South Bay/Westside Market Inventory Report | May 15, 2024 | Palm Realty Boutique

Page 1

SOUTH BAY / WESTSIDE

M
0 2 4
INVENTORY Market
A Y 1 5 , 2
6.49% Highest Inventory 2023 Jan. 11 2.45 May 10 1.10 S O U T H B A Y 2023 2024 SELLER'S 274 412 1.50 314 293 1.07 Active Listings Pending Listings Inventory/ Months 31.21% Lowest Inventory 2023 40.19%
Homes MAY 15, 2024 34 AverageDays OnMarket SOLD 45 Homes MAY 17, 2023 SOLD 79 23 AverageDays OnMarket $1,892,294 MARKET AVERAGE SALES PRICE $1,845,949 S O U T H B A Y AVERAGE SALES PRICE 2.45%
Highest Inventory 2023 Jan. 11 6.50 15.79% 7.83% E L S E G U N D O 2023 2024 SELLER’S 8 16
19 7
Active
Pending
Inventory/ Months Mar. 8 1.25 Lowest Inventory 2023 14.29%
2.00
2.71
Listings
Listings
Homes MAY 15,
0 AverageDays OnMarket SOLD 0 Homes MAY
SOLD 2 43 AverageDays OnMarket $1,022,500 MARKET AVERAGE SALES PRICEE L S E G U N D O AVERAGE SALES PRICE
2024
17, 2023
10 21 2.10 Highest Inventory 2023 Jan. 11 15.00 M A N H A T T A N B E A C H S A N D 2023 2024 HEALTHY 44 12
Active
Pending
Inventory/ Months May 17 2.10 Lowest Inventory 2023 109.52% 20.00% 74.76%
3.67
Listings
Listings

N H A T

A N B E A C H S A N D

Homes MAY 15, 2024 249 AverageDays OnMarket SOLD 1 Homes MAY
SOLD 2 6 AverageDays OnMarket $5,100,000 MARKET AVERAGE SALES PRICE $7,400,000 AVERAGE SALES PRICE M
45.09%
17, 2023
A
T
Highest Inventory 2023 Jan 18 3.00 14.29% 18.50% 1.63 8 M A
A
B
H T R E E 2023 2024 SELLER’S 13
Feb. 22 0.83 Lowest Inventory 2023 7.14%
N H A T T
N
E A C
14 7 2.00 Active Listings Pending Listings Inventory/ Months

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

Homes MAY
154 AverageDays OnMarket SOLD 1 Homes MAY
SOLD 3 15 AverageDays OnMarket $3,879,333 MARKET AVERAGE SALES PRICE $2,378,000 AVERAGE SALES PRICE M
15, 2024
17, 2023
A
38.78%
Highest
M A N H A T
A
B
A C H H I L L
HEALTHY
Apr. 13 1.25 Lowest Inventory 2023 50.00% 27.27% 45.45%
Inventory 2023 Aug. 24 16.00 4.00 2
T
N
E
2023 2024
8 11 4 2.75 Active Listings Pending Listings Inventory/ Months

N H A T T A N B E A C H H I L L

Homes
34 AverageDays OnMarket SOLD 1 Homes MAY
SOLD 2 11 AverageDays OnMarket $6,575,000 MARKET AVERAGE SALES PRICE $5,746,214 AVERAGE SALES PRICE M
12.61%
MAY 15, 2024
17, 2023
A
Highest Inventory 2023 Jan. 25 3.67 349.06% 52.94% 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
111.11%
H A T
8 19 2.38 9 17 0.53 Active Listings Pending Listings Inventory/ Months

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

Homes MAY 15, 2024 17 AverageDays OnMarket SOLD 3 Homes MAY 17, 2023 SOLD 4 29 AverageDays OnMarket $1,785,000 MARKET AVERAGE SALES PRICE $2,873,333 AVERAGE SALES PRICE
60.97%
M A N
Highest Inventory 2023 Feb. 8 8.00 13.64% Feb. 22 3.00 Lowest Inventory 2023 H E R
A C H S A N D 2023 2024 HEALTHY
22
25.00% 30.91%
M O S A B E
5 19 3.80
4 5.50 Active Listings Pending Listings Inventory/ Months

R M O S A B E A C H S A N D

Homes MAY
2024 30 AverageDays OnMarket SOLD 2 Homes MAY
SOLD 4 21 AverageDays OnMarket $3,707,906 MARKET AVERAGE SALES PRICE $2,075,000 AVERAGE SALES PRICE H
44.04%
15,
17, 2023
E

6 4 8 4 2.00 Active Listings Pending Listings Inventory/ Months

Highest Inventory 2023 Jan. 25 2.33 0.67 Mar. 15 0.50 Lowest Inventory 2023 H E R
H V A L L E Y 2023 2024 SELLER'S
50.00% 66.50% 50.00%
M O S A B E A C

