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Vol. 5 | July 2019

Gunilla Windon Market Intelligence Report Palos Verdes & Harbor Cities Edition Delivering the facts and trends of the most relevant market activities as they unfold in the PV and surrounding real estate communities

Gunilla Windon, Broker Associate 310.848.7797 | www.GunillaWindon.com Lic # 00871525


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


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 July 2019 are based on data available at the end of June 2019. 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 Estates JUNE STATS Key Facts:

$1,949,000

Median Sold Price

$2,390,000

Average Sold Price

90

June June % 2018 2019 Change

Median Price (in $,000)

$2,218

$1,949

-12%

Average Price Per Sq. Foot

$732

$727

-1%

Properties for Sale

70

90 29%

Properties Pending Sales

23

27 17%

Properties Sold

24

16 -33%

Days on Market (Sold Homes)

54

34 -37%

Monthly Supply of Inventory

2.9

5.6 93%

Absorption Rate (closed sales) 34.3

17.8 -48%

Listings for Sale

27

Listings Pending

AVERAGE & MEDIAN PRICE $8,000 $3,500 $7,000 $3,000 $6,000

16

Listings Sold

$2,593 $2,500 $5,000 $2,000 $4,000

34

Days On Market

$1,655

$2,390

$1,500 $3,000

$1,949

$1,000 $2,000

$1,000 $500

$-

$June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Rancho Palos Verdes JUNE STATS Key Facts:

June 2018

June 2019

$1,300

$1,290

-1%

Average Price Per Sq. Foot

$574

$587

2%

Properties for Sale

128

149 16%

Properties Pending Sales

49

46 -6%

Properties Sold

68

42 -38%

Days on Market (Sold Homes) 49

30 -39%

Monthly Supply of Inventory

1.9

3.5 84%

Absorption Rate (closed sales) 53.1

28.2 -47%

Median Price (in $,000)

$1,290,000 Median Sold Price

$1,374,000

Average Sold Price

149

Listings for Sale

46

Listings Pending

AVERAGE & MEDIAN PRICE $1,800 $3,500 $1,600

$1,374

$3,000 $1,400

42

Listings Sold

$1,290 $2,593

$2,500$1,200

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

$800

30

Days On Market

% Change

$1,500

$600 $1,000

$400

$500 $200 $-

$June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Rolling Hills JUNE STATS Key Facts:

$2,289,000

Median Sold Price

$2,289,000

Average Sold Price

16

June June % 2018 2019 Change

Median Price (in $,000)

$2,461

$2,289

-7%

Average Price Per Sq. Foot

$582

$968

66%

Properties for Sale

36

16 -56%

Properties Pending Sales

2

2 0%

Properties Sold

2

1 -50%

Days on Market (Sold Homes)

37

0 -100%

Monthly Supply of Inventory

18

16 -11%

Absorption Rate (closed sales) 5.6

6.3 13%

Listings for Sale

2

Listings Pending

AVERAGE & MEDIAN PRICE $18,000 $3,500 $16,000 $3,000 $14,000

1

Listings Sold

0

Days On Market

$2,593 $2,500 $12,000

$10,000 $2,000 $1,655

$8,000 $1,500 $6,000 $1,000 $4,000

$2,289 $2,289

$500$2,000 $-

$June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Rolling Hills Estates JUNE STATS Key Facts:

Median Price (in $,000)

$1,764,000 Median Sold Price

$1,761,000

Average Sold Price

44

Average Price Per Sq. Foot

Listings Pending

June 2019

$1,045

$1,764

69%

$514

$620

21%

% Change

Properties for Sale

22

44 100%

Properties Pending Sales

13

13 0%

Properties Sold

10

12 20%

Days on Market (Sold Homes) 26

58 123%

Monthly Supply of Inventory

2.2

3.7 68%

Absorption Rate (closed sales) 45.5

27.3 -40%

Listings for Sale

13

June 2018

AVERAGE & MEDIAN PRICE $2,500 $3,500

$3,000 $2,000

12

Listings Sold

$1,761

$1,764 $2,593

$2,500

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

58

Days On Market

$1,000 $1,500

$1,000

$500 $500

$-

$June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


San Pedro JUNE STATS Key Facts:

$601,000

Median Sold Price

$596,000

Average Sold Price

100

Median Price (in $,000)

$599

$601

0%

Average Price Per Sq. Foot

$404

$427

6%

Properties for Sale

92

100 9%

Properties Pending Sales

52

61 17%

Properties Sold

54

48 -11%

Days on Market (Sold Homes)

28

31 11%

Monthly Supply of Inventory

1.7

2.1 24%

Absorption Rate (closed sales) 58.7 48 -18%

Listings for Sale

61

Listings Pending

June June % 2018 2019 Change

AVERAGE & MEDIAN PRICE $3,500 $700

$596 $601

$3,000 $600

48

$2,593 $2,500 $500

Listings Sold $400 $2,000 $1,655

31

Days On Market

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

June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Wilmington JUNE STATS Key Facts:

$472,000 Median Sold Price

$437,000

Average Sold Price

24

June 2018

June 2019

Median Price (in $,000)

$443

$472

7%

Average Price Per Sq. Foot

$383

$299

-22%

Properties for Sale

11

24 118%

Properties Pending Sales

8

20 150%

Properties Sold

12

7 -42%

Days on Market (Sold Homes) 32

24 -25%

Monthly Supply of Inventory

3.4 278%

Listings Pending

0.9

Absorption Rate (closed sales) 109.1 29.2 -73%

Listings for Sale

20

AVERAGE & MEDIAN PRICE $600 $3,500 $500 $3,000

7

% Change

$437

$472 $2,593

$2,500$400

Listings Sold $2,000 $300

24

Days On Market

$1,655

$1,500

$200 $1,000

$100 $500 $- $-

June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Harbor City JUNE STATS Key Facts:

$615,000

Median Sold Price

$552,000

Average Sold Price

27

Median Price (in $,000)

$563

$615

9%

Average Price Per Sq. Foot

$364

$388

7%

Properties for Sale

24

27 13%

Properties Pending Sales

16

25 56%

Properties Sold

17

11 -35%

Days on Market (Sold Homes)

30

46 53%

Monthly Supply of Inventory

1.4

2.5 79%

Absorption Rate (closed sales) 70.8

40.7 -43%

Listings for Sale

25

Listings Pending

June June % 2018 2019 Change

AVERAGE & MEDIAN PRICE $700 $552

$3,500 $600

$615

$3,000

$500

11

Listings Sold

$2,593

$2,500

$400 $2,000

46

Days On Market

$1,655

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

June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


RE/MAX Estate Properties • 600+ Local Agents • 14 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


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Gunilla Windon, Broker Associate 310.848.7797

63 Malaga Cove Plaza, Palos Verdes Estate, CA 90274

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Gunilla Windon Palos Verdes Market Intelligence report  

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

Gunilla Windon Palos Verdes Market Intelligence report  

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