Redondo Beach

Residential Real Estate Market Conditions

September 2013

Key Statistics For September Sales 2013 Residential Sales Stats: July Sept Graph 2013 Residential Sales Stats: July Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July Sept Graph 2013 Median Sales Stats: July Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data

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Listings 2013 Active Listings by Map Area Graph 2013 Active Listings by Map Area Data 2013 Total Active Listings vs. Total Sales 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Year-to-Year Active Listings by Map Area:

Graph Data Sept Graph Sept Data

Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information

Key Statistics for September

Total Home Sales: 82 Median Sales Price Up $100K Median Days to Sell: 37 Current Active Listings: 165 Inventory Turnover: 2 Months Sales/Listing Ratio: 49.7% 26.2% from September 2012 15.4% from September 2012 32.7% from September 2012 21.1% from August 2013 45.0% from September 2012

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2013 Residential Sales Statistics: July - Sept

30

25

20 Sept Aug 10 July

15

0 N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido

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* See next slide for supportive data

2013 Residential Sales by Map Area N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Total Sales

Sept 16 15 23 11 8 3 6 82

Aug 17 14 20 10 13 10 5 89

July 19 15 26 20 11 1 8 100

YTD 127 100 163 101 84 65 47 687

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Total Sales by Map Area: Year-to-Year for September

90 80 70 60 50 40 30 20 10 0 N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Total Sales Sept 2013 Sept 2012 Sept 2011

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* See next slide for supportive data

Sales by Map Area: Year-to-Year for September N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Total Sales

2013 16 15 23 11 8 3 6 82

2012 14 11 10 9 8 8 5 65

2011 12 11 11 8 8 7 4 61

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2013 Median Sales Statistics: July - Sept

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo S Redondo N Redondo N Redondo Beach S of Beach N of Beach/Golden Beach/El Nido Torrance Blvd Torrance Blvd Hills Market Medians Sept Aug July

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* See next slide for supportive data

2013 Median Sales by Map Area N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Market Medians

Sept 797,500 750,000 695,000 825,000 885,000 800,000 685,000 750,000

Aug 817,500 785,000 730,000 825,800 960,000 810,000 555,000 783,500

July 605,000 925,000 687,000 820,750 885,000 790,000 557,500 752,500

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Median Sales Price by Map Area: Year-to-Year for September

900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo S Redondo N Redondo N Redondo Total Market Beach S of Beach N of Beach/Golden Beach/El Nido Sales Torrance Blvd Torrance Blvd Hills Medians Sept 2013 Sept 2012 Sept 2011

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* See next slide for supportive data

Median Sales Price by Map Area: Year-to-Year for September N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Total Market Sales Medians

2013 797,500 750,000 695,000 825,000 885,000 800,000 685,000 750,000

2012 637,500 614,500 610,000 720,000 672,000 725,000 630,000 650,000

2011 660,000 575,000 660,000 741,688 665,000 689,000 521,000 650,000

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2013 Active Listings by Map Area

50 45 40 35 30 25 20 15 10 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido

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* See next slide for supportive data

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct -

Nov -

Dec -

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 Total Active Listings 130 150 150 170 169 164 191 181 165 Total Sales 47 50 70 74 86 89 100 89 82 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7%

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2013 Total Active Listings vs. Total Sales

200 180 160 140 120 100 80 60 40 20 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Active Listings Total Sales

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* See next slide for supportive data

2013 Active Listings/Total Sales by Map Area

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct -

Nov -

Dec -

N Redondo Beach/Villas North 28 21 21 21 21 23 30 34 37 S Redondo Beach W of PCH 28 35 35 33 39 39 48 49 44 N Redondo Beach/Villas South 22 21 21 34 35 31 32 28 20 S Redondo Beach S of Torrance Blvd 21 30 30 30 28 22 30 19 14 S Redondo Beach N of Torrance Blvd 16 22 22 25 22 30 33 36 34 N Redondo Beach/Golden Hills 7 6 6 14 13 9 5 6 7 N Redondo Beach/El Nido 8 15 15 13 11 10 13 9 9 Total Active Listings 130 150 150 170 169 164 191 181 165 Total Sales 47 50 70 74 86 89 100 89 82 Sales/Listings Ratio 36.2% 33.3% 46.7% 43.5% 50.9% 54.3% 52.4% 49.2% 49.7%

