C&C Market Insight March 2015

market insight

Market Insight 2015_March 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

T h e

S t r a n d

E x p e r t

3716 The Strand, Manhattan Beach

Whether you’re looking for an incredible new income property or the site of your new dream home on the legendary Manhattan Beach Strand—your search ends here.

Indeed, views abound from all three spacious units of this classic coastal triplex, each of which features 3 bedrooms, 2 bathrooms, and ample parking for 2 cars. It’s an amazing opportunity for you to live in one premium unit while renting out the other two for an impressive built-in income. Just steps from the sand and the bustling beachside enclave of El Porto, where you’ll find everything from award-winning restaurants, quaint cafes and hip coffee shops, to serene yoga studios, fun-filled sports bars and live music. Additional images at www.3716TheStrand.com • This amazing Strand property sits high above the bike path • 180-degree views from Malibu to the Pier to Catalina to PV • Rare Strand Triplex with 3 breathtaking balconies

• Spacious units each with a wall of west facing windows

• Covered garage parking for each unit • 3,503* square foot buildable full lot

SOLD for $6,000,000

Jennifer & Dave Caskey Strand@CaskeyAndCaskey.com

www.TheStrandExpert.com

* Buyer to verify

Jennifer & Dave Caskey Info@CaskeyAndCaskey.com

www.CaskeyAndCaskey.com

New Listing: 501 Manhattan Avenue, Manhattan Beach

501 Manhattan Ave., Manhattan Beach • Steps from the sand and shops on one of Manhattan Beach’s most desirable walk streets, this spectacular property is the ultimate in location and versatility. Boasting a spacious duplex with glorious views of the sparkling ocean, plus a charming separate home in back, this property gives you the covetable opportunity to live your beachside dream in one unit while renting out the other two!

Triplex Configuration: 2 Beds & 1.5 bath | Large studio | 2 Beds & 1.5 bath | 2,288* sf Living | 2,705* Lot | www.501ManhattanAve.com | Offered for $5,999,999

541 4th Street – MANHATTAN BEACH SAND SECTION

Set on one of MB’s most coveted streets, this magnificent home boasts over 3,500 square feet of living space and nearly 1,000 square feet of breathtaking, fully-appointed rooftop decks. You’ll love the natural light, luxurious finishes, beautiful views and unique character of this one-of-a-kind property that’s just steps from the greenbelt, downtown MB, Robinson Elementary and the sparkling Pacific Ocean. Will be offered at $3,989,000

Jennifer & Dave Caskey Info@CaskeyAndCaskey.com

www.CaskeyAndCaskey.com

Jennifer & Dave Caskey Info@CaskeyAndCaskey.com

www.CaskeyAndCaskey.com

Offered for $10,000,000

Jennifer & Dave Caskey Info@CaskeyAndCaskey.com

www.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 March 2015, based on data available at the end of February 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

Feb. 2014 Feb. 2015 % Change

Median Price

$1,953

$1,750

-10.4%

Average Price Per Sq. Foot

1014

974

-4%

Properties Sold

26

19

-27%

Properties Pending Sales

33

29

-12%

Properties for Sale

36

49

36%

Days on Market (Sold Homes)

52

39

-25%

Monthly Supply of Inventory

1.4

2.6

86%

Absorption Rate (closed sales)

72.2

38.8

-46%

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,953 $1,717

14-Feb

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

Caskey & Caskey

Key February Stats

Median Sales Price

$2,031,333

Average Sales Price (Closed)

Sold, 19

$2,446,500

Listings for Sale

49

Active, 49 Pending, 29

Under Contract

29

Sold

19

market insight

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Manhattan Beach

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Manhattan Beach

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Hermosa Beach Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$1,345

$1,450

8%

Average Price Per Sq. Foot

624

739

18%

Properties Sold

14

9

-36%

Properties Pending Sales

19

23

21%

Properties for Sale

36

22

-39%

Days on Market (Sold Homes)

22

93

323%

Monthly Supply of Inventory

2.6

2.4

-8%

Absorption Rate (closed sales)

38.9

40.9

5%

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

$1,480

$1,460

$1,437

$1,345

$1,450

$1,268

$1,230 $1,101

$1,640

$1,113

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

$1,000

$1,095

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

Caskey & Caskey

Key February Stats

Median Sales Price

$1,431,000

Average Sales Price (Closed)