MAY 17, 2023

Homes
OnMarket SOLD
Homes
SOLD
MARKET AVERAGE SALES PRICE
H
MAY 15, 2024 0 AverageDays
0
1 0 AverageDays OnMarket $3,100,000
AVERAGE SALES PRICE
E R M O S A B E A C H V A L L E Y -

3 7 2.33 4 8 0.50 Active Listings Pending Listings Inventory/ Months

75.00%

366.00%

Highest Inventory 2023 Jan. 11 11.00 Feb. 8 0.83 Lowest Inventory 2023 62.50% H E R
A C H E
2023 2024 SELLER’S
M O S A B E
A S T
Homes
0 AverageDays OnMarket SOLD 0 Homes MAY
2023 SOLD 0 0 AverageDays OnMarketMARKET AVERAGE SALES PRICEAVERAGE SALES PRICE H E R M O
A B
MAY 15, 2024
17,
S
E A C H E A S T
Highest Inventory 2022 Sept. 28 2.16 Apr. 20 0.27 Lowest Inventory 2022 6.06% 8.33% N O R T H R E D O N D O B E A C H 2023 2024 SELLER'S 39 31 0.79 33 36 0.92 Active Listings Pending Listings Inventory/ Months 14.13%

R T H R E D O N D O B E A C H 7.11%

Homes
11 AverageDays OnMarket SOLD 10 Homes
SOLD
21 AverageDays OnMarket $1,406,375 MARKET AVERAGE SALES PRICE
AVERAGE
N
MAY 15, 2024
MAY 17, 2023
7
$1,506,400
SALES PRICE
O
Highest Inventory 2023 Jan. 18 4.00 142.86% 90.00% May 3 0.40 Lowest Inventory 2023 S O U T
E D O N D O B E A C H 2023 2024 SELLER'S 14 19 1.36 10 18 0.56 Active Listings Pending Listings Inventory/ Months
H R
22.22%

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

Homes
57 AverageDays OnMarket SOLD 2 Homes
SOLD 7 24 AverageDays OnMarket $1,519,857 MARKET AVERAGE SALES PRICE $1,320,000 AVERAGE SALES
MAY 15, 2024
MAY 17, 2023
PRICE S
13.15%
Highest Inventory 2023 Jan. 11 8.00 200.00% 160.00% May 11 0.44 Lowest Inventory 2023 S O U T H R E D O N D O B E A C H 2023 2024 SELLER’S 12 13 1.08 5 14 0.36 Active Listings Pending Listings Inventory/ Months W e s t o f P C H 14.29%
Homes
30 AverageDays OnMarket SOLD 2 Homes
SOLD 2 8 AverageDays OnMarket $1,277,000 MARKET AVERAGE SALES PRICE $2,662,000 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 108.46%
MAY 15, 2024
MAY 17, 2023
Highest Inventory 2023 Aug. 10 3.60 Mar. 16 0.30 Lowest Inventory 2023 10.00% 76.00% H O L L Y W O O D R I V I E R A 2023 2024 SELLER’S
11
10
Active Listings Pending Listings Inventory/ Months 37.50%
5
2.20
8 1.25

MAY 17, 2023

Homes
AverageDays OnMarket SOLD 0 Homes
SOLD
AverageDays OnMarket
MARKET AVERAGE SALES PRICE -
H O L L Y W O O D R I V I E R A
MAY 15, 2024 0
2 7
$2,050,550
AVERAGE SALES PRICE
Highest Inventory 2023 Mar. 15 4.00 33.33% Jan. 18 0.50 Lowest Inventory 2023 W A L T E R I A 2023 2024 SELLER’S
6 4 0.67 3 2 1.50 Active Listings Pending Listings Inventory/ Months 200.00% 53.33%

MAY 15, 2024

MAY 17, 2023

Homes
SOLD
Homes
SOLD
MARKET
W A L T E R I A 77.83%
5 AverageDays OnMarket
1
2 7 AverageDays OnMarket $1,082,500
AVERAGE SALES PRICE $1,925,000 AVERAGE SALES PRICE
Highest Inventory 2023 Jan. 18 2.75 60.00% Mar. 15 0.33 Lowest Inventory 2023 C E N T R A L T O R R A N C E 2023 2024 SELLER’S 16 8 0.50 6 10 0.60 Active
Inventory/ Months 33.33% 16.67%
Listings Pending Listings
Homes
AverageDays OnMarket SOLD
Homes
SOLD 1 7 AverageDays OnMarket $800,000 MARKET AVERAGE SALES PRICE
AVERAGE SALES
C E N T R A L T O R R A N C E 62.38%
MAY 15, 2024 11
2
MAY 17, 2023
$1,299,000
PRICE
35.71% Highest Inventory 2023 Feb. 1 3.50 28.13% May 10 0.47 Lowest Inventory 2023 S O U T H T O R R A N C E 2023 2024 SELLER'S
50.00%
11 9 0.82 14 22 0.64 Active Listings Pending Listings Inventory/ Months
Homes MAY 15, 2024 22 AverageDays OnMarket SOLD 5 Homes MAY 17, 2023 SOLD 4 10 AverageDays OnMarket $1,200,000 MARKET AVERAGE SALES PRICE AVERAGE SALES PRICE S O U T H T O R R A N C E $1,072,000 10.67%

