December 2013 Redondo Beach Real Estate Market Trends Update

Redondo Beach
Residential Real Estate
Market Conditions
December 2013

Key Statistics for December
Sales
2013 Residential Sales Stats: Oct - Dec
Year-to-Year Total Sales by Map Area: Dec
Median
2013 Median Sales Stats: Oct - Dec
Year-to-Year Median Sales by Map Area: Dec

Table of
Contents

Listings
2013 Active Listings by Map Area
2013 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area: Dec

Inventory
2013 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Outlook for January

About the Mother & Son South Bay Real Estate Team
Contact Information

Key Statistics for December
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Inventory Turnover

Nov 2013
51
711,000
36
144
35.4%
2.8

Dec 2013

Monthly Comparison Year-to-Year
Total Sales
Median Sales Price
Median Days to Sell
Listings
Inventory Turnover

Dec 2012

Dec 2013

64
661,000
47
125
2.0

68
764,498
48
108
63.0%
1.6

68
764,498
40
108
1.6

Delta (qty)
17
53,498
12
-36
27.6%
-1.2

Delta
4
103,498
-7
-17
-0.4

Delta (%)
33.3%
7.5%
33.3%
-25.0%
78.0%
-42.9%

Increase

Decrease

Delta
6.3%
15.7%
-14.9%
-13.6%
-20.0%

Increase

Decrease

= trending positive
= trending negative

Back to Table of Contents

= trending positive
= trending negative

2013 Residential Sales 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
20
12
14
9
7
4
2
68

Nov
14
10
8
9
5
4
1
51

Dec
16
12
13
6
9
8
4
68

2013 Residential Sales Statistics: Oct - Dec
20
18
16
14

12
10
8
6
4
2
0
Oct


Nov

Dec

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

2011
12
12
11
7
6
8
2
58

2012
15
7
13
7
10
6
6
64

2013
16
12
13
6
9
8
4
68

Total Sales by Map Area: Year-to-Year for December
16
14
12

10

8


6


4


2
0
2011


2012

2013

2013 Median Sale Price by Map Area
Market Median Sale Price

Oct
647,500
757,500
737,500
745,000
930,000
800,000
710,000
747,500

Nov
603,950
735,000
763,500
445,000
897,500
767,000
579,500
711,000

Dec
681,000
815,000
660,000
798,750
917,500
785,250
780,000
764,498

2013 Median Sale Price Statistics: Oct - Dec
1,000,000
900,000
800,000
700,000

600,000
500,000
400,000
300,000
200,000
100,000
Oct


Nov

Dec

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

2011
645,000
570,000
599,900
750,000
565,000
600,250
480,000
600,000

2012
661,000
542,000
661,000
1,329,000
632,000
684,000
579,500
661,000

2013
681,000
815,000
660,000
798,750
917,500
785,250
780,000
764,498

Median Sale Price by Map Area: Year-to-Year for December
1,400,000

1,200,000

1,000,000

800,000

600,000

400,000

200,000

2011


2012

2013

2013 Active Listings by Map Area
50
45

40
35
30

25
20
15
10
5
Jan

Feb

Mar

Apr

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Total Active Listings

28
28
22
21
16
7
8
130

21
35
21
30
22
6
15
150

21
35
21
30
22
6
15
150

21
33
34
30
25
14
13
170

21
39
35
28
22
13
11
169

23
39
31
22
30
9
10
164

30
48
32
30
33
5
13
191


May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Aug

Sep

Oct

Nov

Dec

34
49
28
19
36
6
9
181

37
44
20
14
34
7
9
165

24
37
22
14
28
13
12
150

22
26
19
23
28
15
11
144

19
21
17
11
20
11
9
108

2013 Total Active Listings vs. Total Sales
200
180
160

140
120
100
80
Total Sales

60
40
20
Jan

2013 Active Listings/Total Sales by Map Area

Feb

Mar

Apr

Jan

Feb

Mar

May

Apr

Jun

Jul

May

Jun

Aug

Jul

Sep

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec

28
21
21
21
21
23
30
34
37
24
22
19
28
35
35
33
39
39
48
49
44
37
26
21
22
21
21
34
35
31
32
28
20
22
19
17
21
30
30
30
28
22
30
19
14
14
23
11
16
22
22
25
22
30
33
36
34
28
28
20
7
6
6
14
13
9
5
6
7
13
15
11
8
15
15
13
11
10
13
9
9
12
11
9
130 150 150 170 169 164 191 181 165 150 144 108
Total Sales
47
50
70
74
86
89 100
89
82
68
51
68
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% 63.0%

