NOVEMBER 2023
SOUTH BAY MARKET INTELLIGENCE REPORT
...BROUGHT TO YOU BY
PAM JENSEN
DRE # 00951875
RE/MAX ESTATE PROPERTIES | REDONDO BEACH OFFICE 310.612.5308 | PJENSEN@EPLAHOMES.COM
$4 BILLION
2022 DOLLAR VOLUME
500+
REAL ESTATE AGENTS
#1 SOUTH BAY
HELPING 3,800+ FAMILIES YEARLY
12 OFFICES
WE ARE THE COAST
MEDIAN SALES PRICE - 13 MONTH TREND NOVEMBER
2023
$766,536
$760,000 MEDIAN SALES PRICE
$739,000
$766,536 9.66%
TOTAL INVENTORY
INVENTORY SNAPSHOT
$717,500
$712,000 $699,000
113
29.89%
$733,250
$730,000
$725,000
10/22
$692,000 $690,000
11/22
12/22
41
$699,000 $689,500
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
38
Total Inventory
Total Sold
8.57%
MEDIAN DAYS ON MARKET
12
50%
113 87
98 81
99 83
81
73
92
92
34
28
5/23
6/23
77
85
95
31
30
26
7/23
8/23
9/23
MEDIAN PRICE PER SQFT
$515.39 3.91%
35
30
34
10/22
11/22
12/22
26
22
1/23
2/23
29
26
3/23
4/23
38 10/23
SALES RATIO
33.63% -15.93%
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 $3,130,000
NOVEMBER
2023
$1,775,000
$1,590,000
$1,375,000
MEDIAN SALES PRICE
$1,875,000
$1,130,000
$980,000 $950,000
$1,875,000
$1,620,000$1,700,000$1,525,000
$1,065,000
$977,870
17.92%
TOTAL INVENTORY
23
64.29%
INVENTORY SNAPSHOT
10/22
11/22
12/22
13
2/23
3/23
4/23
5/23
6/23
7/23
Total Inventory
30
21
22 14
18
20
MEDIAN PRICE PER SQFT
-21.58%
10/23
33
MEDIAN DAYS ON MARKET
$794.35
9/23
Total Sold
-41.67%
-22.22%
8/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
7
1/23
20
23
25
24
23 22
17
10/22
14
13
12 6
5
11/22
12/22
8 1 1/23
2/23
5
5
3/23
4/23
9
7 5/23
6/23
3 7/23
8/23
9/23
7 10/23
SALES RATIO
30.43% -64.61%
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
$816,203 MEDIAN SALES PRICE
$760,000
$746,000
$737,000
$744,716
$760,000
$690,125
$690,000
TOTAL INVENTORY
$649,000
66
INVENTORY SNAPSHOT
$747,495
$740,000
$715,000 $695,000
1.88%
-2.94%
$750,000
10/22
11/22
12/22
27
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
26
Total Inventory
Total Sold
-18.75%
MEDIAN DAYS ON MARKET
18
-5.26%
90
90 68
80
58
88 80
80
72
69
75
69
66
29
27
26
8/23
9/23
10/23
MEDIAN PRICE PER SQFT
$484.17 -15.36%
32 10/22
31 11/22
39
33 12/22
13 1/23
15 2/23
3/23
36 23
23
4/23
5/23
22 6/23
7/23
SALES RATIO
39.39% -16.18%
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
$928,000 $897,500
MEDIAN SALES PRICE
$897,500
$855,000 $860,050 $850,000 $851,500
$860,000 $844,000
$850,000
$860,000 $865,000
-3.29%
TOTAL INVENTORY
$789,000 $785,000
55
-21.43%
INVENTORY SNAPSHOT
10/22
11/22
12/22
33
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
12
Total Inventory
Total Sold
-20%
MEDIAN DAYS ON MARKET
27
145.45%
70
60
55
63
65
74
66
74 66
60
73
74 55
MEDIAN PRICE PER SQFT
$647.60 -10.8%
15
18
16
13
16
10/22
11/22
12/22
1/23
2/23
25 3/23
17 4/23
22 5/23
29 6/23
19
19
22
7/23
8/23
9/23
12 10/23
SALES RATIO
21.82% 3.9%
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
$3,100,000
2023
MEDIAN SALES PRICE
$2,050,000 $1,830,000 $1,700,000
$1,723,000
$2,450,000 $2,380,000 $2,100,000 $2,095,000
$2,360,000 $2,099,000
$1,723,000 $1,350,000
$1,126,000
-5.85%
TOTAL INVENTORY
25
66.67%
INVENTORY SNAPSHOT
10/22
11/22
12/22
14
2/23
3/23
4/23
Total Inventory
12.5%
54
MEDIAN DAYS ON MARKET
44.44%
$989.01 4.77%
6/23
7/23
8/23
9/23
10/23
55
Total Sold 55
56
35 15
11
8
7
51
10/22
11/22
36 25
17
12/22
3 1/23
54
60
41
26
MEDIAN PRICE PER SQFT
5/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
9
1/23
5 2/23
12
13
15
3/23
4/23
5/23
18
6/23
20 13
11
7/23
8/23
9 9/23
10/23
SALES RATIO
36.00% -32.08%
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
$3,100,000
2023
MEDIAN SALES PRICE
$2,050,000 $1,830,000 $1,700,000
$2,400,000
$2,450,000 $2,400,000 $2,380,000 $2,100,000 $2,095,000
