Redondo Beach Real Estate Market Conditions - November 2013

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Redondo BeachResidential Real Estate

Market ConditionsNovember 2013


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Table ofContents

Key Statistics for November

Sales

2013 Residential Sales Stats: Sep - Nov

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

Median

2013 Median Sales Stats: Sep - Nov

Year-to-Year Median Sales by Map Area: Nov

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

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

Inventory

2013 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for November

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 68 51 -17 -25.0%

Median Sales Price 747,500 711,000 (36,500) -4.9%

Median Days to Sell 36 36 0 0.0%

Listings 150 144 -6 -4.0%

Sales/Listing Ratio 45.3% 35.4% -9.9% -21.9%

Inventory Turnover 2.2 2.8 0.6 27.3%

Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase Decrease

Total Sales 70 51 -19 -27.1%

Median Sales Price 657,750 711,000 53,250 8.1%

Median Days to Sell 53 36 -17 -32.1%

Listings 162 144 -18 -11.1%



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0

5

10

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20

25

Sep Oct Nov

2013 Residential Sales Statistics: Sep - Nov

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

2013 Residential Sales by Map Area Sep Oct Nov

N Redondo Beach/Villas North 16 20 14

S Redondo Beach W of PCH 15 12 10

N Redondo Beach/Villas South 23 14 8

S Redondo Beach S of Torrance Blvd 11 9 9

S Redondo Beach N of Torrance Blvd 8 7 5

N Redondo Beach/Golden Hills 3 4 4

N Redondo Beach/El Nido 6 2 1

Total Sales 82 68 51


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0

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2011 2012 2013

Total Sales by Map Area: Year-to-Year for November





S Redondo Beach N of Torrance BlvdN Redondo Beach/Golden Hills


Sales by Map Area: Year-to-Year for November 2011 2012 2013







NRedondo Beach/El Nido 6 4 1

Total Sales 54 70 51


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100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Sep Oct Nov

2013 Median Sale Price Statistics: Sep - Nov








Market Median Sale Price

2013 Median Sale Price by Map Area Sep Oct Nov

N Redondo Beach/Villas North 797,500 647,500 603,950

S Redondo Beach W of PCH 750,000 757,500 735,000

N Redondo Beach/Villas South 695,000 737,500 763,500

S Redondo Beach S of Torrance Blvd 825,000 745,000 445,000

S Redondo Beach N of Torrance Blvd 885,000 930,000 897,500

N Redondo Beach/Golden Hills 800,000 800,000 767,000

NRedondo Beach/El Nido 685,000 710,000 579,500

Market Median Sale Price 750,000 747,500 711,000


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100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

2011 2012 2013

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






N Redondo Beach/Golden HillsN Redondo Beach/El Nido

Market Median Sale Price

Median Sale Price by Map Area: Year-to-Year for November 2011 2012 2013

N Redondo Beach/Villas North 600,000 650,000 603,950

S Redondo Beach W of PCH 682,000 659,500 735,000

N Redondo Beach/Villas South 565,000 560,000 763,500

S Redondo Beach S of Torrance Blvd 270,000 375,000 445,000

S Redondo Beach N of Torrance Blvd 750,000 790,000 897,500

N Redondo Beach/Golden Hills 702,500 774,250 767,000

NRedondo Beach/El Nido 479,000 640,000 579,500

Market Median Sale Price 602,000 657,750 711,000



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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings by Map Area








2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24 22

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26

N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15

NRedondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12 11

Total Active Listings 130 150 150 170 169 164 191 181 165 150 144



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2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales

2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 24 22

S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 37 26N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 22 19

S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 14 23

S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 28 28

N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 13 15

N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 12 11

Total Active Listings 130 150 150 170 169 164 191 181 165 150 144

Total Sales 47 50 70 74 86 89 100 89 82 68 51

Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7% 45.3% 35.4%



Active Listings by Map Area: Year-to-Year for November 2011 2012 2013







NRedondo Beach/El Nido 18 13 11

Total Active Listings 206 162 144

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2011 2012 2013

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






N Redondo Beach/Golden HillsN Redondo Beach/El Nido



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5.0

10.0

15.0

20.0

25.0


2013 Months of Inventory by Map Area








2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North 2.8 1.8 1.8 1.2 1.2 2.3 1.6 2.0 2.3 1.2 1.6

S Redondo Beach W of PCH 3.5 5.8 3.4 3.3 3.3 3.3 3.2 3.5 2.9 3.1 2.6

N Redondo Beach/Villas South 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 1.6 2.4

S Redondo Beach S of Torrance Blvd 21.0 6.0 1.4 3.0 2.2 1.7 1.5 1.9 1.3 1.6 2.6

S Redondo Beach N of Torrance Blvd 2.7 3.7 1.8 5.0 1.6 2.7 3.0 2.8 4.3 4.0 5.6

NRedondo Beach/Golden Hills 1.2 1.0 3.3 1.3 1.2 0.7 5.0 0.6 2.3 3.3 3.8

N Redondo Beach/El Nido 4.0 3.0 2.0 1.6 11.0 1.4 1.6 1.8 1.5 6.0 11.0



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Months of Inventory: Year-to-Year

2011

2012

2013

Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2011 1.4 2.1 1.5 2.6 1.9 1.4 1.2 1.4 0.9 6.4 3.8 3.1

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 -


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Outlook for DecemberData results for the Redondo Beach residential real estate market for November relative to October

indicate trending behavior has declined. With exception to median days to sell, which produced a net zero

change, all other major indicators reveal activity is slowing. However, the holiday season is known to

adversely impact consumer interest in real estate so these figures are not surprising nor do they suggest

any reason to be concerned.

Looking forward, it is expected that Decembers residential real estate stats will likely mirror Novembers

with few, if any, exceptions. That stated, buyers remember the cost to borrower money remains at

historically low levels. And sellers, do not forget as the quantity of listings drop so does the impact of

competition.

With this in mind, the recap is


Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 68 51 -17 -25.0%

Median Sales Price 747,500 711,000 (36,500) -4.9%

Median Days to Sell 36 36 0 0.0%

Listings 150 144 -6 -4.0%

Sales/Listing Ratio 45.3% 35.4% -9.9% -21.9%



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About the Mother & Son

South Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California2012

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



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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.

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/

Hady Chahine [email protected] 310-404-5361

Hassana Chahine [email protected]

310-756-8949

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Redondo Beach Real Estate Market Conditions - November 2013

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