9 8 0.89 5 6 0.83 Active Listings Pending Listings Inventory/ Months

Highest Inventory 2023 Jan. 18 4.00 Mar. 15 0.31 Lowest Inventory 2023 7.23% W E S T T O R R A N C E 2023 2024 SELLER’S
60.00% 50.00%
Homes
0 AverageDays OnMarket SOLD 1 Homes MAY
SOLD 1 11 AverageDays OnMarket $1,286,320 MARKET AVERAGE SALES PRICE $1,650,000 AVERAGE SALES PRICE W E S T T O R R A N C E 28.27%
MAY 15, 2024
17, 2023
Highest Inventory 2023 Feb 8 2.50 53.85% 69.35% Mar. 1 0.59 Lowest Inventory 2023 N O R T H T O R R A N C E 2023 2024 SELLER'S 19 20 1.05 13 21 0.62 Active Listings Pending Listings Inventory/ Months 9.52%
Homes MAY
AverageDays OnMarket SOLD 2 Homes MAY
SOLD 3 9 AverageDays OnMarket $1,234,333 MARKET AVERAGE SALES PRICE $1,020,000 AVERAGE SALES PRICE N O R T H T O R R A N C E 17.36%
15, 2024 9
17, 2023
44.44% 1.77% Highest
Lowest
O L D T
R R A N C E 2023 2024 SELLER'S
a
o u t h E a s t 43.75%
Inventory 2023 Mar. 15 2.00 Feb. 15 0.58
Inventory 2023
O
9 10 1.11 18 16 1.13 Active Listings Pending Listings Inventory/ Months
n d S
Homes MAY 15, 2024 32 AverageDays OnMarket SOLD 1 Homes MAY 17, 2023 SOLD 5 13 AverageDays OnMarket $935,400 MARKET AVERAGE SALES PRICE $1,152,500 AVERAGE SALES PRICE O L D T O R R A N C E a n d S o u t h E
23.21%
a s t
12.50% 25.32% Highest Inventory 2023 Jan 18 2.80 P A L O S V E R D E S E S T A T E S 2023 2024 SELLER’S 27 52 1.93 37 26 1.42 Active Listings Pending
Inventory/ Months Mar. 1 0.89 Lowest Inventory 2023 40.54%
Listings
Homes MAY 15, 2024 39 AverageDays OnMarket SOLD 2 Homes MAY 17, 2023 SOLD 5 39 AverageDays OnMarket $2,602,500 MARKET AVERAGE SALES PRICE $1,562,500 AVERAGE SALES PRICE P A L O S V
R D
39.96%
E
E S E S T A T E S

5 11 11 5 2.20 Active Listings Pending Listings Inventory/ Months

Highest Inventory 2023 Jan. 4 9.00 2.20 Feb. 2 0.57 Lowest Inventory 2023

R O L L I N G H I L L S 2023 2024 SELLER’S
" T h e
G a t e s "

MAY 15, 2024

MAY 17, 2023

Homes
0 AverageDays OnMarket SOLD 0 Homes
SOLD
AverageDays OnMarket $4,450,000 MARKET AVERAGE SALES PRICEAVERAGE SALES
R O L L I N G
"
1 28
PRICE
H I L L S
T h e G a t e s "
4.17% 102.35% Highest Inventory 2023 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 50 86 1.72 41 48 0.85 Active Listings Pending
Inventory/ Months Mar. 8 0.93 Lowest Inventory 2023
Listings
109.76%
Homes MAY 15, 2024 50 AverageDays OnMarket SOLD 9 Homes MAY 17, 2023 SOLD 15 46 AverageDays OnMarket $1,642,637 MARKET AVERAGE SALES PRICE $1,786,111 AVERAGE SALES PRICE R A N
O P A L
R
8.73%
C H
O S V E
D E S
Highest Inventory 2023 Jan 18 1.63 S A N P E D R O 2023 2024 SELLER'S 43 61 1.42 53 39 1.36 Active Listings Pending Listings Inventory/ Months Feb 15 0.97 Lowest Inventory 2023 10.26% 4.42% 15.09%
Homes MAY
48 AverageDays OnMarket SOLD 9 Homes MAY
SOLD 11 28 AverageDays OnMarket $879,795 MARKET AVERAGE SALES PRICE $1,926,111 AVERAGE SALES PRICE 118.93% S A N P E D R O
15, 2024
17, 2023
26.15% Highest Inventory 2023 Mar. 15 2.67 38.46% P L A Y A V I S T A 2023 2024 SELLER’S 11 18 1.64 13 10 1.30 Active
Pending Listings Inventory/ Months Feb. 15 0.75 Lowest Inventory 2023 10.00%
Listings

