Redondo Beach

Residential Real Estate

Market Conditions
April 2017
 Key Statistics for April
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 April
Month-to-Month Comparison Mar 2017 Apr 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 70 63 -7 -10.0%
Median Sales Price 994,000 950,500 (43,500) -4.4%
Median Days to Sell 11 19 8 72.7%
Listings 124 143 19 15.3%
Sales/Listing Ratio 56.5% 44.1% -12.4% -21.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2016 Apr 2017 Delta Delta Increase Decrease
Total Sales 87 63 -24 -27.6%
Median Sales Price 904,000 950,500 46,500 5.1%
Median Days to Sell 29 19 -10 -34.5%
Listings 115 143 28 24.3%
Months of Inventory 1.0 2.0 1 100.0%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Feb Mar Apr
N Redondo Beach/Villas North 10 12 11
S Redondo Beach W of PCH 4 13 7
N Redondo Beach/Villas South 19 14 17
S Redondo Beach S of Torrance Blvd 8 9 6
S Redondo Beach N of Torrance Blvd 4 7 7
N Redondo Beach/Golden Hills 4 12 10
N Redondo Beach/El Nido - 3 5
Total Sales 49 70 63

2017 Total Sales Month-to-Month by Map Area

70

60
N Redondo Beach/Villas North
50 S Redondo Beach W of PCH
N Redondo Beach/Villas South
40 S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd
30 N Redondo Beach/Golden Hills
N Redondo Beach/El Nido
20
Total Sales

10

-
Feb Mar Apr

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 15 19 11
S Redondo Beach W of PCH 13 13 7
N Redondo Beach/Villas South 16 16 17
S Redondo Beach S of Torrance Blvd 9 13 6
S Redondo Beach N of Torrance Blvd 11 8 7
N Redondo Beach/Golden Hills 7 15 10
N Redondo Beach/El Nido 8 3 5
Total Sales 79 87 63

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

90

80

70 N Redondo Beach/Villas North

60 S Redondo Beach W of PCH
N Redondo Beach/Villas South
50 S Redondo Beach S of Torrance Blvd
40 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
30
N Redondo Beach/El Nido
20 Total Sales

10

-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Feb Mar Apr
N Redondo Beach/Villas North 982,500 987,000 722,000
S Redondo Beach W of PCH 1,362,500 1,270,000 835,000
N Redondo Beach/Villas South 890,000 838,575 1,125,000
S Redondo Beach S of Torrance Blvd 672,500 1,137,500 1,307,500
S Redondo Beach N of Torrance Blvd 1,146,000 1,131,000 1,200,000
N Redondo Beach/Golden Hills 813,250 1,000,250 960,000
N Redondo Beach/El Nido - 785,000 850,000
Market Median Sales Price 900,000 994,000 950,500

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

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

-
Feb Mar Apr

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 710,000 1,025,000 722,000
S Redondo Beach W of PCH 730,000 1,000,000 835,000
N Redondo Beach/Villas South 837,500 789,000 1,125,000
S Redondo Beach S of Torrance Blvd 958,000 1,150,000 1,307,500
S Redondo Beach N of Torrance Blvd 1,200,000 827,500 1,200,000
N Redondo Beach/Golden Hills 920,000 1,025,000 960,000
N Redondo Beach/El Nido 791,000 724,000 850,000
Market Median Sales Price 842,000 904,000 950,500

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

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

N Redondo Beach/Villas North 20

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 21 22
S Redondo Beach W of PCH 19 19 20 27
N Redondo Beach/Villas South 27 14 26 27
S Redondo Beach S of Torrance Blvd 19 14 20 23
S Redondo Beach N of Torrance Blvd 23 18 16 19
N Redondo Beach/Golden Hills 14 9 11 14
N Redondo Beach/El Nido 5 5 10 11
Total Active Listings 134 99 124 143

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 2017 Total Active Listings vs. Total Sales

160
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 21 22
S Redondo Beach W of PCH 19 19 20 27
N Redondo Beach/Villas South 27 14 26 27
S Redondo Beach S of Torrance Blvd 19 14 20 23
S Redondo Beach N of Torrance Blvd 23 18 16 19
N Redondo Beach/Golden Hills 14 9 11 14
N Redondo Beach/El Nido 5 5 10 11
Total Active Listings 134 99 124 143
Total Sales 34 49 70 63
Sales/Listings Ratio 25.4% 49.5% 56.5% 44.1%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 21 14 22
S Redondo Beach W of PCH 22 27 27
N Redondo Beach/Villas South 28 19 27
S Redondo Beach S of Torrance Blvd 22 29 23
S Redondo Beach N of Torrance Blvd 24 14 19
N Redondo Beach/Golden Hills 12 8 14
N Redondo Beach/El Nido 9 4 11
Total Active Listings 138 115 143

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

160

140

120 N Redondo Beach/Villas North

S Redondo Beach W of PCH
100 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
80
S Redondo Beach N of Torrance Blvd
60 N Redondo Beach/Golden Hills
N Redondo Beach/El Nido
40
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 2.0 2.0
S Redondo Beach W of PCH 3.0 5.0 2.0 4.0
N Redondo Beach/Villas South 7.0 1.0 2.0 2.0
S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0 4.0
S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0 3.0
N Redondo Beach/Golden Hills 2.0 2.0 1.0 1.0
N Redondo Beach/El Nido 5.0 - 3.0 2.0

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 2017 Months of Inventory Year-to-Year

4.0

3.5

3.0

2.5

2.0

2015 1.5
2016
2017 1.0

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 2.0 2.0

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 Summary
In April, Redondo Beach real estate investment struggled to secure forward traction as total sales dropped 10%, median sales price
declined 4.4%, median days to sell spiked 72.7%, and the sales-listing ratio decreased 21.9%. Total net listings did improve,
however, by 15.3%. Year-over-year months of inventory data point increased 50% from April 2016 to April 2017.

In March, C.A.R. reported Marchs solid sales performance was likely influenced by the specter of higher interest rates, which
may have pushed buyers off the sidelines and close escrow before rates moved higher.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/march2017sales?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 Mar 2017 Apr 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 70 63 -7 -10.0%
Median Sales Price 994,000 950,500 (43,500) -4.4%
Median Days to Sell 11 19 8 72.7%
Listings 124 143 19 15.3%
Sales/Listing Ratio 56.5% 44.1% -12.4% -21.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year Apr 2016 Apr 2017 Delta Delta Increase Decrease
Total Sales 87 63 -24 -27.6%
Median Sales Price 904,000 950,500 46,500 5.1%
Median Days to Sell 29 19 -10 -34.5%
Listings 115 143 28 24.3%
Months of Inventory 1.0 2.0 1 100.0%

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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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