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TheSouthBay

Market Intelligence Report 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 report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Hawthorne, Gardena, Lawndale and Lomita.

ESTAT

Penny Brincat

It Makes “Cents� To Call Penny 310.702.5463 | BrincatRealtor.com | Lic# 01748151


700+ Local Agents • 17 Offices • Luxury Residential Commercial Investment Division • International Children’s Miracle Network of Hospitals Supporter #27 RIS Media Top 500 Power Broker BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212 Phone: 310.205.0050 WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064 Phone: 310.202.8141 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 Phone: 310.577.5300 EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310.322.1425 MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 Phone: 310.376.2225 MANHATTAN BEACH DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 Phone: 310.937.5700 HERMOSA BEACH 2601 Pacific Coast Hwy. #101 Hermosa Beach, CA 90254 Phone: 310.937.3200

SOUTH BAY 23740 Hawthorne Blvd. 2nd Floor Torrance, CA 90505 Phone: 310.378.9889 REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 Phone: 310.378.7747 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Phone: 310.378.9494 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732 Phone: 310.831.0150 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310.831.0222 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310.544.9999 SILICON BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045

Photography courtesy of Brian Holm | AvenueEye.com | 424.262.7723


SouthBay Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay. This Market Intelligence Report monitors

El Segundo

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.

Gardena Hawthorne

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.

Hermosa Beach Lawndale Lomita Manhattan Beach

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.

Redondo Beach

ABSORPTION RATE (CLOSED SALES):

Torrance

REPORT NOTES:

This is the rate at which properties sell. It is the number of properties sold divided by the total number of properties for sale.

Reports published in August 2017 are based on data available at the end of July 2017. 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.

Photography courtesy of Brian Holm, AvenueEye.com


El Segundo July Stats

$1,010,000

Median Sold Price

Year Over Year

July July 2016 2017

Median Price

$1,325

$1,010

-24%

$641

$581

-9%

Average Price Per Sq. Foot

$1,067,000 Average Sold Price

18 Listings for Sale

Properties for Sale

25

18 -28%

Properties Pending Sales

11

11 0%

Properties Sold

14

15 7%

Days on Market (Sold Homes)

45

28 -38%

Monthly Supply of Inventory

1.8

1.2 -33%

Absorption Rate (closed sales)

56

83.3 49%

$1,600

11 Listings Pending

% Change

Avg. & Median Price by Month

$3,500 $1,400 $3,000 $1,200

$1,067

$1,010

$2,593

$2,500 $1,000

15 Listings Sold

28 Days On Market

$2,000 $800 $1,655 $1,500 $600

$400 $1,000 $200 $500 $$-

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017

Median

Average


Gardena July Stats Year Over Year

July July 2016 2017

% Change

Median Price

$420

$520

24%

Average Price Per Sq. Foot

$327

$350

7%

Properties for Sale

62

40 -35%

Properties Pending Sales

23

51 122%

Properties Sold

33

49 48%

Days on Market (Sold Homes)

39

18 -54%

Monthly Supply of Inventory

1.9

0.8 -58%

Absorption Rate (closed sales)

53.2

122.5 130%

$520,000

Median Sold Price

$488,000

Average Sold Price

40 Listings for Sale

Avg. & Median Price by Month $600 $3,500

$488

51

$520

$500 $3,000 $2,593

Listings Pending

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

$1,655

$1,500

Listings Sold

$200 $1,000

$100 $500

$-

49

$July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017

Median

Average

18 Days On Market


Hawthorne July Stats

$730,000

Median Sold Price

$683,000 Average Sold Price

50 Listings for Sale

Year Over Year

Listings Pending

% Change

Median Price

$584

$730

25%

Average Price Per Sq. Foot

$415

$453

9%

Properties for Sale

43

50 16%

Properties Pending Sales

35

43 23%

Properties Sold

34

37 9%

Days on Market (Sold Homes)

33

27 -18%

Monthly Supply of Inventory

1.3 1.4 8%

Absorption Rate (closed sales)

79.1 74 -6%

$800

43

July July 2016 2017

Avg. & Median Price by Month $683

$3,500 $700

$730

$3,000 $600 $2,593 $2,500 $500

37 Listings Sold

27 Days On Market

$2,000 $400

$1,655

$1,500 $300

$200 $1,000 $100 $500 $$-

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017

Median

Average


Hermosa Beach July Stats Year Over Year

July July 2016 2017

Median Price Average Price Per Sq. Foot

% Change

$1,410

$2,063

46%

$892

$857

-4%

Properties for Sale

63

54 -14%

Properties Pending Sales

26

16 -38%

Properties Sold

23

18 -22%

Days on Market (Sold Homes)