$2,360,000 $2,099,000
$1,350,000 $1,126,000
31.15%
TOTAL INVENTORY
58
286.67%
INVENTORY SNAPSHOT
10/22
11/22
12/22
41
1/23
2/23
11
Total Inventory
37.5%
54
MEDIAN DAYS ON MARKET
55.56%
35.23%
5/23
6/23
7/23
8/23
9/23
10/23
55
Total Sold 55
56
35 15
11
8
7
10/22
11/22
3 1/23
58
51
36
17
12/22
54
60
41
28
$1,276.55
4/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
MEDIAN PRICE PER SQFT
3/23
5 2/23
12
13
15
3/23
4/23
5/23
18
6/23
20 13
11
7/23
8/23
11 9/23
10/23
SALES RATIO
18.97% -64.22%
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
$889,500 $845,000
$830,000 $796,000
MEDIAN SALES PRICE
$861,000
$767,000
$747,500 $755,000 $695,000
33.49%
TOTAL INVENTORY
$675,000
$645,000
INVENTORY SNAPSHOT
10/22
$667,150
$635,000
28
55.56%
$861,000
11/22
12/22
11
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
10
Total Inventory
Total Sold
42.86%
MEDIAN DAYS ON MARKET
11.5
-66.18%
28 22 22
18
21
18
19
17
MEDIAN PRICE PER SQFT
$573.41 -7.07%
18
19
23 16
14 7 10/22
9 11/22
4 12/22
6
6
1/23
2/23
9
9
3/23
4/23
7 3 5/23
6/23
9 7/23
10 6
5
8/23
9/23
10/23
SALES RATIO
35.71% -8.42%
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
$907,500 MEDIAN SALES PRICE
$810,000 $780,000
TOTAL INVENTORY
$682,500
20
INVENTORY SNAPSHOT
10/22
11/22
12/22
12
1/23
2/23
3/23
4/23
5/23
6/23
Total Inventory
13
$641.36 11.54%
9/23
10/23
36
MEDIAN DAYS ON MARKET
MEDIAN PRICE PER SQFT
8/23
Total Sold
-61.11%
-18.75%
7/23
TOTAL INVENTORY/SOLD - 13 MONTH TREND
TOTAL SOLD
7
$794,500
$752,500
3.84%
17.65%
$865,000
$837,500
$833,000 $830,000
$865,000
$875,000 $880,000 $870,000
30 17
18
23
12
17
18
20 12
10/22
5 11/22
4 12/22
3 1/23
24
2/23
8 3/23
19
20
20 20
21 12
5 4/23
5 5/23
6/23
7/23
10 8/23
7 2 9/23
10/23
SALES RATIO
35.00% -66.98%
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
MEDIAN SALES PRICE
$3,400,000 $3,045,000 $2,900,000
$3,000,000 $2,760,000
$2,550,000
$3,000,000
$2,900,000 $2,825,000
$2,699,500
$2,550,000 $2,482,500
$2,530,000
-15%
$2,175,000
TOTAL INVENTORY
97
21.25%
INVENTORY SNAPSHOT
10/22
11/22
12/22
69
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
11
Total Inventory
Total Sold
-56%
MEDIAN DAYS ON MARKET
12
-14.29%
105 80 65
13.5%
25 10/22
95
91
20
25
25
28
3/23
4/23
5/23
6/23
82
MEDIAN PRICE PER SQFT
$1,355.18
94
57
22
18
11/22
12/22
64
11 1/23
111
93
97
64
7 2/23
35 19 7/23
8/23
28 9/23
11 10/23
SALES RATIO
11.34% -63.42%
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
$1,580,000 MEDIAN SALES PRICE
$1,515,000
$1,480,000 $1,460,000
$1,485,000
$1,399,000$1,404,860
TOTAL INVENTORY
$1,200,000
162
INVENTORY SNAPSHOT
$1,365,000
$1,300,000$1,288,500$1,284,000
1.71%
58.82%
$1,492,500$1,485,000
10/22
11/22
12/22
86
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
50
Total Inventory
Total Sold
0%
MEDIAN DAYS ON MARKET
10
-50%
140 102
91
100
102
123
123
43
41
3/23
4/23
135
155
163
162 145
105
MEDIAN PRICE PER SQFT
$817.33 0.66%
50
43
10/22
11/22
33 12/22
20 1/23
33 2/23
57
52
51
5/23
6/23
7/23
63 40 8/23
9/23
50 10/23
SALES RATIO
30.86% -37.01%
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
$1,060,000
$1,047,500
$1,046,500 MEDIAN SALES PRICE
$1,060,000
$1,000,000
$1,000,000 $975,000
6%
$930,000 $933,750
TOTAL INVENTORY
INVENTORY SNAPSHOT
$955,000
$944,000
$914,500
183
7.02%
$945,000
$942,000
10/22
11/22
12/22
90
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
69
Total Inventory
Total Sold
192
200
-8%
MEDIAN DAYS ON MARKET
10
-41.18%
187
171
163
142
185
210
206 188
208 183
162
MEDIAN PRICE PER SQFT
$685.24 2.27%
75 10/22
61
70
11/22
12/22
46
52
1/23
2/23
79
71
77
86
85
3/23
4/23
5/23
6/23
7/23
101
8/23
89
9/23
69 10/23
SALES RATIO
37.70% -14.31%
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