$1,582,750

Sold, 9 Active, 22

Listings for Sale

22 Under Contract

Pending, 23

23 Sold

9

market insight

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Hermosa Beach

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Hermosa Beach

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Redondo Beach Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$756

$814

8%

Average Price Per Sq. Foot

462

465

0.65%

Properties Sold

52

47

-10%

Properties Pending Sales

81

85

5%

Properties for Sale

105

87

-17%

Days on Market (Sold Homes)

45

56

24%

Monthly Supply of Inventory

2

1.9

-5%

Absorption Rate (closed sales)

49.5

54

9%

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

$820

$788 $730

$719

$875

$845

$793

$813

$778

$765

$800

$814

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

Caskey & Caskey

Key February Stats

Median Sales Price

$858,000

Average Sales Price (Closed)

$920,083

Sold, 47 Active, 87

Listings for Sale

87

Pending, 85

Under Contract

85

Sold

47

market insight

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Redondo Beach

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Redondo Beach

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El Segundo Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$854

$814

-5%

Average Price Per Sq. Foot

487

511

5%

Properties Sold

2

11

450%

Properties Pending Sales

9

12

33%

Properties for Sale

14

10

-29%

Days on Market (Sold Homes)

60

90

50%

Monthly Supply of Inventory

7

0.9

-87%

Absorption Rate (closed sales)

14.3

110

669%

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

$854

$872

$845 $723

$808

$775

$838

$792

$849

$814

$694 $522

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

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

Caskey & Caskey

Key February Stats

Median Sales Price

$861,250

Average Sales Price (Closed)

$889,833

Sold 11

Active 10

Listings for Sale

10

Under Contract

Pending 12

12

Sold

11

market insight

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El Segundo

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El Segundo

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Torrance Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$512

$545

6%

Average Price Per Sq. Foot

382

398

4%

Properties Sold

80

79

-1%

Properties Pending Sales

87

115

32%

Properties for Sale

126

175

39%

Days on Market (Sold Homes)

54

45

-17%

Monthly Supply of Inventory

1.6

2.2

38%

Absorption Rate (closed sales)

63.5

45.1

-29%

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $512

$545

$530

$550

$570

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

$600 $535

14-Jul

$589 $544

$581

$585

$620

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

$545

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$608,833

Average Sales Price (Closed)

$634,583

Sold 79

Listings for Sale

175

Active 175

Pending 115

Under Contract

115 Sold

79

market insight

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Hawthorne Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$400

$365

-9%

Average Price Per Sq. Foot

294

319

9%

Properties Sold

19

18

-5%

Properties Pending Sales

23

35

52%

Properties for Sale

72

59

-18%

Days on Market (Sold Homes)

53

38

-28%

Monthly Supply of Inventory

3.8

3.3

-13%

Absorption Rate (closed sales)

26.4

30.5

16%

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $528 $444 $400

$473 $435

$465

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

$475

$516

$495 $440

$419

$455 $365

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

Caskey & Caskey

Key February Stats

Median Sales Price

$492,500

Average Sales Price (Closed)

$515,083

Sold 18

Listings for Sale

59

Active 59 Pending 35

Under Contract

35

Sold

18

market insight

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Lawndale Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$422

$515

16%

Average Price Per Sq. Foot

256

362

25%

Properties Sold

9

6

-13%

Properties Pending Sales

8

10

-43%

Properties for Sale

16

22

-26%

Days on Market (Sold Homes)

72

60

54%

Monthly Supply of Inventory

1.8

3.7

-17%

Absorption Rate (closed sales)

56.3

27.3

19%

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

$488 $422

$395

$423

$415

$451 $383

$417

$447

$415

$425

$335

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

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

Caskey & Caskey

Key February Stats

Median Sales Price

$460,917

Average Sales Price (Closed)

$454,500

Sold 6

Listings for Sale

22

Pending 10

Under Contract

10

Sold

6

market insight

Active 22

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Lomita Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$475

$420

-12%

Average Price Per Sq. Foot

369

336

-9%

Properties Sold

4

4

0%

Properties Pending Sales

10

15

50%

Properties for Sale

24

28

17%

Days on Market (Sold Homes)

35

63

80%

Monthly Supply of Inventory

6

7

17%

Absorption Rate (closed sales)

16.7

14.3

-14%

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

$517 $475

$478

$447

$550

$570

$520

$500

$485 $420

$381

14-Feb 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

Caskey & Caskey

Key February Stats

Median Sales Price

$521,583

Average Sales Price (Closed)

