Pamela Lieb Palos Verdes Market Intelligence Reports

The

Palos Verdes & Harbor Cities

Market Intelligence Report

Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real estate market. This report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates and the Harbor areas including San Pedro, Wilmington and Harbor City

Pamela Lieb

RE/MAX Palos Verdes Broker Associate

Renowed Property Specialist | Certified Luxury Home Marketing Specialist

310.683.9743 | 310.375.9831

View all Palos Verdes & South Bay Homes For Sale at: www.PamelaLieb.com

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 January 2018 are based on data available at the end of December 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

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 DECEMBER STATS Key Facts:

$1,787,000

Median Sold Price

$2,122,000

Average Sold Price

38

Dec. Dec. % 2016 2017 Change

Median Price

$1,687

$1,787

6%

$755

$748

-1%

Average Price Per Sq. Foot

Properties for Sale

37

38 3%

Properties Pending Sales

13

13 0%

Properties Sold

16

11 -31%

Days on Market (Sold Homes)

62

41 -34%

Monthly Supply of Inventory

2.3

3.5 52%

Absorption Rate (closed sales) 43.2

28.9 -33%

Listings for Sale

13

Listings Pending

AVERAGE & MEDIAN PRICE $3,000

$3,500 $2,500

$3,000

11

$2,122

$2,593 $2,500 $2,000 $1,787

Listings Sold $2,000 $1,500

41

Days On Market

$1,655

$1,500 $1,000

$1,000 $500 $500

$-

$-

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

Median

Average

Rancho Palos Verdes DECEMBER STATS Key Facts:

$1,170,000

Median Sold Price

$1,486,000

Average Sold Price

77

Dec. Dec. 2016 2017

Median Price

$1,210

$1,170

-3%

Average Price Per Sq. Foot

$553

$571

3%

Properties for Sale

85

77 -9%

Properties Pending Sales

32

27 -16%

Properties Sold

47

42 -11%

Days on Market (Sold Homes)

55

58 5%

Monthly Supply of Inventory

1.8

1.8 0%

Absorption Rate (closed sales) 55.3 54.5 -1%

Listings for Sale

27

Listings Pending

% Change

AVERAGE & MEDIAN PRICE $3,500

$1,486

$1,600

$3,000 $1,400

42

Listings Sold

$1,170

$1,200 $2,500

$2,593

$1,000

$2,000 $1,655 $800

58

Days On Market

$1,500 $600

$1,000 $400

$500 $200

$-

$-

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

Median

Average

Rolling Hills DECEMBER STATS Key Facts:

N/A

Median Sold Price

N/A

Average Sold Price

24

Dec. Dec. % 2016 2017 Change

Median Price

$4,555

N/A -100%

Average Price Per Sq. Foot

$1,192

N/A

Properties for Sale

18

24 33%

Properties Pending Sales

2

3 50%

Properties Sold

2

0 -100%

Days on Market (Sold Homes)

28

N/A -100%

Monthly Supply of Inventory

9

24 167%

Absorption Rate (closed sales)

11.1

N/A -100%

Listings for Sale

3

Listings Pending

-100%

AVERAGE & MEDIAN PRICE $3,500 $5,000

$4,500 $3,000

0

Listings Sold

$4,000

$2,593

$2,500 $3,500

$3,000 $2,000

$1,655

$2,500

N/A

Days On Market

$1,500 $2,000

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

$500

$500

$$-

$-

$-

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

Median

Average

Rolling Hills Estates DECEMBER STATS Key Facts:

$825,000

Median Sold Price

$1,050,000

Average Sold Price

9

Dec. Dec. 2016 2017

Median Price

$1,428

$825

-42%

Average Price Per Sq. Foot

$536

$534

0%

Properties for Sale

20

9 -55%

Properties Pending Sales

9

7 -22%

Properties Sold

11

9 -18%

Days on Market (Sold Homes)

57

41 -28%

Monthly Supply of Inventory

1.8

1 -44%

Absorption Rate (closed sales)

55

Listings for Sale

7

Listings Pending

% Change

100 82%

AVERAGE & MEDIAN PRICE $1,600

$3,500

$1,400

$3,000

9

Listings Sold

$2,593

$1,200

$2,500

$1,050

$1,000

$2,000

$825

$800

41

Days On Market

$1,500 $600

$1,000 $400

$500 $200

$-

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

Median

Average

$1,655

San Pedro DECEMBER STATS Key Facts:

$509,000

Median Sold Price

$545,000

Average Sold Price

Dec. Dec. % 2016 2017 Change

Median Price

$515

$509

-1%

Average Price Per Sq. Foot

$333

$402

21%

Properties for Sale

86

57 -34%

Properties Pending Sales

41

26 -37%

Properties Sold

44

50 14%

Days on Market (Sold Homes)

60

29 -52%

2

1.1 -45%

Monthly Supply of Inventory

57

Absorption Rate (closed sales) 51.2 87.7 71%

Listings for Sale

26

Listings Pending

AVERAGE & MEDIAN PRICE $3,500 $700

$3,000

50

Listings Sold

$545 $2,593

$600

$2,500

$509

$500

$2,000 $1,655

$400

29

Days On Market

$1,500 $300

$1,000 $200

$500

$100

$-

$-

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

Median

Average

Wilmington DECEMBER STATS Key Facts:

$420,000

Median Sold Price

$415,000

Average Sold Price

18

Listings Pending

$375

$420

12%

Average Price Per Sq. Foot

$275

$361

31%

Properties for Sale

17

18 6%

Properties Pending Sales

5

12 140%

Properties Sold

20

13 -35%

Days on Market (Sold Homes)

56

26 -54%

Monthly Supply of Inventory

0.9

1.4 56%

Absorption Rate (closed sales) 117.6

72.2 -39%

AVERAGE & MEDIAN PRICE $3,500

$500

$450 $3,000

13

Listings Sold

% Change

Median Price

Listings for Sale

12

Dec. Dec. 2016 2017

$415

$420

$400

$2,593

$2,500 $350

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

26

Days On Market

$1,500

$200

$1,000 $150 $100

$500

$50 $-

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

Median

Average

Harbor City DECEMBER STATS Key Facts:

$535,000

Median Sold Price

$520,000

Average Sold Price

22

Median Price

$615

$535

-13%

Average Price Per Sq. Foot

$304

$351

15%

Properties for Sale

16

22 38%

Properties Pending Sales

12

8 -33%

Properties Sold

17

16 -6%

Days on Market (Sold Homes)

48

28 -42%

Monthly Supply of Inventory

0.9

1.4 56%

Absorption Rate (closed sales) 106.3 72.7 -32%

Listings for Sale

8

Listings Pending

Dec. Dec. % 2016 2017 Change

AVERAGE & MEDIAN PRICE $700

$3,500

$520

$600

$3,000

16

Listings Sold

$535

$2,593

$500

$2,500 $400

$2,000 $1,655

28

Days On Market

$300

$1,500

$200 $1,000

$500 $100 $-

$-

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

Median

Average

Pamela Lieb

RE/MAX Palos Verdes Broker Associate

Renowed Property Specialist | Certified Luxury Home Marketing Specialist

310.683.9743 | 310.375.9831

View all Palos Verdes & South Bay Homes For Sale at: www.PamelaLieb.com