Caskey Market Insight April 2015

market insight

Market Insight 2015_April SouthBay | PalosVerdes |Select Westside

Manhattan Beach 917 Manhattan Beach Blvd.

Manhattan Beach 3300 Highland Avenue

Manhattan Beach 916 Manhattan Avenue

Caskey & Caskey

Hermosa Beach 950 Artesia Blvd.

market insight

Redondo Beach 1009 Torrance Blvd.

El Segundo 431 Main Street

Palos Verdes Estates 16 Malaga Cove Plaza

1300 Highland avenue • Suites 204 & 205

Manhattan Beach

Discover an entirely new way to work at the South Bay’s most exclusive commercial address. Newly available, these two stunning, top level office condos are located at 1300 Highland Shops and Work Lofts—an incredibly unique boutique office complex that seamlessly blends work and pleasure for a lifestyle unlike any other.

Executive Office Suites #204-205 Available for purchase • Furnished or Unfurnished Offered by Caskey & Caskey at Shorewood Realtors | 310.200.1960 | Dave@CaskeyAndCaskey.com

Custom Cape

April 19, 2015 Open House Sunday 1-4 pm

ermosa H 2 8 0 4

a v e n u e

HERMOSA BEACH

California•90254

* Buyer to verify

2804 Hermosa Avenue. Stunning California Cape in one of the most coveted North Hermosa sand section locations.

Perfectly situated on a sunny corner lot just steps from the beach, with amazing whitewater views from Catalina to Malibu.

This impeccable 4 bedroom, 3.5 bath floorplan boasts over 3,700* square feet of living space, all expertly planned for modern beach living. Imagine entertaining on the home’s bright and open top floor, with ocean-view windows everywhere, where the spacious living room, dining area and expansive kitchen flow together onto the most incredible partially covered outdoor balcony that’s even large enough for outdoor dining. It’s truly a resort-style paradise! The top-of-the-line kitchen features Carrera marble counters and large center island with Viking cooktop and breakfast bar. More ocean views await in the impressive master suite, with walk-in closets, Carrera marble counters, a Jacuzzi tub, and lovely fireplace. A spacious family room is ready to entertain on the lower level! Complete with bar and fireplace, this room is just steps from the sand, so you can keep your beach party going well into the night! This is your chance to live in pure, oceanside luxury—make this California Dream your own!

Offered for $5,100,000

To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com

541 4th Street, Manhattan Beach Set on one of MB’s most coveted streets, this magnificent home boasts 3,500+ square feet of beautifully updated living space and nearly 1,200 square feet of breathtaking, fully-appointed rooftop decks. You’ll love the natural light, luxurious finishes, amazing views and unique character of this one-of-a-kind property that’s just steps from the greenbelt, downtown MB, schools and the sparkling Pacific Ocean! The lower level has a welcoming den/family room with fireplace that could also be used as a spacious 4th bedroom. Also on this level are an office, wine cellar, two bedrooms (one with a stylish en suite bathroom), a lovely hall bath and laundry area, and an oversized 2 car garage. Up the gorgeous staircase is the dramatic open dining room and living room with soaring vaulted ceilings, fireplace and tons of light. The chic chef’s kitchen is fully updated— you’ll adore this bright, beautiful space as much as the master bedroom, with its fireplace, private balcony and huge bathroom with stand-alone soaking tub and step-down spa shower. Last but certainly not least—the two amazing rooftop decks/patios with built-in BBQs, wet bars and awnings. Imagine enjoying the sunset here, entertaining friends al fresco, or simply soothing your cares away in the spa!

Offered for $3,989,000

Jennifer & Dave Caskey (310) 200-1960 Dave@CaskeyAndCaskey.com

www.CaskeyAndCaskey.com

Caskey T he

& Caskey

Strand

E x pe r t

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1540 The Strand, Hermosa Beach

T

New Corner Lot Construction | 5 Bedroom suites | 5.5 Bathrooms | 5,000+* sf of Living

his ultra-modern beach-front masterpiece located on a large corner lot is currently under construction, due for completion Summer 2015. It will feature a Strand level Recreational Beach Room with full bar and panoramic doors opening West & North. The 1st floor will feature an ocean front master suite plus 2 additional guest suites, while the upper level living spaces will offer panoramic ocean views from the entertainer’s kitchen, walls of disappearing doors, an upper level outdoor kitchen, family media lounge, & ocean view dining. Signature finishes make this unique property turn-key for the discerning buyer, with built-in customization throughout, the latest in home automation systems, property security systems, trend setting designer finishes and home efficiencies. The corner influence on this exceptional 52’ x 80’ lot allows for expansive beach-front indoor/outdoor space with hardscaped social area centered around a gas fire feature, custom outdoor kitchen, oceanfront sun patio and large outdoor dining area. Parking for 6 on-site! This distinctive home is available now for pre-completion purchase which will allow for owner customization of finishes.