Sold 4

$529,917 Listings for Sale

Pending 15

28

Active 28

Under Contract

15 Sold

4

market insight

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Gardena Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$375

$400

7%

Average Price Per Sq. Foot

222

266

20%

Properties Sold

25

18

-28%

Properties Pending Sales

36

43

19%

Properties for Sale

63

60

-5%

Days on Market (Sold Homes)

63

56

-11%

Monthly Supply of Inventory

2.5

3.3

32%

Absorption Rate (closed sales)

39.7

30

-24%

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $416

$405 $395

$384

$383

$382 $375

$400

$395

$400

$387

$375 $365

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

14-Jul

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

Caskey & Caskey

Key February Stats

Median Sales Price

$421,833

Average Sales Price (Closed)

$410,250

Sold 25

Listings for Sale

60 Under Contract

Active 59

Pending 32

43 Sold

18

market insight

Compilation of Caskey & Caske

ey Manhattan Beach Sales 2014

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Palos Verdes Estates Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$1,425

$1,550

9%

625

684

9%

Properties Sold

9

14

56%

Properties Pending Sales

12

16

33%

Properties for Sale

38

41

8%

Days on Market (Sold Homes)

67

86

28%

Monthly Supply of Inventory

4.2

2.9

-31%

Absorption Rate (closed sales)

23.7

34.1

44%

Average Price Per Sq. Foot

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

$1,695 $1,425

$1,675 $1,408

$1,440

$1,860

$1,725

$1,408

$1,400

$1,480

$1,550

$1,160

14-Feb

14-Mar

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$1,768,833

Average Sales Price (Closed)

$2,347,250

Sold 14

Listings for Sale

41

Pending 16

Under Contract

16 Sold

14

market insight

Active 41

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Palos Verdes Estates

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Palos Verdes Estates

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Rancho Palos Verdes Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$915

$969

5.90%

Average Price Per Sq. Foot

424

496

17%

Properties Sold

22

26

18%

Properties Pending Sales

30

47

57%

Properties for Sale

88

102

16%

Days on Market (Sold Homes)

69

72

4%

Monthly Supply of Inventory

4

3.9

-3%

Absorption Rate (closed sales)

25

25.5

2%

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

$1,010 $915

$1,059

$1,088

$1,058

$1,175

$1,100 $1,011

$1,015

$889

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

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov 14-Dec

15-Jan

$969

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$1,127,833

Average Sales Price (Closed)

$1,276,833

Sold 26

Listings for Sale

102

Pending 47

Under Contract

47 Sold

26

market insight

Active 102

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Rancho Palos Verdes

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Rancho Palos Verdes

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Rolling Hills Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$-

$3,658

--

Average Price Per Sq. Foot

0

901

--

Properties Sold

0

3

--

Properties Pending Sales

1

3

200%

Properties for Sale

16

15

-6%

Days on Market (Sold Homes)

0

113

--

Monthly Supply of Inventory

16

5

-69%

Absorption Rate (closed sales)

0

20

--

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

$3,658

$3,300 $2,925

$2,785

$2,439

$-

14-Feb

$2,681

$-

14-Mar

$3,148

$2,845

$3,113

$-

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$2,718,250

Sold 3

Average Sales Price (Closed)

$2,787,667 Listings for Sale

Pending 3

15 Active 15

Under Contract

3

Sold

3

market insight

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Rolling Hills Estates Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$1,085

$1,280

17.97%

483

518

7%

Properties Sold

6

7

17%

Properties Pending Sales

8

10

25%

Properties for Sale

20

12

-40%

Days on Market (Sold Homes)

162

108

-33%

Monthly Supply of Inventory

3.3

1.7

-48%

Absorption Rate (closed sales)

30

58.3

94.3%

Average Price Per Sq. Foot

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

$1,085

$1,280 $1,071

$1,053

$1,115 $1,017

$1,180 $1,050 $900

$840

14-Feb

14-Mar

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

$925

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$1,162,583

Average Sales Price (Closed)

$1,284,833

Sold 7 Active 12

Listings for Sale

12

Under Contract

10

Pending 10

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

Feb. 2014 Feb. 2015 % Change

Median Price

$1,165

$1,035

-11%

Average Price Per Sq. Foot

821

883

8%

Properties Sold

41

38

-7%

Properties Pending Sales

57

62

9%

Properties for Sale

112

101

-10%

Days on Market (Sold Homes)

