FEBRUARY 2024
SOUTH BAY MARKET INTELLIGENCE REPORT
...BROUGHT TO YOU BY
ANTHONY ELIZARRARAZ
DRE # 02157876
RE/MAX ESTATE PROPERTIES | SOUTH BAY OFFICE 323.510.7330 | ANTHONYELIZHOMES@GMAIL.COM
$4 BILLION
2022 DOLLAR VOLUME
500+
REAL ESTATE AGENTS
#1 SOUTH BAY
HELPING 3,800+ FAMILIES YEARLY
12 OFFICES
WE ARE THE COAST
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$766,536
$760,000
$748,315
MEDIAN SALES PRICE
$739,000
$731,000 4.58%
TOTAL INVENTORY
INVENTORY SNAPSHOT
$731,000 $717,500
$712,000
$715,000
$699,000 $689,500
80
-19.19%
$733,250
$730,000
$725,000
1/23
2/23
3/23
27
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
32
Total Inventory
Total Sold
23.08%
MEDIAN DAYS ON MARKET
20.5
-14.58%
113 99 83
81
73
92
92
34
28
5/23
6/23
77
85
95
31
30
26
7/23
8/23
9/23
101 81
80
MEDIAN PRICE PER SQFT
$509.12 4.38%
26
22
1/23
2/23
29
26
3/23
4/23
38
41
37
32
10/23
11/23
12/23
1/24
SALES RATIO
40.00% 52.31%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
$3,130,000
2024
$1,775,000 $1,375,000
MEDIAN SALES PRICE
$1,700,500
$1,130,000
$1,875,000 $1,700,000$1,718,000$1,700,500
$1,620,000$1,700,000$1,525,000
$1,065,000
$977,870
-45.67%
TOTAL INVENTORY
17 0%
INVENTORY SNAPSHOT
1/23
2/23
3/23
9
5/23
6/23
7/23
Total Inventory
300%
$1,176.88 52.73%
10/23
11/23
12/23
1/24
Total Sold
30
-100%
MEDIAN PRICE PER SQFT
9/23
33
MEDIAN DAYS ON MARKET
0
8/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
4
4/23
22 20
23
25
24
23
23 21
22
17
17 14
13 8 1 1/23
2/23
5
5
3/23
4/23
9
7 5/23
6/23
3 7/23
8/23
9/23
7 10/23
9 11/23
6 12/23
4 1/24
SALES RATIO
23.53% 300%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$816,203 MEDIAN SALES PRICE
$750,000
$720,000 49
-38.75%
INVENTORY SNAPSHOT
$747,495
$740,000
$744,716
$760,000 $720,000
$715,000
10.94%
TOTAL INVENTORY
$810,000
$700,000
$690,125
$690,000 $649,000
1/23
2/23
3/23
28
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
15
Total Inventory
Total Sold
15.38%
MEDIAN DAYS ON MARKET
10
-73.68%
90 80
88 80
80
72
69
75
69
66
65 55 49
MEDIAN PRICE PER SQFT
$520.00 2.79%
39 13 1/23
15 2/23
3/23
36 23
23
4/23
5/23
22 6/23
7/23
29
27
26
25
21
8/23
9/23
10/23
11/23
12/23
15 1/24
SALES RATIO
30.61% 88.38%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$897,500 MEDIAN SALES PRICE
$890,000
$860,000
$850,000 $851,500
$844,000
$850,000
$890,000 $875,000
$860,000 $865,000 $840,000
4.71%
TOTAL INVENTORY
$789,000 $785,000
43
-31.75%
INVENTORY SNAPSHOT
1/23
2/23
3/23
26
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
12
Total Inventory
Total Sold
-7.69%
MEDIAN DAYS ON MARKET
25
-35.9%
74
66 63
65
74 66
60
73
74 55
57
50 43
MEDIAN PRICE PER SQFT
$715.47 0.17%
13
16
1/23
2/23
25 3/23
17 4/23
22 5/23
29
6/23
19
19
22
7/23
8/23
9/23
12 10/23
17
17
11/23
12/23
12 1/24
SALES RATIO
27.91% 35.24%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
$3,100,000
2024
$2,815,000 $2,450,000
$2,400,000 $2,095,000 $1,860,000
$2,380,000 $2,100,000
$2,360,000 $2,099,000 MEDIAN SALES PRICE
$1,930,000 71.4%
$1,930,000
$1,350,000 $1,126,000
TOTAL INVENTORY
17
-51.43%
INVENTORY SNAPSHOT
1/23
2/23
3/23
12
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
3
Total Inventory
Total Sold
0% MEDIAN DAYS ON MARKET
36
54
-28% 35
55
55
56
54
60
58
51
52
43
36
MEDIAN PRICE PER SQFT
$1,059.96 5.56%
3 1/23
5 2/23
12
13
15
3/23
4/23
5/23
18 6/23
20 13
11
7/23
8/23
17 11
9/23
10/23
5 11/23
8 12/23
3 1/24
SALES RATIO
17.65% 105.88%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
$3,100,000
2024
$2,815,000 $2,450,000
$2,400,000 $2,095,000 $1,860,000
$2,380,000 $2,100,000
$2,360,000 $2,099,000 MEDIAN SALES PRICE
$2,180,000 93.61%
$2,180,000
$1,350,000 $1,126,000
TOTAL INVENTORY
50
42.86%
INVENTORY SNAPSHOT
