Page 1

Palos Verdes and Harbor Cities Market Intelligence Report Vol. 4 | April 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 • 17 Offices • Luxury Residential Commercial Investment Division • International

Violette Beshay

(3 1 0 ) 2 8 3 – 6 8 6 1 V i ol et t eB esh ay @ y a h oo. c om D RE# 01718679


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

$1,868,000

Median Sold Price

$2,076,000

Average Sold Price

51

Mar. Mar. % 2017 2018 Change

Median Price

$1,578

$1,868

18%

Average Price Per Sq. Foot

$776

$730

-6%

Properties for Sale

52

51 -2%

Properties Pending Sales

21

17 -19%

Properties Sold

24

21 -13%

Days on Market (Sold Homes)

75

67 -11%

Monthly Supply of Inventory

2.2 2.4 9%

Absorption Rate (closed sales) 46.2 41.2 -11%

Listings for Sale

17

Listings Pending

Average & Median Price $3,000

$3,500 $2,500

$3,000

21

$2,076

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

$1,868

Listings Sold $2,000 $1,500

67

Days On Market

$1,655

$1,500 $1,000

$1,000 $500 $500

$-

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

Median

Average


Rancho Palos Verdes March Stats Key Facts:

$1,250,000 Median Sold Price

$1,310,000

Average Sold Price

80

Mar. Mar. 2017 2018

Median Price

$1,222

$1,250

2%

Average Price Per Sq. Foot

$542

$536

-1%

Properties for Sale

87

80 -8%

Properties Pending Sales

46

57 24%

Properties Sold

33

38 15%

Days on Market (Sold Homes) 52

36 -31%

Monthly Supply of Inventory

2.1 -19%

Listings Pending

2.6

Absorption Rate (closed sales) 37.9 47.5 25%

Listings for Sale

57

Average & Median Price $3,500

$1,600 $1,310

$3,000 $1,400

38

Listings Sold

% Change

$1,250

$2,593

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

$2,000

$1,655

$800

36

Days On Market

$1,500

$600

$1,000 $400

$500 $200

$-

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

Median

Average


Rolling Hills March Stats Key Facts:

$2,063,000

Median Sold Price

$2,063,000

Average Sold Price

25

Mar. Mar. % 2017 2018 Change

Median Price

$1,950

$2,063

6%

Average Price Per Sq. Foot

$908

$616

-32%

Properties for Sale

23

25 9%

Properties Pending Sales

3

2 -33%

Properties Sold

1

2 100%

Days on Market (Sold Homes)

74

127 72%

Monthly Supply of Inventory

23

12.5 -46%

Absorption Rate (closed sales) 4.3

Listings for Sale

2

Listings Pending

8 86%

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

127

Days On Market

$2,063

$1,655 $2,063

$1,500

$2,000

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

$500 $500

$-

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

Median

Average


Rolling Hills Estates March Stats Key Facts:

$1,570,000 Median Sold Price

$1,521,000

Average Sold Price

18

Mar. Mar. 2017 2018

Median Price

$1,190

$1,570

32%

Average Price Per Sq. Foot

$544

$536

-1%

Properties for Sale

27

18 -33%

Properties Pending Sales

14

15 7%

Properties Sold

11

10 -9%

Days on Market (Sold Homes) 52

46 -12%

Monthly Supply of Inventory

1.8 -28%

Listings Pending

2.5

Absorption Rate (closed sales) 40.7 55.6 37%

Listings for Sale

15

% Change

Average & Median Price $1,800

$3,500

$1,600

$1,521

$1,570

$3,000 $1,400

10

Listings Sold

$2,593

$2,500

$1,200

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

46

Days On Market

$800 $1,500 $600

$1,000

$400

$500 $200

$-

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

Median

Average


San Pedro March Stats Key Facts:

$591,000

Median Sold Price

$610,000

Average Sold Price

55

Mar. Mar. % 2017 2018 Change

Median Price

$490

$591

21%

Average Price Per Sq. Foot

$381

$419

10%

Properties for Sale

80

55 -31%

Properties Pending Sales

79

52 -34%

Properties Sold

61

54 -11%

Days on Market (Sold Homes)

40

35 -13%

Monthly Supply of Inventory

1.3

1 -23%

Absorption Rate (closed sales) 76.3 98.2 29%

Listings for Sale

52

Listings Pending

Average & Median Price $3,500 $700

$610

$3,000

54

Listings Sold

$591

$2,593

$600

$2,500 $500

$2,000 $1,655

$400

35

Days On Market

$1,500 $300

$1,000 $200

$500 $100

$-

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

Median

Average


Wilmington March Stats Key Facts:

$460,000 Median Sold Price

$436,000

Average Sold Price

15

Listings Pending

$423

$460

9%

Average Price Per Sq. Foot

$293

$332

13%

Properties for Sale

17

15 -12%

Properties Pending Sales

14

11 -21%

Properties Sold

14

16 14%

Days on Market (Sold Homes) 36

63 75%

Monthly Supply of Inventory

0.9 -25%

1.2

Absorption Rate (closed sales) 82.4 106.7 29%

Average & Median Price $3,500

$500 $436

$450 $3,000

16

Listings Sold

% Change

Median Price

Listings for Sale

11

Mar. Mar. 2017 2018

$460

$2,593

$400

$2,500 $350

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

63

Days On Market

$1,500

$200

$1,000 $150 $100

$500

$50

$-

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

Median

Average


Harbor City March Stats Key Facts:

$541,000

Median Sold Price

$538,000

Average Sold Price

12

Median Price

$511

$541

6%

Average Price Per Sq. Foot

$306

$357

17%

Properties for Sale

27

12 -56%

Properties Pending Sales

23

20 -13%

Properties Sold

12

16 33%

Days on Market (Sold Homes)

55

37 -33%

Monthly Supply of Inventory

2.3

0.8 -65%

Absorption Rate (closed sales) 44.4

133.3 200%

Listings for Sale

20

Listings Pending

Mar. Mar. % 2017 2018 Change

Average & Median Price $538

$600

$541

$3,500 $500

$3,000

16

$2,593 $400 $2,500

Listings Sold $2,000

$300

37

Days On Market

$1,655

$1,500 $200

$1,000 $100

$500

$-

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

Median

Average


RE/MAX Estate Properties • 700+ Local Agents • 17 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212

MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266

WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064

HERMOSA BEACH 2601 Pacific Coast Hwy. Hermosa Beach, CA 90254

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 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

SOUTH BAY 23740 Hawthorne Blvd., 2nd Flr Torrance, CA 90505 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


Violette Beshay

(3 1 0 ) 2 8 3 – 6 8 6 1 V i ol et t eB esh ay @ y a h oo. c om D RE# 01718679

Violette Beshay Market Intelligence Report Palos Verdes  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real est...

Violette Beshay Market Intelligence Report Palos Verdes  

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real est...