Debra Kahookele Market Intelligence Report Long Beach

Debra Kahookele 310-781-0839

Debra@DKRealtyGrp.com www.HomesbyDebraK.com

www.DKRealtyGrp.com

DRE# 01757031

NOVEMBER 2023

LONG BEACH MARKET INTELLIGENCE REPORT

...BROUGHT TO YOU BY

RE/MAX ESTATE PROPERTIES

DRE # 01879720

DRE# 01757031

WE ARE THE COAST | RE/MAX ESTATE PROPERTIES | MALAGA COVE OFFICE 310.781.0839 | Debra@DKRealtyGrp.com | HomesbyDebraK.com 310.378.9494 | MARKETING@EPLAHOMES.COM

$4 BILLION

2022 DOLLAR VOLUME

50 00+

REAL ESTATE AGENTS

| DKRealtyGrp.com

#1 SOUTH BAY

HELPING 3,800+ FAMILIES YEARLY

12 OFFICES

WE ARE THE COAST

MEDIAN SALES PRICE - 13 MONTH TREND NOVEMBER

2023

$571,500

$558,000

$558,000

MEDIAN SALES PRICE

$523,500

$500,000

13.07%

TOTAL INVENTORY

99

25.32%

INVENTORY SNAPSHOT

$463,000

10/22

$490,000 $494,500

$499,500 $502,000

$523,500

$512,500

$500,000

$475,000

11/22

12/22

66

1/23

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

23

Total Inventory

-23.33%

Total Sold

MEDIAN DAYS ON MARKET

19

35.71%

109 79

69

92

86

84

23

20

12/22

1/23

94

96

108 90

97

97

99

26

23

9/23

10/23

MEDIAN PRICE PER SQFT

$553.44 -16.78%

30

29

10/22

11/22

28

33

2/23

3/23

23 4/23

34 5/23

26

26

6/23

7/23

33 8/23

SALES RATIO

23.23% -38.86%

Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 11/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND NOVEMBER

2023

$1,200,000$1,215,000 $1,155,000

$1,212,500

$1,190,000

$1,113,000 $1,080,000

$1,112,250

$1,082,500

MEDIAN SALES PRICE

$1,112,250

$902,500

$950,000

$902,500

-6.53%

$765,500

TOTAL INVENTORY

88

62.96%

INVENTORY SNAPSHOT

10/22

11/22

12/22

48

1/23

2/23

3/23

4/23

5/23

6/23

7/23

9/23

10/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

22

Total Inventory

0%

Total Sold

MEDIAN DAYS ON MARKET

91

10

-23.08%

8/23

80 54

63

65

68

76

76

27

24

5/23

6/23

65

88 77

77

52

MEDIAN PRICE PER SQFT

$711.60 -12.47%

22 10/22

15

18

14

16

18

21

11/22

12/22

1/23

2/23

3/23

4/23

31 16 7/23

16 8/23

9/23

22 10/23

SALES RATIO

25.00% -39.02%

Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 11/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND NOVEMBER

$1,155,000

2023

$975,000

MEDIAN SALES PRICE

$745,000

$885,000

$805,000 $810,000

$680,000 $595,000

$580,000 $565,000

25.21%

$810,000

$745,000

$627,750

$478,750

TOTAL INVENTORY

27

35%

INVENTORY SNAPSHOT

10/22

11/22

12/22

18

2/23

3/23

4/23

5/23

6/23

7/23

Total Inventory

50%

9/23

10/23

Total Sold

MEDIAN DAYS ON MARKET

32

12

-7.69%

8/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

6

1/23

28

27 23 20

17

16

19

23

28 27

21

19

MEDIAN PRICE PER SQFT

$722.09 41.03%

4 10/22

6

7

7

11/22

12/22

1/23

4 2/23

9

8

3/23

4/23

10 5/23

8 6/23

12

13

12 6

7/23

8/23

9/23

10/23

SALES RATIO

22.22% 11.11%

Disclaimer: If your home is currently listed by another broker this is not intended as a solicitation. All information provided is deemed reliable, but is not guaranteed and should be independently verified. This data is based in whole or in part on data supplied by the Multiple Listing Service. Neither RE/MAX Estate Properties, the Board nor its MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activities in the market. Please note that due to changes in how inventory is counted, there will be a higher than normal difference between 2023 data and 2022 data as related to inventory. MLS Search parameters used: Status: Active, Active Under Contract, Closed (set dates to whole month or period pulling data for) Property Sub Type: Single Family Residence, Condominium, Townhouse, Loft, Studio, Duplex, Ouadruplex, Triplex City: Harbor City, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, San Pedro, Wilmington Areas: 165, 172, 174, 175, 176 Data Pull Date: 11/1/2023

Debra Kahookele 310-781-0839

Debra@DKRealtyGrp.com www.HomesbyDebraK.com DRE# 01757031

www.DKRealtyGrp.com