january 2016 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions January 2016

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Table of

Contents

Key Statistics for January

Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory

Summary

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Key Statistics for January

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= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Dec 2015 Jan 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 69 54 -15 -21.7%

Median Sales Price 832,500 878,250 45,750 5.5%

Median Days to Sell 40 48 8 20.0%

Listings 94 98 4 4.3%

Sales/Listing Ratio 73.4% 55.1% -18.3% -24.9%

Months of Inventory 1.0 2.0 1.0 100.0%

Monthly Comparison Year-to-Year Jan 2015 Jan 2016 Delta Delta Increase Decrease

Total Sales 47 54 7 14.9%


Median Days to Sell 50 48 -2 -4.0%

Listings 115 98 -17 -14.8%

Months of Inventory 2.0 2.0 0 0.0%



Total Sales Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 9

S Redondo Beach W of PCH 6

N Redondo Beach/Villas South 15

S Redondo Beach S of Torrance Blvd 10

S Redondo Beach N of Torrance Blvd 8

N Redondo Beach/Golden Hills 3

N Redondo Beach/El Nido 3

Total Sales 54

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10

20

30

40

50

60

Jan Feb Mar

2016 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



Total Sales Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 8 14 9

S Redondo Beach W of PCH 8 6 6

N Redondo Beach/Villas South 11 6 15

S Redondo Beach S of Torrance Blvd 9 8 10

S Redondo Beach N of Torrance Blvd 4 6 8

N Redondo Beach/Golden Hills 8 6 3

N Redondo Beach/El Nido 2 1 3

Total Sales 50 47 54

-

10

20

30

40

50

60

2014 2015 2016

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








Total Sales



Median Sales Price Month-to-Month by Map Area Jan Feb Mar

N Redondo Beach/Villas North 853,450

S Redondo Beach W of PCH 922,500

N Redondo Beach/Villas South 919,000

S Redondo Beach S of Torrance Blvd 895,000

S Redondo Beach N of Torrance Blvd 839,000

N Redondo Beach/Golden Hills 945,000

N Redondo Beach/El Nido 720,000

Market Median Sales Price 878,250

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

Jan

2016 Median Sales Price Month-to-Month by Map Area








Market Median Sales Price



Median Sales Price Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 672,500 787,500 853,450

S Redondo Beach W of PCH 1,012,000 698,750 922,500

N Redondo Beach/Villas South 672,000 680,000 919,000

S Redondo Beach S of Torrance Blvd 755,000 781,950 895,000

S Redondo Beach N of Torrance Blvd 1,005,000 942,500 839,000

N Redondo Beach/Golden Hills 806,000 981,500 945,000

N Redondo Beach/El Nido 590,000 575,000 720,000

Market Median Sales Price 758,750 810,000 878,250

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2014 2015 2016

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








Market Median Sales Price



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








Total Active Listings 98

-

5

10

15

20

25

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

2016 Active Listings by Map Area










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








Total Active Listings 98

Total Sales 54

Sales/Listings Ratio 55.1%

-

10

20

30

40

50

60

70

80

90

100


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2014 2015 2016

N Redondo Beach/Villas North 31 20 9

S Redondo Beach W of PCH 23 15 25

N Redondo Beach/Villas South 38 34 20

S Redondo Beach S of Torrance Blvd 16 18 16

S Redondo Beach N of Torrance Blvd 20 16 16

N Redondo Beach/Golden Hills 10 5 10

N Redondo Beach/El Nido 13 7 2

Total Active Listings 151 115 98

-

20

40

60

80

100

120

140

160

2014 2015 2016

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








Total Active Listings



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

N Redondo Beach/Villas North 1.0

S Redondo Beach W of PCH 4.0

N Redondo Beach/Villas South 1.0

S Redondo Beach S of Torrance Blvd 2.0

S Redondo Beach N of Torrance Blvd 2.0

N Redondo Beach/Golden Hills 3.0

N Redondo Beach/El Nido 1.0

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2016 Months of Inventory by Map Area










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

2014 3.0 4.0 2.0 2.0 3.0 3.0 2.0 3.0 3.0 2.0 2.0 1.0

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0


2016 Months of Inventory Year-to-Year

2014

2015

2016


Summary Redondo Beach real estate investment for January produced mix results with total sales, median days to sell, and sales-listing ratio data points trending unfavorably compared to single digits improvements in the market median sales price and net listings. Nevertheless, year-over-year analysis confirmed noticeable improvement with increases in total sales (14.9%), market median sales price ($68.25K), and median days to sell (down 4%).

In the news… According to C.A.R., “January’s statewide median home price was $468,330, down 4.3 percent from December and up 9.2 percent from January 2015.” http://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standard

For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me. - My job is your future.


Monthly Comparison Year-to-Year Jan 2015 Jan 2016 Delta Delta Increase Decrease

Total Sales 47 54 7 14.9%


Median Days to Sell 50 48 -2 -4.0%

Listings 115 98 -17 -14.8%

Months of Inventory 2.0 2.0 0 0.0%

Month-to-Month Comparison Dec 2015 Jan 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 69 54 -15 -21.7%


Median Days to Sell 40 48 8 20.0%

Listings 94 98 4 4.3%

Sales/Listing Ratio 73.4% 55.1% -18.3% -24.9%

Months of Inventory 1.0 2.0 1.0 100.0%


http://www.car.org/newsstand/newsreleases/2016releases/january2016sales?view=Standard

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