Gerry Athas-Vazquez 310-413-4089 GerryAVRealtor.com
GerryAVrealtor@gmail.com DRE# 01742286
DECEMBER 2023
SOUTH BAY MARKET INTELLIGENCE REPORT
...BROUGHT TO YOU BY
RE/MAX ESTATE PROPERTIES
DRE # 01879720 DRE# 01742286
WE ARE THE COAST | RE/MAX ESTATE PROPERTIES | MALAGA COVE OFFICE 310.413.4089 | GerryAVrealtor@gmail.com | GerryAVRealtor.com 310.378.9494 | MARKETING@EPLAHOMES.COM
$4 BILLION
2022 DOLLAR VOLUME
50 00+
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
$766,536
$760,000 MEDIAN SALES PRICE
$748,315
$739,000 $725,000
8.14%
TOTAL INVENTORY
101
24.69%
INVENTORY SNAPSHOT
$748,315 $733,250
$730,000
$717,500
$712,000 $692,000 $690,000
11/22
12/22
$699,000 $689,500
1/23
40
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
41
Total Inventory
36.67%
Total Sold
MEDIAN DAYS ON MARKET
10
-37.5%
113 98 81
99 83
81
73
92
92
34
28
5/23
6/23
77
85
95
31
30
26
7/23
8/23
9/23
101
MEDIAN PRICE PER SQFT
$485.44 7.88%
30
34
11/22
12/22
26
22
1/23
2/23
29
26
3/23
4/23
38
41
10/23
11/23
SALES RATIO
40.59% 9.71%
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 $3,130,000
DECEMBER
2023
$1,775,000 $1,375,000
MEDIAN SALES PRICE
$1,700,000
$1,130,000
$980,000 $950,000
$1,875,000 $1,700,000
$1,620,000$1,700,000$1,525,000
$1,065,000
$977,870
73.47%
TOTAL INVENTORY
23
27.78%
INVENTORY SNAPSHOT
11/22
12/22
1/23
12
3/23
4/23
5/23
Total Inventory
50%
MEDIAN DAYS ON MARKET
5
-89.8%
68.07%
7/23
8/23
9/23
10/23
11/23
Total Sold 33
30
22 18
20
MEDIAN PRICE PER SQFT
$1,075.62
6/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
9
2/23
20
23
25
24
14
13 5
11/22
12/22
8 1 1/23
2/23
5
5
3/23
4/23
23
22
17 6
23
7 5/23
6/23
9 3 7/23
8/23
9/23
9
7 10/23
11/23
SALES RATIO
39.13% 18.58%
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
$816,203 MEDIAN SALES PRICE
$810,000 16.55%
$737,000
11/22
12/22
1/23
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
25
Total Inventory
-19.35%
MEDIAN DAYS ON MARKET
-52.94%
$760,000
$649,000
27
16
$744,716
$690,125
$690,000
65
INVENTORY SNAPSHOT
$747,495
$740,000
$715,000 $695,000
TOTAL INVENTORY
12.07%
$750,000
$810,000
90
90 80
58
88 80
80
Total Sold
72
69
75
69
66
65
29
27
26
25
8/23
9/23
10/23
11/23
MEDIAN PRICE PER SQFT
$558.25 10.54%
31 11/22
39
33 12/22
13 1/23
15 2/23
3/23
36 23
23
4/23
5/23
22 6/23
7/23
SALES RATIO
38.46% -27.43%
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
$897,500 MEDIAN SALES PRICE
$840,000
$855,000 $860,050 $850,000 $851,500
$860,000 $844,000
$850,000
$860,000 $865,000 $840,000
-1.75%
TOTAL INVENTORY
$789,000 $785,000
57
-5%
INVENTORY SNAPSHOT
11/22
12/22
1/23
28
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
17
Total Inventory
-5.56%
Total Sold
MEDIAN DAYS ON MARKET
15
7.14%
60
55
63
65
74
66
74 66
60
73
74 55
57
MEDIAN PRICE PER SQFT
$649.53 -3.63%
18
16
13
16
11/22
12/22
1/23
2/23
25 3/23
17 4/23
22 5/23
29 6/23
19
19
22
7/23
8/23
9/23
12 10/23
17 11/23
SALES RATIO
29.82% -0.58%
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
$3,100,000
2023
$2,050,000 MEDIAN SALES PRICE
$2,300,000
$2,450,000 $2,400,000$2,300,000 $2,380,000 $2,100,000 $2,095,000
$2,360,000 $2,099,000
$1,700,000 $1,350,000 $1,126,000
35.29%
TOTAL INVENTORY
20
81.82%
INVENTORY SNAPSHOT
11/22
12/22
1/23
12
2/23
3/23
4/23
5/23
6/23
7/23
8/23
7
0%
54
MEDIAN DAYS ON MARKET
Total Inventory 55 55
Total 56 Sold 60
11/23
-34.38%
35
54
58
51
41
21
36 20
MEDIAN PRICE PER SQFT
-10.02%
10/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
$958.33
9/23
11
17
7 11/22
12/22
3 1/23
5 2/23
12
13
3/23
4/23
15 5/23
18
6/23
20 13 7/23
11 8/23
11 9/23
10/23
7 11/23
SALES RATIO
35.00% -45.31%
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
$3,100,000
2023
$2,050,000 MEDIAN SALES PRICE
$1,860,000
$2,450,000 $2,400,000 $2,380,000 $2,100,000 $2,095,000 $1,860,000
$2,360,000 $2,099,000
$1,700,000 $1,350,000 $1,126,000
