Rukhi Ghaznavi South Bay Market Intelligence

South Bay Market Intelligence Report Vol. 5 | May 2019 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 El Segundo

Lomita

Gardena

Manhattan Beach

Hawthorne

North Redondo

Hermosa Beach

South Redondo

Lawndale

Torrance

RE/MAX Estate Properties 650+ Local Agents • 16 Offices • Luxury Residential Commercial Investment Division • International

Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871

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.

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.

average Price Per Square Foot:

Found by taking the price of each property and dividing that by its ProPertieS Pending Sale: The number of properties placed in escrow during any given square footage, then finding the average for all properties Sold. month.

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):

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 May 2019 are based on data available at the end of April 2019. 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.

The average number of days that properties were on ACTIVE on the market.

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

SouthBay Market Intelligence re/MaX estate Properties tracks key data points in significant cities and areas throughout the Southbay. el Segundo .............................................................4 gardena .................................................................5 hawthorne .............................................................6 hermosa beach .....................................................7 lawndale ...............................................................8 lomita ....................................................................9 Manhattan beach ................................................10 redondo beach ...................................................11 torrance ...............................................................12

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Hills ElRolling Segundo December APRIL StAtS StatS Key Facts:

N/A $1,005,000

Median Sold Price

N/A $1,137,000

Average Sold Price

22 24

Dec. APR. 2016 2018

Dec. APR. 2017 2019

% Change

Median Price (in $,000)

$4,555 $1,215

$1,005 N/A

-100% -17%

Average Price Per Sq. Foot

$1,192 $713

$627 N/A

-100% -12%

Properties for Sale

18 17

24 22

29% 33%

Properties Pending Sales

11 2

17 3

50% 55%

Properties Sold

13 2

10 0

-100% -23%

Days on Market (Sold Homes)

24 28

N/A 52

-100% 117%

Monthly Supply of Inventory

1.3 9

2.2 24

167% 69%

76.5 11.1

45.5 N/A

-100% -41%

Absorption Rate (closed sales)

Listings for Sale

AveRAge average & MedIAn meDian PRIce Price $1,800

17 3

Listings Pending

$1,600 $3,500 $3,500 $5,000

$1,400 $4,500 $3,000 $3,000

$1,137

$1,200

10 0

Listings Sold

52 N/A

Days On Market

$1,005 $2,593 $2,593

$4,000

$2,500 $2,500 $1,000 $3,500

$800 $3,000 $2,000 $2,000 $1,655 $1,655

$600 $2,500 $1,500 $1,500 $2,000 $400

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

Apr.

May

Jun.

July

Aug.

Sept.

Oct.

Nov. Dec.

Jan.

Feb.

Mar.

Apr.

$500 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 $- 2019 2019 $-

$- $$-

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 Median

Average Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Gardena APRIL StAtS Key Facts:

$533,000

Median Sold Price

$533,000

Average Sold Price

75

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$511

$533

4%

Average Price Per Sq. Foot

$403

$405

0%

Properties for Sale

24

75

213%

Properties Pending Sales

39

49

26%

Properties Sold

31

40

29%

Days on Market (Sold Homes)

29

32

10%

Monthly Supply of Inventory

0.8

1.9

138%

53.2

-59%

Absorption Rate (closed sales) 129.2

Listings for Sale $600

49

Listings Pending

AveRAge & MedIAn PRIce

$580 $3,500 $560 $533

$3,000 $540

40

Listings Sold

$533$2,593

$2,500 $520 $2,000 $500

32

Days On Market

$1,655

$1,500 $480 $1,000 $460 $440 $500

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019

$-

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Hawthorne APRIL StAtS Key Facts:

$623,000

Median Sold Price

$659,000

Average Sold Price

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$698

$623

-11%

Average Price Per Sq. Foot

$476

$509

7%

Properties for Sale

31

59

90%

Properties Pending Sales

32

45

41%

Properties Sold

31

26

-16%

Days on Market (Sold Homes)

26

41

58%

1

2.3

130%

44.1

-56%

Monthly Supply of Inventory

59

Absorption Rate (closed sales) 100

Listings for Sale

45

Listings Pending

AveRAge & MedIAn PRIce $800 $3,500

$659

$700

$623

$3,000 $600

26

Listings Sold

$2,593

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

41

Days On Market

$1,655

$1,500 $300 $1,000$200 $500$100 $- $-

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Hermosa Beach APRIL StAtS Key Facts:

$1,538,000 Median Sold Price

$1,863,000

Average Sold Price

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$1,745

$1,538

-12%

Average Price Per Sq. Foot

$1,025

$943

-8%

Properties for Sale

53

49

-8%

Properties Pending Sales

27

15

-44%

Properties Sold

18

20

11%

Days on Market (Sold Homes) 70

24

-66%

2.9

2.5

-14%

40.8

20%

Monthly Supply of Inventory

49

Absorption Rate (closed sales) 34

Listings for Sale

AveRAge & MedIAn PRIce $3,500

15

Listings Pending

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

20

Listings Sold

$2,593 $1,863

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

$1,538 $1,655

$1,500

24

Days On Market

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

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Lawndale APRIL StAtS Key Facts:

