Anthony Elizarraraz sb

Page 1

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


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