Melanie Hane Real Estate South Bay Market Inventory Report

Page 1

SOUTH BAY / WESTSIDE INVENTORY Market J U N E 5 2 0 2 4 DRE 01088943 310.528.5164 melanie@melaniehane.com Melanie Hane
DRE 01088943 3105285164 melanie@melaniehane.com MelanieHane
5.09% Highest Inventory 2024 May 22 1.60 April 3 1.06 S O U T H B A Y 2023 2024 SELLER'S 261 416 1.59 314 275 1.14 Active Listings Pending Listings Inventory/ Months 32.48% Lowest Inventory 2024 39.47%
Homes JUNE 5, 2024 27 AverageDays OnMarket SOLD 39 Homes JUNE 7, 2023 SOLD 56 27 AverageDays OnMarket $1,747,966 MARKET AVERAGE SALES PRICE $2,254,921 S O U T H B A Y AVERAGE SALES PRICE 29.00%
Highest Inventory 2024 May 22 2.83 7.69% 18.64% E L S E G U N D O 2023 2024 SELLER’S 10 14 1.40 13 11 1.18 Active Listings Pending Listings Inventory/ Months April 24 0.54 Lowest Inventory 2024 9.09%
Homes JUNE 5, 2024 6 AverageDays OnMarket SOLD 1 Homes JUNE 7, 2023 SOLD 5 21 AverageDays OnMarket $1,518,200 MARKET AVERAGE SALES PRICE $2,625,000 E L S E G U N D O AVERAGE SALES PRICE 72.90%
11 20 1.82 Highest Inventory 2023 Jan. 11 15.00 M A N H A T T A N B E A C H
A
D 2023 2024 SELLER’S 38 14 2.71
Inventory/ Months May 17 2.10 Lowest Inventory 2023 90.00% 27.27% 49.01%
S
N
Active Listings Pending Listings

M A N H A T T A N B E A C H S A N D

Homes
AverageDays OnMarket SOLD 1 Homes JUNE
SOLD 1 15 7 AverageDays OnMarket $3,399,000 MARKET AVERAGE SALES PRICE $2,275,000 AVERAGE SALES PRICE
33.07%
JUNE 5, 2024
7, 2023

Listings

Highest Inventory 2023 Jan 18 3.00 20.00% 4.17% 2.50 6 M A
A
T R E E 2023 2024 SELLER’S 15
Feb. 22 0.83 Lowest Inventory 2023 25.00%
N H A T T
N B E A C H
12 5 2.40 Active Listings Pending
Inventory/ Months

A N H A T T A N B E A C H T R E E 12.15%

Homes
AverageDays OnMarket SOLD
Homes
SOLD
9 AverageDays OnMarket $3,860,000 MARKET AVERAGE SALES PRICE $3,390,833 AVERAGE SALES
JUNE 5, 2024 3
3
JUNE 7, 2023
2
PRICE M
Highest Inventory 2023 Aug. 24 16.00 10.00 1 M A N H A T T A N B E A C H H I L L 2023 2024 10 13 3 4.33 Active
Pending Listings Inventory/ Months Apr. 13 1.25 Lowest Inventory 2023 66.67% BUYER’S 23.08% 130.95%
Listings
Homes JUNE 5, 2024 0 AverageDays OnMarket SOLD 0 Homes JUNE 7, 2023 SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICEAVERAGE SALES PRICE M A
N H A T T A N B E A C H H I L L
Highest Inventory 2023 Jan. 25 3.67 81.82% 11.11% May 10 0.63 Lowest Inventory 2023 M A N
T A N B E A C H E A S T 2023 2024 SELLER’S 10 20 2.00 10 9 1.11 Active Listings Pending
Inventory/ Months
H A T
Listings
100.00%

