Lynn Peters & Lesley Siegel June 2018 Market Report Palos Verdes

Palos Verdes and Harbor Cities Market Intelligence Report Vol. 4 | June 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 Palos Verdes Estates

Rolling Hills Estates

Palos Verdes Peninsula

San Pedro

Rancho Palos Verdes

Harbor City

Rolling Hills

Wilmington

RE/MAX Estate Properties 700+ Local Agents • 16 Offices • Luxury Residential Commercial Investment Division • International

Lynn Peters & Lesley Siegel LynnAndLesley.com Info@LynnAndLesley.com Lic# 01320138 Lic# 01324071

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 June 2018 are based on data available at the end of May 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

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

Palos Verdes Estates may Stats Key Facts:

$1,693,000

Median Sold Price

$2,287,000

Average Sold Price

63

MAY MAY % 2017 2018 Change

Median Price

$1,900

$1,693

-11%

$668

$824

23%

Average Price Per Sq. Foot

Properties for Sale

68

63 -7%

Properties Pending Sales

15

24 60%

Properties Sold

21

18 -14%

Days on Market (Sold Homes)

42

47 12%

Monthly Supply of Inventory

3.2 3.5 9%

Absorption Rate (closed sales) 30.9 28.6 -7%

Listings for Sale

Average & Median Price $3,000

24

Listings Pending

$3,500

$2,287

$2,500 $3,000

18

$2,593

$2,000 $2,500

$1,693

Listings Sold $2,000 $1,500

47

Days On Market

$1,655

$1,500

$1,000 $1,000

$500 $500

$-

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

Average

Rancho Palos Verdes may Stats Key Facts:

$1,369,000 Median Sold Price

$1,455,000

Average Sold Price

93

MAY MAY 2017 2018

Median Price

$1,290

$1,369

6%

Average Price Per Sq. Foot

$566

$598

6%

Properties for Sale

105

93 -11%

Properties Pending Sales

65

63 -3%

Properties Sold

48

48 0%

Days on Market (Sold Homes) 35

37 6%

Monthly Supply of Inventory

1.9 -14%

Absorption Rate (closed sales) 45.7 51.6 13%

Listings for Sale

63

Listings Pending

2.2

Average & Median Price $1,455

$3,500$1,600

$1,369

$1,400 $3,000

48

Listings Sold

$2,593

$1,200 $2,500 $1,000 $2,000

$1,655

$800

37

Days On Market

% Change

$1,500

$600 $1,000

$400 $500

$-

$200 $May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 Median

Average

Rolling Hills may Stats Key Facts:

$3,813,000

Median Sold Price

$3,813,000

Average Sold Price

37

MAY MAY % 2017 2018 Change

Median Price

$2,450

$3,813

56%

$834

$695

-17%

Average Price Per Sq. Foot

Properties for Sale

25

37 48%

Properties Pending Sales

3

2 -33%

Properties Sold

1

2 100%

Days on Market (Sold Homes)

102

86 -16%

Monthly Supply of Inventory

25

18.5 -26%

Absorption Rate (closed sales)

4

5.4 35%

Listings for Sale

2

Listings Pending

Average & Median Price $4,500 $3,500

$3,813

$4,000

$3,813

$3,000

$3,500

2

Listings Sold

$2,593

$2,500 $3,000 $2,000 $2,500 $1,655

86

Days On Market

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

$500 $-

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

Average

Rolling Hills Estates may Stats Key Facts:

$1,313,000 Median Sold Price

$1,573,000

Average Sold Price

24

MAY MAY 2017 2018

Median Price

$1,046

$1,313

26%

$543

$651

20%

Average Price Per Sq. Foot

% Change

Properties for Sale

36

24 -33%

Properties Pending Sales

16

14 -13%

Properties Sold

20

8 -60%

Days on Market (Sold Homes) 22

26 18%

Monthly Supply of Inventory

3 67%

1.8

Absorption Rate (closed sales) 55.6

Listings for Sale

33.3 -40%

Average & Median Price $1,800

14

Listings Pending

$1,573

$3,500$1,600 $3,000$1,400

8

Listings Sold

$1,313 $2,593

$1,200 $2,500 $1,000 $2,000

$1,655

$800

26

Days On Market

$1,500

$600 $1,000

$400 $500

$-

$200 $May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 Median

Average

San Pedro may Stats Key Facts:

$608,000

Median Sold Price

$628,000

Average Sold Price

74

MAY MAY % 2017 2018 Change

Median Price

$599

$608

2%

Average Price Per Sq. Foot

$400

$416

4%

Properties for Sale

96

74 -23%

Properties Pending Sales

61

74 21%

Properties Sold

53

56 6%

Days on Market (Sold Homes)

42

17 -60%

Monthly Supply of Inventory

1.8

1.3 -28%

Absorption Rate (closed sales) 55.2 75.7 37%

Listings for Sale

74

Listings Pending

Average & Median Price $3,500 $700

$628 $608

$3,000 $600

56

Listings Sold

$2,593 $2,500 $500 $2,000 $400

17

Days On Market

$1,655

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

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

Average

Wilmington may Stats Key Facts:

$440,000 Median Sold Price

$420,000

Average Sold Price

11

Listings Pending

% Change

Median Price

$379

$440

16%

Average Price Per Sq. Foot

$324

$310

-4%

Properties for Sale

15

11 -27%

Properties Pending Sales

19

14 -26%

Properties Sold

12

13 8%

Days on Market (Sold Homes) 24

38 58%

Monthly Supply of Inventory

1.3

0.8 -38%

Absorption Rate (closed sales) 80

118.2 48%

Listings for Sale

14

MAY MAY 2017 2018

Average & Median Price $500 $3,500 $420 $440

$450 $3,000 $400

13

Listings Sold

$2,593 $2,500$350

$300 $2,000 $1,655

$250

38

Days On Market

$1,500 $200 $1,000$150

$100 $500 $50 $-

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

Average

Harbor City may Stats Key Facts:

$563,000

Median Sold Price

$551,000

Average Sold Price

28

MAY MAY % 2017 2018 Change

Median Price

$503

$563

12%

Average Price Per Sq. Foot

$339

$373

10%

Properties for Sale

29

28 -3%

Properties Pending Sales

16

16 0%

Properties Sold

14

14 0%

Days on Market (Sold Homes)

31

14 -55%

Monthly Supply of Inventory

2.1

2 -5%

Absorption Rate (closed sales) 48.3 50 4%

Listings for Sale

Average & Median Price $551

$600

16

Listings Pending

$563

$3,500

$500 $3,000

14

$2,593

$400 $2,500

Listings Sold $2,000 $300

14

Days On Market

$1,655

$1,500

$200 $1,000

$100 $500

$-

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

Average

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