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TheSouthBay

Market Intelligence Report 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 report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Hawthorne, Gardena, Lawndale and Lomita.

ESTAT

Tracey Nesicolaci Tracey@HomesByTracey.com 310.717.1822 Lic# 01434275

Sheri Kapust

sheri@sherikapust.com 310.720.7928 Lic# 01379132


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 June 2018 are based on data available at the end of May 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 MAY STATS Key Facts:

$1,065,000

Median Sold Price

$1,061,000

Average Sold Price

18

MAY MAY % 2017 2018 Change

Median Price

$880

$1,065

21%

Average Price Per Sq. Foot

$666

$725

9%

Properties for Sale

19

18 -5%

Properties Pending Sales

8

18 125%

Properties Sold

8

12 50%

Days on Market (Sold Homes)

32

24 -25%

Monthly Supply of Inventory

2.4

1.5 -38%

Absorption Rate (closed sales) 42.1

66.7 58%

Listings for Sale

18

Listings Pending

AVERAGE & MEDIAN PRICE $1,600 $3,500 $1,400 $3,000

12

Listings Sold

$1,200 $2,500

$1,061

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

$800

24

Days On Market

$2,593 $1,065

$1,500

$600 $1,000

$400 $500

$-

$200 $May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 Median

Average


Gardena MAY STATS Key Facts:

$579,000

Median Sold Price

$563,000

Average Sold Price

42

Listings Pending

$510

$579

14%

Average Price Per Sq. Foot

$378

$397

5%

Properties for Sale

46

42 -9%

Properties Pending Sales

53

39 -26%

Properties Sold

47

37 -21%

Days on Market (Sold Homes) 32

19 -41%

Monthly Supply of Inventory

1.1 10%

1

Absorption Rate (closed sales) 102.2 88.1 -14%

AVERAGE & MEDIAN PRICE $3,500 $700

$563 $579

$3,000 $600

37

% Change

Median Price

Listings for Sale

39

MAY MAY 2017 2018

$2,593 $2,500 $500

Listings Sold $2,000 $400 $1,655

19

Days On Market

$1,500 $300 $1,000

$500

$-

$200

$100

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

Average


Hawthorne MAY STATS Key Facts:

$660,000

Median Sold Price

$701,000

Average Sold Price

44

MAY MAY % 2017 2018 Change

Median Price

$605

$660

9%

Average Price Per Sq. Foot

$453

$500

10%

Properties for Sale

46

44 -4%

Properties Pending Sales

41

39 -5%

Properties Sold

40

46 15%

Days on Market (Sold Homes)

25

26 4%

Monthly Supply of Inventory

1.2

1 -17%

Absorption Rate (closed sales) 87

Listings for Sale

39

Listings Pending

AVERAGE & MEDIAN PRICE $800 $3,500

$701

$700

$660

$3,000

46

104.5 20%

$600

$2,593

$2,500

Listings Sold

$500 $2,000 $400

26

Days On Market

$1,655

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

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

Average


Hermosa Beach MAY STATS Key Facts:

$1,680,000 Median Sold Price

$1,842,000

Average Sold Price

57

MAY MAY 2017 2018

% Change

Median Price

$1,738

$1,680

-3%

Average Price Per Sq. Foot

$1,311

$949

-28%

Properties for Sale

48

57 19%

Properties Pending Sales

25

24 -4%

Properties Sold

22

21 -5%

Days on Market (Sold Homes) 43

33 -23%

Monthly Supply of Inventory

2.2

2.7 23%

Absorption Rate (closed sales) 45.8

36.8 -20%

Listings for Sale

AVERAGE & MEDIAN PRICE $3,500

24

Listings Pending

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

$2,500

21

Listings Sold

$2,593

$2,500

$1,842

$2,000 $2,000

33

Days On Market

$1,680 $1,655

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

$500 $500

$-

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

Average


Lawndale MAY STATS Key Facts:

$635,000

Median Sold Price

$598,000

Average Sold Price

16

MAY MAY % 2017 2018 Change

Median Price

$508

$635

25%

Average Price Per Sq. Foot

$403

$394

-2%

Properties for Sale

22

16 -27%

Properties Pending Sales

7

13 86%

Properties Sold

13

13 0%

Days on Market (Sold Homes)