Coming Soon A New Landmark G9 Development Offered for $16,000,000 View life on The Strand at www.TheStrandExpert.com. To discuss ownership opportunities, give Dave a call.

To view our showcase listings, aerial photography and videos: www.TheStrandExpert.com Jennifer & Dave Caskey | (310) 200-1960 | Strand@CaskeyAndCaskey.com

New Construction • Pre-Construction Sale 1540 The Strand, Hermosa Beach

Immaculate 6 Unit Building 2016 Ocean Dr., Manhattan Beach

Full Walk Street Lot with Duplex 501 Manhattan Ave., Manhattan Beach

A G9 ultra-modern beachfront masterpiece on a corner lot. Completion Summer Late 2015.

Beds Baths Living sf Offered For

Incredible ocean view property on one of the most coveted corner lots in the Sand Section

Steps from the sand & shops on a highly desirable walk street, this is the ultimate in location & versatility.

5

5.5

5,000+

$16,000,000

Beds

5

Baths

6

Living sf

3,401*

Offered For

$6,000,000

The Designer Lifestyle 1622 Gates Ave., Manhattan Beach

Hill Section Beach Bungalow 915 Boundary Pl., Manhattan Beach

Masterpiece pool home with designer details throughout, plus a separate Casita.

Buildable ocean view lot with updated home w/hardwood floors, backyard & deck

Beds

5

Baths

5.5

Living sf

5,500*

Offered For

$2,999,999

Beds

2

Baths

1

Living sf

840*

Offered For

$1,699,000

Executive Suites #204 & #205 1300 Highland Ave., Manhattan Beach

Landmark Home For Lease 1312 Manhattan Ave., Manhattan Beach

Discover an entirely new way to work at MB’s most exclusive commercial address.

A classic, coastal Craftsman just 2 blocks from the ocean & steps to the shops & restaurants.

Beds Baths Living sf Offered For

Suite

2

Baths

2

Working sf

640*

Offered For

$1,399,000

4

3

1,660

$11,000/mo

Beds

5

Baths

3.5

Living sf

2,288

Offered For

$5,999,999

COMING SOON!!!

901 13th St., Hermosa Beach

Single family residence with separate studio. Ocean views. Fixer Opportunity.

Beds

3

Baths

2

Living sf

1,242*

Offered For

$925,000

Sand Section - For Lease 216 21st Pl ., Manhattan Beach

This ocean view townhome is just steps to the sand. 2 car garage, plus guest parking.

Beds

3

Baths

3.5

Living sf

2,156

To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com

Offered For

$8,500/mo

Park Home

Showings by Appointment Rare Cape Code Home on Gas Lamp Street

21st

5 1 4 STREET

M A N H AT TA N B E AC H

* Buyer to verify

514 21st Street. Get ready to fall in love with every detail of this adorable home, from its storybook location and flickering street lamps to its luxurious finishes and family-friendly layout! Set on one of Manhattan Beach’s charming and coveted “gas lamp” streets, this gorgeous Cape Cod home is just a short walk from the best this beach town has to offer: the sparkling Pacific Ocean, the postcard-perfect Strand and Bike Path, downtown MB’s famous restaurants and shops, the lush and lively Live Oak Park, the bucolic “greenbelt” running/hiking path, award-winning schools and more! Indeed, the location couldn’t be better—and the inside of the house is beyond impressive, too. Featuring 2,800 square feet of living space, this 4 bedroom, 3.5 bath home is impeccable, with gleaming hardwood floors throughout, vaulted ceilings, top-of-the-line finishes, and a peacefully private layout that places all spacious bedrooms upstairs and all living/entertaining spaces downstairs. The huge kitchen, complete with granite counters, high-end stainless appliances, a breakfast nook and a center island, sits just off a spacious family room for comfy togetherness, while the formal living and dining rooms are ready to entertain in style.

