Julie Schulte Maddox Market Intelligence Report Palos Verde and Harbor Citiess

Vol. III Oct 2017

Palos Verdes + Harbor

Market Intelligence Report

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real estate market. This report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates and the Harbor areas including San Pedro, Wilmington and Harbor City

Julie Schulte Maddox

Broker/Manager - License #00633359 Full Time Realtor Since 1978 RE/MAX Hall of Fame GMA, CDPE, SRES, PVS, QSC & Notary Public

Direct: 310/373-5311 | Fax: 310/791-9412 jmaddox@remaxpv.com | www.juliemax.com http://juliemaddox.housingtrendsenewsletter.com

700+ Local Agents • 17 Offices • Luxury Residential Commercial Investment Division • International Children’s Miracle Network of Hospitals Supporter #27 RIS Media Top 500 Power Broker BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212 Phone: 310.205.0050 WEST LOS ANGELES 10931 W. Pico Blvd.

Los Angeles, CA 90064 Phone: 310.202.8141 SANTA MONICA 620 Santa Monica Blvd. Suite B Santa Monica, CA 90401 Phone: 310.264.2225 MARINA DEL REY / VENICE 124 Washington Blvd.

Marina Del Rey, CA 90292 Phone: 310.577.5300 EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310.322.1425 MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266 Phone: 310.376.2225 MANHATTAN BEACH DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 Phone: 310.937.5700 HERMOSA BEACH 2601 Pacific Coast Hwy. #101 Hermosa Beach, CA 90254 Phone: 310.937.3200

SOUTH BAY 23740 Hawthorne Blvd.

2nd Floor Torrance, CA 90505 Phone: 310.378.9889 REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 Phone: 310.378.7747 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Phone: 310.378.9494 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732 Phone: 310.831.0150 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310.831.0222 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310.544.9999 Silicon BEACH WESTCHESTER 7131 W. Manchester Ave. Los Angeles, CA 90045 Phone: 310.802.6000

Photography courtesy of Brian Holm | AvenueEye.com | 424.262.7723

Palos Verdes and Harbor Cities Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the Palos Verdes and Harbor cities.

This Market Intelligence Report monitors

Palos Verdes Estates

Market Intelligence Glossary Median Price:

Median Price is the price of the property that falls in the middle of the total number of properties Sold in any given month.

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.

Properties for Sale: The number of properties that are for sale on the market.

Rancho Palos Verdes

Rolling Hills

Properties Under Contract:

The number of properties with an accepted offer however they have not closed.

Properties Sold: The number of properties that SOLD and transfered ownership.

DAYS On Market (Closed Sales):

Rolling Hills Estates

The average number of days that properties were on ACTIVE on the market.

Months Supply Of Inventory:

San Pedro

Wilmington

Harbor City

This is calculated by dividing the total number of homes for sale in a particular month by the number of homes that sold in that month.

Properties Pending sale:

The number of properties placed in escrow during any given month.

Report Notes:

Reports published in October 2017 are based on data available at the end of September 2017. All reports presented are based on data supplied by the CRMLS or CLAW and Trendgraphix.

Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.

Photography courtesy of Brian Holm, AvenueEye.com

Palos Verdes Estates September Stats

$1,679,000 Median Sold Price

Year Over Year

Sept. Sept.

2016 2017

Median Price Average Price Per Sq. Foot

$1,838,000 Average Sold Price

58 Listings for Sale

Listings Pending

$1,953

$1,679

-14%

$674

$695

3%

Properties for Sale

59

58 -2%

Properties Pending Sales

18

13 -28%

Properties Sold

8

28 250%

Days on Market (Sold Homes)

113

52 -54%

Monthly Supply of Inventory

7.4

2.1 -72%

Absorption Rate (closed sales)

13.6

48.3 255%

$3,000

13

Avg. & Median Price by Month

$3,500 $2,500 $3,000

$1,838

$2,000

$2,593

$2,500

28 Listings Sold

% Change

$1,679

$1,500 $2,000 $1,655 $1,500 $1,000 $1,000

$500

52 Days On Market

$500 $- $-

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

Rancho Palos Verdes September Stats Year Over Year

Sept. Sept.

2016 2017

% Change

Median Price

$920

$1,157

26%

Average Price Per Sq. Foot

$516

$568

10%

Properties for Sale

123

111 -10%

Properties Pending Sales

42

51 21%

Properties Sold

33

39 18%

Days on Market (Sold Homes)

43

30 -30%

Monthly Supply of Inventory

3.7

2.8 -24%

Absorption Rate (closed sales)

26.8

35.1 31%

$1,600

$1,157,000 Median Sold Price

$1,167,000 Average Sold Price

111 Listings for Sale

Avg. & Median Price by Month

$3,500

$1,400 $1,167

$3,000

$1,157 $2,593

$1,200

51 Listings Pending

$2,500 $1,000 $2,000

$1,500

$800

$1,655

$600

Listings Sold

$1,000 $400 $500 $200

$-

39

$Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

30 Days On Market

Rolling Hills September Stats

N/A Median Sold Price

N/A Average Sold Price

25 Listings for Sale

Year Over Year

Listings Pending

% Change

Median Price

N/A

N/A

N/A

Average Price Per Sq. Foot

N/A

N/A

N/A

Properties for Sale

28

25 -11%

Properties Pending Sales

1

5 400%

Properties Sold

0

0 N/A

Days on Market (Sold Homes)

0

0 N/A

Monthly Supply of Inventory

28

25 -11%

Absorption Rate (closed sales)

0

0 N/A

$5,000

5

Sept. Sept.

