Redondo Beach Real Estate Market Conditions - July 2017

Redondo Beach
Residential Real Estate

Market Conditions
July 2017
Key Statistics for July
Sales
2017 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2017 Median Sales Stats
Year-to-Year Median Sales by Map Area
Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales
Contents Year-to-Year Active Listings by Map Area
Inventory
2017 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary
About Hady Chahine
Contact Information
Key Statistics for July
Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 92 80 -12 -13.0%
Median Sales Price 956,325 994,500 38,175 4.0%
Median Days to Sell 9 8 -1 -11.1%
Listings 146 135 -11 -7.5%
Sales/Listing Ratio 63.0% 59.3% -3.7% -5.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 83 80 -3 -3.6%
Listings 146 135 -11 -7.5%
Months of Inventory 2.0 2.0 0 0.0%
= trending positive = trending positive

= trending negative = trending negative
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Total Sales Month-to-Month by Map Area May Jun Jul
N Redondo Beach/Villas North 21 13 14
S Redondo Beach W of PCH 8 17 6
N Redondo Beach/Villas South 15 22 29
S Redondo Beach S of Torrance Blvd 10 12 10
S Redondo Beach N of Torrance Blvd 10 10 11
N Redondo Beach/Golden Hills 5 13 4
N Redondo Beach/El Nido 8 5 6
Total Sales 77 92 80
2017 Total Sales Month-to-Month by Map Area
100
90
80
70 N Redondo Beach/Villas North
S Redondo Beach W of PCH
60
N Redondo Beach/Villas South
50 S Redondo Beach S of Torrance Blvd
40 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
30
N Redondo Beach/El Nido
20 Total Sales
10
-
May Jun Jul

Total Sales Year-to-Year by Map Area 2015 2016 2017
Total Sales 99 83 80
Total Sales Year-to-Year by Map Area: July
100
90
80
70 N Redondo Beach/Villas North

60
50 S Redondo Beach S of Torrance Blvd
30
20 Total Sales
10
-
2015 2016 2017

Median Sales Price Month-to-Month by Map Area May Jun Jul
N Redondo Beach/Villas North 1,020,000 950,000 907,500
S Redondo Beach W of PCH 1,678,500 987,000 935,000
N Redondo Beach/Villas South 985,000 871,000 1,000,000
S Redondo Beach S of Torrance Blvd 1,190,000 926,000 1,207,500
S Redondo Beach N of Torrance Blvd 1,162,500 1,087,500 1,235,000
N Redondo Beach/Golden Hills 1,080,000 1,090,000 1,112,500
N Redondo Beach/El Nido 777,500 770,000 798,500
Market Median Sales Price 1,070,000 956,325 994,500
2017 Median Sales Price Month-to-Month by Map Area
1,800,000
1,600,000
1,400,000
N Redondo Beach/Villas North
1,200,000
1,000,000 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
800,000
S Redondo Beach N of Torrance Blvd
600,000 N Redondo Beach/Golden Hills
400,000 N Redondo Beach/El Nido
Market Median Sales Price
200,000
-
May Jun Jul

Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 826,500 800,500 907,500
S Redondo Beach W of PCH 770,000 1,085,000 935,000
N Redondo Beach/Villas South 882,500 920,000 1,000,000
S Redondo Beach S of Torrance Blvd 975,000 926,250 1,207,500
S Redondo Beach N of Torrance Blvd 1,054,000 917,000 1,235,000
N Redondo Beach/Golden Hills 907,500 1,026,508 1,112,500
N Redondo Beach/El Nido 817,000 1,137,500 798,500
Market Median Sales Price 876,000 920,000 994,500
Median Sales Price Year-to-Year by Map Area: July
1,400,000
1,200,000
1,000,000
800,000
600,000 S Redondo Beach N of Torrance Blvd
400,000 N Redondo Beach/El Nido
Market Median Sales Price
200,000
-
2015 2016 2017