Offered for $3,549,000

To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com

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Insight Guidance

Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo and Torrance. The Palos Verdes Market Insight report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates, (Palos Verdes Peninsula number are too small for meaningful tracking data), Santa Monica, Culver City, Mar Vista, Marina Del Rey, Westchester, Playa Del Rey and Playa Vista.

First, we examine Year Over Year statistics, compiled from carefully collected sales data. Percent change—which was calculated by subtracting past value from current value, and dividing that product by past value—gives you a quick snapshot of how each micro-market has improved or worsened over the past year for that particular metric.

Next, the Yearly Median Price graph tracks the median price of properties for each month over the past year. The median price is not the same as average price; it is the price of the property that falls in the middle of the total number of properties for sale in that particular micro-market.

Finally, the Key Stats section illustrates Median Sales Price, Average Sales Price of Closed Sales, Listings for Sale, Listings Under Contract, and Properties Sold.

On the next page you will find an explanation of how each value was determined.

were added. This is calculated by dividing Not to be confused with Average Price, the total number of homes for sale in Median Price is the price of the property a particular month by the number of that falls in the middle of the total homes that sold in that month. Four to number of properties for sale in that five months’ supply is average. A smaller particular micro-market. Extremely high number means there are more buyers and extremely low prices do not affect than sellers; a larger number means more the median the way they do the average. sellers than buyers.

MEDIAN PRICE:

AVERAGE PRICE PER SQUARE FOOT:

Found by taking the price of each property and dividing that by its square footage, then finding the average for all properties sold in the area that month.

PROPERTIES SOLD:

The number of properties that closed escrow and changed ownership during the month.

PROPERTIES UNDER CONTRACT:

The number of properties that are in escrow.

PROPERTIES FOR SALE:

The number of properties that are for sale on the market.

ABSORPTION RATE (CLOSED SALES):

This is the rate at which properties sell. It is found by taking the number of properties sold and dividing it by the total number of properties for sale.

This measures the inverse of Monthly Supply of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory.

PERCENT UNDER CONTRACT:

The ratio of properties for sale to properties pending sale.

AVERAGE MEDIAN PRICE:

DAYS ON MARKET (CLOSED SALES):

The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month

MONTHS SUPPLY OF INVENTORY:

LEGAL All reports are published April 2015, based on data available at the end of March 2015. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

The average number of days that properties were on the market, from date of initial listing to date they entered escrow.

The number of months it would take for all the current homes for sale in that micro-market to sell if no new listings

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City Index

Caskey & Caskey

Manhattan Beach

Rancho Palos Verdes

Hermosa Beach

Rolling Hills

Redondo Beach

Rolling Hills Estates

El Segundo

Santa Monica

Torrance

Culver City

Hawthorne

Mar Vista

Lawndale

Marina Del Rey

Lomita

Playa Del Rey

Gardena

Westchester

Palos Verdes Estate

Playa Vista

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Manhattan Beach Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$1,717

$1,690

-1.6%

Average Price Per Sq. Foot

896

955

7%

Properties Sold

33

34

3%

Properties Pending Sales

48

37

-23%

Properties for Sale

49

60

22%

Days on Market (Sold Homes)

44

47

7%

Monthly Supply of Inventory

1.5

1.8

20%

Absorption Rate (closed sales)

67.3

56.7

-16%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000)

$1,717

14-Mar

$1,850

$1,995

14-Apr 14-May

$1,890

$1,928

$2,100

$1,948

$2,200

$1,710

14-Jun

14-Jul

14-Aug

14-Sep

$1,700

14-Oct

14-Nov

14-Dec

$1,635

15-Jan

$1,750

15-Feb

$1,690

15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$2,009,417

Average Sales Price (Closed)

Sold, 34

$2,406,167

Active, 60

Listings for Sale

60

Under Contract

37

Pending, 37

Sold

34

market insight

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Hermosa Beach Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$1,101

$1,310

19%

Average Price Per Sq. Foot

658

1113

69%

Properties Sold

11

20

82%

Properties Pending Sales

25

18

-28%

Properties for Sale

36

28

-22%

Days on Market (Sold Homes)

43

48

12%

Monthly Supply of Inventory

3.3

1.4

-58%

Absorption Rate (closed sales)