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

2011
40
33
30
25
23
13
13
177

2012
21
31
24
15
18
8
8
125

2013
19
21
17
11
20
11
9
108

Active Listings by Map Area: Year-to-Year for December
40
35
30
25


20
15
10
5
0
2011


2012

2013

25.0

20.0

15.0

10.0

5.0

Jan


Jan


2.8
3.5
1.4
21.0
2.7
1.2
4.0


Feb

Mar

Apr

May

Feb

Mar

Apr

May

1.8
5.8
2.1
6.0
3.7
1.0
3.0

1.8
3.4
1.5
1.4
1.8
3.3
2.0

1.2
3.3
2.6
3.0
5.0
1.3
1.6

1.2
3.3
1.9
2.2
1.6
1.2
11.0

Jun

Jun
2.3
3.3
1.4
1.7
2.7
0.7
1.4

Jul

Aug

Jul

Aug

Sep

Oct

Nov

Dec

2.0
3.5
1.4
1.9
2.8
0.6
1.8

2.3
2.9
0.9
1.3
4.3
2.3
1.5

1.2
3.1
1.6
1.6
4.0
3.3
6.0

1.6
2.6
2.4
2.6
5.6
3.8
11.0

1.2
1.8
1.3
1.8
2.2
1.4
2.3

1.6
3.2
1.2
1.5
3.0
5.0
1.6

Sep

Oct

Nov

Dec

Months of Inventory: Year-to-Year
7.0
6.0
5.0
4.0
2011
2012
2013

3.0
2.0
1.0
Jan

Feb

Mar

Months of Inventory: Year-to-Year
2011
2012
2013


Apr

May

Jan
1.4
3.5
2.6

Jun

Feb
2.1
5.8
3.0

Jul

Mar
1.5
3.4
1.9

Apr
2.6
3.3
2.3

Aug

May
1.9
3.3
2.0

Sep

Jun
1.4
3.3
1.8

Oct

Jul
1.2
3.2
1.9

Aug
1.4
3.5
2.0

Nov

Sep
0.9
2.9
2.0

Dec

Oct
6.4
2.5
2.2

Nov
3.8
2.3
2.8

Dec
3.1
2.0
1.6

Outlook for January
For December 2013, the Redondo Beach residential real estate market posted promising data statistics
given it was a holiday month and people tend to be more focused on family and friends rather than
homes, mortgages, and property insurance. Overall trending improvements were seen in total sales,
median sales price, sales/listing ratio, and inventory turnover. Trending a bit negative were median days
to sell and the number of listings.
Forecasts for the New Year are reassuring given stable interest in buyer and seller activity and because
the cost to borrower money remains at historically low levels. For questions concerning market trending
behavior, or to request a complementary comparative market analysis, please give me a call.
With this in mind, the recap is…
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Inventory Turnover

Nov 2013
51
711,000
36
144
35.4%
2.8

Dec 2013
68
764,498
48
108
63.0%
1.6

Delta (qty)
17
53,498
12
-36
27.6%
-1.2

Delta (%)
33.3%
7.5%
33.3%
-25.0%
78.0%
-42.9%

Increase

Decrease

About the Mother & Son
South Bay Real Estate Team…
 Serving South Bay Home Buyers and Sellers Since 1989
 RE/MAX Top 4 Team in California – 2012
 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

Hassana Chahine
 hassana@hhcrealestate.com
 310-756-8949

Hady Chahine
 hady@hhcrealestate.com
 310-404-5361

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/
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s 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.


December 2013 Redondo Beach Real Estate Market Trends Update

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December 2013 Redondo Beach Real Estate Market Trends Update