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Active Listings by Map Area: Year-to-Year for September

60

50 Sept 2013 Sept 2012 Sept 2011

40

30

20

10

0 N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido

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* See next slide for supportive data

Active Listings by Map Area: Year-to-Year for September N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido Total Active Listings

2013 34 44 19 14 34 7 9 161

2012 35 40 40 25 32 16 16 204

2011 58 50 53 35 37 22 18 273

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2013 Months of Inventory by Map Area

21.00 20.00 19.00 18.00 17.00 16.00 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido

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* See next slide for supportive data

2013 Months of Inventory by Map Area N Redondo Beach/Villas North S Redondo Beach W of PCH N Redondo Beach/Villas South S Redondo Beach S of Torrance Blvd S Redondo Beach N of Torrance Blvd N Redondo Beach/Golden Hills N Redondo Beach/El Nido

Jan 2.8 3.5 1.4 21.0 2.7 1.2 4.0

Feb 1.8 5.8 2.1 6.0 3.7 1.0 3.0

Mar 1.8 3.4 1.5 1.4 1.8 3.3 2.0

Apr 1.2 3.3 2.6 3.0 5.0 1.3 1.6

May 1.2 3.3 1.9 2.2 1.6 1.2 11.0

Jun 2.3 3.3 1.4 1.7 2.7 0.7 1.4

Jul 1.6 3.2 1.2 1.5 3.0 5.0 1.6

Aug 2.0 3.5 1.4 1.9 2.8 0.6 1.8

Sep 2.3 2.9 0.9 1.3 4.3 2.3 1.5

Oct -

Nov -

Dec -

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Months of Inventory: Year-to-Year

7.0

6.0

5.0

4.0

2013 2012 2011

3.0

2.0

1.0

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

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* See next slide for supportive data

Months of Inventory: Year-to-Year 2013 2012 2011

Jan 2.6 3.5 1.4

Feb 3.0 5.8 2.1

Mar 1.9 3.4 1.5

Apr May 2.3 2.0 3.3 3.3 2.6 1.9

Jun 1.8 3.3 1.4

Jul 1.9 3.2 1.2

Aug 2.0 3.5 1.4

Sep 2.0 2.9 0.9

Oct 2.5 6.4

Nov 2.3 3.8

Dec 2.0 3.1

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Outlook for October

Based on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer activity will remain strong throughout October, and perhaps even thru the end of 2013. With this in mind supply increasing and buyers aggressively shopping Q4 of 2013 might prove very active! Thus, it is reasonable to conclude that sellers should negotiate strong purchase offers with reasonable terms. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from. Keep in mind Residential homes sales increased 26+% from September 2012 to 2013 Median sales price increased $100K from September 2012 to 2013 Median days to sell decreased 15.4% from September 2012 to 2013 Months of inventory is improving with significant declines seen throughout 2013 relative to 2012 Active listings in September 2013 totaled 161, which is down 21% from August And, the sales/listing ratio improved to 49.7%
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About the Mother & Son South Bay Real Estate Team
Serving South Bay Home Buyers and Sellers Since 1989 RE/MAX Top 4 Team in California 2012 RE/MAX 100% Club - 2011 Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010 Shorewood Realtors Top Producing Agent (Hassana 1989-2001) ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES
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Hassana Chahine
hassana@hhcrealestate.com 310-756-8949

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

Website: http://HHCRealEstate.com Listings: http://HHCRealEstate.com/featured-south-bay-homes MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings Blog: http://HHCRealEstate.com/real-estate-news/

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