february 2017 redondo beach real estate market trends update

Redondo Beach Residential Real Estate

Market Conditions February 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

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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%



Listings 101 99 -2 -2.0%

Months of Inventory 3.0 2.0 -1 -33.3%



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



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








Total Sales



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








Market Median Sales Price



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








Market Median Sales Price



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







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










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







N Redondo Beach/El Nido 5 5

Total Active Listings 134 99

Total Sales 34 49

Sales/Listings Ratio 25.4% 49.5%

-

20

40

60

80

100

120

140


2017 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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








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 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


2017 Months of Inventory by Map Area










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


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!


Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease

Total Sales 32 49 17 53.1%



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%



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%


http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard

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