A S T

Homes JUNE 5, 2024 14 AverageDays OnMarket SOLD 2 Homes JUNE 7, 2023 SOLD 6 53 AverageDays OnMarket $1,997,917 MARKET AVERAGE SALES PRICE $2,812,500 AVERAGE SALES PRICE M
40.77%
A N H A T T A N B E A C H E
Highest Inventory 2023 Feb. 8 8.00 Feb. 22 3.00 Lowest Inventory 2023 H E R
2023 2024 HEALTHY
22
22
50.00% 33.27%
M O S A B E A C H S A N D
6
3.67
4 5.50 Active Listings Pending Listings Inventory/ Months

S A N D

Homes
AverageDays OnMarket SOLD 1 Homes
SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICE
AVERAGE SALES PRICE H E R
JUNE 5, 2024 10 6
JUNE 7, 2023
$5,800,000
M O S A B E A C H

M O S A B E A

5 2 8 2 4.00 Active Listings Pending Listings Inventory/ Months

Highest Inventory 2023 Jan. 25 2.33 0.40 Mar. 15 0.50 Lowest Inventory 2023 H E R
H V A L L E Y 2023 2024 SELLER'S
C
150.00% 90.00% 75.00%
Homes
0 AverageDays OnMarket SOLD 0 Homes
SOLD
161 AverageDays OnMarket $2,500,000 MARKET AVERAGE SALES PRICEAVERAGE SALES PRICE H E R
B
H V A L L E
JUNE 5, 2024
JUNE 7, 2023
1
M O S A
E A C
Y
Highest Inventory 2023 Jan. 11 11.00 Feb. 8 0.83 Lowest Inventory 2023 28.57% H E R
A C H E A
2023 2024 SELLER’S
Inventory/ Months
25.00%
M O S A B E
S T
5 6 1.20 8 7 1.14 Active Listings Pending Listings
5.26%
Homes
112 AverageDays OnMarket SOLD 1 Homes
SOLD 4 60 AverageDays OnMarket $2,715,000 MARKET AVERAGE SALES PRICE AVERAGE SALES PRICE H E R M O S A B
A
29.09%
JUNE 5, 2024
JUNE 7, 2023
E
C H E A S T $1,925,000
Highest Inventory 2022 Sept. 28 2.16 Apr. 20 0.27 Lowest Inventory 2022 5.00% 16.00% N O R T H R E D O N D O B E A C H 2023 2024 SELLER'S 29 38 1.31 40 25 1.60 Active Listings Pending Listings Inventory/ Months 18.13%

R T H R E D O N D O B E A C H

Homes JUNE 5, 2024 18 AverageDays OnMarket SOLD 4 Homes JUNE 7, 2023 SOLD 6 37 AverageDays OnMarket $1,624,833 MARKET AVERAGE SALES PRICE $1,322,914 AVERAGE SALES PRICE N O
18.58%
Highest Inventory 2023 Jan. 18 4.00 141.79% 162.50% May 3 0.40 Lowest Inventory 2023 S O U
D O N D O B E A C H 2023 2024 SELLER'S 13 21 1.62 8 12 0.67 Active Listings Pending Listings Inventory/ Months 8.33%
T H R E
Homes JUNE
7 AverageDays OnMarket SOLD 2 Homes JUNE
SOLD 4 31 AverageDays OnMarket $2,082,222 MARKET AVERAGE SALES PRICE $1,606,000 AVERAGE SALES PRICE
22.87%
5, 2024
7, 2023
S O U T H R E D O N D O B E A C H
Highest Inventory 2024 Jan. 11 8.00 31.49% 14.29% May 11 0.44 Lowest Inventory 2024 S O U T H R E D O N D O B E A C H 2023 2024 SELLER’S 6 16 2.67 14 11 1.27 Active Listings Pending Listings Inventory/ Months W e s t o f P C H 45.45%
Homes
7 AverageDays OnMarket SOLD 2 Homes
SOLD 1 57 AverageDays OnMarket $1,400,000 MARKET AVERAGE SALES PRICE $1,842,000 AVERAGE SALES PRICE S O U T H R E D O N D O B E A C H W e s t o f P C H 31.57%
JUNE 5, 2024
JUNE 7, 2023

