Shorewood Market Insight Report

M A R K E T I N S I G H T R E P O R T P U B L I S H E D

D E C E M B E R ,

2 0 1 5

Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers select regions in the South Bay and Greater Los Angeles regions.

M A R K E T I N S I G H T R E P O R T S B Y S H O R E W O O D R E A L T O R S

First , we resea rc h Yea r O ver Yea r st ati sti cs , co m p i l ed f rom ca ref u lly colle c te d sa les d at a .

Percent c h a nge —w h ic h wa s ca l cu l ated by s u bt ra cti ng pa st val ue f ro m curre nt va lue, a n d d i v i d i ng t h at p ro d u ct by pa st va l u e —g ives yo u a q uic k sn a psh ot of h ow ea ch m i cro - m a r ket h a s i m p roved or wo rsen e d ove r th e pa st yea r fo r t h at pa r ti cu l a r m et r i c.

Yea rl y Me dia n P rice g ra p h t ra cks t h e m ed i a n p r i ce of p ro p er ties fo r ea c h month ove r th e pa st yea r. Th e m ed i a n p r i ce i s n ot th e sa me a s ave ra ge price ; it i s t h e p r i ce of t h e p ro p er t y t h at fa l l s in t he middle of th e tot a l n u m b er of p ro p er ti es fo r s a l e i n t h at pa rticu la r mic ro - ma rket .

Key St ats se c tion illustrates Med i a n S a l es P r i ce, Avera ge S al es Price of Close d S a les, Listi ng s fo r S a l e, L i sti ng s Un d er Co nt ract , a nd Prope rties S old.

On t he n ext pa ge you w i l l fi n d a n ex p l a n ati o n of h ow ea ch val ue wa s d ete rmin e d.

O F F I C E

L O C A T I O N S

16 Ma la ga Cove Pla za

4 31 Ma in St reet

33 00 Hi gh la n d Ave

Pa los Ve rdes Estates, CA 9 0274

El S eg u n d o, CA 9 024 5

Ma n h a t ta n Be a c h , CA 9026 6

310.698.15 5 5

31 0. 322 .49 0 0

310. 5 4 6.75 61

9 1 6 Ma nha tta n Ave nu e

2141 Rosecra n s Avenue, Ste. 116 0

1009 Tor ra n ce Bou levard

Ma n h a t ta n B e a ch, CA 9 026 6

El S eg u n d o, CA 9 024 5

Re d on d o Bea c h , CA 9 027 7

310. 3 49. 3 00 0

31 0. 3 49. 3 0 00

31 0. 316.8 4 6 4

D E S C R I P T I O N S O F K E Y M A R K E T I N D I C A T O R S

MEDIAN PRICE: Not to be confused with Average Price, Median Price is the price of the property that falls in the middle of the total number of properties for sale in that particular micro-market. Extremely high and extremely low prices do not affect the median the way they do the average.

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 in the area that month.

PROPERTIES SOLD: The number of properties that closed escrow and changed ownership during the month.

PROPERTIES UNDER CONTRACT: The number of properties that are in escrow.

PROPERTIES FOR SALE: The number of properties that are for sale on the market.

DAYS ON MARKET (CLOSED SALES): The average number of days that properties were on the market, from date of initial listing to date they entered escrow.

MONTHS SUPPLY OF INVENTORY: The number of months it would take for all the current homes for sale in that micro-market to sell if no new listings were added. 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. Four to five months’ supply is average. A smaller number means there are more buyers than sellers; a larger number means more sellers than buyers. ABSORPTION RATE (CLOSED SALES): This is the rate at which properties sell. It is found by taking the number of properties sold and dividing it by the total number of properties for sale. This measures the inverse of Monthly Supply of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory.

PERCENT UNDER CONTRACT: The ratio of properties for sale to properties pending sale.

AVERAGE MEDIAN PRICE: The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month LEGAL All reports are published December 2015, based on data available at the end of November 2015.

