Ed MacLaughlin Market Intelligence Report South Bay

South Bay Market Intelligence Report Vol. 4 | Dec 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 El Segundo

Lomita

Gardena

Manhattan Beach

Hawthorne

North Redondo

Hermosa Beach

South Redondo

Lawndale

Torrance

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

Ed MacLaughlin (310) 567-2385

ed@edmachomes.com DRE#01340803

Winner Two Years in a Row #1 Real Estate Listing Agent and #1 Buyers Agent! by the ‘Easy Reader News’ people’s poll

www.edmachomes.com www.TotalRealEstate.Listingbook.com

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.

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.

AVERAGE PRICE PER SQUARE FOOT:

Found by taking the price of each property and dividing that by its PROPERTIES PENDING SALE: The number of properties placed in escrow during any given square footage, then finding the average for all properties Sold. month.

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.

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 Dec. 2018 are based on data available at the end of Nov. 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.

SouthBay Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay. El Segundo..............................................................4 Gardena..................................................................5 Hawthorne..............................................................6 Hermosa Beach......................................................7 Lawndale................................................................8 Lomita.....................................................................9 Manhattan Beach.................................................10 Redondo Beach....................................................11 Torrance................................................................12

El Segundo NOVEMBER STATS Key Facts:

$1,150,000

Median Sold Price

$1,313,000

Average Sold Price

34

NOV. NOV. % 2017 2018 Change

Median Price

$1,238

$1,150

-7%

Average Price Per Sq. Foot

$678

$623

-8%

Properties for Sale

11

34 209%

Properties Pending Sales

8

7 -13%

Properties Sold

12

5 -58%

Days on Market (Sold Homes)

20

26 30%

Monthly Supply of Inventory

0.9

6.8 656%

Absorption Rate (closed sales) 109.1

14.7 -87%

Listings for Sale

7

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$1,800

$1,600 $3,000

5

Listings Sold

$1,313

$1,400

$2,500

$2,593 $1,150

$1,200

$2,000

$1,000

26

Days On Market

$1,655

$800 $1,500 $600

$1,000 $400

$500

$200

$- $-

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

Median

Average

Gardena NOVEMBER STATS Key Facts:

$550,000

Median Sold Price

$543,000

Average Sold Price

60

NOV. 2017

Listings Pending

$533

$550

3%

Average Price Per Sq. Foot

$375

$420

12%

Properties for Sale

45

60 33%

Properties Pending Sales

39

35 -10%

Properties Sold

40

33 -18%

Days on Market (Sold Homes) 35

21 -40%

Monthly Supply of Inventory

1.8 64%

1.1

Absorption Rate (closed sales) 88.9

55 -38%

AVERAGE & MEDIAN PRICE $3,500 $700 $543

$3,000 $600

33

% Change

Median Price

Listings for Sale

35

NOV. 2018

$550

$2,593 $500 $2,500

Listings Sold $400 $2,000

$1,655

21

Days On Market

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

$-

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

Median

Average

Hawthorne NOVEMBER STATS Key Facts:

$635,000

Median Sold Price

$656,000

Average Sold Price

42

NOV. NOV. % 2017 2018 Change

Median Price

$605

$635

5%

Average Price Per Sq. Foot

$412

$484

17%

Properties for Sale

32

42 31%

Properties Pending Sales

28

23 -18%

Properties Sold

27

15 -44%

Days on Market (Sold Homes)

40

29 -28%

Monthly Supply of Inventory

1.2

2.8 133%

Absorption Rate (closed sales) 84.4

35.7 -58%

Listings for Sale

23

Listings Pending

AVERAGE & MEDIAN PRICE $3,500$800 $656

$700

$3,000

15

Listings Sold

$635

$2,593

$600

$2,500 $500

$2,000 $400

29

Days On Market

$1,655

$1,500

$300

$1,000

$200

$500 $100 $- $-

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

Median

Average

Hermosa Beach NOVEMBER STATS Key Facts:

NOV. 2017

NOV. 2018

% Change

$1,600

$1,625

2%

Average Price Per Sq. Foot

$851

$979

15%

Properties for Sale

34

50 47%

Properties Pending Sales

11

14 27%

Properties Sold

18

14 -22%

Days on Market (Sold Homes) 26

59 127%

Monthly Supply of Inventory

3.6 89%

Median Price

$1,625,000 Median Sold Price

$1,903,000

Average Sold Price

50

Absorption Rate (closed sales) 52.9

Listings for Sale

14

Listings Pending

1.9

28 -47%

AVERAGE & MEDIAN PRICE $3,500

$3,500 $3,000

$3,000

14

Listings Sold

$2,500

$2,593

$2,500

$1,903

$2,000

$2,000

$1,625

$1,655

$1,500

59

Days On Market

$1,500 $1,000

$1,000

$500

$500

$-$-

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

Median

Average

Lawndale NOVEMBER STATS Key Facts:

