RE/MAX Estate Properties - Palos Verdes

Page 1

DECEMBER 2023


PALOS VERDES MARKET INTELLIGENCE REPORT

...BROUGHT TO YOU BY

RE/MAX ESTATE PROPERTIES

DRE # 01879720

WE ARE THE COAST | RE/MAX ESTATE PROPERTIES | MALAGA COVE OFFICE 310.378.9494 | MARKETING@EPLAHOMES.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 DECEMBER

2023

$730,500

$760,000 TOTAL INVENTORY

$752,000

$730,000

$780,000

$760,000 $705,500

$691,250

MEDIAN SALES PRICE

36.94%

$725,000

$749,888

$646,000

$555,000

$565,000 $540,000

22

4.76%

INVENTORY SNAPSHOT

11/22

12/22

1/23

9

2/23

3/23

4/23

5/23

6/23

7/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

11

Total Inventory

Total Sold

37.5% 39

MEDIAN DAYS ON MARKET

33

15

-57.14%

8/23

29 21

26

39

39 29

28

27

29

22

23

MEDIAN PRICE PER SQFT

$460.30 -7.76%

14 8 11/22

5 12/22

8

8

9

1/23

2/23

3/23

9 4/23

5/23

13 6/23

11 7/23

15

12

11

10/23

11/23

7 8/23

9/23

SALES RATIO

50.00% 31.58%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$3,900,000 $3,600,000 $3,169,250

MEDIAN SALES PRICE

$3,169,250 44.06%

$2,840,000 $2,649,000 $2,550,000 $2,440,000

$2,556,000 $2,405,000

$2,367,500 $2,200,000

$2,342,500

$2,100,000

TOTAL INVENTORY

56

107.41%

INVENTORY SNAPSHOT

11/22

12/22

1/23

37

2/23

3/23

4/23

5/23

13

Total Inventory

18.18%

9/23

10/23

11/23

Total Sold

63

43

54

-34.85%

1.92%

8/23

64

MEDIAN DAYS ON MARKET

$970.27

7/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

MEDIAN PRICE PER SQFT

6/23

35 27 20 11 11/22

8 12/22

23

71

58

56

38

27 23 15

5 1/23

66

5 2/23

3/23

9

11

4/23

5/23

6/23

12

11

7/23

8/23

14

16

9/23

10/23

13 11/23

SALES RATIO

23.21% -59.98%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$1,965,000

$1,604,000

$1,815,000

$1,797,500

MEDIAN SALES PRICE

$1,700,000

$1,650,000

$1,584,625$1,595,000

-5.65%

$1,780,000$1,800,000

$1,485,000

TOTAL INVENTORY

$1,450,000

98

24.05%

INVENTORY SNAPSHOT

11/22

12/22

1/23

57

$1,604,000

$1,550,000

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

28

Total Inventory

Total Sold

33.33%

MEDIAN DAYS ON MARKET

13.5

3.85%

92 79

76

21

26

11/22

12/22

77

78

83

110 90

81

102

87

95

29

25

24

7/23

8/23

9/23

98

MEDIAN PRICE PER SQFT

$760.69 0.35%

20 1/23

26 2/23

33 3/23

39

37

22 4/23

5/23

6/23

33

28

10/23

11/23

SALES RATIO

28.57% -4.76%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

$12,480,000

2023

$8,750,000 $7,400,000 $6,395,000

MEDIAN SALES PRICE

$8,750,000 150%

TOTAL INVENTORY

INVENTORY SNAPSHOT

$3,700,000

$3,500,000

10

-9.09%

$4,550,000$4,500,000

$4,467,500

$3,240,000

$2,300,000 11/22

12/22

1/23

8

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

1

Total Inventory

Total Sold

0

MEDIAN DAYS ON MARKET

152

623.81% 16

MEDIAN PRICE PER SQFT

$1,057.91 14.87%

11 1 11/22

13

12

1 12/22

7

7

0 1/23

0 2/23

14

13 8

1 3/23

3 4/23

2 5/23

3 6/23

1 7/23

9 2 8/23

10 4 9/23

9

10

3 10/23

1 11/23

SALES RATIO

10.00% -80.00%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$6,300,000

MEDIAN SALES PRICE

$6,300,000

$2,837,500

270.59%

TOTAL INVENTORY

19

-36.67%

INVENTORY SNAPSHOT

$1,957,500 $1,700,000$1,676,000$1,630,000 $1,695,000 $1,560,000 $1,500,000 $1,387,500 $1,350,000 $1,260,000 11/22

12/22

1/23

12

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

3

2/23

$1,937,500

Total Inventory

Total Sold

-85.71%

MEDIAN DAYS ON MARKET

52

30

271.43%

MEDIAN PRICE PER SQFT

$1,118.21 51.93%

27

16 17 21

12/22

26

23

24

24

23

25

25 19

20 12

11/22

19

1/23

15

13 7

2/23

3/23

4/23

8

10

5/23

6/23

7

7

7/23

8/23

10

8

9/23

10/23

3 11/23

SALES RATIO

15.79% -64.91%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$930,000 MEDIAN SALES PRICE

$880,000

$752,250 -14.52%

$872,500

INVENTORY SNAPSHOT

$765,000

$750,500

11/22

12/22

1/23

88

2/23

$752,250

$722,500

$722,000

127

$817,500

$800,000

$785,000

$776,038

TOTAL INVENTORY

47.67%

$857,396

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

23

Total Inventory

Total Sold

-34.29%

MEDIAN DAYS ON MARKET

14

-6.67%

109

122

121

117

109

105

101

37

38

40

38

32

3/23

4/23

5/23

6/23

7/23

114

120

132

129

127

86

MEDIAN PRICE PER SQFT

$551.47 -5.08%

35

39

11/22

12/22

26 1/23

40 2/23

42 8/23

38 9/23

29

23

10/23

11/23

SALES RATIO

18.11% -55.83%

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: 12/1/2023


MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

MEDIAN SALES PRICE

$772,000

$660,000

$690,000

$658,000

$645,000 $579,000

$615,000

$600,000

$757,450 $660,000

$650,000 $605,000

$585,000

2.33%

$467,000

TOTAL INVENTORY

26

-3.7%

INVENTORY SNAPSHOT

11/22

12/22

1/23

17

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

5

2/23

Total Inventory

Total Sold

-54.55%

MEDIAN DAYS ON MARKET

11

27

-26.67%

26 23

22

22

22 17

MEDIAN PRICE PER SQFT

$654.11 29.27%

11 5 11/22

12/22

7 1/23

9

9

2/23

3/23

20

22 18

22

26

16

7

7

7

8

7

6

5

5

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

SALES RATIO

19.23% -53.1%

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: 12/1/2023


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