1/23
2/23
3/23
32
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
10
Total Inventory
Total Sold
233.33%
MEDIAN DAYS ON MARKET
65
54
30% 35
55
55
56
54
60
58
51
52
50 43
36
MEDIAN PRICE PER SQFT
$1,367.00 36.14%
12 3 1/23
5 2/23
3/23
13 4/23
15 5/23
18 6/23
20 13 7/23
11 8/23
11 9/23
10/23
5 11/23
8
10
12/23
1/24
SALES RATIO
20.00% 133.33%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$845,000
$830,000 MEDIAN SALES PRICE
$839,000 20.72%
$747,500 $755,000 $695,000
$675,000
1/23
2/23
3/23
12
$667,150
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
7
$785,000
$635,000
21
INVENTORY SNAPSHOT
$839,000 $807,500
$767,000
TOTAL INVENTORY
0%
$861,000
Total Inventory
Total Sold
16.67%
MEDIAN DAYS ON MARKET
28
-29.11%
28 21
18
19
18
17 MEDIAN PRICE PER SQFT
$539.79 12.05%
19
23
21
19
16
15
14 6
6
1/23
2/23
9 3/23
9 4/23
7 3 5/23
6/23
9 7/23
10 6
5
8/23
9/23
10/23
8
7
7
11/23
12/23
1/24
SALES RATIO
33.33% 16.67%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$1,290,000
MEDIAN SALES PRICE
$1,290,000
$970,000
$907,500 $810,000
$865,000 $888,000
$875,000 $880,000 $870,000
$837,500
$780,000 $794,500
59.26%
$682,500
TOTAL INVENTORY
16
-20%
INVENTORY SNAPSHOT
1/23
2/23
3/23
13
5/23
6/23
Total 36 Inventory
-33.33%
MEDIAN DAYS ON MARKET
8/23
9/23
10/23
11/23
12/23
1/24
Total Sold
30
39
23
-4.88%
24 18
20
19
$680.72
3 1/23
2/23
16 12
3/23
5
5
4/23
5/23
6/23
22
20
21
12 8
26 20
20
MEDIAN PRICE PER SQFT
25.83%
7/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
2
4/23
7/23
10 8/23
7 2 9/23
10/23
5
5
11/23
12/23
2 1/24
SALES RATIO
12.50% -16.67%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$3,400,000 $3,045,000
MEDIAN SALES PRICE
$2,480,150
$2,900,000
$3,000,000
$2,900,000 $2,825,000
$2,810,000
$2,699,500
-14.48%
$2,550,000 $2,482,500 $2,432,500
$2,530,000
TOTAL INVENTORY
83
29.69%
INVENTORY SNAPSHOT
1/23
2/23
3/23
60
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
$2,480,150
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
12
Total Inventory
Total Sold
9.09% 105
MEDIAN DAYS ON MARKET
31
121.43%
95
91
94
82 64
111 103
93
97 77
83
64
MEDIAN PRICE PER SQFT
$1,350.00 16.26%
11 1/23
20 7 2/23
3/23
25 4/23
25 5/23
28 6/23
35 19 7/23
8/23
28 9/23
11 10/23
22
18
11/23
12/23
12 1/24
SALES RATIO
14.46% -15.88%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$1,580,000
$1,542,500
$1,515,000
$1,492,500$1,485,000
MEDIAN SALES PRICE
$1,542,500 19.71%
$1,399,000$1,404,860 $1,288,500$1,284,000
TOTAL INVENTORY
$1,200,000
111
8.82%
INVENTORY SNAPSHOT
1/23
2/23
3/23
69
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
26
Total Inventory
30%
Total Sold 163
MEDIAN DAYS ON MARKET
140
15
-62.96%
$1,399,309$1,413,000
$1,365,000
123 102
162
155 135
143
145
123
120
105
111
MEDIAN PRICE PER SQFT
$766.87 -2.66%
20 1/23
33 2/23
43
41
3/23
4/23
57
5/23
52 6/23
51 7/23
63 40 8/23
9/23
50
47
54 26
10/23
11/23
12/23
1/24
SALES RATIO
23.42% 19.46%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024
MEDIAN SALES PRICE - 13 MONTH TREND FEBRUARY
2024
$1,060,000
$1,047,500
$1,046,500 MEDIAN SALES PRICE
$1,000,000
$909,990
$995,000
$975,000
-13.04%
$945,000
$942,000
$955,000
$944,000
$914,500
TOTAL INVENTORY
$902,500
151
-7.36%
INVENTORY SNAPSHOT
1/23
2/23
3/23
66
4/23
5/23
6/23
7/23
8/23
9/23
10/23
11/23
12/23
$909,990
1/24
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
47
Total Inventory
Total Sold
210
206
2.17%
MEDIAN DAYS ON MARKET
11
-54.17%
192 163
185
200
188
208 183
162
169
144
151
MEDIAN PRICE PER SQFT
$653.54 7.59%
79 46
52
1/23
2/23
3/23
71
77
4/23
5/23
86
6/23
85
7/23
101
8/23
89
9/23
69
59
64
10/23
11/23
12/23
47 1/24
SALES RATIO
31.13% 10.29%
Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 2/1/2024