Redondo Beach Real Estate Market Conditions - March 2017

Redondo Beach
Residential Real Estate

Market Conditions
March 2017
Key Statistics for March
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
Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales
Contents 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 March
Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 49 70 21 42.9%
Median Sales Price 900,000 994,000 94,000 10.4%
Median Days to Sell 30 11 -19 -63.3%
Listings 99 124 25 25.3%
Sales/Listing Ratio 49.5% 56.5% 7.0% 14.1%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease
Total Sales 73 70 -3 -4.1%
Listings 94 124 30 31.9%
Months of Inventory 2.0 2.0 0 0.0%
= trending positive = trending positive

= trending negative = trending negative
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Total Sales Month-to-Month by Map Area Jan Feb Mar
N Redondo Beach/Villas North 10 10 12
S Redondo Beach W of PCH 6 4 13
N Redondo Beach/Villas South 4 19 14
S Redondo Beach S of Torrance Blvd 4 8 9
S Redondo Beach N of Torrance Blvd 2 4 7
N Redondo Beach/Golden Hills 7 4 12
N Redondo Beach/El Nido 1 - 3
Total Sales 34 49 70
2017 Total Sales Month-to-Month by Map Area
70
60
N Redondo Beach/Villas North

50
S Redondo Beach W of PCH
40 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
30 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
20 N Redondo Beach/El Nido
Total Sales
10
-
Jan Feb Mar

Total Sales Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/El Nido 5 3 3
Total Sales Year-to-Year by Map Area: March
90
80
70
60 S Redondo Beach W of PCH
N Redondo Beach/Villas South
50
30
N Redondo Beach/El Nido
20 Total Sales
10
-
2015 2016 2017

Median Sales Price Month-to-Month by Map Area Jan Feb Mar
N Redondo Beach/Villas North 907,000 982,500 987,000
S Redondo Beach W of PCH 897,500 1,362,500 1,270,000
N Redondo Beach/Villas South 1,067,500 890,000 838,575
S Redondo Beach S of Torrance Blvd 1,097,500 672,500 1,137,500
S Redondo Beach N of Torrance Blvd 1,212,000 1,146,000 1,131,000
N Redondo Beach/Golden Hills 929,000 813,250 1,000,250
N Redondo Beach/El Nido 821,000 - 785,000
Market Median Sales Price 927,000 900,000 994,000
2017 Median Sales Price Month-to-Month by Map Area
1,400,000
1,200,000
1,000,000 N Redondo Beach/Villas North

800,000 N Redondo Beach/Villas South
600,000 S Redondo Beach N of Torrance Blvd
400,000 N Redondo Beach/El Nido
Market Median Sales Price
200,000
-
Jan Feb Mar

Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 861,300 1,077,500 987,000
S Redondo Beach W of PCH 870,000 1,050,000 1,270,000
N Redondo Beach/Villas South 755,750 829,000 838,575
S Redondo Beach S of Torrance Blvd 910,000 868,750 1,137,500
S Redondo Beach N of Torrance Blvd 1,008,200 1,225,000 1,131,000
N Redondo Beach/Golden Hills 952,500 877,500 100,250
N Redondo Beach/El Nido 899,900 670,000 785,000
Market Median Sales Price 870,000 915,000 994,000
Median Sales Price Year-to-Year by Map Area: March
1,400,000
1,200,000
1,000,000 N Redondo Beach/Villas North

800,000 N Redondo Beach/Villas South
600,000 S Redondo Beach N of Torrance Blvd
400,000 N Redondo Beach/El Nido
Market Median Sales Price
200,000
-
2015 2016 2017

2017 Active Listings by Map Area
30
25
20
S Redondo Beach W of PCH 15
S Redondo Beach S of Torrance Blvd 10
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills 5
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Total Active Listings 134 99 124

2017 Total Active Listings vs. Total Sales
140
120
100
80
60
40
Total Active Listings
Total Sales 20
-
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sales/Listings Ratio 25.4% 49.5% 56.5%

Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Golden Hills 9 - 11
Active Listings Year-to-Year by Map Area: March
140
120
100 S Redondo Beach W of PCH
80
40 N Redondo Beach/El Nido
Total Active Listings
20
-
2015 2016 2017

2017 Months of Inventory by Map Area
12.0
10.0
8.0
6.0
4.0
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills 2.0
-
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 2.0
S Redondo Beach W of PCH 3.0 5.0 2.0
N Redondo Beach/Villas South 7.0 1.0 2.0
S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0
S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0
N Redondo Beach/Golden Hills 2.0 2.0 1.0
N Redondo Beach/El Nido 5.0 - 3.0

2017 Months of Inventory Year-to-Year
4.0
3.5
3.0
2.5
2.0
1.5
2015
2016 1.0
2017
0.5
-
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 2.0

Summary
According to the MLS, comparing March to February real estate metrics for Redondo Beach improvements were recorded across
board including total sales (+42.9%), median sales price (+10.4%), median days to sell (-63.3%), net listings (+25.3%), and the sales-
listing ratio (14.1%). Year-over-year months of inventory remained stable at 2.0 from March 2016 to 2017.
In February, C.A.R. reported despite the back-to-back monthly price decline, Februarys median price still registered a 7.6
percent increase from the revised $444,780 recorded a year ago.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/feb2017sales?view=Standard
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to
schedule a time to discuss how I can be of service to you.
Month-to-Month Comparison Feb 2017 Mar 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 49 70 21 42.9%
Listings 99 124 25 25.3%
Sales/Listing Ratio 49.5% 56.5% 7.0% 14.1%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Mar 2016 Mar 2017 Delta Delta Increase Decrease
Total Sales 73 70 -3 -4.1%
Listings 94 124 30 31.9%
Months of Inventory 2.0 2.0 0 0.0%

About
Hady Chahine
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

Hady Chahine
hady@hadychahine.com
310-404-5361
Website Listings MLS BLOG
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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.

Redondo Beach Real Estate Market Conditions - March 2017

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Redondo Beach

Residential Real Estate

Contents Year-to-Year Active Listings by Map Area

= trending positive = trending positive

Back to Table of Contents

2017 Total Sales Month-to-Month by Map Area

N Redondo Beach/Villas North

Back to Table of Contents

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

Back to Table of Contents

2017 Median Sales Price Month-to-Month by Map Area

1,000,000 N Redondo Beach/Villas North

Back to Table of Contents

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

1,000,000 N Redondo Beach/Villas North

Back to Table of Contents

Back to Table of Contents

Back to Table of Contents

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

Back to Table of Contents

Back to Table of Contents

Back to Table of Contents

Back to Table of Contents

Serving South Bay Home Buyers and Sellers Since 2001

Back to Table of Contents

Website Listings MLS BLOG

Back to Table of Contents

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