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South Bay Market Intelligence Report Vol. 4 | September 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 El Segundo

Lomita

Gardena

Manhattan Beach

Hawthorne

North Redondo

Hermosa Beach

South Redondo

Lawndale

Torrance

RE/MAX Estate Properties 700+ Local Agents • 16 Offices • Luxury Residential Commercial Investment Division • International

BRIAN SWOPE Y O U R R E A L E S TAT E E X P E R T R E A LT O R | C A L B R E # 0 1 9 4 6 7 6 9

2 3 7 4 0 H a w t h o r n e B l v d , 2 nd Fl oor | Torrance, C A 90505 e : b ri a n @ S o u t h B a y H o m es360.com

w: www.S out hBayH omes360.com

d : 310-987-1362


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):

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

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 September 2018 are based on data available at the end of August 2018. 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.


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


El Segundo August Stats Key Facts:

$1,220,000

Median Sold Price

$1,170,000

Average Sold Price

24

AUG. AUG. % 2017 2018 Change

Median Price

$1,269

$1,220

-4%

Average Price Per Sq. Foot

$699

$666

-5%

Properties for Sale

24

24 0%

Properties Pending Sales

11

12 9%

Properties Sold

13

17 31%

Days on Market (Sold Homes)

18

39 117%

Monthly Supply of Inventory

1.8

1.4 -22%

Absorption Rate (closed sales) 54.2 70.8 31%

Listings for Sale

12

Listings Pending

Average & Median Price $3,500 $1,600

$1,400 $3,000

17

Listings Sold

39

Days On Market

$1,220 $1,170

$1,200 $2,500

$2,593

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

$800 $1,500 $600 $1,000

$400 $500 $200 $-

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Gardena August Stats Key Facts:

$525,000

Median Sold Price

$520,000

Average Sold Price

53

AUG. AUG. 2017 2018

Median Price

$490

$525

7%

Average Price Per Sq. Foot

$368

$407

11%

Properties for Sale

51

53 4%

Properties Pending Sales

36

48 33%

Properties Sold

46

38 -17%

Days on Market (Sold Homes) 23

37 61%

Monthly Supply of Inventory

1.4 27%

Listings Pending

1.1

Absorption Rate (closed sales) 90.2 71.7 -21%

Listings for Sale

48

Average & Median Price $3,500$700 $3,000$600

38

Listings Sold

% Change

$520 $525 $2,593

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

37

Days On Market

$1,655

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

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Hawthorne August Stats Key Facts:

$715,000

Median Sold Price

$709,000

Average Sold Price

35

Median Price

$610

$715

17%

Average Price Per Sq. Foot

$433

$548

27%

Properties for Sale

43

35 -19%

Properties Pending Sales

52

30 -42%

Properties Sold

40

40 0%

Days on Market (Sold Homes)

19

16 -16%

Monthly Supply of Inventory

1.1

0.9 -18%

Absorption Rate (closed sales) 93

114.3 23%

Listings for Sale

30

Listings Pending

AUG. AUG. % 2017 2018 Change

Average & Median Price $800

$709

$3,500

$715

$700 $3,000 $600

40

Listings Sold

$2,593

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

16

Days On Market

$1,655

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

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Hermosa Beach August Stats Key Facts:

$1,975,000 Median Sold Price

$2,311,000

Average Sold Price

60

AUG. AUG. 2017 2018

% Change

Median Price

$1,500

$1,975

32%

Average Price Per Sq. Foot

$1,055

$1,115

6%

Properties for Sale

42

60 43%

Properties Pending Sales

11

20 82%

Properties Sold

24

18 -25%

Days on Market (Sold Homes) 30

23 -23%

Monthly Supply of Inventory

1.8

3.3 83%

Absorption Rate (closed sales) 57.1

30 -47%

Listings for Sale

Average & Median Price $3,500

20

Listings Pending

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

$2,311

$2,500

18

Listings Sold

$2,593

$2,500

$1,975

$2,000 $2,000

$1,655

23

Days On Market

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

$500 $500 $-

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Lawndale August Stats Key Facts:

$549,000

Median Sold Price

$529,000

Average Sold Price

17

Median Price

$602

$549

-9%

Average Price Per Sq. Foot

$383

$365

-5%

Properties for Sale

23

17 -26%

Properties Pending Sales

14

13 -7%

Properties Sold

13

15 15%

Days on Market (Sold Homes)

32

39 22%

Monthly Supply of Inventory

1.8

1.1 -39%

Absorption Rate (closed sales) 56.5 88.2 56%

Listings for Sale

13

Listings Pending

AUG. AUG. % 2017 2018 Change

Average & Median Price $700 $3,500

$529

$600 $3,000

15

Listings Sold

$549 $2,593

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

$1,655

39

Days On Market

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

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Lomita August Stats Key Facts:

