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Palos Verdes and Harbor Cities Market Intelligence Report Vol. 4 | September 2018 Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the South Bay real estate community This Sales Monthly Report monitors Palos Verdes Estates

Rolling Hills Estates

Palos Verdes Peninsula

San Pedro

Rancho Palos Verdes

Harbor City

Rolling Hills

Wilmington

RE/MAX Estate Properties 700+ Local Agents • 16 Offices • Luxury Residential Commercial Investment Division • International

Diane Stone

REALTOR®

ABR, SRES, CNE, CIAS, PV Specialist, Luxury 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Five Star Real Estate Agent 2014, 2015, 2016, 2017, 2018

310.796.6140

dianestonehomes@gmail.com www.dianestonesouthbay.com Lic# 01823115


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 September 2018 are based on data available at the end of August 2018. 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 August Stats Key Facts:

$1,870,000

Median Sold Price

$2,393,000

Average Sold Price

63

AUG. AUG. % 2017 2018 Change

Median Price

$1,940

$1,870

-4%

$642

$729

14%

Average Price Per Sq. Foot Properties for Sale

60 63 5%

Properties Pending Sales

20

18 -10%

Properties Sold

15

15 0%

Days on Market (Sold Homes)

52

31 -40%

Monthly Supply of Inventory

4

4.2 5%

Absorption Rate (closed sales)

25

23.8 -5%

Listings for Sale

18

Listings Pending

Average & Median Price $3,000 $3,500

$2,393

$2,500 $3,000

15

$2,593 $2,500 $2,000

$1,870

Listings Sold $2,000 $1,500

31

Days On Market

$1,655

$1,500

$1,000 $1,000

$500 $500

$- $-

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Rancho Palos Verdes August Stats Key Facts:

$1,130,000 Median Sold Price

$1,302,000

Average Sold Price

125

AUG. AUG. 2017 2018

Median Price

$1,078

$1,130

5%

Average Price Per Sq. Foot

$572

$573

0%

Properties for Sale

107

125 17%

Properties Pending Sales

49

45 -8%

Properties Sold

50 54 8%

Days on Market (Sold Homes) 32

32 0%

Monthly Supply of Inventory

2.3 10%

Listings Pending

54

Listings Sold

2.1

Absorption Rate (closed sales) 46.7 43.2 -7%

Listings for Sale

45

% Change

Average & Median Price $1,600 $3,500 $1,302

$1,400 $3,000 $1,200 $2,500

$1,130$2,593

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

$800

32

Days On Market

$1,500

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

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Rolling Hills August Stats Key Facts:

$3,500,000

Median Sold Price

$3,500,000

Average Sold Price

27

Median Price

NA

$3,500

NA

Average Price Per Sq. Foot

NA

$862

NA

Properties for Sale

25

Listings Pending

1

6 500%

Properties Sold

0

2 NA

Days on Market (Sold Homes)

0

88 NA

Monthly Supply of Inventory

25

13.5 -46%

Absorption Rate (closed sales)

0

7.4 NA

Average & Median Price $4,500 $3,500 $4,000 $3,000

$3,500 $3,500

$3,500

2

Listings Sold

27 8%

Properties Pending Sales

Listings for Sale

6

AUG. AUG. % 2017 2018 Change

$2,593

$2,500 $3,000 $2,000 $2,500 $1,655

88

Days On Market

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

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Rolling Hills Estates August Stats Key Facts:

$955,000 Median Sold Price

$1,052,000

Average Sold Price

27

AUG. AUG. 2017 2018

Median Price

$1,210

$955

-21%

Average Price Per Sq. Foot

$539

$556

3%

Properties for Sale

26

27 4%

Properties Pending Sales

12

5 -58%

Properties Sold

17

16 -6%

Days on Market (Sold Homes) 52

22 -58%

Monthly Supply of Inventory

1.7 13%

Listings Pending

1.5

Absorption Rate (closed sales) 65.4 59.3 -9%

Listings for Sale

5

% Change

Average & Median Price $1,800 $3,500 $1,600 $3,000 $1,400

16

Listings Sold

$2,593

$2,500 $1,200

$1,052 $955

$1,000 $2,000

$1,655

22

Days On Market

$800 $1,500 $600 $1,000 $400 $500 $200 $- $-

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


San Pedro August Stats Key Facts:

