Redondo Beach

Residential Real Estate

Market Conditions
June 2017
 Key Statistics for June
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 June
Month-to-Month Comparison May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 77 92 15 19.5%
Median Sales Price 1,070,000 956,325 (113,675) -10.6%
Median Days to Sell 10 9 -1 -10.0%
Listings 120 146 26 21.7%
Sales/Listing Ratio 64.2% 63.0% -1.2% -1.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 88 92 4 4.5%
Median Sales Price 930,500 956,325 25,825 2.8%
Median Days to Sell 19 9 -10 -52.6%
Listings 152 146 -6 -3.9%
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 Apr May Jun
N Redondo Beach/Villas North 11 21 13
S Redondo Beach W of PCH 7 8 17
N Redondo Beach/Villas South 17 15 22
S Redondo Beach S of Torrance Blvd 6 10 12
S Redondo Beach N of Torrance Blvd 7 10 10
N Redondo Beach/Golden Hills 10 5 13
N Redondo Beach/El Nido 5 8 5
Total Sales 63 77 92

2017 Total Sales Month-to-Month by Map Area

100
90
80
70 N Redondo Beach/Villas North
S Redondo Beach W of PCH
60 N Redondo Beach/Villas South
50 S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd
40 N Redondo Beach/Golden Hills
30 N Redondo Beach/El Nido
Total Sales
20
10
-
Apr May Jun

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 18 9 13
S Redondo Beach W of PCH 11 17 17
N Redondo Beach/Villas South 19 17 22
S Redondo Beach S of Torrance Blvd 12 19 12
S Redondo Beach N of Torrance Blvd 11 14 10
N Redondo Beach/Golden Hills 13 6 13
N Redondo Beach/El Nido 7 6 5
Total Sales 91 88 92

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

100
90
80
70 N Redondo Beach/Villas North
S Redondo Beach W of PCH
60 N Redondo Beach/Villas South
50 S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd
40 N Redondo Beach/Golden Hills
30 N Redondo Beach/El Nido
Total Sales
20
10
-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Apr May Jun
N Redondo Beach/Villas North 722,000 1,020,000 950,000
S Redondo Beach W of PCH 835,000 1,678,500 987,000
N Redondo Beach/Villas South 1,125,000 985,000 871,000
S Redondo Beach S of Torrance Blvd 1,307,500 1,190,000 926,000
S Redondo Beach N of Torrance Blvd 1,200,000 1,162,500 1,087,500
N Redondo Beach/Golden Hills 960,000 1,080,000 1,090,000
N Redondo Beach/El Nido 850,000 777,500 770,000
Market Median Sales Price 950,500 1,070,000 956,325

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

1,800,000

1,600,000

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

-
Apr May Jun

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 832,500 916,000 950,000
S Redondo Beach W of PCH 899,000 1,050,000 987,000
N Redondo Beach/Villas South 726,000 775,000 871,000
S Redondo Beach S of Torrance Blvd 990,000 1,070,000 926,000
S Redondo Beach N of Torrance Blvd 979,000 937,000 1,087,500
N Redondo Beach/Golden Hills 985,500 878,500 1,090,000
N Redondo Beach/El Nido 1,107,000 671,250 770,000
Market Median Sales Price 865,000 930,500 956,325

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

1,200,000

1,000,000

N Redondo Beach/Villas North

800,000
S Redondo Beach W of PCH
N Redondo Beach/Villas South
600,000 S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd
400,000 N Redondo Beach/Golden Hills
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 21 22 19 27
S Redondo Beach W of PCH 19 19 20 27 20 25
N Redondo Beach/Villas South 27 14 26 27 23 20
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25
N Redondo Beach/Golden Hills 14 9 11 14 8 13
N Redondo Beach/El Nido 5 5 10 11 11 11
Total Active Listings 134 99 124 143 120 146

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 2017 Total Active Listings vs. Total Sales

160
140
120
100
80
60
Total Active Listings
Total Sales 40
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 19 27
S Redondo Beach W of PCH 19 19 20 27 20 25
N Redondo Beach/Villas South 27 14 26 27 23 20
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25
N Redondo Beach/Golden Hills 14 9 11 14 8 13
N Redondo Beach/El Nido 5 5 10 11 11 11
Total Active Listings 134 99 124 143 120 146
Total Sales 34 49 70 63 77 92
Sales/Listings Ratio 25.4% 49.5% 56.5% 44.1% 64.2% 63.0%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 31 21 27
S Redondo Beach W of PCH 15 39 25
N Redondo Beach/Villas South 30 33 20
S Redondo Beach S of Torrance Blvd 21 24 25
S Redondo Beach N of Torrance Blvd 18 22 25
N Redondo Beach/Golden Hills 9 8 13
N Redondo Beach/El Nido 6 5 11
Total Active Listings 130 152 146

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

160

140

120 N Redondo Beach/Villas North

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

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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 2.0 2.0 2.0 2.0

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 Summary
Redondo Beach real estate activity in June produced a 19.5% increase in total sales, a 21.7% improvement in net listings, and a
10% drop in median days to sell. However, the median sales price dropped $113,675 or 10.6% while the sales-listing ratio fell 1.9%
month-over-month. Year-over-year months of inventory data point showed a net 0% change from June 2016 to 2017.

In May, C.A.R. reported Californias housing market rebounded in May as existing home sales and median home price
recorded strong gains on both a monthly and annual basis, a trend in every major region of the state.
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/may2017sales?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 May 2017 June 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 77 92 15 19.5%
Median Sales Price 1,070,000 956,325 (113,675) -10.6%
Median Days to Sell 10 9 -1 -10.0%
Listings 120 146 26 21.7%
Sales/Listing Ratio 64.2% 63.0% -1.2% -1.9%
Months of Inventory 2.0 2.0 0.0 0.0%
Monthly Comparison Year-to-Year June 2016 June 2017 Delta Delta Increase Decrease
Total Sales 88 92 4 4.5%
Median Sales Price 930,500 956,325 25,825 2.8%
Median Days to Sell 19 9 -10 -52.6%
Listings 152 146 -6 -3.9%
Months of Inventory 2.0 2.0 0 0.0%

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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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