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South Bay Market Intelligence Report Vol. 4 | July 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

Gerry Athas-Vazquez 310-413-4089 GerryAVRealtor.com

GerryAVrealtor@gmail.com DRE# 01742286


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 JULY 2018 are based on data available at the end of JUNE 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 junE Stats Key Facts:

$1,189,000

Median Sold Price

$1,135,000

Average Sold Price

26

Median Price

$825

$1,189

44%

Average Price Per Sq. Foot

$651

$663

2%

Properties for Sale

15

26 73%

Properties Pending Sales

18

12 -33%

Properties Sold

14

12 -14%

Days on Market (Sold Homes)

27

32 19%

Monthly Supply of Inventory

1.1

2.2 100%

Absorption Rate (closed sales) 93.3

46.2 -50%

Listings for Sale

12

Listings Pending

JUNE JUNE % 2017 2018 Change

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

$3,000 $1,400

12

Listings Sold

$2,593 $1,189

$2,500

$1,135

$1,200

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

32

Days On Market

$800 $1,500 $600

$1,000 $400

$500 $200

$-

$-

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

Median

Average


Gardena JUNE Stats Key Facts:

$520,000

Median Sold Price

$499,000

Average Sold Price

JUNE JUNE 2017 2018

Median Price

$475

$520

9%

Average Price Per Sq. Foot

$341

$379

11%

Properties for Sale

45

40 -11%

Properties Pending Sales

54

35 -35%

Properties Sold

52

39 -25%

Days on Market (Sold Homes) 22 Monthly Supply of Inventory

40

Listings Pending

24 9%

0.9 1 11%

Absorption Rate (closed sales) 115.6 97.5 -16%

Listings for Sale

35

% Change

Average & Median Price $3,500 $700

$3,000 $600

39

Listings Sold

$499 $520

$2,500

$2,593

$500

$2,000

$400

24

Days On Market

$1,655

$1,500

$300

$1,000

$200

$500

$100

$-

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

Median

Average


Hawthorne junE Stats Key Facts:

$723,000

Median Sold Price

$760,000

Average Sold Price

29

Median Price

$592

$723

22%

Average Price Per Sq. Foot

$435

$501

15%

Properties for Sale

49

29 -41%

Properties Pending Sales

37

55 49%

Properties Sold

43

36 -16%

Days on Market (Sold Homes)

20

17 -15%

Monthly Supply of Inventory

1.1

0.8 -27%

Absorption Rate (closed sales) 87.8 124.1 41%

Listings for Sale

55

Listings Pending

JUNE JUNE % 2017 2018 Change

Average & Median Price $760

$800

$3,500

$723 $700

$3,000

36

Listings Sold

$2,593

$600

$2,500 $500

$2,000 $1,655

$400

17

Days On Market

$1,500 $300

$1,000 $200

$500

$100

$-

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

Median

Average


Hermosa Beach JUNE Stats Key Facts:

$1,863,000 Median Sold Price

$2,540,000

Average Sold Price

62

Listings Pending

$1,685

$1,863

11%

Average Price Per Sq. Foot

$844

$990

17%

Properties for Sale

54

62 15%

Properties Pending Sales

23

20 -13%

Properties Sold

27

18 -33%

Days on Market (Sold Homes) 28

34 21%

Monthly Supply of Inventory

2

3.4 70%

Absorption Rate (closed sales) 50

29 -42%

Average & Median Price $3,500

$3,500 $3,000

$2,540

$3,000

18

Listings Sold

% Change

Median Price

Listings for Sale

20

JUNE JUNE 2017 2018

$2,593

$2,500

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

$1,863

$1,655

34

Days On Market

$1,500 $1,500

$1,000 $1,000 $500

$500

$-

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

Median

Average


Lawndale junE Stats Key Facts:

$600,000

Median Sold Price

$572,000

Average Sold Price

15

Median Price

$530

$600

13%

Average Price Per Sq. Foot

$444

$410

-8%

Properties for Sale

16

15 -6%

Properties Pending Sales

19

8 -58%

Properties Sold

9

10 11%

Days on Market (Sold Homes)

