redondo beach real estate market conditions - september 2013
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Table ofContentsTable ofContents
Key StatisticsFor September
Sales2013 Residential Sales Stats: July Sept Graph2013 Residential Sales Stats: July Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data
Median
2013 Median Sales Stats: July Sept Graph2013 Median Sales Stats: July Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data
Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data
2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data
Inventory2013 Months of Inventory by Map Area Graph
2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data
OutlookFor October
About The Mother & Son South Bay Real Estate Team
Contact Information
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Key Statistics for SeptemberKey Statistics for September
Total Home Sales: 82 26.2% from September 2012
Median Sales Price Up $100K 15.4% from September 2012
Median Days to Sell: 37 32.7% from September 2012
Current Active Listings: 165 21.1% from August 2013
Inventory Turnover: 2 Months 45.0% from September 2012 Sales/Listing Ratio: 49.7%
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0
5
10
15
20
25
30
N RedondoBeach/Villas
North
S RedondoBeach W of
PCH
N RedondoBeach/Villas
South
S RedondoBeach S of
Torrance Blvd
S RedondoBeach N of
Torrance Blvd
N RedondoBeach/Golden
Hills
N RedondoBeach/El Nido
2013 Residential Sales Statistics: July - Sept
Sept
Aug
July
* See next slide for supportive dataBack to Table of Contents
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201
2 100
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* See next slide for supportive data
0
10
20
30
40
50
60
70
80
90
N RedondoBeach/Villas
North
S RedondoBeach W of
PCH
N RedondoBeach/Villas
South
S RedondoBeach S of
Torrance Blvd
S RedondoBeach N of
Torrance Blvd
N RedondoBeach/Golden
Hills
N RedondoBeach/El Nido
Total Sales
Total Sales by Map Area: Year-to-Year for September
Sept2013
Sept2012
Sept2011
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201 2012 2011
2 1
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
N RedondoBeach/Villas
North
S RedondoBeach W of
PCH
N RedondoBeach/Villas
South
S RedondoBeach S of
Torrance Blvd
S RedondoBeach N of
Torrance Blvd
N RedondoBeach/Golden
Hills
N RedondoBeach/El Nido
MarketMedians
2013 Median Sales Statistics: July - Sept
Sept
Aug
July
* See next slide for supportive dataBack to Table of Contents
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201
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0,000 ,00 2,00
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100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
N RedondoBeach/Villas
North
S RedondoBeach W of
PCH
N RedondoBeach/Villas
South
S RedondoBeach S of
Torrance Blvd
S RedondoBeach N of
Torrance Blvd
N RedondoBeach/Golden
Hills
N RedondoBeach/El Nido
Total MarketSales
Medians
Median Sales Price by Map Area: Year-to-Year for September
Sept 2013
Sept 2012
Sept 2011
* See next slide for supportive dataBack to Table of Contents
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201 2012 2011
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0,000 0,000 0,000
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5
10
15
20
25
30
35
40
45
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Active Listings by Map Area
N Redondo Beach/Villas NorthS 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
* See next slide for supportive dataBack to Table of Contents
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201 /
.% .% .% .% .% .% .% .% .%
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* See next slide for supportive data
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20
40
60
80
100
120
140
160
180
200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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201 /
.% .% .% .% .% .% .% .% .%
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0
10
20
30
40
50
60
N RedondoBeach/Villas
North
S RedondoBeach W of PCH
N RedondoBeach/Villas
South
S RedondoBeach S of
Torrance Blvd
S RedondoBeach N of
Torrance Blvd
N RedondoBeach/Golden
Hills
N RedondoBeach/El Nido
Active Listings by Map Area: Year-to-Year for September
Sept2013
Sept2012
Sept2011
* See next slide for supportive dataBack to Table of Contents
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1.00
2.00
3.00
4.00
5.006.00
7.00
8.00
9.00
10.00
11.00
12.00
13.0014.00
15.00
16.00
17.00
18.00
19.00
20.00
21.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
N Redondo Beach/Villas NorthS 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
* See next slide for supportive dataBack to Table of Contents
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* See next slide for supportive data
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2013
2012
2011
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Outlook for OctoberOutlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as
buyer activity decreases. This normally occurs this time of year because people are focusing their attentionselsewhere, such as children returning to school and preparing for the holiday season. Since mortgageinterest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughoutOctober, and perhaps even thru the end of 2013.
With this in mind supply increasing and buyers aggressively shopping Q4 of 2013 might prove very active!
Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms.Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume makingpossible many acceptable alternatives to choose from.
Keep in mind
Residential homes sales increased 26+% from September 2012 to 2013
Median sales price increased $100K from September 2012 to 2013
Median days to sell decreased 15.4% from September 2012 to 2013
Months of inventory is improving with significant declines seen throughout 2013 relative to 2012
Active listings in September 2013 totaled 161, which is down 21% from August
And, the sales/listing ratio improved to 49.7%
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About the Mother & SonSouth Bay Real Estate TeamAbout the Mother & SonSouth 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
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