233.33%

362.96%

Highest Inventory 2024 Mar. 10 3.60 April 15 0.30 Lowest Inventory 2024
H O L L Y W O O D R I V I E R A 2023 2024 SELLER’S
Active
Pending Listings Inventory/ Months
8 10 1.25 3 11 0.27
Listings
27.27%
Homes JUNE 5, 2024 19 AverageDays OnMarket SOLD 3 Homes JUNE 7, 2023 SOLD 2 19 AverageDays OnMarket $1,612,750 MARKET AVERAGE SALES PRICE $2,214,000 AVERAGE SALES PRICE H O L L
O O D R I V I E R A 37.28%
Y W
Highest Inventory 2024 Mar. 15 4.00 40.00% Jan. 18 0.50 Lowest Inventory 2024 W A L T E R I A
SELLER’S
100.00% 70.00%
2023 2024
2 3 1.50 5 1 5.00 Active Listings Pending Listings Inventory/ Months
Homes
12 AverageDays OnMarket SOLD 1 Homes
2023 SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICE $1,330,000 AVERAGE SALES PRICE W A L T E R I A
JUNE 5, 2024
JUNE 7,
Highest Inventory 2024 Jan. 18 2.75 50.00% 57.89% Mar. 15 0.33 Lowest Inventory 2024 C E N T R A L T O R R A N C E 2023 2024 SELLER’S 17 4 0.24 8 14 0.57 Active
Pending Listings Inventory/ Months 50.00%
Listings
Homes
AverageDays OnMarket SOLD 1 Homes JUNE
2023 SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICE $525,000 AVERAGE SALES PRICE C E N T R A L T O R R A N C E
JUNE 5, 2024 4
7,
60.00% Highest Inventory 2024 Feb. 1 3.50 185.00% May 10 0.47 Lowest Inventory 2024 S O U T H T O R R A N C E 2023 2024 SELLER'S 14 8 0.57
25 0.20
Inventory/
44.00%
5
Active Listings Pending Listings
Months
Homes JUNE 5, 2024 209 AverageDays OnMarket SOLD 1 Homes JUNE 7, 2023 SOLD 5 9 AverageDays OnMarket $855,400 MARKET AVERAGE SALES PRICE AVERAGE SALES PRICE S O U T H T O R R A N C E $480,000 43.89%

12 6 0.50 8 3 2.67 Active Listings Pending Listings Inventory/ Months 25.00%

300.00%

Highest Inventory 2024 Jan. 18 4.00 Mar. 15 0.31 Lowest Inventory 2024 81.27% W E S T T O R R A N C E 2023 2024 SELLER’S
Homes JUNE 5, 2024 38 AverageDays OnMarket SOLD 2 Homes JUNE 7, 2023 SOLD 5 6 AverageDays OnMarket $1,238,640 MARKET AVERAGE SALES PRICE $1,447,500 AVERAGE SALES PRICE W E S T T O R R A N C E 16.86%
Highest Inventory 2024 Feb 8 2.50 54.55% 127.27% Mar. 1 0.59 Lowest Inventory 2024 N O R T H T O R R A N C E 2023 2024 SELLER'S 17 17 1.00 11 25 0.44 Active Listings Pending Listings Inventory/ Months 32.00%
Homes JUNE 5, 2024 0 AverageDays OnMarket SOLD 0 Homes JUNE 7, 2023 SOLD 4 6 AverageDays OnMarket $1,072,500 MARKET AVERAGE SALES PRICEAVERAGE SALES PRICE N O R T H T O R R A N C E
26.67% 46.67% Highest Inventory 2024 Mar.
Feb.
0.58 Lowest Inventory 2024 O L D T O R R A N C E 2023 2024 SELLER'S 10
a n d S o u t h E a s t 50.00%
15 2.00
15
11 1.10 15 20 0.75 Active Listings Pending Listings Inventory/ Months
Homes
AverageDays OnMarket SOLD 1 Homes JUNE
SOLD 1 3 AverageDays OnMarket $920,000 MARKET AVERAGE SALES PRICE $1,360,000 AVERAGE SALES PRICE O L D T O R R A N C E a n d
h
47.82%
JUNE 5, 2024 8
7, 2023
S o u t
E a s t
45.38% Highest Inventory 2023 Jan 18 2.80 30.77% P A L O
V E R D E S E S T A T E S 2023 2024 SELLER’S 27 51 1.89 39 30 1.30 Active Listings Pending
Inventory/ Months Mar. 1 0.89 Lowest Inventory 2023 10.00%
S
Listings
Homes JUNE 5, 2024 37 AverageDays OnMarket SOLD 5 Homes JUNE 7, 2023 SOLD 2 39 AverageDays OnMarket $3,382,500 MARKET AVERAGE SALES PRICE $4,778,350 AVERAGE SALES PRICE P A L O
V
R D
41.27%
S
E
E S E S T A T E S

