february 2017 redondo beach real estate market trends update
Post on 12-Apr-2017
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Table of
Contents
Key Statistics for February
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 Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales 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 February
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 49 15 44.1%
Median Sales Price 927,000 900,000 (27,000) -2.9%
Median Days to Sell 49 30 -19 -38.8%
Listings 134 99 -35 -26.1%
Sales/Listing Ratio 25.4% 49.5% 24.1% 94.9%
Months of Inventory 4.0 2.0 -2.0 -50.0%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 32 49 17 53.1%
Median Sales Price 917,700 900,000 (17,700) -1.9%
Median Days to Sell 36 30 -6 -16.7%
Listings 101 99 -2 -2.0%
Months of Inventory 3.0 2.0 -1 -33.3%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
N Redondo Beach/Villas North 10 10
S Redondo Beach W of PCH 6 4
N Redondo Beach/Villas South 4 19
S Redondo Beach S of Torrance Blvd 4 8
S Redondo Beach N of Torrance Blvd 2 4
N Redondo Beach/Golden Hills 7 4
N Redondo Beach/El Nido 1 -
Total Sales 34 49
-
5
10
15
20
25
30
35
40
45
50
Jan Feb Mar
2017 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
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Total Sales Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 5 5 10
S Redondo Beach W of PCH 4 2 4
N Redondo Beach/Villas South 16 11 19
S Redondo Beach S of Torrance Blvd 7 7 8
S Redondo Beach N of Torrance Blvd 5 5 4
N Redondo Beach/Golden Hills 3 1 4
N Redondo Beach/El Nido 1 1 -
Total Sales 41 32 49
-
5
10
15
20
25
30
35
40
45
50
2015 2016 2017
Total Sales Year-to-Year by Map Area: February
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
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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
N Redondo Beach/Villas North 907,000 982,500
S Redondo Beach W of PCH 897,500 1,362,500
N Redondo Beach/Villas South 1,067,500 890,000
S Redondo Beach S of Torrance Blvd 1,097,500 672,500
S Redondo Beach N of Torrance Blvd 1,212,000 1,146,000
N Redondo Beach/Golden Hills 929,000 813,250
N Redondo Beach/El Nido 821,000 -
Market Median Sales Price 927,000 900,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
Jan Feb Mar
2017 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
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Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 825,000 995,000 982,500
S Redondo Beach W of PCH 505,750 1,535,000 1,362,500
N Redondo Beach/Villas South 755,000 890,400 890,000
S Redondo Beach S of Torrance Blvd 875,000 641,850 672,500
S Redondo Beach N of Torrance Blvd 779,000 950,000 1,146,000
N Redondo Beach/Golden Hills 926,500 850,000 813,250
N Redondo Beach/El Nido 599,000 645,000 -
Market Median Sales Price 810,000 917,700 900,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2015 2016 2017
Median Sales Price Year-to-Year by Map Area: February
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
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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
S Redondo Beach W of PCH 19 19
N Redondo Beach/Villas South 27 14
S Redondo Beach S of Torrance Blvd 19 14
S Redondo Beach N of Torrance Blvd 23 18
N Redondo Beach/Golden Hills 14 9
N Redondo Beach/El Nido 5 5
Total Active Listings 134 99
-
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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
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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
S Redondo Beach W of PCH 19 19
N Redondo Beach/Villas South 27 14
S Redondo Beach S of Torrance Blvd 19 14
S Redondo Beach N of Torrance Blvd 23 18
N Redondo Beach/Golden Hills 14 9
N Redondo Beach/El Nido 5 5
Total Active Listings 134 99
Total Sales 34 49
Sales/Listings Ratio 25.4% 49.5%
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20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 23 15 20
S Redondo Beach W of PCH 16 25 19
N Redondo Beach/Villas South 22 19 14
S Redondo Beach S of Torrance Blvd 13 17 14
S Redondo Beach N of Torrance Blvd 16 13 18
N Redondo Beach/Golden Hills 8 10 9
N Redondo Beach/El Nido 13 2 5
Total Active Listings 111 101 99
-
20
40
60
80
100
120
2015 2016 2017
Active Listings Year-to-Year by Map Area: February
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
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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
S Redondo Beach W of PCH 3.0 5.0
N Redondo Beach/Villas South 7.0 1.0
S Redondo Beach S of Torrance Blvd 5.0 2.0
S Redondo Beach N of Torrance Blvd 12.0 5.0
N Redondo Beach/Golden Hills 2.0 2.0
N Redondo Beach/El Nido 5.0 -
-
2.0
4.0
6.0
8.0
10.0
12.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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
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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
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Months of Inventory Year-to-Year
2015
2016
2017
Summary Investor activity in Redondo Beach residential properties during February produced a 44.1% improvement in total sales, a 38.8% drop in median days to sell, and a 94.9% spike in the sales-listing ratio. Both the median sales price and net listings declined during this period of time (by 2.9% and 26.1% respectively speaking). Year-over-year months of inventory dropped 50% from February 2016 to 2017.
In February, C.A.R. reported “Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!
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Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 32 49 17 53.1%
Median Sales Price 917,700 900,000 (17,700) -1.9%
Median Days to Sell 36 30 -6 -16.7%
Listings 101 99 -2 -2.0%
Months of Inventory 3.0 2.0 -1 -33.3%
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 34 49 15 44.1%
Median Sales Price 927,000 900,000 (27,000) -2.9%
Median Days to Sell 49 30 -19 -38.8%
Listings 134 99 -35 -26.1%
Sales/Listing Ratio 25.4% 49.5% 24.1% 94.9%
Months of Inventory 4.0 2.0 -2.0 -50.0%
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
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Hady Chahine…
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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
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inspection by and/or with the appropriate professionals.
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