$586,000

Median Sold Price

$551,000

Average Sold Price

20

Median Price

$525

$586

12%

Average Price Per Sq. Foot

$370

$480

30%

Properties for Sale

13

20 54%

Properties Pending Sales

10

13 30%

Properties Sold

17

9 -47%

Days on Market (Sold Homes)

36

19 -47%

Monthly Supply of Inventory

0.8

2.2 175%

Absorption Rate (closed sales) 130.8 45 -66%

Listings for Sale

13

Listings Pending

NOV. NOV. % 2017 2018 Change

AVERAGE & MEDIAN PRICE $3,500

$700

$551 $586

$3,000

$600

9

Listings Sold

$2,593 $2,500

$500

$2,000 $400 $1,655

19

Days On Market

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

$-$-

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

Median

Average

Lomita NOVEMBER STATS Key Facts:

$700,000 Median Sold Price

$715,000

Average Sold Price

27

NOV. 2017

Listings Pending

$603

$700

16%

Average Price Per Sq. Foot

$390

$482

24%

Properties for Sale

12

27 125%

Properties Pending Sales

12

14 17%

Properties Sold

9

10 11%

Days on Market (Sold Homes) 25

36 44%

Monthly Supply of Inventory

1.3

2.7 108%

Absorption Rate (closed sales) 75

37 -51%

AVERAGE & MEDIAN PRICE $3,500

$800

$715 $700

$3,000 $700

10

Listings Sold

% Change

Median Price

Listings for Sale

14

NOV. 2018

$2,593

$600 $2,500 $500

$2,000

$1,655

$400

36

Days On Market

$1,500 $300

$1,000

$200

$500 $100

$-

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

Median

Average

Manhattan Beach NOVEMBER STATS Key Facts:

$2,325,000

Median Sold Price

$2,496,000

Average Sold Price

88

NOV. NOV. % 2017 2018 Change

Median Price

$2,400

$2,325

-3%

Average Price Per Sq. Foot

$1,062

$1,056

-1%

Properties for Sale

70

88 26%

Properties Pending Sales

29

25 -14%

Properties Sold

35

27 -23%

Days on Market (Sold Homes)

63

43 -32%

Monthly Supply of Inventory

2

3.3 65%

50

30.7 -39%

Absorption Rate (closed sales)

Listings for Sale

25

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$4,000

$3,000 $3,500

27

Listings Sold

$2,593

$3,000 $2,500

$2,496

$2,500

$2,325

$2,000

$1,655

$2,000

43

Days On Market

$1,500 $1,500

$1,000

$1,000

$500 $500 $-$-

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

Median

Average

Redondo Beach NOVEMBER STATS Key Facts:

$1,046,000 Median Sold Price

$1,055,000

Average Sold Price

133

NOV. 2017

Listings Pending

% Change

Median Price

$945

$1,046

11%

Average Price Per Sq. Foot

$572

$590

3%

Properties for Sale

84

133 58%

Properties Pending Sales

57

57 0%

Properties Sold

65

42 -35%

Days on Market (Sold Homes) 26

20 -23%

Monthly Supply of Inventory

1.3

3.2 146%

Absorption Rate (closed sales) 77.4

31.6 -59%

Listings for Sale

57

NOV. 2018

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

$3,000 $1,200

42

Listings Sold

$1,055 $2,593 $1,046

$2,500

$1,000

$2,000

$800

20

Days On Market

$1,655

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

$- $-

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

Median

Average

Torrance NOVEMBER STATS Key Facts:

$795,000

Median Sold Price

$872,000

Average Sold Price

133

Median Price

$780

$795

2%

Average Price Per Sq. Foot

$507

$523

3%

Properties for Sale

64

133 108%

Properties Pending Sales

75

75 0%

Properties Sold

90

78 -13%

Days on Market (Sold Homes)

27

30 11%

Monthly Supply of Inventory

0.7

1.7 143%

Absorption Rate (closed sales) 140.6 58.6 -58%

Listings for Sale

75

Listings Pending

NOV. NOV. % 2017 2018 Change

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

78

$2,593 $1,000 $2,500

$872

Listings Sold

$795

$2,000$800

$1,655

30

Days On Market

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

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

Median

Average

RE/MAX Estate Properties • 650+ 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

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

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

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

EL SEGUNDO 402 Main Street El Segundo, CA 90245

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

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

MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275

MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266

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

RE/MAX COMMERCIAL & INVESTMENT REALTY D OW N TOW N LOS ANG EL ES | 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

Notes:

Notes:

Ed MacLaughlin (310) 567-2385

ed@edmachomes.com DRE#01340803

Winner Two Years in a Row #1 Real Estate Listing Agent and #1 Buyers Agent! by the ‘Easy Reader News’ people’s poll

www.edmachomes.com www.TotalRealEstate.Listingbook.com