Redondo Beach

Residential Real Estate

Market Conditions
January 2017
 Key Statistics for January
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 January
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 76 34 -42 -55.3%
Median Sales Price 919,500 927,000 7,500 0.8%
Median Days to Sell 15 49 34 226.7%
Listings 119 134 15 12.6%
Sales/Listing Ratio 63.9% 25.4% -38.5% -60.3%
Months of Inventory 2.0 4.0 2.0 100.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 55 34 -21 -38.2%
Median Sales Price 880,000 927,000 47,000 5.3%
Median Days to Sell 48 49 1 2.1%
Listings 119 134 15 12.6%
Months of Inventory 2.0 4.0 2 100.0%

= 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
S Redondo Beach W of PCH 6
N Redondo Beach/Villas South 4
S Redondo Beach S of Torrance Blvd 4
S Redondo Beach N of Torrance Blvd 2
N Redondo Beach/Golden Hills 7
N Redondo Beach/El Nido 1
Total Sales 34

2017 Total Sales Month-to-Month by Map Area

35

30

25 N Redondo Beach/Villas North

S Redondo Beach W of PCH
20 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
15 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
10
N Redondo Beach/El Nido
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 14 10 10
S Redondo Beach W of PCH 6 6 6
N Redondo Beach/Villas South 6 15 4
S Redondo Beach S of Torrance Blvd 8 10 4
S Redondo Beach N of Torrance Blvd 6 8 2
N Redondo Beach/Golden Hills 6 3 7
N Redondo Beach/El Nido 1 3 1
Total Sales 47 55 34

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

60

50

N Redondo Beach/Villas North

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

-
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
S Redondo Beach W of PCH 897,500
N Redondo Beach/Villas South 1,067,500
S Redondo Beach S of Torrance Blvd 1,097,500
S Redondo Beach N of Torrance Blvd 1,212,000
N Redondo Beach/Golden Hills 929,000
N Redondo Beach/El Nido 821,000
Market Median Sales Price 927,000

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 787,500 866,725 907,000
S Redondo Beach W of PCH 698,750 922,500 897,500
N Redondo Beach/Villas South 680,000 919,000 1,067,500
S Redondo Beach S of Torrance Blvd 781,950 895,000 1,097,500
S Redondo Beach N of Torrance Blvd 942,500 839,000 1,212,000
N Redondo Beach/Golden Hills 981,500 945,000 929,000
N Redondo Beach/El Nido 575,000 720,000 821,000
Market Median Sales Price 810,000 880,000 927,000

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

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

-
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
S Redondo Beach W of PCH 19
N Redondo Beach/Villas South 27
S Redondo Beach S of Torrance Blvd 19
S Redondo Beach N of Torrance Blvd 23
N Redondo Beach/Golden Hills 14
N Redondo Beach/El Nido 5
Total Active Listings 134

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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
S Redondo Beach W of PCH 19
N Redondo Beach/Villas South 27
S Redondo Beach S of Torrance Blvd 19
S Redondo Beach N of Torrance Blvd 23
N Redondo Beach/Golden Hills 14
N Redondo Beach/El Nido 5
Total Active Listings 134
Total Sales 34
Sales/Listings Ratio 25.4%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
N Redondo Beach/Villas North 24 14 27
S Redondo Beach W of PCH 20 32 19
N Redondo Beach/Villas South 33 19 27
S Redondo Beach S of Torrance Blvd 17 15 19
S Redondo Beach N of Torrance Blvd 20 20 23
N Redondo Beach/Golden Hills 8 12 14
N Redondo Beach/El Nido 11 7 5
Total Active Listings 133 119 134

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

140

120

100 N Redondo Beach/Villas North

S Redondo Beach W of PCH
80 N Redondo Beach/Villas South
S Redondo Beach S of Torrance Blvd
60 S Redondo Beach N of Torrance Blvd
N Redondo Beach/Golden Hills
40 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
S Redondo Beach W of PCH 3.0
N Redondo Beach/Villas South 7.0
S Redondo Beach S of Torrance Blvd 5.0
S Redondo Beach N of Torrance Blvd 12.0
N Redondo Beach/Golden Hills 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

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 Summary
Real estate activity in Redondo Beach during January was uninspiring as total sales dropped 55.3%, median days to sell spiked
226.7%, and the sales-listing ratio plummeted 60.3%. Thankfully the median sales price held steady by posting a 0.8% increase
while net listings improved 12.6%. Year-over-year months of inventory data point doubled from 2016 to 2017.

In January, C.A.R. reported Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much
of 2016, Californias housing market ended the year on a positive note, posting a moderate sales pace and home price
increases in December. http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?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 Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 76 34 -42 -55.3%
Median Sales Price 919,500 927,000 7,500 0.8%
Median Days to Sell 15 49 34 226.7%
Listings 119 134 15 12.6%
Sales/Listing Ratio 63.9% 25.4% -38.5% -60.3%
Months of Inventory 2.0 4.0 2.0 100.0%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 55 34 -21 -38.2%
Median Sales Price 880,000 927,000 47,000 5.3%
Median Days to Sell 48 49 1 2.1%
Listings 119 134 15 12.6%
Months of Inventory 2.0 4.0 2 100.0%

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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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