22

39 77%

Monthly Supply of Inventory

1.7

1.2 -29%

Absorption Rate (closed sales) 59.1

81.3 38%

Listings for Sale

13

Listings Pending

AVERAGE & MEDIAN PRICE $598 $635

$700 $3,500 $600 $3,000

13

Listings Sold

$2,593

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

$1,655

39

Days On Market

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

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

Average


Lomita MAY STATS Key Facts:

$512,000 Median Sold Price

$536,000

Average Sold Price

13

Listings Pending

% Change

Median Price

$547

$512

-6%

Average Price Per Sq. Foot

$360

$375

4%

Properties for Sale

20

13 -35%

Properties Pending Sales

17

14 -18%

Properties Sold

11

10 -9%

Days on Market (Sold Homes) 44

30 -32%

Monthly Supply of Inventory

1.8

1.3 -28%

Absorption Rate (closed sales) 55

76.9 40%

Listings for Sale

14

MAY MAY 2017 2018

AVERAGE & MEDIAN PRICE $3,500 $800 $3,000$700

10

Listings Sold

30

Days On Market

$536

$2,500$600

$2,593

$512 $500 $2,000 $1,655

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

$200 $500 $100 $-

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

Average


Manhattan Beach MAY STATS Key Facts:

$2,774,000

Median Sold Price

$3,163,000

Average Sold Price

92

MAY MAY % 2017 2018 Change

Median Price

$2,150

$2,774

29%

Average Price Per Sq. Foot

$1,106

$1,060

-4%

Properties for Sale

102

92 -10%

Properties Pending Sales

53

50 -6%

Properties Sold

47

38 -19%

Days on Market (Sold Homes)

45

43 -4%

Monthly Supply of Inventory

2.2 2.4 9%

Absorption Rate (closed sales) 46.1

Listings for Sale

50

Listings Pending

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

$3,163

$3,000 $3,000

38

41.3 -10%

$2,774 $2,593

$2,500 $2,500

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

43

Days On Market

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

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

Average


Redondo Beach MAY STATS Key Facts:

$1,123,000 Median Sold Price

$1,222,000

Average Sold Price

96

MAY MAY 2017 2018

Median Price

$1,075

$1,123

4%

Average Price Per Sq. Foot

$584

$607

4%

Properties for Sale

90 96 7%

Properties Pending Sales

98

84 -14%

Properties Sold

78

68 -13%

Days on Market (Sold Homes) 29

20 -31%

Monthly Supply of Inventory

1.4 17%

Listings Pending

AVERAGE & MEDIAN PRICE $3,500

$2,500

Listings Sold $2,000

20

Days On Market

$1,400 $1,222

$3,000

68

1.2

Absorption Rate (closed sales) 86.7 70.8 -18%

Listings for Sale

84

% Change

$1,500

$1,000

$500

$-

$1,200

$1,123 $2,593

$1,000

$800

$1,655

$600

$400

$200

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

Average


Torrance MAY STATS Key Facts:

$868,000

Median Sold Price

$925,000

Average Sold Price

131

MAY MAY % 2017 2018 Change

Median Price

$770

$868

13%

Average Price Per Sq. Foot

$488

$540

11%

Properties for Sale

97

131 35%

Properties Pending Sales

139

101 -27%

Properties Sold

96 98 2%

Days on Market (Sold Homes)

21

21 0%

Monthly Supply of Inventory

1

1.3 30%

99

74.8 -24%

Absorption Rate (closed sales)

Listings for Sale

101

Listings Pending

AVERAGE & MEDIAN PRICE $3,500 $1,400 $3,000 $1,200

98

$2,593

$925

$2,500 $1,000

$868

Listings Sold $2,000

$800 $1,655

21

Days On Market

$1,500

$600

$1,000

$400

$500

$-

$200

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

Average


Tracey Nesicolaci Tracey@HomesByTracey.com 310.717.1822 Lic# 01434275

Sheri Kapust

sheri@sherikapust.com 310.720.7928 Lic# 01379132

Tracey Nesicolaci and Sheri Kapust South Bay Market Intelligence Report  

Tracey Nesicolaci and Sheri Kapust have designed this report to give you the facts & trends overview of the most relevant market activities...

Tracey Nesicolaci and Sheri Kapust South Bay Market Intelligence Report  

Tracey Nesicolaci and Sheri Kapust have designed this report to give you the facts & trends overview of the most relevant market activities...