4 12 9 4 2.25 Active Listings Pending Listings Inventory/ Months

Highest Inventory 2023 Jan. 4 9.00 3.00 Feb. 2 0.57

Lowest
R O L L I N G H I L L S 2023 2024 HEALTHY
" T h e G a t e s " 33.33% 33.33%
Inventory 2023
Homes JUNE 5, 2024 0 AverageDays OnMarket SOLD 0 Homes JUNE 7, 2023 SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICEAVERAGE SALES PRICE R O L L I N G H I L L S " T h e G a t e s "
7.14% 100.00% Highest Inventory 2024 Jan. 11 1.79 R A N C H O P A L O S V E R D E S 2023 2024 SELLER’S 45 92 2.04 43 42 1.02 Active
Pending
Inventory/ Months Mar. 8 0.93 Lowest Inventory 2024
Listings
Listings
113.95%

N C H O P A L O S V E R D E S

Homes
19 AverageDays OnMarket SOLD 7 Homes
SOLD 5 9 AverageDays OnMarket $1,454,000 MARKET AVERAGE SALES PRICE $1,641,857 AVERAGE SALES PRICE R
12.92%
JUNE 5, 2024
JUNE 7, 2023
A
Highest Inventory 2024 Jan 18 1.63 S A N P E D R O 2023 2024 SELLER'S 50 68 1.36 43 43 1.00 Active Listings Pending Listings Inventory/ Months Feb 15 0.97 Lowest Inventory 2024 16.28% 36.00% 58.14%
Homes JUNE
37 AverageDays OnMarket SOLD 11 Homes JUNE
SOLD 9 25 AverageDays OnMarket $824,194 MARKET AVERAGE SALES PRICE $971,023 AVERAGE SALES PRICE 17.82% S A N P E D R O
5, 2024
7, 2023
14.84% Highest Inventory 2024 Mar. 15 2.67 52.94% P L A Y A V I S T A 2023 2024 HEALTHY 8 26 3.25 17 6 2.83 Active Listings Pending Listings Inventory/ Months Feb. 15 0.75 Lowest Inventory 2024 33.33%
Homes JUNE 5, 2024 86 AverageDays OnMarket SOLD 3 Homes JUNE 7, 2023 SOLD 3 33 AverageDays OnMarket $1,050,000 MARKET AVERAGE SALES PRICE $2,040,000 AVERAGE SALES PRICE P L A Y A V I S T A 94.29%
W
E S T E R 2023 2024 SELLER’S 34 55 1.62 23 23 1.00 Active
Pending
Inventory/ Months 47.83% 139.13% 62.00% Highest Inventory 2023 Jan. 18 2.61 Feb. 22 0.71 Lowest Inventory 2023
E S T C H
Listings
Listings
Homes JUNE 5, 2024 34 AverageDays OnMarket SOLD 4 Homes JUNE 7, 2023 SOLD 6 15 AverageDays OnMarket $1,533,500 MARKET AVERAGE SALES PRICE $1,398,750 AVERAGE SALES PRICE W E S T C H E S T E R 8.79%
1.96% Highest Inventory 2024 Jan. 11 2.58 9.70% C U L V E R C I T Y 2023 2024 SELLER’S 34 50 1.47 51 38 1.34 Active Listings Pending Listings Inventory/ Months Mar 15 1.03 Lowest Inventory 2024 42.11%
