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Vol. III Dec 2017

The SouthBay 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 community. This report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Hawthorne, Gardena, Lawndale and Lomita.

John Briscoe REALTORÂŽ | Manager | CA BRE# 00692202

310.918.3030

JohnBriscoeHomes@gmail.com JohnBriscoeHomes.com


700+ Local Agents • 17 Offices • Luxury Residential Commercial Investment Division • International Children’s Miracle Network of Hospitals Supporter #27 RIS Media Top 500 Power Broker BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212 Phone: 310.205.0050 WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064 Phone: 310.202.8141 SANTA MONICA 620 Santa Monica Blvd. Suite B Santa Monica, CA 90401 Phone: 310.264.2225 MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292 Phone: 310.577.5300 EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310.322.1425 MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 Phone: 310.376.2225 MANHATTAN BEACH DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 Phone: 310.937.5700 HERMOSA BEACH 2601 Pacific Coast Hwy. #101 Hermosa Beach, CA 90254 Phone: 310.937.3200

SOUTH BAY 23740 Hawthorne Blvd. 2nd Floor Torrance, CA 90505 Phone: 310.378.9889 REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 Phone: 310.378.7747 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Phone: 310.378.9494 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732 Phone: 310.831.0150 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310.831.0222 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310.544.9999 Silicon BEACH WESTCHESTER 7131 W. Manchester Ave. Los Angeles, CA 90045 Phone: 310.802.6000

Photography courtesy of Brian Holm | AvenueEye.com | 424.262.7723


SouthBay Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay. This Market Intelligence Report monitors

El Segundo

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.

Gardena Hawthorne

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.

Hermosa Beach Lawndale Lomita Manhattan Beach

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.

Redondo Beach

Absorption rate (closed sales):

Torrance

Report Notes:

This is the rate at which properties sell. It is the number of properties sold divided by the total number of properties for sale.

Reports published in December 2017 are based on data available at the end of November 2017. 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.

Photography courtesy of Brian Holm, AvenueEye.com


El Segundo November Stats

$1,238,000

Median Sold Price

$1,228,000 Average Sold Price

11 Listings for Sale

Year Over Year

Nov. Nov. 2016 2017

Median Price

$832

$1,238

49%

Average Price Per Sq. Foot

$588

$678

15%

% Change

Properties for Sale

17

11 -35%

Properties Pending Sales

12

9 -25%

Properties Sold

13

12 -8%

Days on Market (Sold Homes)

16

20 25%

Monthly Supply of Inventory

1.3

0.9 -31%

Absorption Rate (closed sales)

76.5 109.1 43%

Avg. & Median Price by Month

9 Listings Pending

$3,500 $1,400

$1,228

$1,238

$3,000 $1,200 $2,593 $2,500 $1,000

12 Listings Sold

20

$2,000 $800 $1,655 $1,500 $600

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

Days On Market Median

Average


Gardena November Stats Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$505

$535

6%

Average Price Per Sq. Foot

$369

$379

3%

Properties for Sale

58

45 -22%

Properties Pending Sales

41

48 17%

Properties Sold

33

39 18%

Days on Market (Sold Homes)

30

35 17%

Monthly Supply of Inventory

1.8

1.2 -33%

Absorption Rate (closed sales)

56.9

86.7 52%

$535,000

Median Sold Price

$504,000

Average Sold Price

45 Listings for Sale

Avg. & Median Price by Month $3,500 $600

$504

48

$535

$3,000 $500 $2,593

Listings Pending

$2,500 $400 $2,000 $1,655

$300 $1,500

39 Listings Sold

$200 $1,000 $100 $500

35

$- $-

Days On Market Median

Average


Hawthorne November Stats

$605,000

Median Sold Price

$627,000 Average Sold Price

32 Listings for Sale

Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$582

$605

4%

Average Price Per Sq. Foot

$421

$412

-2%

Properties for Sale

46

32 -30%

Properties Pending Sales

30

36 20%

Properties Sold

36

27 -25%

Days on Market (Sold Homes)

19

40 111%

Monthly Supply of Inventory

1.3

1.2 -8%

Absorption Rate (closed sales)

78.3 84.4 8%

Avg. & Median Price by Month

36 Listings Pending

$3,500$800

$700 $3,000

$627 $605

$600 $2,500

$2,593

$500

27 Listings Sold

40

$2,000 $400

$1,655

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

$-

$-

Days On Market Median

Average


Hermosa Beach November Stats Year Over Year

Nov. Nov. 2016 2017

Median Price Average Price Per Sq. Foot

% Change

$1,450

$1,600

10%

$968

$851

-12%

Properties for Sale

45

34 -24%

Properties Pending Sales

14

13 -7%

Properties Sold

16

18 13%

Days on Market (Sold Homes)

