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Gunilla Windon Market Intelligence Report South Bay Edition Delivering the facts and trends of the most relevant market activities as they unfold in the South Bay real estate community

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


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


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.


El Segundo JUNE STATS Key Facts:

$1,159,000

Median Sold Price

$1,187,000

Average Sold Price

17

June June % 2018 2019 Change

Median Price (in $,000)

$1,189

$1,159

-3%

Average Price Per Sq. Foot

$663

$687

4%

Properties for Sale

26

17 -35%

Properties Pending Sales

13

15 15%

Properties Sold

12

13 8%

Days on Market (Sold Homes)

32

22 -31%

Monthly Supply of Inventory

2.2

1.3 -41%

Absorption Rate (closed sales) 46.2 76.5 66%

Listings for Sale

15

Listings Pending

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

$1,600 $3,000

13

Listings Sold

$1,400 $2,500

$1,187

$1,200 $2,000 $1,000

22

Days On Market

$2,593 $1,159

$1,655

$1,500$800

$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


Gardena JUNE STATS Key Facts:

$595,000

Median Sold Price

$578,000

Average Sold Price

64

June 2018

Listings Pending

% Change

Median Price (in $,000)

$520

$595

14%

Average Price Per Sq. Foot

$380

$406

7%

Properties for Sale

40

64 60%

Properties Pending Sales

28

46 64%

Properties Sold

38

32 -16%

Days on Market (Sold Homes) 24

38 58%

Monthly Supply of Inventory

2 82%

1.1

Absorption Rate (closed sales) 95

Listings for Sale

46

June 2019

50 -47%

AVERAGE & MEDIAN PRICE $3,500

$620 $600

$578

$595

$3,000

$580

32

Listings Sold

$2,500

$2,593

$560

$2,000 $540 $1,655 $1,500

Days On Market

$520 $500

$1,000

$480 $500 $460 $- $440

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


Hawthorne JUNE STATS Key Facts:

$648,000

Median Sold Price

$679,000

Average Sold Price

49

June June % 2018 2019 Change

Median Price (in $,000)

$723

$648

-10%

Average Price Per Sq. Foot

$501

$471

-6%

Properties for Sale

29

49 69%

Properties Pending Sales

52

33 -37%

Properties Sold

36

38 6%

Days on Market (Sold Homes)

17

37 118%

Monthly Supply of Inventory

0.8

1.3 63%

Absorption Rate (closed sales) 124.1

77.6 -37%

Listings for Sale

33

Listings Pending

AVERAGE & MEDIAN PRICE $800 $3,500

$679 $700

$648

$3,000

$600

38

$2,593 $2,500

Listings Sold $2,000

37

Days On Market

$1,500

$500 $400

$1,655

$300

$1,000 $200 $500 $100

$-

$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


Hermosa Beach JUNE STATS Key Facts:

$1,775,000 Median Sold Price

$1,707,000

Average Sold Price

68

June 2018

June 2019

% Change

Median Price (in $,000)

$1,863

$1,775

-5%

Average Price Per Sq. Foot

$990

$1,182

19%

Properties for Sale

62

68 10%

Properties Pending Sales

17

20 18%

Properties Sold

18

15 -17%

Days on Market (Sold Homes) 34

30 -12%

Monthly Supply of Inventory

4.5 32%

Absorption Rate (closed sales) 29

Listings for Sale $3,500

20

Listings Pending

3.4

22.1 -24%

AVERAGE & MEDIAN PRICE

$3,500 $3,000

$3,000 $2,500

15

Listings Sold

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

$1,707 $1,775

$2,000 $1,655

$1,500

30

Days On Market

$1,500

$1,000 $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


Lawndale JUNE STATS Key Facts:

$577,000

Median Sold Price

$548,000

Average Sold Price

20

June June % 2018 2019 Change

Median Price (in $,000)

$600

$577

-4%

Average Price Per Sq. Foot

$410

$601

47%

Properties for Sale

15

20 33%

Properties Pending Sales

9

16 78%

Properties Sold

10

6 -40%

Days on Market (Sold Homes)

