Sunny Rahmani Market Intelligence Report

Palos Verdes and Harbor Cities Market Intelligence Report Vol. 4 | January 2018 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

Palos Verdes Estates

Rancho Palos Verdes

Palos Verdes Peninsula

Rolling Hills Rolling Hills Estates

RE/MAX Estate Properties 700+ Local Agents • 17 Offices • Luxury Residential Commercial Investment Division • International

Sunny Rahmani (310) 977-2345

srahmani@pvexecs.com www.sunnyrahmani.com Lic# 01411242

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 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

RE/MAX Estate Properties • 700+ Local Agents • 17 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212 WEST LOS ANGELES 10931 W. Pico Blvd.

Los Angeles, CA 90064 SANTA MONICA 620 Santa Monica Blvd. Suite B Santa Monica, CA 90401

HERMOSA BEACH 2601 Pacific Coast Hwy. Hermosa Beach, CA 90254 SOUTH BAY 23740 Hawthorne Blvd., 2nd Flr Torrance, CA 90505 REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277

MARINA DEL REY / VENICE 124 Washington Blvd.

Marina Del Rey, CA 90292

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

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

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

EL SEGUNDO 402 Main Street El Segundo, CA 90245

MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275

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

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

MANHATTAN BEACH 1040 Manhattan Beach Blvd.

Manhattan Beach, CA 90266 RE/MAX COMMERCIAL & INVESTMENT REALTY D OW N TOW N LOS ANG ELES | SOUT H BAY| www.REMAXC IR.com

LOS ANGELES 550 South Hope Street, Suite 500 Los Angeles, CA 90071

SOUTH BAY 23001 Hawthorne Blvd., Suite 205 Torrance, CA 90505

Sunny Rahmani (310) 977-2345

srahmani@pvexecs.com www.sunnyrahmani.com Lic# 01411242