30.6

71.4

133%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,553

$1,480

$1,460

$1,437 $1,268

$1,230 $1,101

$1,113

14-Mar 14-Apr 14-May 14-Jun

$1,000

$1,640

$1,450 $1,310

$1,095

14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$1,428,083

Average Sales Price (Closed)

$1,666,167 Listings for Sale

Sold, 20

28 Under Contract

Pending, 18

18 Sold

20

market insight

Active, 28

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Redondo Beach Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$788

$877

11%

Average Price Per Sq. Foot

439

495

12.76%

Properties Sold

84

88

5%

Properties Pending Sales

81

106

31%

Properties for Sale

115

83

-28%

Days on Market (Sold Homes)

50

50

0%

Monthly Supply of Inventory

1.4

0.9

-36%

Absorption Rate (closed sales)

73

106

45%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $820

$788 $730

$719

$875

$845

$877

$793

$813

$778

$765

$800

$814

14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$868,083

Average Sales Price (Closed)

$935,667

Sold, 88

Active, 83

Listings for Sale

83

Under Contract

Pending, 106

106

Sold

88

market insight

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El Segundo Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$723

$755

4%

Average Price Per Sq. Foot

526

506

-4%

Properties Sold

8

11

38%

Properties Pending Sales

12

12

0%

Properties for Sale

12

10

-17%

Days on Market (Sold Homes)

23

47

104%

Monthly Supply of Inventory

1.5

0.9

-40%

Absorption Rate (closed sales)

66.7

110

65%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $949

$872

$845 $723

$808

$775

$838

$817 $735

$694

$814

$755

$522

14-Mar 14-Apr 14-May 14-Jun

14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$845,583

Average Sales Price (Closed)

$884,417

Sold 11

Active 10

Listings for Sale

10

Under Contract

Pending 12

12

Sold

11

market insight

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Torrance Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$545

$535

-2%

Average Price Per Sq. Foot

383

395

3%

Properties Sold

95

101

6%

Properties Pending Sales

106

160

51%

Properties for Sale

157

149

-5%

Days on Market (Sold Homes)

39

59

51%

Monthly Supply of Inventory

1.7

1.5

-12%

Absorption Rate (closed sales)

60.5

67.8

12%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $523

14-Jan

$512

$545

$530

$550

$570

$600 $535

14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul

$589 $544

$581

$585

$620

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan

Caskey & Caskey

Key March Stats

Median Sales Price

$610,750

Average Sales Price (Closed)

$636,250

Sold 63

Listings for Sale

149

Active 160

Pending 116

Under Contract

160 Sold

101

market insight

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Hawthorne Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$444

$618

-9%

Average Price Per Sq. Foot

316

365

9%

Properties Sold

27

33

-5%

Properties Pending Sales

38

51

52%

Properties for Sale

67

51

-18%

Days on Market (Sold Homes)

52

49

-28%

Monthly Supply of Inventory

2.5

1.5

-13%

Absorption Rate (closed sales)

40.3

64.7

16%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $618

$528 $444

$473

$435

$465

$475

$516

$495 $440

$419

$455 $365

14-Mar 14-Apr 14-May 14-Jun

14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$510,667

Average Sales Price (Closed)

$525,917

Sold 33 Active 51

Listings for Sale

51

Under Contract

Pending 51

51

Sold

33

market insight

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Lawndale Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$335

$447

33%

Average Price Per Sq. Foot

322

370

15%

Properties Sold

7

7

0%

Properties Pending Sales

7

11

57%

Properties for Sale

15

24

60%

Days on Market (Sold Homes)

57

22

-61%

Monthly Supply of Inventory

2.1

3.4

62%

Absorption Rate (closed sales)

46.7

29.2

-37%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $515

$488 $395

$423

$415

$451 $383

$417

$447

$415

$425

$447

$335

14-Mar 14-Apr 14-May 14-Jun

14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$463,000

Average Sales Price (Closed)

$456,333

Sold 7

Listings for Sale

24

Pending 11

Under Contract

11

Sold

7

market insight

Active 24

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Lomita Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$447

$561

26%

Average Price Per Sq. Foot

314

380

21%

Properties Sold

14

11

-21%

Properties Pending Sales

15

18

20%

Properties for Sale

21

24

14%

Days on Market (Sold Homes)

62

33

-47%

Monthly Supply of Inventory

1.5

2.2

47%

Absorption Rate (closed sales)