17

19 12%

Monthly Supply of Inventory

1.5

3.3 120%

Absorption Rate (closed sales) 66.7

Listings for Sale

16

Listings Pending

AVERAGE & MEDIAN PRICE $3,500$800

$700 $3,000

6

Listings Sold

30 -55%

$548 $577 $2,593

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

$400

19

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 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019 Median

Average


Lomita JUNE STATS Key Facts:

$600,000 Median Sold Price

$648,000

Average Sold Price

17

June 2018

June 2019

Median Price (in $,000)

$690

$600

-13%

Average Price Per Sq. Foot

$425

$404

-5%

Properties for Sale

13

17 31%

Properties Pending Sales

11

18 64%

Properties Sold

13

19 46%

Days on Market (Sold Homes) 27

22 -19%

Monthly Supply of Inventory

0.9 -10%

Listings Pending

1

Absorption Rate (closed sales) 100 111.8 12%

Listings for Sale

18

AVERAGE & MEDIAN PRICE $800 $3,500 $648

$700 $3,000

19

Listings Sold

$600 $2,593

$600 $2,500 $500 $2,000 $400

22

Days On Market

% Change

$1,655

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

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


Manhattan Beach JUNE STATS Key Facts:

$2,616,000

Median Sold Price

$2,864,000

Average Sold Price

135

June June % 2018 2019 Change

Median Price (in $,000)

$2,395

$2,616

9%

Average Price Per Sq. Foot

$1,049

$1,060

1%

Properties for Sale

98

135 38%

Properties Pending Sales

53

40 -25%

Properties Sold

53

29 -45%

Days on Market (Sold Homes)

24

33 38%

Monthly Supply of Inventory

1.8

4.7 161%

Absorption Rate (closed sales) 54.1

21.5 -60%

Listings for Sale

40

Listings Pending

AVERAGE & MEDIAN PRICE $4,000 $3,500 $3,500 $3,000

29

Listings Sold

$2,864

$3,000

$2,593 $2,616

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

33

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 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2019

Median

Average


Redondo Beach JUNE STATS Key Facts:

$1,133,000 Median Sold Price

$1,198,000

Average Sold Price

114

June 2018

June 2019

Median Price (in $,000)

$1,145

$1,133

-1%

Average Price Per Sq. Foot

$585

$612

5%

Properties for Sale

99

114 15%

Properties Pending Sales

80

73 -9%

Properties Sold

82

82 0%

Days on Market (Sold Homes) 24

27 13%

Monthly Supply of Inventory

1.4 17%

Listings Pending

1.2

Absorption Rate (closed sales) 82.8 71.9 -13%

Listings for Sale

73

AVERAGE & MEDIAN PRICE $1,400 $3,500 $1,198 $1,200 $3,000

82

Listings Sold

% Change

$1,133 $2,593

$1,000 $2,500 $2,000$800

$1,655

27

Days On Market

$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


Torrance JUNE STATS Key Facts:

$837,000

Median Sold Price

$912,000

Average Sold Price

139

June June % 2018 2019 Change

Median Price (in $,000)

$840

$837

0%

Average Price Per Sq. Foot

$544

$543

0%

Properties for Sale

126

139 10%

Properties Pending Sales

121

92 -24%

Properties Sold

95

87 -8%

Days on Market (Sold Homes)

20

25 25%

Monthly Supply of Inventory

1.3

1.6 23%

Absorption Rate (closed sales) 75.4 62.6 -17%

Listings for Sale

92

Listings Pending

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

$912

$900

$837

$3,000 $800

87

$2,500

Listings Sold

$600 $2,000

25

Days On Market

$2,593

$700

$500

$1,655

$1,500 $400

$1,000

$300 $200

$500

$-

$100 $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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www.GunillaWindon.com

Gunilla Windon, Broker Associate 310.848.7797

63 Malaga Cove Plaza, Palos Verdes Estate, CA 90274

Š 2015-19 RE/MAX Estate Properties

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Gunilla Windon South Bay Market Intelligence report  

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

Gunilla Windon South Bay Market Intelligence report  

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