
16
11
10
9
5
6
6
63
Total Sales Year-to-Year by Map Area: September

80
70
60

Total Sales
50
40
30
20
10
2014
2015
2016
Median Sales Price Month-to-Month by Map Area

Market Median Sales Price
Jul
800,500
1,085,000
920,000
926,250
917,000
1,026,508
1,137,500
920,000
Aug
942,000
882,033
858,000
1,105,000
1,072,500
1,037,500
816,000
963,000
Sep
807,500
671,000
792,500
1,080,000
1,040,000
993,500
871,000
899,000
2016 Median Sales Price Month-to-Month by Map Area

1,200,000
1,000,000

800,000
600,000
400,000
200,000
-
Jul
Aug
Sep
Median Sales Price Year-to-Year by Map Area

2014
2015
2016
949,000
749,375
807,500
620,000
758,750
671,000
619,000
728,750
792,500
815,000 1,294,000 1,080,000
888,000 1,043,000 1,040,000
869,500 1,020,000
993,500
603,000
870,000
871,000
780,000
880,000
899,000
Median Sales Price Year-to-Year by Map Area: September

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

800,000
600,000
400,000
200,000
2014
2015
2016
2016 Active Listings by Map Area

50
45
40
35
30
25
20
15
10
5
Jan
Active Listings vs. Total Sales by Map Area

Total Active Listings
Jan
9
25
20
16
16
10
2
98
Feb
Feb
18
31
23
17
12
15
116
Mar
Apr
May
Jun
Jul
Mar
18
22
28
24
13
14
4
123
Apr
14
28
25
26
13
12
4
122
May
21
30
21
25
19
12
7
135
Jun
29
40
40
25
23
11
6
174
Jul
26
38
29
24
20
15
6
158
Aug
Aug
47
30
34
18
25
12
7
173
Sep
Sep
39
28
41
21
29
19
9
186
Oct
Oct
Nov
Nov
Dec
Dec
2016 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
Aug
Sep
Oct
Nov
Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct
9
18
18
14
21
29
26
47
39
25
31
22
28
30
40
38
30
28
20
23
28
25
21
40
29
34
41
16
17
24
26
25
25
24
18
21
16
12
13
13
19
23
20
25
29
10
15
14
12
12
11
15
12
19
2
4
4
7
6
6
7
9
98 116 123 122 135 174 158 173 186
Total Sales
54
34
73
87
83
89
83
82
63
Sales/Listings Ratio 55.1% 29.3% 59.3% 71.3% 61.5% 51.1% 52.5% 47.4% 33.9%
Dec
Nov
Dec
Active Listings Year-to-Year by Map Area

2014
40
32
35
30
34
12
13
196
2015
35
33
34
14
27
15
13
171
2016
39
28
41
21
29
19
9
186
Active Listings Year-to-Year by Map Area: September

200
180
160
140

120
100
80

60
40
20
2014
2015
2016
2016 Months of Inventory by Map Area

16.0
14.0
12.0
10.0
8.0

6.0
4.0
2.0
Jan
Months of Inventory by Map Area

Jan
1.0
4.0
1.0
2.0
2.0
3.0
1.0
Feb
4.0
16.0
2.0
2.0
2.0
15.0
-
Feb
Mar
2.0
2.0
2.0
2.0
2.0
1.0
1.0
Mar
Apr
Apr
1.0
2.0
2.0
2.0
2.0
1.0
1.0
May
1.0
2.0
1.0
2.0
3.0
1.0
1.0
May
Jun
3.0
2.0
2.0
1.0
2.0
2.0
1.0
Jun
Jul
Jul
2.0
3.0
1.0
2.0
2.0
2.0
3.0
Aug
Aug
3.0
2.0
2.0
2.0
2.0
1.0
7.0
Sep
Sep
2.0
3.0
4.0
2.0
6.0
3.0
2.0
Oct
Nov
Oct
Nov
Dec
Dec
2016 Months of Inventory Year-to-Year

4.0
3.5
3.0
2.5
2.0
2014
2015
2016
1.5
1.0
0.5
Jan
Feb
Months of Inventory Year-to-Year

2014
2015
2016
Mar
Apr
Jan
3.0
2.0
2.0
Feb
4.0
3.0
3.0
May
Mar
2.0
2.0
2.0
Jun
Apr
2.0
2.0
1.0
Jul
May
3.0
2.0
2.0
Aug
Jun
3.0
2.0
2.0
Sep
Jul
2.0
2.0
2.0
Aug
3.0
2.0
2.0
Oct
Sep
3.0
2.0
3.0
Nov
Oct
2.0
2.0
Dec
Nov
2.0
3.0
Dec
1.0
1.0
Summary
Redondo Beach real estate investment in September produced mix results as total sales fell 23.2%, the median sale price declined
6.6%, and the sales-listing ratio contracted 28.5%. Metrics performing to the contrary included the median days to sell and net
listings, which improved 27.3% and 7.5% respectively speaking. Year-over-year months of inventory data point revealed a 50%
increase in 2016 compared to 2015.
In the news According to C.A.R., While demand remains strong for lower-priced homes, which are more inventory
constrained, sales of homes at the higher-end have slowed significantly, said C.A.R. Vice President and Chief Economist Leslie
Appleton-Young. http://www.car.org/newsstand/newsreleases/2016releases/september2016sales?view=Standard
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to
schedule a time to discuss how I can be of service to you.
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Aug 2016
82
963,000
33
173
47.4%
2.0
Sep 2016
Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory
Sep 2015
Sep 2016
73
880,000
45
171
2.0
63
899,000
24
186
33.9%
3.0
63
899,000
24
186
3.0
Delta (qty)
-19
(64,000)
-9
13
-13.5%
1.0
Delta
-10
19,000
-21
15
1
Delta (%)
-23.2%
-6.6%
-27.3%
7.5%
-28.5%
50.0%
Increase
Decrease
Delta
-13.7%
2.2%
-46.7%
8.8%
50.0%
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 September

About Hady Chahine

Key Statistics for September

Monthly Comparison Year-to-Year

Back to Table of Contents

Total Sales Month-to-Month by Map Area

2016 Total Sales Month-to-Month by Map Area

Back to Table of Contents

Total Sales Year-to-Year by Map Area

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

N Redondo Beach/Villas North

Back to Table of Contents

Median Sales Price Month-to-Month by Map Area

2016 Median Sales Price Month-to-Month by Map Area

N Redondo Beach/Villas North

Back to Table of Contents

Median Sales Price Year-to-Year by Map Area

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

N Redondo Beach/Villas North

S Redondo Beach W of PCH

Back to Table of Contents

2016 Active Listings by Map Area

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Active Listings vs. Total Sales by Map Area

Back to Table of Contents

2016 Total Active Listings vs. Total Sales

Active Listings vs. Total Sales by Map Area

Back to Table of Contents

Active Listings Year-to-Year by Map Area

Active Listings Year-to-Year by Map Area: September

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/El Nido

Total Active Listings

Back to Table of Contents

2016 Months of Inventory by Map Area

N Redondo Beach/Villas South

S Redondo Beach N of Torrance Blvd

N Redondo Beach/Golden Hills

N Redondo Beach/El Nido

Months of Inventory by Map Area

Back to Table of Contents

2016 Months of Inventory Year-to-Year

Months of Inventory Year-to-Year

Back to Table of Contents

Monthly Comparison Year-to-Year

Back to Table of Contents

Back to Table of Contents

Back to Table of Contents

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