44

26 -41%

Monthly Supply of Inventory

2.8

1.9 -32%

Absorption Rate (closed sales) 35.6

52.9 49%

$3,500

$1,600,000 Median Sold Price

$1,626,000 Average Sold Price

34 Listings for Sale

Avg. & Median Price by Month

13

$3,500 $3,000 $3,000

$2,500

$2,593

Listings Pending

$2,500

$1,626

$2,000 $2,000

$1,600 $1,655

$1,500 $1,500

18 Listings Sold

$1,000 $1,000 $500 $500

26

$- $-

Days On Market Median

Average


Lawndale November Stats

$525,000

Median Sold Price

$524,000

Average Sold Price

13 Listings for Sale

Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$393

$525

34%

Average Price Per Sq. Foot

$325

$370

14%

Properties for Sale

17

13 -24%

Properties Pending Sales

6

11 83%

Properties Sold

4

17 325%

Days on Market (Sold Homes)

49

36 -27%

Monthly Supply of Inventory

4.3

0.8 -81%

Absorption Rate (closed sales)

23.5

130.8 457%

Avg. & Median Price by Month

11 Listings Pending

$3,500 $700

$524 $3,000 $600

$525 $2,593

$2,500 $500

17 Listings Sold

36

$2,000 $400 $1,655

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

Days On Market Median

Average


Lomita November Stats Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$473

$603

27%

Average Price Per Sq. Foot

$336

$390

16%

Properties for Sale

25

12 -52%

Properties Pending Sales

11

14 27%

Properties Sold

6

9 50%

Days on Market (Sold Homes)

55

25 -55%

Monthly Supply of Inventory

4.2

1.3 -69%

Absorption Rate (closed sales)

24

75 213%

$603,000

Median Sold Price

$573,000 Average Sold Price

12 Listings for Sale

Avg. & Median Price by Month $3,500 $700

$573

$3,000 $600

$603 $2,593

14 Listings Pending

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

$1,655

$1,500 $300

9 Listings Sold

$1,000 $200

$100 $500

25

$- $-

Days On Market Median

Average


Manhattan Beach November Stats

$2,400,000

Median Sold Price

Year Over Year

Nov. Nov. 2016 2017

Median Price Average Price Per Sq. Foot

$2,909,000 Average Sold Price

70 Listings for Sale

% Change

$1,900

$2,400

26%

$855

$1,062

24%

Properties for Sale

80

70 -13%

Properties Pending Sales

24

33 38%

Properties Sold

33

35 6%

Days on Market (Sold Homes)

45

63 40%

Monthly Supply of Inventory

2.4

2 -17%

Absorption Rate (closed sales)

41.3 50 21%

Avg. & Median Price by Month

33 Listings Pending

35 Listings Sold

63

$3,500 $4,000 $3,000 $3,500

$2,909 $2,593

$3,000 $2,500

$2,400

$2,500 $2,000

$1,655

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

$$-

Days On Market Median

Average


Redondo Beach November Stats Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$899

$945

5%

Average Price Per Sq. Foot

$548

$572

4%

Properties for Sale

71

84 18%

Properties Pending Sales

52

64 23%

Properties Sold

67

65 -3%

Days on Market (Sold Homes)

49

26 -47%

Monthly Supply of Inventory

1.1

1.3 18%

Absorption Rate (closed sales)

94.4

77.4 -18%

$945,000

Median Sold Price

$1,151,000 Average Sold Price

84 Listings for Sale

Avg. & Median Price by Month

64

$3,500

$1,400 $3,000 $1,200

$1,151 $2,593

$2,500 $1,000

Listings Pending

$945

$2,000 $800

$1,655

$1,500 $600

65 Listings Sold

$1,000 $400

$200 $500

26

$- $-

Days On Market Median

Average


Torrance November Stats

$783,000

Median Sold Price

$812,000

Average Sold Price

64 Listings for Sale

Year Over Year

Nov. Nov. 2016 2017

% Change

Median Price

$682

$783

15%

Average Price Per Sq. Foot

$453

$509

12%

Properties for Sale

88

64 -27%

Properties Pending Sales

79

83 5%

Properties Sold

91

89 -2%

Days on Market (Sold Homes)

33

28 -15%

Monthly Supply of Inventory

1

0.7 -30%

Absorption Rate (closed sales) 103.4 139.1 35%

Avg. & Median Price by Month

83 Listings Pending

$1,000 $3,500 $900 $3,000 $800

$812 $783 $2,593

$2,500 $700

89 Listings Sold

$600 $2,000 $1,655

$500 $1,500 $400

$300 $1,000 $200

28

$500 $100 $- $-

Days On Market Median

Average


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© 2015-17 RE/MAX Estate Properties


John Briscoe REALTOR® | Manager | CA BRE# 00692202

310.918.3030

JohnBriscoeHomes@gmail.com JohnBriscoeHomes.com

John Briscoe Market Intelligence Report South Bay  
John Briscoe Market Intelligence Report South Bay  

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