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The

Palos Verdes & Harbor Cities

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

ESTAT

Carol Hemker

Lic# 01879270

CarolHemker@earthlink.net | 310.529.2043

SouthBayPropertiesForSale.com

The highest compliment you can pay me is the referral of a friend.


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.

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):

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

MONTHS SUPPLY OF INVENTORY:

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.

ABSORPTION RATE (CLOSED SALES):

This is the rate at which properties sell. It is the number of properties sold divided by the total number of properties for sale.

REPORT NOTES:

Reports published in Feb. 2019 are based on data available at the end of Jan. 2019. All reports presented are based on data supplied by the CRMLS or TheMLS and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed


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 Palos Verdes Estates........................................................4 Rancho Palos Verdes........................................................5 Rolling Hills.......................................................................6 Rolling Hills Estates .........................................................7 San Pedro.........................................................................8 Wilmington.......................................................................9 Harbor City .....................................................................10


Palos Verdes Estates JANUARY STATS Key Facts:

$3,600,000

Median Sold Price

$6,747,000

Average Sold Price

44

JAN. JAN. % 2018 2019 Change

Median Price (in $,000)

$1,550

Average Price Per Sq. Foot

Listings Pending

$1,190

66%

Properties for Sale

31

44 42%

Properties Pending Sales

16

17 6%

Properties Sold

15

3 -80%

Days on Market (Sold Homes)

42

79 88%

Monthly Supply of Inventory

2.1

14.7 600%

Absorption Rate (closed sales) 48.4

Listings for Sale

17

$716

$3,600 132%

6.8 -86%

AVERAGE & MEDIAN PRICE $8,000 $3,500

$6,747

$7,000 $3,000

3

Listings Sold

$2,593

$6,000 $2,500 $5,000 $2,000

$1,655 $3,600

$4,000

79

Days On Market

$1,500

$3,000 $1,000

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

$Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average


Rancho Palos Verdes JANUARY STATS Key Facts:

$782,000 Median Sold Price

$1,020,000

Average Sold Price

90

JAN. 2018

JAN. 2019

Median Price (in $,000)

$1,311

$782

-40%

Average Price Per Sq. Foot

$560

$540

-4%

Properties for Sale

65

90 38%

Properties Pending Sales

40

38 -5%

Properties Sold

26

17 -35%

Days on Market (Sold Homes) 67

41 -39%

Monthly Supply of Inventory

5.3 112%

Listings Pending

17

2.5

Absorption Rate (closed sales) 40

Listings for Sale

38

% Change

18.9 -53%

AVERAGE & MEDIAN PRICE $1,600 $3,500 $1,400 $3,000 $1,200 $2,500

Listings Sold

$2,593 $1,020

$1,000 $2,000

$782 $1,655

$800

41

Days On Market

$1,500

$600 $1,000

$400 $500

$-

$200 $Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average


Rolling Hills JANUARY STATS Key Facts:

$4,638,000

Median Sold Price

$4,638,000

Average Sold Price

JAN. JAN. % 2018 2019 Change

Median Price (in $,000)

$3,500

$4,638

33%

$768

$712

-7%

Average Price Per Sq. Foot Properties for Sale

21

15 -29%

Properties Pending Sales

3

1 -67%

Properties Sold

3

2 -33%

197

297 51%

7

7.5 7%

Days on Market (Sold Homes) Monthly Supply of Inventory

15

Absorption Rate (closed sales) 14.3 13.3 -7%

Listings for Sale

1

Listings Pending

AVERAGE & MEDIAN PRICE $9,000 $3,500 $8,000 $3,000 $7,000

2

Listings Sold

$2,593

$2,500 $6,000

$4,638

$2,000 $5,000

297

Days On Market

$4,638

$4,000 $1,500 $3,000 $1,000 $2,000 $500 $1,000 $-

$Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average

$1,655


Rolling Hills Estates JANUARY STATS Key Facts:

Median Price (in $,000)

