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South Bay Market Intelligence Report Vol. 4 | May 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

(310) 729-9659 Ken@KenConant.com Ken Conant

Realtor Associate

License #00851703

Jackie Yoshida

Conant

Licensed Assistant


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 May 2018 are based on data available at the end of April 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 APRIL Stats Key Facts:

$1,215,000

Median Sold Price

$1,293,000

Average Sold Price

17

APR. APR. % 2017 2018 Change

Median Price

$1,043

$1,215

16%

$638

$713

12%

Average Price Per Sq. Foot Properties for Sale

22

17 -23%

Properties Pending Sales

17

12 -29%

Properties Sold

12

13 8%

Days on Market (Sold Homes)

61

24 -61%

Monthly Supply of Inventory

1.8

1.3 -28%

Absorption Rate (closed sales) 54.5 76.5 40%

Listings for Sale

12

Listings Pending

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

$3,000 $1,400

13

Listings Sold

$1,293

$1,215 $2,593

$2,500

$1,200

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

24

Days On Market

$800 $1,500 $600

$1,000

$400

$500 $200

$-

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

Median

Average


Gardena APRIL Stats Key Facts:

$511,000

Median Sold Price

$518,000

Average Sold Price

24

Listings Pending

$541

$511

-6%

Average Price Per Sq. Foot

$343

$403

17%

Properties for Sale

42

24 -43%

Properties Pending Sales

46

44 -4%

Properties Sold

34

31 -9%

Days on Market (Sold Homes) 32

29 -9%

Monthly Supply of Inventory

0.8 -33%

1.2

Absorption Rate (closed sales) 81

129.2 60%

Average & Median Price $3,500 $600

$518

$3,000

31

% Change

Median Price

Listings for Sale

44

APR. APR. 2017 2018

$511

$500

$2,593

$2,500

Listings Sold

$400

$2,000 $1,655

29

Days On Market

$300

$1,500

$1,000$200

$500$100 $-

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

Median

Average


Hawthorne APRIL Stats Key Facts:

$698,000

Median Sold Price

$697,000

Average Sold Price

31

Median Price

$599

$698

17%

Average Price Per Sq. Foot

$472

$476

1%

Properties for Sale

38

31 -18%

Properties Pending Sales

49

39 -20%

Properties Sold

44

31 -30%

Days on Market (Sold Homes)

32

26 -19%

Monthly Supply of Inventory

0.9 1 11%

Absorption Rate (closed sales) 115.8 100 -14%

Listings for Sale

39

Listings Pending

APR. APR. % 2017 2018 Change

Average & Median Price $3,500 $800 $697 $700 $3,000

31

Listings Sold

$698

$2,593

$600

$2,500

$500

$2,000

$1,655

$400

26

Days On Market

$1,500 $300

$1,000 $200

$500

$100

$-

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

Median

Average


Hermosa Beach APRIL Stats Key Facts:

$1,745,000 Median Sold Price

$2,571,000

Average Sold Price

APR. APR. 2017 2018

Median Price

$1,415

$1,745

23%

Average Price Per Sq. Foot

$871

$1,025

18%

Properties for Sale

48

53 10%

Properties Pending Sales

24

28 17%

Properties Sold

18

18 0%

Days on Market (Sold Homes) 41

70 71%

Monthly Supply of Inventory

53

Listings Pending

2.7 2.9 7%

Absorption Rate (closed sales) 37.5 34 -9%

Listings for Sale

28

Average & Median Price $3,500

$3,500

$3,000

$2,571

$3,000

18

Listings Sold

% Change

$2,593

$2,500

$2,500

$2,000 $2,000

$1,745

$1,655

70

Days On Market

$1,500 $1,500

$1,000 $1,000 $500

$500

$-

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

Median

Average


Lawndale APRIL Stats Key Facts:

$568,000

Median Sold Price

$560,000

Average Sold Price

18

Median Price

$516

$568

10%

Average Price Per Sq. Foot

$446

$430

-4%

Properties for Sale

12

18 50%

Properties Pending Sales

12

11 -8%

Properties Sold

13

8 -38%

Days on Market (Sold Homes)

