Redondo Beach

Residential Real Estate

Market Conditions
August 2017
 Key Statistics for August
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 August
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 97 17 21.3%
Median Sales Price 994,500 993,500 (1,000) -0.1%
Median Days to Sell 8 12 4 50.0%
Listings 135 137 2 1.5%
Sales/Listing Ratio 59.3% 70.8% 11.5% 19.4%
Months of Inventory 2.0 1.0 -1.0 -50.0%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 81 97 16 19.8%
Median Sales Price 959,000 993,500 34,500 3.6%
Median Days to Sell 34 12 -22 -64.7%
Listings 161 137 -24 -14.9%
Months of Inventory 2.0 1.0 -1 -50.0%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Jun Jul Aug
N Redondo Beach/Villas North 13 14 22
S Redondo Beach W of PCH 17 6 9
N Redondo Beach/Villas South 22 29 24
S Redondo Beach S of Torrance Blvd 12 10 12
S Redondo Beach N of Torrance Blvd 10 11 16
N Redondo Beach/Golden Hills 13 4 6
N Redondo Beach/El Nido 5 6 8
Total Sales 92 80 97

2017 Total Sales Month-to-Month by Map Area

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

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 15 14 22
S Redondo Beach W of PCH 15 14 9
N Redondo Beach/Villas South 18 20 24
S Redondo Beach S of Torrance Blvd 7 11 12
S Redondo Beach N of Torrance Blvd 11 11 16
N Redondo Beach/Golden Hills 7 10 6
N Redondo Beach/El Nido 2 1 8
Total Sales 75 81 97

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

100
90
80
N Redondo Beach/Villas North
70
S Redondo Beach W of PCH
60 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
50
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 Jun Jul Aug
N Redondo Beach/Villas North 950,000 907,500 962,500
S Redondo Beach W of PCH 987,000 935,000 1,105,000
N Redondo Beach/Villas South 871,000 1,000,000 897,750
S Redondo Beach S of Torrance Blvd 926,000 1,207,500 1,070,000
S Redondo Beach N of Torrance Blvd 1,087,500 1,235,000 1,313,800
N Redondo Beach/Golden Hills 1,090,000 1,112,500 1,115,650
N Redondo Beach/El Nido 770,000 798,500 799,500
Market Median Sales Price 956,325 994,500 993,500

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
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

-
Jun Jul Aug

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 839,000 942,000 962,500
S Redondo Beach W of PCH 705,000 882,033 1,105,000
N Redondo Beach/Villas South 706,200 858,000 897,750
S Redondo Beach S of Torrance Blvd 748,000 1,105,000 1,070,000
S Redondo Beach N of Torrance Blvd 995,000 1,050,000 1,313,800
N Redondo Beach/Golden Hills 935,000 1,037,500 1,115,650
N Redondo Beach/El Nido 1,092,250 816,000 799,500
Market Median Sales Price 795,000 959,000 993,500

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

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
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

-
2015 2016 2017

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 2017 Active Listings by Map Area

35

30

25
N Redondo Beach/Villas North
S Redondo Beach W of PCH 20
N Redondo Beach/Villas South
15
S Redondo Beach S of Torrance Blvd
S Redondo Beach N of Torrance Blvd 10
N Redondo Beach/Golden Hills
N Redondo Beach/El Nido 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
N Redondo Beach/Villas North 27 20 21 22 19 27 27 18
S Redondo Beach W of PCH 19 19 20 27 20 25 26 31
N Redondo Beach/Villas South 27 14 26 27 23 20 16 25
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24 24
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17 20
N Redondo Beach/Golden Hills 14 9 11 14 8 13 14 12
N Redondo Beach/El Nido 5 5 10 11 11 11 11 7
Total Active Listings 134 99 124 143 120 146 135 137

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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 19 27 27 18
S Redondo Beach W of PCH 19 19 20 27 20 25 26 31
N Redondo Beach/Villas South 27 14 26 27 23 20 16 25
S Redondo Beach S of Torrance Blvd 19 14 20 23 19 25 24 24
S Redondo Beach N of Torrance Blvd 23 18 16 19 20 25 17 20
N Redondo Beach/Golden Hills 14 9 11 14 8 13 14 12
N Redondo Beach/El Nido 5 5 10 11 11 11 11 7
Total Active Listings 134 99 124 143 120 146 135 137
Total Sales 34 49 70 63 77 92 80 97
Sales/Listings Ratio 25.4% 49.5% 56.5% 44.1% 64.2% 63.0% 59.3% 70.8%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 27 44 18
S Redondo Beach W of PCH 18 28 31
N Redondo Beach/Villas South 28 36 25
S Redondo Beach S of Torrance Blvd 23 16 24
S Redondo Beach N of Torrance Blvd 18 20 20
N Redondo Beach/Golden Hills 10 12 12
N Redondo Beach/El Nido 9 5 7
Total Active Listings 133 161 137

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

180

160

140 N Redondo Beach/Villas North

S Redondo Beach W of PCH
120
N Redondo Beach/Villas South
100 S Redondo Beach S of Torrance Blvd
80 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
60 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 2.0 1.0
S Redondo Beach W of PCH 3.0 5.0 2.0 4.0 3.0 1.0 4.0 3.0
N Redondo Beach/Villas South 7.0 1.0 2.0 2.0 2.0 1.0 1.0 1.0
S Redondo Beach S of Torrance Blvd 5.0 2.0 2.0 4.0 2.0 2.0 2.0 2.0
S Redondo Beach N of Torrance Blvd 12.0 5.0 2.0 3.0 2.0 3.0 2.0 1.0
N Redondo Beach/Golden Hills 2.0 2.0 1.0 1.0 2.0 1.0 4.0 2.0
N Redondo Beach/El Nido 5.0 - 3.0 2.0 1.0 2.0 2.0 1.0

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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 2.0 2.0 2.0 1.0

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 Summary
In August the Redondo Beach real estate market produced a 21.3% increase in closed escrows, a 1.5% improvement in net listings, and a 19.4%
spike in the sales-listing ratio metric. During this same period of time the median sales price dropped 0.1% while the median days to sell data
point surged 50%. Year-over-year months of inventory from August 2015 to 2016 decreased 50%.

In July, C.A.R. reported As we enter the second half of the year, we are likely to see some slowdown in sales that extends beyond the typical
seasonality change, said C.A.R. President Geoff McIntosh. While the rate of closed sales indicates that Californias housing market has
continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the housing
market by putting homeownership out of reach for too many households."
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/july2017sales/

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 July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 80 97 17 21.3%
Median Sales Price 994,500 993,500 (1,000) -0.1%
Median Days to Sell 8 12 4 50.0%
Listings 135 137 2 1.5%
Sales/Listing Ratio 59.3% 70.8% 11.5% 19.4%
Months of Inventory 2.0 1.0 -1.0 -50.0%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 81 97 16 19.8%
Median Sales Price 959,000 993,500 34,500 3.6%
Median Days to Sell 34 12 -22 -64.7%
Listings 161 137 -24 -14.9%
Months of Inventory 2.0 1.0 -1 -50.0%

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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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