76

47

-38%

Monthly Supply of Inventory

2.7

2.7

0%

Absorption Rate (closed sales)

36.6

37.6

3%

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,385 $1,250

$1,165 $1,013

$1,500

$1,421 $1,239

$1,183

$1,272

$1,215

$1,035

$1,000

$899

14-Feb

14-Mar

14-Apr

14-May

14-Jun

14-Jul

14-Aug

14-Sep

14-Oct

14-Nov

14-Dec

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$1,298,083

Average Sales Price (Closed)

$1,707,583

Sold 38

Listings for Sale

101

Under Contract

Active 101

Pending 62

62

Sold

38

market insight

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Culver City Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$693

$692

0%

Average Price Per Sq. Foot

462

545

18%

Properties Sold

26

25

-4%

Properties Pending Sales

30

49

63%

Properties for Sale

34

39

15%

Days on Market (Sold Homes)

46

52

13%

Monthly Supply of Inventory

1.3

1.6

23%

Absorption Rate (closed sales)

76.5

64.1

-16%

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

$750

$708

$700

$693 $570

$610

$516

14-Feb 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

Caskey & Caskey

Key February Stats

Median Sales Price

$670,833

Average Sales Price (Closed)

$709,667

Sold 25 Active 39

Listings for Sale

39 Under Contract

49

Pending 49

Sold

25

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Mar Vista Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$750

$900

20%

Average Price Per Sq. Foot

644

551

-14%

Properties Sold

5

1

-80%

Properties Pending Sales

1

2

-80%

Properties for Sale

2

3

50%

Days on Market (Sold Homes)

79

23

-71%

Monthly Supply of Inventory

0.4

3

650%

Absorption Rate (closed sales)

250

33.3

-87%

* No sales recorded

Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,185

$823

$750

$905

$850

$-

14-Feb 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

Caskey & Caskey

Key February Stats

Median Sales Price

$699,583

Average Sales Price (Closed)

Sold 1

$702,833

Listings for Sale

3

Active 3 Pending 2

Under Contract

2

Sold

1

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Marina Del Rey Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$772

$1,400

81%

Average Price Per Sq. Foot

471

696

48%

Properties Sold

28

13

-54%

Properties Pending Sales

34

38

12%

Properties for Sale

91

67

-26%

Days on Market (Sold Homes)

79

73

-8%

Monthly Supply of Inventory

3.3

5.2

58%

Absorption Rate (closed sales)

30.8

19.4

-37%

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

$772

$705

$773

$850

$825

$740

$790

$801

$758

$790

$760

$826

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

Caskey & Caskey

Key February Stats

Median Sales Price

$899,167

Average Sales Price (Closed)

Sold 13

$1,122,750

Listings for Sale

67

Pending 38

Under Contract

38

Sold

13

market insight

Active 67

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Playa Del Rey Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$493

$1,030

109%

Average Price Per Sq. Foot

459

506

10%

Properties Sold

16

12

-25%

Properties Pending Sales

14

22

57%

Properties for Sale

24

23

-4%

Days on Market (Sold Homes)

70

67

-4%

Monthly Supply of Inventory

1.5

1.9

27%

Absorption Rate (closed sales)

66.7

52.2

-22%

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

$493

$512

$525

14-Feb 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

$527

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$652,333

Average Sales Price (Closed)

$808,917

Sold 12

Listings for Sale

Active 23

23

Under Contract

22

Pending 22

Sold

12

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Westchester Year Over Year

Feb. 2014 Feb. 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%

Feb. 2014 to Feb. 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 February 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

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Playa Vista Year Over Year

Feb. 2014 Feb. 2015 % Change

Median Price

$725

$935

29%

Average Price Per Sq. Foot

440

504

15%

Properties Sold

7

11

57%

Properties Pending Sales

10

13

30%

Properties for Sale

14

9

-36%

Days on Market (Sold Homes)

57

43

-25%

Monthly Supply of Inventory

2

0.8

-60%

Absorption Rate (closed sales)

50

122.2

144%

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

$935 $865

$725

$719

$769

$769

$715

$743

$745

$753

14-Sep

14-Oct

14-Nov 14-Dec

$773

$641

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

14-Jul

14-Aug

15-Jan

15-Feb

Caskey & Caskey

Key February Stats

Median Sales Price

$843,917

Average Sales Price (Closed)

$930,750

Active 9

Sold 11

Listings for Sale

9

Under Contract

Pending 13

13

Sold

11

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