2016 2017

Avg. & Median Price by Month

$3,500 $4,500 $3,000$4,000 $2,593

$3,500 $2,500 $3,000

0 Listings Sold

N/A Days On Market

$2,000 $2,500

$1,655

$1,500$2,000

$1,500 $1,000 $1,000 $500 $500 $-

$$-

$-

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017

Median

Average

Rolling Hills Estates September Stats Year Over Year

Sept. Sept.

2016 2017

Median Price Average Price Per Sq. Foot

% Change

$1,090

$926

-15%

$564

$506

-10%

Properties for Sale

39

21 -46%

Properties Pending Sales

11

13 18%

Properties Sold

11

14 27%

Days on Market (Sold Homes)

52

70 35%

Monthly Supply of Inventory

3.5

1.5 -57%

Absorption Rate (closed sales)

28.2

66.7 137%

$1,600

Median Sold Price

$1,366,000 Average Sold Price

21 Listings for Sale

Avg. & Median Price by Month $1,366

$3,500 $1,400

13

$1,200 $3,000 $2,593

$1,000 $2,500

Listings Pending

$926

$2,000$800 $1,655 $1,500$600

14 Listings Sold

$1,000$400 $500$200 $- $-

$926,000

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

70 Days On Market

San Pedro September Stats

$560,000

Median Sold Price

$565,000 Average Sold Price

92 Listings for Sale

Year Over Year

Sept. Sept.

2016 2017

% Change

Median Price

$496

$560

13%

Average Price Per Sq. Foot

$373

$363

-3%

Properties for Sale

133

92 -31%

Properties Pending Sales

63

70 11%

Properties Sold

62

71 15%

Days on Market (Sold Homes)

51

37 -27%

Monthly Supply of Inventory

2.1

1.3 -38%

Absorption Rate (closed sales)

46.6 77.2 66%

Avg. & Median Price by Month

70 Listings Pending

$3,500 $700

$565

$3,000 $600

$560 $2,593

$2,500 $500

71 Listings Sold

37 Days On Market

$2,000 $400 $1,655

$300 $1,500 $200 $1,000 $100 $500 $- $-

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

Wilmington September Stats Year Over Year

Sept. Sept.

2016 2017

% Change

Median Price

$355

$416

17%

Average Price Per Sq. Foot

$258

$295

14%

Properties for Sale

19

23 21%

Properties Pending Sales

6

19 217%

Properties Sold

9

6 -33%

Days on Market (Sold Homes)

56

30 -46%

Monthly Supply of Inventory

2.1

3.8 81%

Absorption Rate (closed sales)

47.4

26.1 -45%

$416,000

Median Sold Price

$419,000 Average Sold Price

23 Listings for Sale

Avg. & Median Price by Month $500 $3,500 $450

$419

$416

$3,000$400 $2,593

$350 $2,500

19 Listings Pending

$300 $2,000 $250

$1,655

$1,500$200

6 Listings Sold

$150 $1,000 $100 $500

$-

$50 $Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

30 Days On Market

Harbor City September Stats

$505,000

Median Sold Price

$533,000

Average Sold Price

31 Listings for Sale

Year Over Year

Sept. Sept.

2016 2017

% Change

Median Price

$490

$505

3%

Average Price Per Sq. Foot

$303

$347

15%

Properties for Sale

28

31 11%

Properties Pending Sales

20

21 5%

Properties Sold

16

19 19%

Days on Market (Sold Homes)

29

23 -21%

Monthly Supply of Inventory

1.8

1.6 -11%

Absorption Rate (closed sales)

57.1 61.3 7%

$700

Avg. & Median Price by Month $533

21 Listings Pending

$3,500 $600

$505

$3,000 $500

$2,593 $2,500 $400

19 Listings Sold

23 Days On Market

$2,000 $1,655

$300 $1,500

$200 $1,000 $100 $500 $$-

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 Median

Average

ESTATE PROPERTIES

CONNECT WITH US f RE/MAXEstateProperties z EPLAHomes t@remaxepla i RE/MAX Estate Properties c@REMAXEPLA

+ REMAXEstateProperties

premaxepla

© 2015-17 RE/MAX Estate Properties

Notes:

Notes:

Julie Schulte Maddox

Broker/Manager - License #00633359 Full Time Realtor Since 1978 RE/MAX Hall of Fame GMA, CDPE, SRES, PVS, QSC & Notary Public

Direct: 310/373-5311 | Fax: 310/791-9412 jmaddox@remaxpv.com | www.juliemax.com http://juliemaddox.housingtrendsenewsletter.com