66.7

45.8

-31%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $551

$517 $478

$447

$550

$570

$561

$520

$500

$485 $420

$381

14-Mar 14-Apr 14-May 14-Jun

$365

14-Jul

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$528,750

Average Sales Price (Closed)

$538,000

Sold 11

Listings for Sale

Active 24

24 Under Contract

Pending 18

18 Sold

11

market insight

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Gardena Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$395

$418

6%

Average Price Per Sq. Foot

281

294

5%

Properties Sold

39

32

-18%

Properties Pending Sales

38

42

11%

Properties for Sale

70

63

-10%

Days on Market (Sold Homes)

46

47

2%

Monthly Supply of Inventory

1.8

2

11%

Absorption Rate (closed sales)

55.7

50.8

-9%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $418

$416

$405 $395

$400

$395 $384

$383

$382

$400

$387

$375 $365

14-Mar 14-Apr 14-May 14-Jun

14-Jul

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$425,417

Average Sales Price (Closed)

$415,500

Sold 32

Listings for Sale

Active 63

63 Under Contract

Pending 42

42 Sold

32

market insight

Compilation of Caskey & Caske

ey Manhattan Beach Sales 2014

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Palos Verdes Estates Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$1,695

$1,600

-6%

Average Price Per Sq. Foot

699

622

-11%

Properties Sold

14

15

7%

Properties Pending Sales

19

19

0%

Properties for Sale

42

44

5%

Days on Market (Sold Homes)

47

90

91%

Monthly Supply of Inventory

3

2.9

-3%

Absorption Rate (closed sales)

33.3

34.1

2%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $3,000

$1,695

$1,675 $1,408

$1,440

$1,860

$1,725

$1,408

$1,400

$1,480

$1,550

$1,600

$1,160

14-Mar

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$1,783,417

Average Sales Price (Closed)

$2,374,583

Sold 15

Listings for Sale

44

Pending 19

Under Contract

19 Sold

15

market insight

Active 44

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Rancho Palos Verdes Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$1,010

$1,058

4.75%

Average Price Per Sq. Foot

495

505

2%

Properties Sold

37

36

-3%

Properties Pending Sales

49

64

31%

Properties for Sale

87

106

22%

Days on Market (Sold Homes)

77

56

-27%

Monthly Supply of Inventory

2.4

2.9

21%

Absorption Rate (closed sales)

42.5

34

-20%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,220 $1,025

$1,010

$1,059

$1,088

$1,058

$1,175

$1,100 $1,011

$1,015

$889

14-Mar 14-Apr 14-May 14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov 14-Dec

15-Jan

$1,058 $969

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$1,139,750

Average Sales Price (Closed)

$1,284,750

Sold 36

Listings for Sale

106

Active 106 Pending 64

Under Contract

64

Sold

36

market insight

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Rolling Hills Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$-

$3,400

--

Average Price Per Sq. Foot

0

945

--

Properties Sold

0

3

--

Properties Pending Sales

3

4

33%

Properties for Sale

17

15

-12%

Days on Market (Sold Homes)

0

134

--

Monthly Supply of Inventory

17

5

-71%

Absorption Rate (closed sales)

0

20

--

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $5,725

$3,658

$3,300 $2,925

$2,785

$2,439

$2,681

$-

14-Mar

$3,148

$2,845

$3,113

$3,400

$-

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$3,001,583

Sold 3

Average Sales Price (Closed)

$3,066,417 Listings for Sale

Pending 4

15

Active 15

Under Contract

4

Sold

3

market insight

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Rolling Hills Estates Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$840

$760

-9.52%

Average Price Per Sq. Foot

466

479

3%

Properties Sold

9

7

-22%

Properties Pending Sales

9

7

-22%

Properties for Sale

29

19

-34%

Days on Market (Sold Homes)

83

82

-1%

Monthly Supply of Inventory

3.2

2.7

-16%

Absorption Rate (closed sales)

31

36.8

18.7%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,300 $1,135

$1,280 $1,071

$1,053

$1,115 $1,017

$1,180 $1,050 $900

$840

14-Mar

$925 $760

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$1,135,500

Average Sales Price (Closed)

$1,277,250

Sold 7

Listings for Sale

19

Active 19 Pending 7

Under Contract

7

Sold

7

market insight

CASKEY & CASKEY Year Over Year

Sept. 2013 Sept. 2014 % Change

Get South Bay’s Leading Real Estate Team on Your Side

The Caskey & Caskey Difference

Innovative leaders in the real estate industry, with over 40 years of experience in the Southern California Market. Jennifer and Dave Caskey, along with their highly trained professional staff, offer quality service with uncompromising attention to each client’s real estate needs.

