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Vol. 5 | November 2019

Carol Hemker’s Market Intelligence Report South Bay Edition Delivering the facts and trends of the most relevant market activities as they unfold in the South Bay real estate community

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

Carol Hemker CarolHemker@earthlink.net | 310.529.2043 SouthBayPropertiesForSale.com |

Lic# 01879270


SouthBay Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay. El Segundo..............................................................3 Gardena..................................................................4 Hawthorne..............................................................5 Hermosa Beach......................................................7 Lawndale................................................................7 Lomita.....................................................................8 Manhattan Beach...................................................9 Redondo Beach....................................................10 Torrance................................................................11


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 November 2019 are based on data available at the end of October 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.


El Segundo OCTOBER STATS Key Facts:

$848,000

Median Sold Price

$995,000

Average Sold Price

13

OCT OCT % 2018 2019 Change

Median Price (in $1,000)

$1,595

$848

-47%

Average Price Per Sq. Foot

$663

$560

-16%

Properties for Sale

31

13 -58%

Properties Pending Sales

7

13 86%

Properties Sold

8

8 0%

Days on Market (Sold Homes)

39

29 -26%

Monthly Supply of Inventory

3.9

1.6 -59%

Absorption Rate (Closed Sales) 25.8

61.5 138%

Listings for Sale

13

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$1,800

$1,600

$3,000 $1,400

8

$2,500

Listings Sold $2,000

$2,593

$1,200

$1,000

$1,655

29

Days On Market

$1,500

$800

$600

$1,000 $400

$500 $200

$-

$O ct 2018

Nov 2018

Dec 2018

Jan 2018

Feb 2018

Median

Apr 2019

May 2019

Jun Jul 2019 Aug 2019 2019

Average

Sep 2019

O ct 2019


Gardena OCTOBER STATS Key Facts:

$525,000

Median Sold Price

$520,000

Average Sold Price

44

OCT 2018

Listings Pending

% Change

Median Price (in $1,000)

$570

$525

-8%

Average Price Per Sq. Foot

$389

$423

9%

Properties for Sale

53

44 -17%

Properties Pending Sales

29

42 45%

Properties Sold

42

33 -21%

Days on Market (Sold Homes)

20

29 45%

Monthly Supply of Inventory

1.3

1.3 0%

Absorption Rate (Closed Sales) 79.2 75 -5%

Listings for Sale

42

OCT 2019

AVERAGE & MEDIAN PRICE $3,500$620 $600

$3,000

33

$580

$2,593

$2,500 $560

Listings Sold

$2,000$540

$520 $525 $1,655

29

Days On Market

$520

$1,500

$500

$1,000 $480

$500$460 $-

$440 O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Hawthorne OCTOBER STATS Key Facts:

$789,000

Median Sold Price

$784,000

Average Sold Price

39

OCT OCT % 2018 2019 Change

Median Price (in $1,000)

$655

$789

20%

Average Price Per Sq. Foot

$513

$525

2%

Properties for Sale

36

39 8%

Properties Pending Sales

17

32 88%

Properties Sold

31

31 0%

Days on Market (Sold Homes)

22

25 14%

Monthly Supply of Inventory

1.2

1.3 8%

Absorption Rate (Closed Sales) 86.1 79.5 -8%

Listings for Sale

32

Listings Pending

AVERAGE & MEDIAN PRICE $900

$3,500

$784

$800

$789

$3,000 $700

31

Listings Sold

$2,593

$2,500

$600

$500 $2,000

$1,655 $400

25

Days On Market

$1,500

$300

$1,000

$200

$500 $100 $-

$O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Hermosa Beach OCTOBER STATS Key Facts:

$1,851,000 Median Sold Price

$2,121,000

Average Sold Price

60

OCT 2018

OCT 2019

% Change

Median Price (in $1,000)

$1,550

$1,851

19%

Average Price Per Sq. Foot

$1,130

$965

-15%

Properties for Sale

60

60 0%

Properties Pending Sales

14

21 50%

Properties Sold

18

13 -28%

Days on Market (Sold Homes)

45

48 7%

Monthly Supply of Inventory

3.3

4.6 39%

Absorption Rate (Closed Sales) 30

Listings for Sale

21

Listings Pending

21.7 -28%

AVERAGE & MEDIAN PRICE $3,500

$3,500 $3,000

$3,000

13

Listings Sold

$2,500

$2,121 $2,593

$2,500 $2,000

$1,851

$2,000

$1,655

$1,500

48

Days On Market

$1,500

$1,000

$1,000

$500

$500

$- $-

O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Lawndale OCTOBER STATS Key Facts:

$663,000

Median Sold Price

$595,000

Average Sold Price

10

OCT OCT % 2018 2019 Change

Median Price (in $1,000)