Homes JUNE 5, 2024 31 AverageDays OnMarket SOLD 4 Homes JUNE 7, 2023 SOLD 8 9 AverageDays OnMarket $1,174,063 MARKET AVERAGE SALES PRICE $2,055,000 AVERAGE SALES PRICE C U L V E R C I T Y 75.03%
Highest Inventory 2024 Mar. 8 1.00 60.00% 20.00% Mar. 1 0.60 Lowest Inventory 2024 P L A Y A D E L R E Y 2023 2024 SELLER’S 12 32
20 15
Active
Inventory/
100.75%
2.67
1.33
Listings Pending Listings
Months
Homes JUNE 5, 2024 47 AverageDays OnMarket SOLD 4 Homes JUNE 7, 2023 SOLD 1 6 AverageDays OnMarket $1,101,000 MARKET AVERAGE SALES PRICE AVERAGE SALES PRICE P L A Y A D E L R E Y $773,500 100.75%
155.17% 12.50% Highest Inventory 2023 Mar. 8 2.45 Mar. 1 1.00 Lowest Inventory 2023 P A L M S / M A R V I S T A 2023 2024 SELLER’S 32 74 2.31 29 11 2.64 Active Listings Pending Listings Inventory/ Months
190.91%
Homes JUNE 5, 2024 30 AverageDays OnMarket SOLD 2 Homes JUNE 7, 2023 SOLD 4 13 AverageDays OnMarket $1,579,500 MARKET AVERAGE SALES PRICE $3,078,500 AVERAGE SALES PRICE P A L M S / M A R V I S T A 94.90%
Highest Inventory 2023 Feb 8 2.75 57.14% 170.69% Mar. 8 0.45 Lowest Inventory 2023 H O L L Y G L E N / D E L A I R E 2023 2024 SELLER'S 7 11 1.57 7 12 0.58 Active Listings Pending Listings Inventory/ Months 41.67%
Homes
2024 46 AverageDays OnMarket SOLD 3 Homes JUNE 7, 2023 SOLD 1 14 AverageDays OnMarket $1,375,000 AVERAGE SALES PRICE $1,283,333 AVERAGE SALES PRICE H O L L Y G L E N / D E L A I R E MARKET 6.67%
JUNE 5,
Highest Inventory 2024 Feb. 15 2.52 63.39% 8.96% I N G L E W O O D 2023 2024 SELLER’S 40 73 1.83 67 60 1.12 Active Listings Pending Listings Inventory/ Months Mar 1 1.92 Lowest Inventory 2024 33.33%
Homes JUNE 5, 2024 33 AverageDays OnMarket SOLD 2 Homes JUNE 7, 2023 SOLD 8 31 AverageDays OnMarket $702,250 MARKET AVERAGE SALES PRICE $789,500 AVERAGE SALES PRICE I N G L E W O O D 12.42%
Highest Inventory 2024 Jan. 18 4.50 8.13% 33.33% Mar. 1 1.43 Lowest Inventory 2024 H A W T H O R N E 2023 2024 16 18 1.13 27 22 1.23 Active Listings Pending Listings Inventory/ Months SELLER'S 27.27%
Homes
0 AverageDays OnMarket SOLD 0 Homes
SOLD 5 12 AverageDays OnMarket $797,000 MARKET AVERAGE SALES PRICEAVERAGE SALES PRICE H A W T H O R N E
JUNE 5, 2024
JUNE 7, 2023
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