The Caskey & Caskey Team of Finer Home Specialists is renowned for creating engaging, effective marketing plans tailored to the inimitable style and emotional embrace of each home. This attention to detail, combined with their depth of experience, personalized approach, and commitment to their community, is what makes Caskey & Caskey the top real estate team in the South Bay. From initial meeting to final closing, you can count on Caskey & Caskey to make all of your real estate dreams come true.

Jennifer And Dave Caskey

#1 Team in Manhattan, Hermosa & Redondo Beach, Top Producers

Caskey & Caskey at Shorewood Realtors

Median Sales Price Average Sales Price (Closed) Listings for Sale Under Contract Sold

Based in Manhattan Beach, Shorewood Realtors has quietly created one of Southern California’s major real estate success stories. Founded in 1969, the firm has posted solid growth by focusing on the market it knows best—the popular South Bay region—and by building one of the industry’s most knowledgeable, highly-trained staff of real estate professionals.

According to the Greater South Bay Multiple Listing Service and other sources, those figures rank Shorewood as the largest independently owned and operated real estate brokerage in Los Angeles County, and the 52nd largest residential real estate firm in the nation.

At a time when discount brokerages, internet-based “virtual” offices and other boutique-type operations have made inroads in many local markets, Shorewood has grown by offering comprehensive, one-stop services. In addition to representing buyers and sellers, Shorewood offers mortgage, escrow, title and relocation services, through either in-house affiliates or preferred providers with which the company has long-standing relationships.

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Santa Monica Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$899

$1,200

33%

Average Price Per Sq. Foot

786

1112

41%

Properties Sold

46

62

35%

Properties Pending Sales

61

74

21%

Properties for Sale

124

119

-4%

Days on Market (Sold Homes)

56

54

-4%

Monthly Supply of Inventory

2.7

1.9

-30%

Absorption Rate (closed sales)

37.1

52.1

40%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,250 $1,013

$1,500

$1,421

$1,385

$1,239

$1,183

$1,272

$1,215

$1,000

$1,200 $998

$899

14-Mar

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$1,279,917

Average Sales Price (Closed)

$1,718,333

Sold 62

Listings for Sale

Active 119

119

Under Contract

Pending 74

74

Sold

62

market insight

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Culver City Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$516

$635

23%

Average Price Per Sq. Foot

438

506

16%

Properties Sold

21

46

119%

Properties Pending Sales

46

50

9%

Properties for Sale

37

44

19%

Days on Market (Sold Homes)

44

57

30%

Monthly Supply of Inventory

1.8

1

-44%

Absorption Rate (closed sales)

56.8

104.5

84%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $756

$750

$708

$700 $570

$635

$610

$516

14-Mar 14-Apr 14-May 14-Jun

$692

$575 $510

14-Jul

$505

$465

14-Aug 14-Sep

14-Oct

14-Nov 14-Dec

15-Jan

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$666,000

Average Sales Price (Closed)

$716,583

Active 44

Sold 46

Listings for Sale

44 Under Contract

Pending 50

50 Sold

46

market insight

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Mar Vista Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$-

$2,000

--

Average Price Per Sq. Foot

0

714

--

Properties Sold

0

1

--

Properties Pending Sales

2

3

--

Properties for Sale

3

1

-67%

Days on Market (Sold Homes)

0

37

--

Monthly Supply of Inventory

3

1

-67%

Absorption Rate (closed sales)

0

100

--

* No sales recorded

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $2,000

$1,185 $823

$905

$850

$-

14-Mar 14-Apr 14-May 14-Jun

$1,234 $900

$848

$-

14-Jul

$-

$900

$-

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec

15-Jan

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$803,750

Average Sales Price (Closed)

$802,083

Sold 1

Active 1

Listings for Sale

1

Under Contract

Pending 3

3

Sold

1

market insight

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Marina Del Rey Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$705

$846

20%

Average Price Per Sq. Foot

459

542

18%

Properties Sold

23

37

61%

Properties Pending Sales

27

30

11%

Properties for Sale

106

69

-35%

Days on Market (Sold Homes)

86

89

3%

Monthly Supply of Inventory

4.6

1.9

-59%

Absorption Rate (closed sales)