$493

$663

34%

Average Price Per Sq. Foot

$389

$475

22%

Properties for Sale

24

10 -58%

Properties Pending Sales

9

10 11%

Properties Sold

10

10 0%

Days on Market (Sold Homes)

41

27 -34%

Monthly Supply of Inventory

2.4

1 -58%

Absorption Rate (Closed Sales) 41.7

Listings for Sale

10

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$800 $595 $663

$3,000 $700

10

Listings Sold

100 140%

$2,593

$600 $2,500 $500

$2,000

$1,655

$400

27

Days On Market

$1,500 $300

$1,000

$200

$500 $100 $-

$-

O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Lomita OCTOBER STATS Key Facts:

$775,000 Median Sold Price

$742,000

Average Sold Price

15

OCT 2018

Listings Pending

$625

$775

24%

Average Price Per Sq. Foot

$397

$424

7%

Properties for Sale

28

15 -46%

Properties Pending Sales

7

18 157%

Properties Sold

15

12 -20%

Days on Market (Sold Homes)

35

42 20%

Monthly Supply of Inventory

1.9

1.3 -32%

Absorption Rate (Closed Sales) 53.6 80 49%

AVERAGE & MEDIAN PRICE $3,500

$900 $742

$3,000 $800

12

Listings Sold

% Change

Median Price (in $1,000)

Listings for Sale

18

OCT 2019

$775

$2,593

$700

$2,500

$600

$2,000

$500

42

Days On Market

$1,655

$400 $1,500 $300

$1,000 $200

$500 $100 $-

$-

O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Manhattan Beach OCTOBER STATS Key Facts:

$2,129,000

Median Sold Price

$2,664,000

Average Sold Price

101

OCT OCT % 2018 2019 Change

Median Price (in $1,000)

$2,715

$2,129

-22%

Average Price Per Sq. Foot

$1,127

$1,014

-10%

Properties for Sale

106

101 -5%

Properties Pending Sales

29

51 76%

Properties Sold

34

23 -32%

Days on Market (Sold Homes)

45

67 49%

Monthly Supply of Inventory

3.1

4.4 42%

Absorption Rate (Closed Sales) 32.1

22.8 -29%

Listings for Sale

51

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$3,500

$3,000

$3,000

23

Listings Sold

$2,664

$2,593 $2,500

$2,500 $2,129

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

67

Days On Market

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

$-

$O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Redondo Beach OCTOBER STATS Key Facts:

OCT 2018

OCT 2019

$1,045

$1,096

5%

Average Price Per Sq. Foot

$572

$636

11%

Properties for Sale

145

111 -23%

Properties Pending Sales

59

73 24%

Properties Sold

65

68 5%

Days on Market (Sold Homes)

33

26 -21%

Monthly Supply of Inventory

2.2

1.6 -27%

Median Price (in $1,000)

$1,096,000 Median Sold Price

$1,108,000

Average Sold Price

111

Absorption Rate (Closed Sales) 44.8 61.3 37%

Listings for Sale

73

Listings Pending

AVERAGE & MEDIAN PRICE $3,500 $1,400

$3,000

$1,108 $1,096 $2,593

$1,200

68

Listings Sold

$2,500

$1,000

$2,000 $800

26

Days On Market

% Change

$1,655

$1,500 $600 $400 $1,000 $200 $500

$-

$O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


Torrance OCTOBER STATS Key Facts:

$800,000

Median Sold Price

$843,000

Average Sold Price

110

OCT OCT % 2018 2019 Change

Median Price (in $1,000)

$790

$800

1%

Average Price Per Sq. Foot

$491

$545

11%

Properties for Sale

133

110 -17%

Properties Pending Sales

81

97 20%

Properties Sold

97

91 -6%

Days on Market (Sold Homes)

32

36 13%

Monthly Supply of Inventory

1.4

1.2 -14%

Absorption Rate (Closed Sales) 72.9 82.7 13%

Listings for Sale

97

Listings Pending

AVERAGE & MEDIAN PRICE $3,500 $1,000 $843

$900

$3,000

$800

$800

91

$2,593

$2,500$700

Listings Sold

$600

$2,000

$1,655

$500

36

Days On Market

$1,500$400 $300

$1,000

$200

$500

$100

$-

$O ct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep O ct 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 2019 2019

Median

Average


RE/MAX Estate Properties • 600+ Local Agents • 13 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212

SOUTH BAY 23740 Hawthorne Blvd., 2nd Flr Torrance, CA 90505

WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064

REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277

MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292

MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274

SILICON BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045

SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274

EL SEGUNDO 402 Main Street El Segundo, CA 90245

MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275

MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266

SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732

MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266


CONNECT WITH ME Carol Hemker CarolHemker@earthlink.net | 310.529.2043 SouthBayPropertiesForSale.com |

Lic# 018792

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Carol Hemker South Bay Market Intelligence Report  

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

Carol Hemker South Bay Market Intelligence Report  

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