MAY 15, 2024

3.09%

MAY 17, 2023

Homes
SOLD
Homes
SOLD
MARKET AVERAGE
P L A Y A V I S T A
9 AverageDays OnMarket
1
3 25 AverageDays OnMarket $1,076,667
SALES PRICE $1,110,000 AVERAGE SALES PRICE
W
E S T E R 2023 2024 SELLER’S 39 46 1.18 25 30 0.83 Active
Pending Listings Inventory/ Months 30.00% 84.00% 42.17% Highest Inventory 2023 Jan. 18 2.61 Feb. 22 0.71 Lowest Inventory 2023
E S T C H
Listings
Homes MAY 15, 2024 89 AverageDays OnMarket SOLD 4 Homes MAY 17, 2023 SOLD 6 27 AverageDays OnMarket $1,828,150 MARKET AVERAGE SALES PRICE $1,755,000 AVERAGE SALES PRICE W E S T C H E S T E R 4.00%
3.85% Highest Inventory 2023 Jan. 11 2.58 15.19% C U L V E R C I T Y 2023 2024 SELLER’S 33 50 1.52 52 33 1.58 Active Listings Pending Listings Inventory/ Months Mar 15 1.03 Lowest Inventory 2023
Homes MAY 15, 2024 34 AverageDays OnMarket SOLD 6 Homes MAY 17, 2023 SOLD 13 16 AverageDays OnMarket $1,203,762 MARKET AVERAGE SALES PRICE $1,522,167 AVERAGE SALES PRICE C U L V E R C I T Y 26.45%
1.58% Highest Inventory 2023 Mar. 8 1.00 40.00% Mar. 1 0.60 Lowest Inventory 2023 P L A Y A D E L R E Y 2023 2024 SELLER’S 14 27 1.93 19 10 1.90 Active Listings Pending Listings Inventory/ Months 42.11%
Homes
0 AverageDays OnMarket SOLD 0 Homes
SOLD
AverageDays OnMarket $732,500 MARKET AVERAGE SALES PRICEAVERAGE
P L A Y A D E L R E Y
MAY 15, 2024
MAY 17, 2023
2 22
SALES PRICE
116.13% 3.88% 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 25 67 2.68 31 12 2.58 Active Listings Pending Listings Inventory/ Months 108.33%
Homes MAY
2024 45 AverageDays OnMarket SOLD 5 Homes MAY
SOLD 5 21 AverageDays OnMarket $1,641,000 MARKET AVERAGE SALES PRICE $2,027,600 AVERAGE SALES PRICE P A L M S / M A R V I S T A 23.56%
15,
17, 2023
Highest Inventory 2023 Feb 8 2.75 140.00% 138.09% 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
8 12 1.50 5 8 0.63 Active Listings Pending Listings Inventory/ Months
Homes
32 AverageDays OnMarket SOLD 2 Homes
SOLD
15 AverageDays OnMarket $911,000 AVERAGE SALES PRICE $1,349,500 AVERAGE SALES PRICE H O L L Y G L E N / D E L A I R E MARKET 48.13%
MAY 15, 2024
MAY 17, 2023
1
Highest Inventory 2023 Feb. 15 2.52 92.44% 15.94% I N G L E W O O D 2023 2024 SELLER’S 35 80 2.29 69 58 1.19 Active Listings Pending Listings Inventory/ Months Mar 1 1.92 Lowest Inventory 2023 39.65%
Homes MAY 15, 2024 26 AverageDays OnMarket SOLD 5 Homes MAY 17, 2023 SOLD 7 50 AverageDays OnMarket $715,429 MARKET AVERAGE SALES PRICE $794,000 AVERAGE SALES PRICE I N G L E W O O D 10.98%
Highest Inventory 2023 Jan. 18 4.50 15.45% 37.04% Mar. 1 1.43 Lowest Inventory 2023 H A W T H O R N E 2023 2024 12 17 1.42 27 22 1.23 Active Listings Pending Listings Inventory/ Months SELLER'S 45.45%
Homes MAY 15, 2024 33 AverageDays OnMarket SOLD 2 Homes MAY 17, 2023 SOLD 4 58 AverageDays OnMarket $831,250 MARKET AVERAGE SALES PRICE $778,500 AVERAGE SALES PRICE H A W T H O R N E 6.35%
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