Steve Kary Market Intelligence Report South Bay

Steve S. Kary Broker Associate

310-420-8833 karysteve@gmail.com DRE# 00872041

DECEMBER 2023

SOUTH BAY MARKET INTELLIGENCE REPORT

...BROUGHT TO YOU BY

RE/MAX ESTATE PROPERTIES

DRE # 01879720

DRE# 00872041

WE ARE THE COAST | RE/MAX ESTATE PROPERTIES | MALAGA COVE OFFICE 310.420.8833 | karysteve@gmail.com 310.378.9494 | MARKETING@EPLAHOMES.COM

$4 BILLION

2022 DOLLAR VOLUME

50 00+

REAL ESTATE AGENTS

#1 SOUTH BAY

HELPING 3,800+ FAMILIES YEARLY

12 OFFICES

WE ARE THE COAST

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$766,536

$760,000 MEDIAN SALES PRICE

$748,315

$739,000 $725,000

8.14%

TOTAL INVENTORY

101

24.69%

INVENTORY SNAPSHOT

$748,315 $733,250

$730,000

$717,500

$712,000 $692,000 $690,000

11/22

12/22

$699,000 $689,500

1/23

40

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

41

Total Inventory

36.67%

Total Sold

MEDIAN DAYS ON MARKET

10

-37.5%

113 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

101

MEDIAN PRICE PER SQFT

$485.44 7.88%

30

34

11/22

12/22

26

22

1/23

2/23

29

26

3/23

4/23

38

41

10/23

11/23

SALES RATIO

40.59% 9.71%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND $3,130,000

DECEMBER

2023

$1,775,000 $1,375,000

MEDIAN SALES PRICE

$1,700,000

$1,130,000

$980,000 $950,000

$1,875,000 $1,700,000

$1,620,000$1,700,000$1,525,000

$1,065,000

$977,870

73.47%

TOTAL INVENTORY

23

27.78%

INVENTORY SNAPSHOT

11/22

12/22

1/23

12

3/23

4/23

5/23

Total Inventory

50%

MEDIAN DAYS ON MARKET

5

-89.8%

68.07%

7/23

8/23

9/23

10/23

11/23

Total Sold 33

30

22 18

20

MEDIAN PRICE PER SQFT

$1,075.62

6/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

9

2/23

20

23

25

24

14

13 5

11/22

12/22

8 1 1/23

2/23

5

5

3/23

4/23

23

22

17 6

23

7 5/23

6/23

9 3 7/23

8/23

9/23

9

7 10/23

11/23

SALES RATIO

39.13% 18.58%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$816,203 MEDIAN SALES PRICE

$810,000 16.55%

$737,000

11/22

12/22

1/23

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

25

Total Inventory

-19.35%

MEDIAN DAYS ON MARKET

-52.94%

$760,000

$649,000

27

16

$744,716

$690,125

$690,000

65

INVENTORY SNAPSHOT

$747,495

$740,000

$715,000 $695,000

TOTAL INVENTORY

12.07%

$750,000

$810,000

90

90 80

58

88 80

80

Total Sold

72

69

75

69

66

65

29

27

26

25

8/23

9/23

10/23

11/23

MEDIAN PRICE PER SQFT

$558.25 10.54%

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

38.46% -27.43%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$897,500 MEDIAN SALES PRICE