44

17 -61%

Monthly Supply of Inventory

1.8

1.5 -17%

Absorption Rate (closed sales) 56.3 66.7 18%

Listings for Sale

8

Listings Pending

JUNE JUNE % 2017 2018 Change

Average & Median Price $3,500

$572

$700

$600

$3,000

$600

10

Listings Sold

$2,593 $2,500

$500

$2,000

$400

17

Days On Market

$1,655

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

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

Median

Average


Lomita JUNE Stats Key Facts:

$690,000 Median Sold Price

$664,000

Average Sold Price

JUNE JUNE 2017 2018

Median Price

$620

$690

11%

Average Price Per Sq. Foot

$388

$425

10%

Properties for Sale

17

13 -24%

Properties Pending Sales

22

12 -45%

Properties Sold

17

13 -24%

Days on Market (Sold Homes) 20

27 35%

Monthly Supply of Inventory

13

Listings Pending

1

Average & Median Price $3,500 $800

$3,000

$664

$700

13

Listings Sold

1 0%

Absorption Rate (closed sales) 100 100 0%

Listings for Sale

12

% Change

$690

$2,593 $2,500 $600 $500 $2,000

$1,655

27

Days On Market

$400

$1,500

$300

$1,000 $200

$500 $100

$-

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

Median

Average


Manhattan Beach junE Stats Key Facts:

$2,395,000

Median Sold Price

$2,826,000

Average Sold Price

98

JUNE JUNE % 2017 2018 Change

Median Price

$2,600

$2,395

-8%

Average Price Per Sq. Foot

$1,041

$1,049

1%

Properties for Sale

111

98 -12%

Properties Pending Sales

45

60 33%

Properties Sold

59

53 -10%

Days on Market (Sold Homes)

25

24 -4%

Monthly Supply of Inventory

1.9

1.8 -5%

Absorption Rate (closed sales) 53.2 54.1 2%

Listings for Sale

60

Listings Pending

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

$3,000

53

Listings Sold

$2,826

$3,000

$2,593

$2,500 $2,395

$2,500

$2,000 $2,000

24

Days On Market

$1,655

$1,500 $1,500

$1,000

$1,000

$500

$500

$-

$-

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

Median

Average


Redondo Beach JUNE Stats Key Facts:

$1,145,000 Median Sold Price

$1,192,000

Average Sold Price

99

Listings Pending

$956

$1,145

20%

Average Price Per Sq. Foot

$582

$585

1%

Properties for Sale

107

99 -7%

Properties Pending Sales

86

84 -2%

Properties Sold

92

82 -11%

Days on Market (Sold Homes) 21

24 14%

Monthly Supply of Inventory

1.2 0%

1.2

Absorption Rate (closed sales) 86

$3,500 $1,400 $1,192

$1,200

Listings Sold

82.8 -4%

Average & Median Price

$3,000

82

% Change

Median Price

Listings for Sale

84

JUNE JUNE 2017 2018

$1,145

$2,593

$2,500 $1,000

$2,000 $800

24

Days On Market

$1,655

$1,500 $600

$1,000 $400

$500

$200

$-

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

Median

Average


Torrance junE Stats Key Facts:

$838,000

Median Sold Price

$885,000

Average Sold Price

126

Median Price

$777

$838

8%

Average Price Per Sq. Foot

$514

$543

6%

Properties for Sale

109 126 16%

Properties Pending Sales

109 126 16%

Properties Sold

146

96 -34%

Days on Market (Sold Homes)

21

20 -5%

Monthly Supply of Inventory

0.7

1.3 86%

Absorption Rate (closed sales) 133.9 76.2 -43%

Listings for Sale

126

Listings Pending

JUNE JUNE % 2017 2018 Change

Average & Median Price $3,500

$1,400

$3,000

$1,200

96

Listings Sold

$2,593 $2,500

$1,000

$885 $838

$2,000 $800

20

Days On Market

$1,655

$1,500 $600

$1,000 $400

$500

$200

$-

$-

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


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Notes:


Gerry Athas-Vazquez 310-413-4089 GerryAVRealtor.com

GerryAVrealtor@gmail.com DRE# 01742286

Gerry Athas-Vazquez Market Intelligence Report South Bay  

Designed to give you the facts and trends overview of the most relevant market activities as they unfold in the South Bay real estate commun...

Gerry Athas-Vazquez Market Intelligence Report South Bay  

Designed to give you the facts and trends overview of the most relevant market activities as they unfold in the South Bay real estate commun...