21.7

53.6

147%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,400

$705

$773

$850

$825

$740

$790

$801

$758

$790

$760

$826

$846

14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$905,333

Average Sales Price (Closed)

$1,125,667

Sold 37

Listings for Sale

Active 69

69

Under Contract

Pending 30

30

Sold

37

market insight

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Playa Del Rey Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$757

$555

-27%

Average Price Per Sq. Foot

509

482

-5%

Properties Sold

17

20

18%

Properties Pending Sales

19

27

42%

Properties for Sale

28

17

-39%

Days on Market (Sold Homes)

49

45

-8%

Monthly Supply of Inventory

1.6

0.9

-44%

Absorption Rate (closed sales)

60.7

117.6

94%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,030 $900 $757

$512

$525

14-Mar 14-Apr 14-May 14-Jun

$507

14-Jul

$506

14-Aug

$539

14-Sep

$505

14-Oct

$518

$509

14-Nov 14-Dec

$519

15-Jan

$555

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$656,833

Average Sales Price (Closed)

$827,000

Sold 20

Active 17

Listings for Sale

17

Under Contract

Pending 27

27

Sold

20

market insight

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Westchester Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$781

$826

6%

Average Price Per Sq. Foot

495

466

-6%

Properties Sold

10

6

-40%

Properties Pending Sales

18

4

-78%

Properties for Sale

13

3

-77%

Days on Market (Sold Homes)

54

68

26%

Monthly Supply of Inventory

1.3

0.5

-62%

Absorption Rate (closed sales)

76.9

200

160%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,313

$781

$810

$825

$813 $725

14-Mar 14-Apr 14-May 14-Jun

14-Jul

$850

$785

$790

$800

$782

$780

$826

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$906,667

Average Sales Price (Closed)

$936,083

Listings for Sale

3

Active 3

Sold 6

Under Contract

Pending 4

4

Sold

6

market insight

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Playa Vista Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$641

$785

22%

Average Price Per Sq. Foot

468

491

5%

Properties Sold

8

13

63%

Properties Pending Sales

14

18

29%

Properties for Sale

11

8

-27%

Days on Market (Sold Homes)

39

54

38%

Monthly Supply of Inventory

1.4

0.6

-57%

Absorption Rate (closed sales)

72.7

162.5

124%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $975

$935 $865

$719

$769

$769

$715

$743

$745

$753

14-Sep

14-Oct

14-Nov 14-Dec

$773

$785

$641

14-Mar 14-Apr 14-May 14-Jun

14-Jul

14-Aug

15-Jan

15-Feb 15-Mar

Caskey & Caskey

Key March Stats

Median Sales Price

$848,917

Average Sales Price (Closed)

$944,750

Active 8 Sold 13

Listings for Sale

8

Under Contract

Pending 18

18

Sold

13

market insight

CC

Westchester Year Over Year

Mar. 2014 Mar. 2015 % Change

Median Price

$825

$780

-5%

Average Price Per Sq. Foot

498

459

-8%

Properties Sold

9

3

-67%

Properties Pending Sales

9

4

-56%

Properties for Sale

14

5

-64%

Days on Market (Sold Homes)

51

84

65%

Monthly Supply of Inventory

1.6

1.7

6%

Absorption Rate (closed sales)

64.3

60

-7%

Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,313

$825

$781

$810

$825

$813 $725

14-Feb 14-Mar 14-Apr 14-May 14-Jun

14-Jul

$850

$785

$790

$800

$782

$780

14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb

Caskey & Caskey

Key March Stats

Median Sales Price

$906,583

Average Sales Price (Closed)

$946,500

Sold 3 Active 5

Listings for Sale

5

Under Contract

4

Pending 4

Sold

3

market insight

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Caskey & Caskey Finer Home Specialists

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Copyright 2013-2015 Caskey & Caskey and Shorewood Realtors

market insight

Connect with Caskey & Caskey www.CaskeyAndCaskey.com Facebook www.Facebook.com/CaskeyAndCaskeyRE YouTube http://www.youtube.com/caskeyandcaskey Twitter @CaskeyAndCaskey LinkedIn www.linkedin.com/in/caskeyandcaskey/ Instagram @CaskeyAndCaskeyRE Email Info@CaskeyAndCaskey.com Phone (424) 262-0060 Copyright 2013-2015 Caskey & Caskey and Shorewood Realtors