50

32 -36%

Monthly Supply of Inventory

2.7

3 11%

Absorption Rate (closed sales) 36.5

33.3 -9%

$3,500

Median Sold Price

$1,968,000 Average Sold Price

54 Listings for Sale

Avg. & Median Price by Month

16

$3,000 $3,500

$3,000 $2,500

$1,968 $2,593 $2,063

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

$1,655

$1,500 $1,500

Listings Pending

18 Listings Sold

$1,000 $1,000

$500 $500 $- $-

$2,063,000

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 Median

Average

32 Days On Market


Lawndale July Stats

$530,000

Median Sold Price

$530,000

Average Sold Price

18 Listings for Sale

Year Over Year

July July 2016 2017

% Change

Median Price

$430

$530

23%

Average Price Per Sq. Foot

$312

$450

44%

Properties for Sale

19

18 -5%

Properties Pending Sales

16

11 -31%

Properties Sold

13

12 -8%

Days on Market (Sold Homes)

34

23 -32%

Monthly Supply of Inventory

1.5 1.5 0%

Absorption Rate (closed sales)

68.4 66.7 -2%

Avg. & Median Price by Month

11 Listings Pending

$530

$600 $3,500

$530

$500 $3,000 $2,593 $2,500 $400

12

$2,000 $300

Listings Sold

$200

23 Days On Market

$1,655

$1,500

$1,000

$100 $500 $$-

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017

Median

Average


Lomita July Stats Year Over Year

July July 2016 2017

% Change

Median Price

$620

$599

-3%

Average Price Per Sq. Foot

$369

$383

4%

Properties for Sale

22

14 -36%

Properties Pending Sales

19

17 -11%

Properties Sold

15

18 20%

Days on Market (Sold Homes)

41

28 -32%

Monthly Supply of Inventory

1.5

0.8 -47%

Absorption Rate (closed sales)

68.2

128.6 89%

$599,000

Median Sold Price

$598,000 Average Sold Price

14 Listings for Sale

Avg. & Median Price by Month $700 $3,500 $598 $600 $3,000

$599

$2,593

$500 $2,500 $400 $2,000

$1,655

$300 $1,500

Listings Pending

18 Listings Sold

$200 $1,000 $100 $500 $- $-

17

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 Median

Average

28 Days On Market


Manhattan Beach July Stats

$2,425,000

Median Sold Price

$2,622,000 Average Sold Price

115 Listings for Sale

Year Over Year

July July 2016 2017

Median Price

% Change

$2,255

$2,425

8%

Average Price Per Sq. Foot

$946

$975

3%

Properties for Sale

126 115 -9%

Properties Pending Sales

42

36 -14%

Properties Sold

31

41 32%

Days on Market (Sold Homes)

62

33 -47%

Monthly Supply of Inventory

4.1

2.8 -32%

Absorption Rate (closed sales)

24.6 35.7 45%

Avg. & Median Price by Month

36 Listings Pending

$4,000 $3,500 $3,500 $3,000 $2,622 $2,593

$3,000 $2,500 $2,500

41 Listings Sold

33 Days On Market

$2,425

$2,000 $2,000

$1,655

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

$500 $500 $$-

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017

Median

Average


Redondo Beach July Stats Year Over Year

July July 2016 2017

% Change

Median Price

$920

$1,000

9%

Average Price Per Sq. Foot

$541

$567

5%

Properties for Sale

126

102 -19%

Properties Pending Sales

69

99 43%

Properties Sold

83

81 -2%

Days on Market (Sold Homes)

44

20 -55%

Monthly Supply of Inventory

1.5

1.3 -13%

Absorption Rate (closed sales)

65.9

79.4 20%

$1,000,000

Median Sold Price

$1,032,000 Average Sold Price

102 Listings for Sale

Avg. & Median Price by Month $1,200 $3,500

$1,032 $1,000

$1,000 $3,000

$2,593

99 Listings Pending

$2,500$800 $2,000 $600

$1,655

$1,500

Listings Sold

$400 $1,000

$200 $500

$-

81

$July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 Median

Average

20 Days On Market


Torrance July Stats

$763,000

Median Sold Price

$820,000

Average Sold Price

128 Listings for Sale

Year Over Year

Listings Pending

% Change

Median Price

$696

$763

10%

Average Price Per Sq. Foot

$472

$487

3%

Properties for Sale

148

128 -14%

Properties Pending Sales

118

132 12%

Properties Sold

106

90 -15%

Days on Market (Sold Homes)

43

25 -42%

Monthly Supply of Inventory

1.4 1.4 0%

Absorption Rate (closed sales)

71.6 70.3 -2%

$1,000

132

July July 2016 2017

Avg. & Median Price by Month

$3,500 $900

$820

$3,000 $800

$763 $2,593

$700 $2,500 $600

90 Listings Sold

$2,000 $500

$1,655

$400 $1,500 $300 $1,000 $200

25 Days On Market

$500 $100 $-$-

July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 2016 2016 2016 2016 2016 2016 2017 2017 2017 2017 2017 2017 2017 Median

Average


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© 2015-17 RE/MAX Estate Properties


Penny Brincat

It Makes “Cents” To Call Penny 310.702.5463 | BrincatRealtor.com | Lic# 01748151

Penny Brincat South Bay Market Intelligence Report  

Penny designed this publication to give you the facts & trends overview of the most relevant market activities as they unfold in the South B...

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