DECEMBER 2023
SAN FERNANDO VALLEY 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
$1,975,000
2023
$1,490,000 MEDIAN SALES PRICE
32.55%
$1,400,000
$1,355,000 $1,250,000
$1,177,500
$1,975,000
$1,650,000$1,700,000$1,630,000
$1,590,000 $1,485,000
$890,000
$850,000
TOTAL INVENTORY
177
4.73%
INVENTORY SNAPSHOT
11/22
12/22
1/23
121
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
39
Total Inventory
Total Sold
69.57%
MEDIAN DAYS ON MARKET
18 0%
197 169
174
171
183
185
197
183
185
206
189
195
41
39
39
39
8/23
9/23
10/23
11/23
177
MEDIAN PRICE PER SQFT
$700.64 6.48%
23 11/22
42 12/22
23 1/23
35 2/23
47
51
51
47
3/23
4/23
5/23
6/23
30 7/23
SALES RATIO
22.03% 57.38%
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: 12/1/2023
MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER
2023
$1,725,000 $1,620,000
MEDIAN SALES PRICE
$1,460,000
$1,502,500
5.04%
$1,307,500
$1,300,000
$1,290,000
$1,255,000
$1,460,000
$1,410,130
$1,400,000
$1,395,000
$1,390,000
$1,200,000
TOTAL INVENTORY
191
26.49%
INVENTORY SNAPSHOT
11/22
12/22
1/23
128
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
45
Total Inventory
Total Sold
-2.17%
MEDIAN DAYS ON MARKET
9
182
-57.14%
151
154
46
47
11/22
12/22
162
167
170
187
178 167
179
182
191
153
MEDIAN PRICE PER SQFT
$732.64 4.22%
29 1/23
41 2/23
61 3/23
51
56
60
4/23
5/23
6/23
44 7/23
61 8/23
48 9/23
36
45
10/23
11/23
SALES RATIO
23.56% -21.47%
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
$2,025,000 $1,910,000
$1,800,000
$1,850,000$1,913,777
$1,572,000 MEDIAN SALES PRICE
$1,800,000
$1,519,375$1,558,000 $1,370,000
$1,360,000
$1,370,000 -23.89%
$1,007,500
$951,750
TOTAL INVENTORY
124
45.88%
INVENTORY SNAPSHOT
11/22
12/22
1/23
81
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
26
Total Inventory
Total Sold
-29.73%
MEDIAN DAYS ON MARKET
19
35.71%
85 86
79
116
101
107
28
26
32
3/23
4/23
5/23
116
121
125 114
120
124
26
26
10/23
11/23
86
MEDIAN PRICE PER SQFT
$815.85 7.92%
37 20 11/22
12/22
17 1/23
17 2/23
39 6/23
31
28
33
7/23
8/23
9/23
SALES RATIO
20.97% -52.35%
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