$570,000

Median Sold Price

$564,000

Average Sold Price

12

APR. 2018 $545

$570

5%

Average Price Per Sq. Foot

$425

$379

-11%

Properties for Sale

18

12

-33%

Properties Pending Sales

8

12

50%

Properties Sold

9

8

-11%

Days on Market (Sold Homes)

36

28

-22%

Monthly Supply of Inventory

2

1.5

-25%

50

66.7

33%

Absorption Rate (closed sales)

AveRAge & MedIAn PRIce $700

12

% Change

Median Price (in $,000)

Listings for Sale

Listings Pending

APR. 2019

$564 $570

$3,500 $600 $3,000 $500

8

$2,593 $2,500 $400

Listings Sold $2,000 $300 $1,655

28

Days On Market

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

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Lomita APRIL StAtS Key Facts:

$550,000 Median Sold Price

$608,000

Average Sold Price

23

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$679

$550

-19%

Average Price Per Sq. Foot

$404

$411

2%

Properties for Sale

11

23

109%

Properties Pending Sales

14

21

50%

Properties Sold

14

11

-21%

Days on Market (Sold Homes)

19

42

121%

Monthly Supply of Inventory

0.8

2.1

163%

47.8

-62%

Absorption Rate (closed sales) 127.3

Listings for Sale

AveRAge & MedIAn PRIce $800

21

Listings Pending

$700 $3,500

$608

$600 $3,000

11

Listings Sold

$550 $2,593

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

$1,655

$300

42

Days On Market

$1,500 $200 $1,000 $100 $500 $Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 $-

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Manhattan Beach APRIL StAtS Key Facts:

$2,337,000

Median Sold Price

$2,611,000

Average Sold Price

117

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$2,350

$2,337

-1%

Average Price Per Sq. Foot

$1,050

$931

-11%

Properties for Sale

98

117

19%

Properties Pending Sales

29

43

48%

Properties Sold

27

44

63%

Days on Market (Sold Homes)

32

63

97%

Monthly Supply of Inventory

3.6

2.7

-25%

Absorption Rate (closed sales)

27.6

37.6

36%

Listings for Sale

AveRAge & MedIAn PRIce $4,000

43

Listings Pending

44

Listings Sold

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

$2,611

$2,500 $2,500

$2,593 $2,337

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

$1,500

63

Days On Market

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

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Redondo Beach APRIL StAtS Key Facts:

$1,145,000 Median Sold Price

$1,211,000

Average Sold Price

116

APR. 2018

APR. 2019

% Change

Median Price (in $,000)

$1,160

$1,145

-1%

Average Price Per Sq. Foot

$600

$604

1%

Properties for Sale

100

116

16%

Properties Pending Sales

67

77

15%

Properties Sold

70

87

24%

Days on Market (Sold Homes)

16

42

163%

Monthly Supply of Inventory

1.4

1.3

-7%

Absorption Rate (closed sales) 70

75

7%

Listings for Sale

AveRAge & MedIAn PRIce $1,400

77

Listings Pending

$1,211 $3,500 $1,200

$1,145

$3,000 $1,000

87

$2,593 $2,500 $800

Listings Sold $2,000 $600 $1,655

42

Days On Market

$400 $1,500

$200 $1,000 $$500

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019

$-

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Torrance APRIL StAtS Key Facts:

$822,000

Median Sold Price

$911,000

Average Sold Price

117

APR. 2018 $810

$822

1%

Average Price Per Sq. Foot

$554

$515

-7%

Properties for Sale

103

117

14%

Properties Pending Sales

87

94

8%

Properties Sold

84

81

-4%

Days on Market (Sold Homes)

20

33

65%

Monthly Supply of Inventory

1.2

1.4

17%

Absorption Rate (closed sales)

81.6

69.2

-15%

AveRAge & MedIAn PRIce $1,000

94

% Change

Median Price (in $,000)

Listings for Sale

Listings Pending

APR. 2019

$911

$900 $3,500

$822

$800

$3,000 $700

81

$2,593

$600 $2,500

Listings Sold

$500

$2,000 $400

33

Days On Market

$1,655

$1,500 $300 $200 $1,000 $100

$500 $$-

Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019

Median

Average

Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

RE/MAX Estate Properties • 650+ Local Agents • 16 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212

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

WEST LOS ANGELES 10931 W. Pico Blvd.

Los Angeles, CA 90064

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

MARINA DEL REY / VENICE 124 Washington Blvd.

Marina Del Rey, CA 90292

REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277

SILICON BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045

MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274

EL SEGUNDO 402 Main Street El Segundo, CA 90245

SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274

MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266

MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275

MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266

SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732

COMMERCIAL & INVESTMENT REALTY

los anGe l e s | s o U Th B ay | www. R e M aXC i R .co m

LOS ANGELES 99 South Lake Avenue #504 Pasadena, CA 91101

SOUTH BAY 450 Silver Spur Road Rolling Hills Estates, CA 90274

Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation.

Information contained herein deemed reliable, although not guaranteed.

Notes:

Notes:

Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com

RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871