$840,000

$855,000 $860,050 $850,000 $851,500

$860,000 $844,000

$850,000

$860,000 $865,000 $840,000

-1.75%

TOTAL INVENTORY

$789,000 $785,000

57

-5%

INVENTORY SNAPSHOT

11/22

12/22

1/23

28

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

17

Total Inventory

-5.56%

Total Sold

MEDIAN DAYS ON MARKET

15

7.14%

60

55

63

65

74

66

74 66

60

73

74 55

57

MEDIAN PRICE PER SQFT

$649.53 -3.63%

18

16

13

16

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

17 11/23

SALES RATIO

29.82% -0.58%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

$3,100,000

2023

$2,050,000 MEDIAN SALES PRICE

$2,300,000

$2,450,000 $2,400,000$2,300,000 $2,380,000 $2,100,000 $2,095,000

$2,360,000 $2,099,000

$1,700,000 $1,350,000 $1,126,000

35.29%

TOTAL INVENTORY

20

81.82%

INVENTORY SNAPSHOT

11/22

12/22

1/23

12

2/23

3/23

4/23

5/23

6/23

7/23

8/23

7

0%

54

MEDIAN DAYS ON MARKET

Total Inventory 55 55

Total 56 Sold 60

11/23

-34.38%

35

54

58

51

41

21

36 20

MEDIAN PRICE PER SQFT

-10.02%

10/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

$958.33

9/23

11

17

7 11/22

12/22

3 1/23

5 2/23

12

13

3/23

4/23

15 5/23

18

6/23

20 13 7/23

11 8/23

11 9/23

10/23

7 11/23

SALES RATIO

35.00% -45.31%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

$3,100,000

2023

$2,050,000 MEDIAN SALES PRICE

$1,860,000

$2,450,000 $2,400,000 $2,380,000 $2,100,000 $2,095,000 $1,860,000

$2,360,000 $2,099,000

$1,700,000 $1,350,000 $1,126,000

9.41%

TOTAL INVENTORY

52

372.73%

INVENTORY SNAPSHOT

11/22

12/22

1/23

41

3/23

4/23

5/23

6/23

7/23

8/23

-28.57%

54

MEDIAN DAYS ON MARKET

Total Inventory 55 55

Total 56 Sold 60

43.75%

35

54

11/23

11

17

7 11/22

12/22

3 1/23

58 52

36

MEDIAN PRICE PER SQFT

0.65%

10/23

51

41

46

$1,071.88

9/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

5

2/23

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

5 11/23

SALES RATIO

9.62%

-84.98%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$889,500 $845,000

$830,000 MEDIAN SALES PRICE

$807,500

$767,000

$747,500 $755,000 $695,000

$675,000

19

INVENTORY SNAPSHOT

11/22

12/22

1/23

7

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

8

$667,150

$635,000

TOTAL INVENTORY

-13.64%

$807,500

$796,000

1.44%

$861,000

Total Inventory

-11.11%

Total Sold

MEDIAN DAYS ON MARKET

14

-17.65%

28 22 22

21

17

18

19

MEDIAN PRICE PER SQFT

$524.29 -15.3%

18

19

23

19

16

14 9 11/22

4 12/22

6

6

1/23

2/23

9 3/23

9 4/23

3 5/23

7 6/23

9 7/23

10

6

5

8/23

9/23

10/23

8 11/23

SALES RATIO

42.11% 2.7%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$907,500 MEDIAN SALES PRICE

$888,000

$830,000

$810,000

$837,500

11/22

12/22

1/23

17

2/23

3/23

4/23

5/23

6/23

5

Total Inventory

0%

8/23

9/23

10/23

11/23

Total 36 Sold

MEDIAN DAYS ON MARKET

30

12

23

20%

13.69%

7/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

$543.45

$794,500

$682,500

26

MEDIAN PRICE PER SQFT

$888,000

$752,500

TOTAL INVENTORY

INVENTORY SNAPSHOT

$865,000

$780,000

6.99%

116.67%

$875,000 $880,000 $870,000

12

17

18

20 12

5 11/22

4 12/22

3 1/23

24

2/23

8 3/23

19

20

20 20

21 12

5

5

4/23

5/23

6/23

26

7/23

10 8/23

7 2 9/23

10/23

5 11/23

SALES RATIO

19.23% -54.21%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

MEDIAN SALES PRICE

$2,432,500

$3,400,000 $3,045,000 $2,900,000

$2,760,000

$3,000,000

$2,900,000 $2,825,000

$2,699,500

$2,550,000 $2,482,500 $2,432,500

$2,530,000

-11.87%

$2,175,000

TOTAL INVENTORY

103

58.46%

INVENTORY SNAPSHOT

11/22

12/22

1/23

70

2/23

3/23

4/23

5/23

6/23

7/23

22

Total Inventory

0%

105

13

65

22 11/22

57

18 12/22

64

11 1/23

94

95

91

20

25

25

28

3/23

4/23

5/23

6/23

82

MEDIAN PRICE PER SQFT

4.6%

10/23

11/23

Total Sold

MEDIAN DAYS ON MARKET

$1,156.91

9/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

-7.14%

8/23

111

93

103 97

64

7 2/23

35 19 7/23

8/23

28 9/23

11 10/23

22 11/23

SALES RATIO

21.36% -37.18%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$1,580,000 MEDIAN SALES PRICE

$1,515,000

$1,480,000

$1,399,309

$1,399,000$1,404,860

TOTAL INVENTORY

$1,200,000

143

INVENTORY SNAPSHOT

11/22

12/22

1/23

78

2/23

3/23

4/23

5/23

6/23

7/23

8/23

9/23

10/23

11/23

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

47

Total Inventory

9.3%

Total Sold

MEDIAN DAYS ON MARKET

19

-38.71%

$1,399,309

$1,365,000

$1,300,000$1,288,500$1,284,000

-5.45%

57.14%

$1,492,500$1,485,000

140

91

100

102

123

123

43

41

3/23

4/23

135

155

163

162 143

145

105

MEDIAN PRICE PER SQFT

$794.67 7.97%

43 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

47

10/23

11/23

SALES RATIO

32.87% -30.07%

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: 12/1/2023

MEDIAN SALES PRICE - 13 MONTH TREND DECEMBER

2023

$1,060,000

$1,047,500

$1,046,500 MEDIAN SALES PRICE

$995,000 6.99%

TOTAL INVENTORY

$1,000,000

INVENTORY SNAPSHOT

$930,000 $933,750

11/22

12/22

1/23

59

2/23

3/23

4/23

5/23

Total Inventory

-3.28%

MEDIAN DAYS ON MARKET

6/23

7/23

7.26%

8/23

9/23

10/23

11/23

192

187 163

142

185

200

Total Sold

210

206 188

61

70

11/22

12/22

208 183

162

MEDIAN PRICE PER SQFT

$676.81

$944,000

TOTAL INVENTORY/SOLD - 13 MONTH TREND

TOTAL SOLD

-16.67%

$955,000

$914,500

83

10

$945,000

$942,000

169

19.01%

$995,000

$975,000

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

169

69

59

10/23

11/23

SALES RATIO

34.91% -18.81%

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: 12/1/2023

STEVE KARY ASSOCIATE | LICENSE# 00872041

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