Redondo Beach

Residential Real Estate

Market Conditions
February 2017
 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

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 February
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%

= 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
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

2017 Total Sales Month-to-Month by Map Area

50
45
40
35
N Redondo Beach/Villas North
30 S Redondo Beach W of PCH
25 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
20 S Redondo Beach N of Torrance Blvd
15 N Redondo Beach/Golden Hills
N Redondo Beach/El Nido
10 Total Sales
5
-
Jan Feb Mar

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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

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

50
45
40
35
N Redondo Beach/Villas North
30 S Redondo Beach W of PCH
25 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
20 S Redondo Beach N of Torrance Blvd
15 N Redondo Beach/Golden Hills
N Redondo Beach/El Nido
10 Total Sales
5
-
2015 2016 2017

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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

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

1,400,000

1,200,000

1,000,000
N Redondo Beach/Villas North
S Redondo Beach W of PCH
800,000
N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
600,000
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
400,000
N Redondo Beach/El Nido
Market Median Sales Price
200,000

-
Jan Feb Mar

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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

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

1,600,000

1,400,000

1,200,000
N Redondo Beach/Villas North
1,000,000 S Redondo Beach W of PCH
N Redondo Beach/Villas South
800,000
S Redondo Beach S of Torrance Blvd
600,000 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
400,000 N Redondo Beach/El Nido
Market Median Sales Price
200,000

-
2015 2016 2017

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 2017 Active Listings by Map Area

30

25

20
N Redondo Beach/Villas North
S Redondo Beach W of PCH 15
N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd 10
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills 5
N Redondo Beach/El Nido
-
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
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

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 2017 Total Active Listings vs. Total Sales

140

120

100

80

60
Total Active Listings 40
Total Sales
20

-
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
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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 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

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

120

100

N Redondo Beach/Villas North

80 S Redondo Beach W of PCH
N Redondo Beach/Villas South
60 S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd
40 N Redondo Beach/Golden Hills
N Redondo Beach/El Nido
Total Active Listings
20

-
2015 2016 2017

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 2017 Months of Inventory by Map Area

12.0

10.0

8.0
N Redondo Beach/Villas North
S Redondo Beach W of PCH 6.0
N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd 4.0
S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills 2.0
N Redondo Beach/El Nido
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 -

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 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

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

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

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 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!

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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 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

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 Hady Chahine
hady@hadychahine.com
310-404-5361

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