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Palos Verdes and Harbor Cities 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 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 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


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 APRIL Stats Key Facts:

$1,725,000

Median Sold Price

$1,899,000

Average Sold Price

51

APR. APR. % 2017 2018 Change

Median Price

$2,140

$1,725

-19%

$735

$664

-10%

Average Price Per Sq. Foot Properties for Sale

58

51 -12%

Properties Pending Sales

17

29 71%

Properties Sold

20

14 -30%

Days on Market (Sold Homes)

62

37 -40%

Monthly Supply of Inventory

2.9

3.6 24%

Absorption Rate (closed sales) 34.5

27.5 -20%

Listings for Sale

29

Listings Pending

Average & Median Price $3,000

$3,500

$2,500 $3,000

14

Listings Sold

$2,593

$1,899

$2,500

$2,000 $1,725

$2,000

$1,655

$1,500

37

Days On Market

$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


Rancho Palos Verdes APRIL Stats Key Facts:

$1,228,000 Median Sold Price

$1,442,000

Average Sold Price

88

APR. APR. 2017 2018

Median Price

$1,040

$1,228

18%

$519

$638

23%

Average Price Per Sq. Foot Properties for Sale

97

88 -9%

Properties Pending Sales

51

57 12%

Properties Sold

35

38 9%

Days on Market (Sold Homes) 44

31 -30%

Monthly Supply of Inventory

2.8

2.3 -18%

Absorption Rate (closed sales) 36.1

43.2 20%

Listings for Sale

57

Listings Pending

% Change

Average & Median Price $3,500

$1,600

$1,442

$3,000 $1,400

38

Listings Sold

$1,228 $2,593 $1,200 $2,500 $1,000

$2,000

$1,655 $800

31

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


Rolling Hills APRIL Stats Key Facts:

$1,915,000

Median Sold Price

$1,915,000

Average Sold Price

30

APR. APR. % 2017 2018 Change

Median Price

$2,195

$1,915

-13%

$757

$635

-16%

Average Price Per Sq. Foot Properties for Sale

27

30 11%

Properties Pending Sales

3

3 0%

Properties Sold

1

2 100%

Days on Market (Sold Homes)

54

17 -69%

Monthly Supply of Inventory

27

15 -44%

Absorption Rate (closed sales)

3.7

6.7 81%

Listings for Sale

3

Listings Pending

Average & Median Price $3,500

$4,500

$3,000 $4,000

2

Listings Sold

$2,593

$3,500

$2,500

$3,000

$2,000 $2,500

17

Days On Market

$1,915

$1,500

$1,655 $1,915

$2,000

$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


Rolling Hills Estates APRIL Stats Key Facts:

$1,160,000 Median Sold Price

$1,431,000

Average Sold Price

17

APR. APR. 2017 2018

Median Price

$840

$1,160

38%

Average Price Per Sq. Foot

$476

$556

17%

Properties for Sale

31

17 -45%

Properties Pending Sales

17

12 -29%

Properties Sold

11

13 18%

Days on Market (Sold Homes) 69

21 -70%

Monthly Supply of Inventory

1.3 -54%

Listings Pending

2.8

Absorption Rate (closed sales) 35.5 76.5 115%

Listings for Sale

12

Average & Median Price $1,800

$3,500

$1,600

$3,000

$1,431

$1,400

13

Listings Sold

% Change

$2,593

$2,500

$1,160

$1,200

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

21

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


San Pedro APRIL Stats Key Facts:

$580,000

Median Sold Price

$607,000

Average Sold Price

77

APR. APR. % 2017 2018 Change

Median Price

$500

$580

16%

Average Price Per Sq. Foot

$403

$414

3%

Properties for Sale

82

77 -6%

Properties Pending Sales

61

56 -8%

Properties Sold

61

44 -28%

Days on Market (Sold Homes)

41

28 -32%

Monthly Supply of Inventory

1.3

1.8 38%

Absorption Rate (closed sales) 74.4

57.1 -23%

Listings for Sale

56

Listings Pending

Average & Median Price $3,500 $700

$607

$3,000

44

Listings Sold

$580 $2,593

$600

$2,500 $500

$2,000 $1,655

$400

28

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


Wilmington APRIL Stats Key Facts:

$470,000 Median Sold Price

$439,000

Average Sold Price

19

APR. APR. 2017 2018

Median Price

$400

$470

18%

Average Price Per Sq. Foot

$296

$368

24%

Properties for Sale

21

19 -10%

Properties Pending Sales

14

16 14%

Properties Sold

11

7 -36%

Days on Market (Sold Homes) 105

36 -66%

Monthly Supply of Inventory

1.9

2.7 42%

Absorption Rate (closed sales) 52.4

36.8 -30%

Listings for Sale

16

Listings Pending

Average & Median Price $3,500

$500 $439

$450 $3,000

7

Listings Sold

% Change

$470

$2,593

$400

$2,500 $350

$2,000 $300 $1,655 $250

36

Days On Market

$1,500

$200

$1,000 $150 $100

$500

$50

$-

$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


Harbor City APRIL Stats Key Facts:

$540,000

Median Sold Price

$553,000

Average Sold Price

23

Median Price

$453

$540

19%

Average Price Per Sq. Foot

$332

$333

0%

Properties for Sale

26

23 -12%

Properties Pending Sales

14

18 29%

Properties Sold

18

19 6%

Days on Market (Sold Homes)

24

34 42%

Monthly Supply of Inventory

1.4

1.2 -14%

Absorption Rate (closed sales) 69.2 82.6 19%

Listings for Sale

18

Listings Pending

APR. APR. % 2017 2018 Change

Average & Median Price $553

$600

$3,500

$540

$500

$3,000

19

Listings Sold

$2,593 $2,500 $400 $2,000 $300

34

Days On Market

$1,655

$1,500 $200

$1,000 $100 $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


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


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Info@LynnAndLesley.com

Lic# 01320138

Lic#01324071

Lynn Peters & Lesley Siegel May 2018 Market Report Palos Verdes  

Palos Verdes Market Intelligence Report: Designed to give you the facts & trends overview of the most relevant market activities as they u...

Lynn Peters & Lesley Siegel May 2018 Market Report Palos Verdes  

Palos Verdes Market Intelligence Report: Designed to give you the facts & trends overview of the most relevant market activities as they u...