17

40 135%

Monthly Supply of Inventory

0.9

2.3 156%

Absorption Rate (closed sales) 108.3 44.4 -59%

Listings for Sale

11

Listings Pending

APR. APR. % 2017 2018 Change

Average & Median Price $3,500 $700

$560

$3,000

$568

$600

8

Listings Sold

$2,593 $2,500

$500

$2,000

$400

40

Days On Market

$1,655

$1,500

$300

$1,000 $200 $500 $100 $$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018

Median

Average


Lomita APRIL Stats Key Facts:

$679,000 Median Sold Price

$620,000

Average Sold Price

11

APR. APR. 2017 2018

Median Price

$598

$679

14%

Average Price Per Sq. Foot

$380

$404

6%

Properties for Sale

18

11 -39%

Properties Pending Sales

10

16 60%

Properties Sold

10

14 40%

Days on Market (Sold Homes) 53

19 -64%

Monthly Supply of Inventory

1.8

0.8 -56%

Absorption Rate (closed sales) 55.6

127.3 129%

Listings for Sale

16

Listings Pending

% Change

Average & Median Price $3,500 $800

$3,000 $700

14

Listings Sold

$620

$679

$2,593

$2,500

$600

$2,000 $500 $1,655

19

Days On Market

$400 $1,500 $300

$1,000

$200

$500 $100

$-

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

Median

Average


Manhattan Beach APRIL Stats Key Facts:

$2,325,000

Median Sold Price

$2,290,000

Average Sold Price

98

APR. APR. % 2017 2018 Change

Median Price

$1,963

$2,325

18%

Average Price Per Sq. Foot

$932

$1,057

13%

Properties for Sale

107

98 -8%

Properties Pending Sales

48

34 -29%

Properties Sold

48

26 -46%

Days on Market (Sold Homes)

49

33 -33%

Monthly Supply of Inventory

2.2

3.8 73%

Absorption Rate (closed sales) 44.9 26.5 -41%

Listings for Sale

34

Listings Pending

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

$3,000 $3,000

26

Listings Sold

$2,593

$2,500

$2,290 $2,325

$2,500

$2,000 $2,000

33

Days On Market

$1,655

$1,500

$1,500

$1,000

$1,000

$500

$500

$-

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

Median

Average


Redondo Beach APRIL Stats Key Facts:

$1,160,000 Median Sold Price

$1,174,000

Average Sold Price

100

APR. APR. 2017 2018

Median Price

$950

$1,160

22%

Average Price Per Sq. Foot

$565

$600

6%

Properties for Sale

106

100 -6%

Properties Pending Sales

73 74 1%

Properties Sold

64

Listings Pending

16 -57%

Monthly Supply of Inventory

1.4 -18%

1.7

Absorption Rate (closed sales) 60.4 70 16%

Average & Median Price $3,500 $1,400

$3,000

70

Listings Sold

70 9%

Days on Market (Sold Homes) 37

Listings for Sale

74

% Change

$1,174 $1,160 $2,593

$1,200

$2,500 $1,000

$2,000 $1,655

$800

16

Days On Market

$1,500 $600

$1,000 $400

$500

$200

$-

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

Median

Average


Torrance APRIL Stats Key Facts:

$810,000

Median Sold Price

$897,000

Average Sold Price

103

Median Price

$764

$810

6%

Average Price Per Sq. Foot

$497

$554

11%

Properties for Sale

108

103 -5%

Properties Pending Sales

98 99 1%

Properties Sold

83 84 1%

Days on Market (Sold Homes)

34

20 -41%

Monthly Supply of Inventory

1.3

1.2 -8%

Absorption Rate (closed sales) 76.9 81.6 6%

Listings for Sale

99

Listings Pending

APR. APR. % 2017 2018 Change

Average & Median Price $3,500 $1,400

$3,000 $1,200

84

Listings Sold

$2,593

$2,500 $1,000

$897

$2,000

$810

$800

20

Days On Market

$1,655

$1,500

$600

$1,000

$400

$500

$200

$-

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


Notes:


Notes:


(310) 729-9659 Ken@KenConant.com Ken Conant

Realtor Associate

License #00851703

Jackie Yoshida

Conant

Licensed Assistant

Ken Conant 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...

Ken Conant 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...