$1,240,000 Median Sold Price

$1,700,000

Average Sold Price

Average Price Per Sq. Foot

Listings Pending

$1,500

$1,240

-17%

$515

$714

39%

% Change

11

24 118%

Properties Pending Sales

7

16 129%

Properties Sold

5

10 100%

Days on Market (Sold Homes) 36

18 -50%

2.2 2.4 9%

Absorption Rate (closed sales) 45.5 41.7 -8%

Listings for Sale

16

JAN. 2019

Properties for Sale

Monthly Supply of Inventory

24

JAN. 2018

AVERAGE & MEDIAN PRICE $2,500 $3,500

$3,000 $2,000

10

Listings Sold

18

Days On Market

$2,593

$1,700

$2,500

$1,500 $2,000

$1,240 $1,655

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

$500 $500

$- $-

Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average


San Pedro JANUARY STATS Key Facts:

$575,000

Median Sold Price

$582,000

Average Sold Price

76

JAN. JAN. % 2018 2019 Change

Median Price (in $,000)

$569

$575

1%

Average Price Per Sq. Foot

$375

$417

11%

Properties for Sale

53

76 43%

Properties Pending Sales

47

33 -30%

Properties Sold

20

27 35%

Days on Market (Sold Homes)

41

35 -15%

Monthly Supply of Inventory

2.7 2.8 4%

Absorption Rate (closed sales) 37.7 35.5 -6%

Listings for Sale

33

Listings Pending

AVERAGE & MEDIAN PRICE $3,500$640

$620 $3,000

27

Listings Sold

$600

$582$2,593

$2,500 $580

$575

$2,000$560 $1,655

35

Days On Market

$540 $1,500 $520 $1,000 $500 $500$480 $-

$460 Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019

Median

Average


Wilmington JANUARY STATS Key Facts:

$455,000 Median Sold Price

$425,000

Average Sold Price

21

JAN. 2018

Listings Pending

% Change

Median Price (in $,000)

$414

$455

10%

Average Price Per Sq. Foot

$290

$378

30%

Properties for Sale

22

21 -5%

Properties Pending Sales

11

11 0%

Properties Sold

8

4 -50%

Days on Market (Sold Homes) 62

18 -71%

Monthly Supply of Inventory

2.8

5.3 89%

Absorption Rate (closed sales) 36.4

19 -48%

Listings for Sale

11

JAN. 2019

AVERAGE & MEDIAN PRICE $3,500

$600

$3,000 $500

4

$425 $2,500

Listings Sold

$455 $2,593

$400

$2,000 $1,655

$300

18

Days On Market

$1,500

$1,000

$200

$500 $100

$-

$Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average


Harbor City JANUARY STATS Key Facts:

$490,000

Median Sold Price

$501,000

Average Sold Price

17

JAN. JAN. % 2018 2019 Change

Median Price (in $,000)

$402

$490

22%

Average Price Per Sq. Foot

$348

$364

5%

Properties for Sale

21

17 -19%

Properties Pending Sales

17

11 -35%

Properties Sold

9

10 11%

Days on Market (Sold Homes)

39

20 -49%

Monthly Supply of Inventory

2.3

1.7 -26%

Absorption Rate (closed sales) 42.9 58.8 37%

Listings for Sale

11

Listings Pending

10

Listings Sold

AVERAGE & MEDIAN PRICE $700 $3,500

$501

$600 $3,000

$490 $2,593

$500 $2,500 $400 $2,000

$1,655

20

Days On Market

$300 $1,500

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

Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sept. Oct. Nov. Dec. Jan. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 Median

Average


carolhemker@earthlink.net | 310.529.2043

SouthBayPropertiesForSale.com

The highest compliment you can pay me is the referral of a friend.

Lic# 01879270

Carol Hemker

Profile for RE/MAX Estate Properties

Carol Hemker Palos Verdes Market Intelligence Report  

Carol Hemker designed this report to give you the facts & trends overview of the most relevant market activities as they unfold in the Pa...

Carol Hemker Palos Verdes Market Intelligence Report  

Carol Hemker designed this report to give you the facts & trends overview of the most relevant market activities as they unfold in the Pa...