$550,000

Median Sold Price

$575,000

Average Sold Price

92

Median Price

$575

$550

-4%

Average Price Per Sq. Foot

$396

$434

10%

Properties for Sale

111

92 -17%

Properties Pending Sales

72

54 -25%

Properties Sold

77

58 -25%

Days on Market (Sold Homes)

43

23 -47%

Monthly Supply of Inventory

1.4

1.6 14%

Absorption Rate (closed sales) 69.4 63 -9%

Listings for Sale

54

Listings Pending

AUG. AUG. % 2017 2018 Change

Average & Median Price $3,500 $700

$575

$3,000 $600

58

Listings Sold

$550 $2,593

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

23

Days On Market

$1,655

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

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Wilmington August Stats Key Facts:

$470,000 Median Sold Price

$455,000

Average Sold Price

23

Listings Pending

$428

$470

10%

Average Price Per Sq. Foot

$317

$379

20%

Properties for Sale

21

23 10%

Properties Pending Sales

6

10 67%

Properties Sold

12

12 0%

Days on Market (Sold Homes) 13

18 38%

Monthly Supply of Inventory

1.9 6%

1.8

Absorption Rate (closed sales) 57.1

Listings Sold

52.2 -9%

Average & Median Price $480 $3,500

$470

$470 $3,000 $460

12

% Change

Median Price

Listings for Sale

10

AUG. AUG. 2017 2018

$455 $2,593

$450 $2,500 $440 $2,000 $430

18

Days On Market

$1,655

$1,500 $420

$410 $1,000 $400 $500 $390 $$380

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Harbor City August Stats Key Facts:

$535,000

Median Sold Price

$519,000

Average Sold Price

13

Median Price

$488

$535

10%

Average Price Per Sq. Foot

$352

$350

-1%

Properties for Sale

36

13 -64%

Properties Pending Sales

20

18 -10%

Properties Sold

18

22 22%

Days on Market (Sold Homes)

17

29 71%

Monthly Supply of Inventory

2

0.6 -70%

50

169.2 238%

Absorption Rate (closed sales)

Listings for Sale

18

Listings Pending

22

AUG. AUG. % 2017 2018 Change

Average & Median Price $519

$600

$535

$3,500

$500 $3,000 $2,593

$400 $2,500

Listings Sold $2,000 $300

29

Days On Market

$1,655

$1,500

$200 $1,000

$100 $500

$- $-

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


RE/MAX Estate Properties • 700+ Local Agents • 16 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212

HERMOSA BEACH 2601 Pacific Coast Hwy. Hermosa Beach, CA 90254

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

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

MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292 Silicon BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045 EL SEGUNDO 402 Main Street El Segundo, CA 90245 MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266

REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732

RE/MAX COMMERCIAL & INVESTMENT REALTY D OW N TOW N LOS ANG ELES | SOUT H BAY| www.REMAXC IR.com

LOS ANGELES 550 South Hope Street, Suite 500 Los Angeles, CA 90071

SOUTH BAY 23001 Hawthorne Blvd., Suite 205 Torrance, CA 90505


Diane Stone

REALTOR®

ABR, SRES, CNE, CIAS, PV Specialist, Luxury 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Five Star Real Estate Agent 2014, 2015, 2016, 2017, 2018

310.796.6140

dianestonehomes@gmail.com www.dianestonesouthbay.com Lic# 01823115

Diane Stone Market Intelligence Report Palos Verdes  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real es...

Diane Stone Market Intelligence Report Palos Verdes  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real es...