2017 Active Listings by Map Area
30
25
N Redondo Beach/Villas North 20

N Redondo Beach/Villas South 15
10
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills 5
-
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
N Redondo Beach/Villas North 27 20 21 22 19 27 27
S Redondo Beach W of PCH 19 19 20 27 20 25 26
N Redondo Beach/Villas South 27 14 26 27 23 20 16
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17
N Redondo Beach/Golden Hills 14 9 11 14 8 13 14
N Redondo Beach/El Nido 5 5 10 11 11 11 11
Total Active Listings 134 99 124 143 120 146 135

2017 Total Active Listings vs. Total Sales
160
140
120
100
80
60
Total Active Listings
40
Total Sales
20
-
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 20 21 22 19 27 27
S Redondo Beach W of PCH 19 19 20 27 20 25 26
N Redondo Beach/Villas South 27 14 26 27 23 20 16
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17
N Redondo Beach/Golden Hills 14 9 11 14 8 13 14
N Redondo Beach/El Nido 5 5 10 11 11 11 11
Total Active Listings 134 99 124 143 120 146 135
Total Sales 34 49 70 63 77 92 80
Sales/Listings Ratio 25.4% 49.5% 56.5% 44.1% 64.2% 63.0% 59.3%

Active Listings Year-to-Year by Map Area 2015 2016 2017
Total Active Listings 136 157 135
Active Listings Year-to-Year by Map Area: July
160
140
120 S Redondo Beach W of PCH
100 N Redondo Beach/Villas South

60 N Redondo Beach/Golden Hills
40
Total Active Listings
20
-
2015 2016 2017

2017 Months of Inventory by Map Area
12.0
10.0
8.0
N Redondo Beach/Villas South 6.0
S Redondo Beach N of Torrance Blvd 4.0
2.0
-
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
N Redondo Beach/Villas North 3.0 2.0 2.0 2.0 1.0 2.0 2.0
S Redondo Beach W of PCH 3.0 5.0 2.0 4.0 3.0 1.0 4.0
N Redondo Beach/Villas South 7.0 1.0 2.0 2.0 2.0 1.0 1.0
S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0 4.0 2.0 2.0 2.0
S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0 3.0 2.0 3.0 2.0
N Redondo Beach/Golden Hills 2.0 2.0 1.0 1.0 2.0 1.0 4.0
N Redondo Beach/El Nido 5.0 - 3.0 2.0 1.0 2.0 2.0

2017 Months of Inventory Year-to-Year
4.0
3.5
3.0
2.5
2.0
2015 1.5
2016
2017 1.0
0.5
-
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2.0 3.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 3.0 1.0
2016 2.0 3.0 2.0 1.0 2.0 2.0 2.0 2.0 3.0 3.0 2.0 2.0
2017 4.0 2.0 2.0 2.0 2.0 2.0 2.0

Summary
July was a slow month for Redondo Beach real estate investment as total sales dropped 13%, net listings decreased 7.5%, and the
sales-listing ratio fell 5.9%. During this time, however, the median sales price improved 4% while the median days to sell metric
declined 11.1%. Year-over-year months of inventory metric held constant at 2.0.
In June, C.A.R. reported With active listings 13.5 percent lower than last June, weve now experienced a full two years in
which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers arent
listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another
property. http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales
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 June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 92 80 -12 -13.0%
Listings 146 135 -11 -7.5%
Sales/Listing Ratio 63.0% 59.3% -3.7% -5.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 83 80 -3 -3.6%
Listings 146 135 -11 -7.5%
Months of Inventory 2.0 2.0 0 0.0%

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.

Redondo Beach Real Estate Market Conditions - July 2017

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Redondo Beach Real Estate Market Conditions - July 2017

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Redondo Beach

Residential Real Estate

Contents Year-to-Year Active Listings by Map Area

= trending positive = trending positive

Back to Table of Contents

2017 Total Sales Month-to-Month by Map Area

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

70 N Redondo Beach/Villas North

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2017 Median Sales Price Month-to-Month by Map Area

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

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N Redondo Beach/Villas North 20

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

100 N Redondo Beach/Villas South

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Serving South Bay Home Buyers and Sellers Since 2001

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Website Listings MLS BLOG

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