Redondo Beach

Residential Real Estate

Market Conditions
July 2014
Table of
Contents
Key Statistics for July
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 August
About Hady Chahine
Contact Information
Key Statistics for July
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 64 90 26 40.6%
Median Sales Price 819,550 862,500 42,950 5.2%
Median Days to Sell 35 30 -5 -14.3%
Listings 134 177 43 32.1%
Sales/Listing Ratio 47.8% 50.8% 3.0% 6.3%
Months of Inventory 2.1 2.0 -0.1 -4.8%
Monthly Comparison Year-to-Year Jul 2013 Jul 2014 Delta Delta Increase Decrease
Total Sales 76 64 -12 -15.8%
Median Sales Price 752,500 862,500 110,000 14.6%
Median Days to Sell 32 30 -2 -6.3%
Listings 196 177 -19 -9.7%
Months of Inventory 1.9 2.0 0.1 5.3%
Back to Table of Contents
Total Sales Month-to-Month by Map Area May Jun Jul
N Redondo Beach/Villas North 10 16 10
S Redondo Beach W of PCH 10 0 22
N Redondo Beach/Villas South 12 10 24
S Redondo Beach S of Torrance Blvd 6 11 11
S Redondo Beach N of Torrance Blvd 10 13 11
N Redondo Beach/Golden Hills 10 11 10
N Redondo Beach/El Nido 7 3 2
Total Sales 65 64 90
0
10
20
30
40
50
60
70
80
90
May Jun Jul
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
Back to Table of Contents
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: July
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
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area May Jun Jul
N Redondo Beach/Villas North 700,500 732,250 640,000
S Redondo Beach W of PCH 621,000 - 945,000
N Redondo Beach/Villas South 754,000 808,500 730,000
S Redondo Beach S of Torrance Blvd 685,763 1,000,000 1,160,000
S Redondo Beach N of Torrance Blvd 739,000 875,000 889,000
N Redondo Beach/Golden Hills 783,900 749,000 883,000
N Redondo Beach/El Nido 598,000 590,000 874,500
Market Median Sales Price 710,000 819,550 862,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
May Jun Jul
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
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2012 2013 2014
N Redondo Beach/Villas North 717,675 605,000 640,000
S Redondo Beach W of PCH 620,000 925,000 945,000
N Redondo Beach/Villas South 632,000 687,000 730,000
S Redondo Beach S of Torrance Blvd 725,000 820,750 1,160,000
S Redondo Beach N of Torrance Blvd 765,750 885,000 889,000
N Redondo Beach/Golden Hills 660,000 790,000 883,000
N Redondo Beach/El Nido 504,500 557,500 874,500
Market Median Sales Price 677,500 752,500 862,500
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: July
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
Back to Table of Contents
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 33
S Redondo Beach W of PCH 20 29 37 35 40 - 38
N Redondo Beach/Villas South 30 29 24 23 27 33 34
S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27
S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24
N Redondo Beach/Golden Hills 8 10 9 12 10 10 9
N Redondo Beach/El Nido 11 14 12 10 9 8 12
Total Active Listings 125 142 148 149 164 134 177
-
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
Back to Table of Contents
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 33
S Redondo Beach W of PCH 20 29 37 35 40 - 38
N Redondo Beach/Villas South 30 29 24 23 27 33 34
S Redondo Beach S of Torrance Blvd 13 19 19 19 24 31 27
S Redondo Beach N of Torrance Blvd 16 15 16 15 21 23 24
N Redondo Beach/Golden Hills 8 10 9 12 10 10 9
N Redondo Beach/El Nido 11 14 12 10 9 8 12
Total Active Listings 125 142 148 149 164 134 177
Total Sales 49 44 79 75 65 64 90
Sales/Listings Ratio 39.2% 31.0% 53.4% 50.3% 39.6% 47.8% 50.8%
-
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
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2012 2013 2014
N Redondo Beach/Villas North 48 29 33
S Redondo Beach W of PCH 48 47 38
N Redondo Beach/Villas South 51 33 34
S Redondo Beach S of Torrance Blvd 37 32 27
S Redondo Beach N of Torrance Blvd 33 37 24
N Redondo Beach/Golden Hills 13 5 9
N Redondo Beach/El Nido 17 13 12
Total Active Listings 247 196 177
0
50
100
150
200
250
2012 2013 2014
Active Listings Year-to-Year by Map Area: July
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
Back to Table of Contents
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 3.3
S Redondo Beach W of PCH 2.9 5.8 5.3 3.5 4.0 - 1.7
N Redondo Beach/Villas South 2.7 2.4 1.2 1.3 2.3 3.3 1.4
S Redondo Beach S of Torrance Blvd 1.4 2.7 3.8 1.9 4.0 2.8 2.5
S Redondo Beach N of Torrance Blvd 4.0 1.3 1.3 1.9 2.1 1.8 2.2
N Redondo Beach/Golden Hills 1.0 - 0.8 2.0 1.0 0.9 0.9
N Redondo Beach/El Nido 5.5 7.0 3.0 1.7 1.3 2.7 6.0
-
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
Back to Table of Contents
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 2.0
-
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 August
In summary, real estate activity in Redondo Beach during the month of July was positive according to
major performance indicators. For example, total sales were up by 40.6%, the median sales price
increased $42,960, the median days to sell dropped by 14.3%, listings jumped by 32.1%, the sales/listing
ratio improved by 6.3%, and the months of inventory decreased by 4.8%.

What do I expect for August? you ask. Based on the aforementioned and the fact that mortgage money
remains historically inexpensive I anticipate we will see similar statistics once August comes to an end.
Home owners contemplating listing their property for sale should act quickly as summer is coming an
end. Of course, for questions or representation I am available to act on your behalf. Buyers shopping
the market, you should contact me ASAP so we can get you pre-qualified to make an offer to purchase to
secure the property of your dreams before it is too late.

Your recap

Back to Table of Contents
Month-to-Month Comparison Jun 2014 Jul 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 64 90 26 40.6%
Median Sales Price 819,550 862,500 42,950 5.2%
Median Days to Sell 35 30 -5 -14.3%
Listings 134 177 43 32.1%
Sales/Listing Ratio 47.8% 50.8% 3.0% 6.3%
Months of Inventory 2.1 2.0 -0.1 -4.8%
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

Back to Table of Contents
About
Hady Chahine
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.
Back to Table of Contents
Listings MLS BLOG Website