9.41%
TOTAL INVENTORY
52
372.73%
INVENTORY SNAPSHOT
11/22
12/22
1/23
41
3/23
4/23
5/23
6/23
7/23
8/23
-28.57%
54
MEDIAN DAYS ON MARKET
Total Inventory 55 55
Total 56 Sold 60
43.75%
35
54
11/23
11
17
7 11/22
12/22
3 1/23
58 52
36
MEDIAN PRICE PER SQFT
0.65%
10/23
51
41
46
$1,071.88
9/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
5
2/23
5 2/23
12
13
15
3/23
4/23
5/23
18
6/23
20 13
11
7/23
8/23
11 9/23
10/23
5 11/23
SALES RATIO
9.62%
-84.98%
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
$889,500 $845,000
$830,000 MEDIAN SALES PRICE
$807,500
$767,000
$747,500 $755,000 $695,000
$675,000
19
INVENTORY SNAPSHOT
11/22
12/22
1/23
7
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
8
$667,150
$635,000
TOTAL INVENTORY
-13.64%
$807,500
$796,000
1.44%
$861,000
Total Inventory
-11.11%
Total Sold
MEDIAN DAYS ON MARKET
14
-17.65%
28 22 22
21
17
18
19
MEDIAN PRICE PER SQFT
$524.29 -15.3%
18
19
23
19
16
14 9 11/22
4 12/22
6
6
1/23
2/23
9 3/23
9 4/23
3 5/23
7 6/23
9 7/23
10
6
5
8/23
9/23
10/23
8 11/23
SALES RATIO
42.11% 2.7%
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
$907,500 MEDIAN SALES PRICE
$888,000
$830,000
$810,000
$837,500
11/22
12/22
1/23
17
2/23
3/23
4/23
5/23
6/23
5
Total Inventory
0%
8/23
9/23
10/23
11/23
Total 36 Sold
MEDIAN DAYS ON MARKET
30
12
23
20%
13.69%
7/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
$543.45
$794,500
$682,500
26
MEDIAN PRICE PER SQFT
$888,000
$752,500
TOTAL INVENTORY
INVENTORY SNAPSHOT
$865,000
$780,000
6.99%
116.67%
$875,000 $880,000 $870,000
12
17
18
20 12
5 11/22
4 12/22
3 1/23
24
2/23
8 3/23
19
20
20 20
21 12
5
5
4/23
5/23
6/23
26
7/23
10 8/23
7 2 9/23
10/23
5 11/23
SALES RATIO
19.23% -54.21%
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
$2,432,500
$3,400,000 $3,045,000 $2,900,000
$2,760,000
$3,000,000
$2,900,000 $2,825,000
$2,699,500
$2,550,000 $2,482,500 $2,432,500
$2,530,000
-11.87%
$2,175,000
TOTAL INVENTORY
103
58.46%
INVENTORY SNAPSHOT
11/22
12/22
1/23
70
2/23
3/23
4/23
5/23
6/23
7/23
22
Total Inventory
0%
105
13
65
22 11/22
57
18 12/22
64
11 1/23
94
95
91
20
25
25
28
3/23
4/23
5/23
6/23
82
MEDIAN PRICE PER SQFT
4.6%
10/23
11/23
Total Sold
MEDIAN DAYS ON MARKET
$1,156.91
9/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
-7.14%
8/23
111
93
103 97
64
7 2/23
35 19 7/23
8/23
28 9/23
11 10/23
22 11/23
SALES RATIO
21.36% -37.18%
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
$1,580,000 MEDIAN SALES PRICE
$1,515,000
$1,480,000
$1,399,309
$1,399,000$1,404,860
TOTAL INVENTORY
$1,200,000
143
INVENTORY SNAPSHOT
11/22
12/22
1/23
78
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
47
Total Inventory
9.3%
Total Sold
MEDIAN DAYS ON MARKET
19
-38.71%
$1,399,309
$1,365,000
$1,300,000$1,288,500$1,284,000
-5.45%
57.14%
$1,492,500$1,485,000
140
91
100
102
123
123
43
41
3/23
4/23
135
155
163
162 143
145
105
MEDIAN PRICE PER SQFT
$794.67 7.97%
43 11/22
33 12/22
20 1/23
33 2/23
57
52
51
5/23
6/23
7/23
63 40 8/23
9/23
50
47
10/23
11/23
SALES RATIO
32.87% -30.07%
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
$1,060,000
$1,047,500
$1,046,500 MEDIAN SALES PRICE
$995,000 6.99%
TOTAL INVENTORY
$1,000,000
INVENTORY SNAPSHOT
$930,000 $933,750
11/22
12/22
1/23
59
2/23
3/23
4/23
5/23
Total Inventory
-3.28%
MEDIAN DAYS ON MARKET
6/23
7/23
7.26%
8/23
9/23
10/23
11/23
192
187 163
142
185
200
Total Sold
210
206 188
61
70
11/22
12/22
208 183
162
MEDIAN PRICE PER SQFT
$676.81
$944,000
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
-16.67%
$955,000
$914,500
83
10
$945,000
$942,000
169
19.01%
$995,000
$975,000
46
52
1/23
2/23
79
71
77
86
85
3/23
4/23
5/23
6/23
7/23
101
8/23
89
9/23
169
69
59
10/23
11/23
SALES RATIO
34.91% -18.81%
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
Gerry Athas-Vazquez 310-413-4089 GerryAVRealtor.com
GerryAVrealtor@gmail.com DRE# 01742286