$715,000 Median Sold Price

$704,000

Average Sold Price

24

Listings Pending

% Change

Median Price

$585

$715

22%

Average Price Per Sq. Foot

$372

$419

13%

Properties for Sale

13

24 85%

Properties Pending Sales

14

14 0%

Properties Sold

22

15 -32%

Days on Market (Sold Homes) 46

28 -39%

Monthly Supply of Inventory

1.6 167%

0.6

Absorption Rate (closed sales) 169.2 62.5 -63%

Listings for Sale

14

AUG. AUG. 2017 2018

Average & Median Price $3,500 $800

$704

$715

$700 $3,000

15

Listings Sold

28

Days On Market

$2,593

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

$1,655

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

$200 $500 $100 $-

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Manhattan Beach August Stats Key Facts:

$2,790,000

Median Sold Price

$3,636,000

Average Sold Price

96

AUG. AUG. % 2017 2018 Change

Median Price

$2,265

$2,790

23%

Average Price Per Sq. Foot

$1,202

$1,232

2%

Properties for Sale

115

96 -17%

Properties Pending Sales

24

29 21%

Properties Sold

33

38 15%

Days on Market (Sold Homes)

39

58 49%

Monthly Supply of Inventory

3.5

2.5 -29%

Absorption Rate (closed sales) 28.7 39.6 38%

Listings for Sale

29

Listings Pending

Average & Median Price $3,636

$4,000 $3,500 $3,500 $3,000

38

Listings Sold

$2,593 $2,790

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

$1,655

$2,000

58

Days On Market

$1,500

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

Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Redondo Beach August Stats Key Facts:

$1,165,000 Median Sold Price

$1,200,000

Average Sold Price

94

AUG. AUG. 2017 2018

Median Price

$984

$1,165

18%

Average Price Per Sq. Foot

$554

$600

8%

Properties for Sale

96

94 -2%

Properties Pending Sales

90

70 -22%

Properties Sold

96

87 -9%

Days on Market (Sold Homes) 24

27 13%

Monthly Supply of Inventory

1.1 10%

Listings Pending

1

Absorption Rate (closed sales) 100 92.6 -7%

Listings for Sale

70

Average & Median Price $3,500 $1,400

$1,200 $3,000 $1,200

87

Listings Sold

% Change

$1,165 $2,593

$2,500 $1,000 $2,000 $800

27

Days On Market

$1,655

$1,500 $600 $1,000 $400 $500 $200 $-

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


Torrance August Stats Key Facts:

$779,000

Median Sold Price

$817,000

Average Sold Price

138

Median Price

$809

$779

-4%

Average Price Per Sq. Foot

$518

$515

-1%

Properties for Sale

112

138 23%

Properties Pending Sales

120 125 4%

Properties Sold

130

105 -19%

Days on Market (Sold Homes)

23

22 -4%

Monthly Supply of Inventory

0.9

1.3 44%

Absorption Rate (closed sales) 116.1

76.1 -34%

Listings for Sale

125

Listings Pending

Average & Median Price $3,500

$3,000

105

Listings Sold

AUG. AUG. % 2017 2018 Change

$2,500

$1,400

$1,200 $2,593

$1,000 $817

$779

$2,000 $800

$1,655

22

Days On Market

$1,500 $600

$1,000 $400

$500 $200 $-

$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2018 Median

Average


RE/MAX Estate Properties • 700+ 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 Silicon BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045 EL SEGUNDO 402 Main Street El Segundo, CA 90245 MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266

REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732

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


Connect with me www.SouthBayHomes360.com

Brian@SouthBayHomes360.com

Cell: 310-987-1362

www.facebook.com/BrianSwopeRealtor

www.linkedin.com/in/brianswope-Realtor

www.instagram.com/southbayhomes360

https://twitter.com/SBHomes360


Notes:


BRIAN SWOPE Y O U R R E A L E S TAT E E X P E R T R E A LT O R | C A L B R E # 0 1 9 4 6 7 6 9

2 3 7 4 0 H a w t h o r n e B l v d , 2 n d Fl oor | Torrance, C A 90505 e : b ri a n @ S o u t h B a y H o m e s360.com

w: www.S out hBayH omes360.com

d : 310-987-1362

Brian Swope Market Intelligence Report South Bay  

Designed to give you the facts and trends overview of the most relevant market activities as they unfold in the South Bay real estate commu...

Brian Swope Market Intelligence Report South Bay  

Designed to give you the facts and trends overview of the most relevant market activities as they unfold in the South Bay real estate commu...