All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

$1,984,615 $2,319,769

52 18 28

1700

2184

28.47%

39

28

-28.21%

52

48.57%

1.9

111.11%

838

18 35 44

0.9

111.4

1077

18 66

53.8

28.52%

0.00%

50.00%

-51.71%

$1,470,000 $1,792,846

25 12 20

1553

1838

18.35%

16

20

25.00%

771

14 18 64

1.1

88.9

934

21.14%

12

-14.29%

58

-9.38%

25 1.3 80

38.89%

18.18%

-10.01%

$937,846

$1,047,692

44 27 26

880

963

9.43%

45

26

-42.22%

44

12.82%

525

19 39 64

0.9

115.4

553

27

5.33%

42.11%

46

-28.13%

59.1

-48.79%

1.7

88.89%

$810,000 $825,000 28 16 49

670

820

22.39%

42

49

16.67%

428

33 37 65

0.9

113.5

468

9.35%

16

-51.52%

61

-6.15%

28 0.6

175

-24.32% -33.33% 54.19%

$1,092,000 $1,235,923

91 28 42

1200

1156

-3.67%

33

42

27.27%

100

91

-9.00%

3

2.2

518

27 84 33

529

28

2.12%

3.70%

62

-26.19%

46.2

40.00%

-26.67%

$1,681,462 $2,132,000

45

7

15

1400

1610

15.00%

9

15

66.67%

622

11

686

7

-36.36%

58

-25.64%

33.3

77.13%

48

45

5.3

3

78

18.8

10.29%

-6.25%

-43.40%

$783,769 $771,385 29 24 24

812

773

-4.80%

25

24

-4.00%

440

20 38 61

1.5

65.8

444

24

0.91%

20.00%

29

-23.68%

1.2

-20.00%

54

82.8

-11.48%

25.84%

$679,000 $675,308 25 18 26

601

805

33.94%

20

26

30.00%

25

-13.79%

1

-33.33%

394

16 29 70

1.5

69

425

18 53

104

7.87%

12.50%

-24.29% 50.72%

$883,077 $903,692 12

6 9

735

999

35.92%

13

9

-30.77%

12

12

0.00%

0.9

1.3

475

13 76

108.3

526

6

69

75

10.74%

-53.85% -9.21%

44.44%

-30.75%

$503,615 $515,308 33 30 31

516

510

-1.16%

33

31

-6.06%

364

20 66 49

2

50

381

30

4.67%

50.00%

33

-50.00%

1.1

-45.00%

51

93.9

4.08%

87.80%

$1,470,000 $1,792,846

25 12 20

1553

1838

18.35%

16

20

25.00%

771

14 18 64

1.1

88.9

934

21.14%

12

-14.29%

58

-9.38%

25 1.3 80

38.89%

18.18%

-10.01%

$2,166,000 $3,960,154

62

8 8

1623

2218

36.66%

28

8

-71.43%

132

62

-53.03%

4.7

7.8

65.96%

952

8

67

21.2

872

8

79

12.9

-8.40%

0.00%

17.91%

-39.15%

$1,163,154 $1,286,923

40 16 20

955

999

4.61%

35

20

-42.86%

40

-39.39%

2

5.26%

605

12 66 60

1.9

53

660

16 61 50

9.09%

33.33% 1.67%

-5.66%

$2,397,846 $4,065,923

160

33 39

2925

2500

-14.53%

59

39

-33.90%

319

160

-49.84%

5.4

4.1

-24.07%

1107

23 98

18.5

1226

33 68

24.4

10.75%

43.48%

-30.61%

31.89%

$2,577,231 $3,612,615

71

9

12

3225

2103

-34.79%

27

12

-55.56%

155

71

-54.19%

5.7

5.9

3.51%

770

10

110 17.4

900

9

84

16.9

16.88%

-10.00%

-23.64%

-2.87%

$937,538

$1,045,000

30 17 24

775

810

40

24

-40.00%

30

-36.17%

1.3

8.33%

525

13 47 42

1.2

85.1

604

17 63

80

4.52%

15.05%

30.77% 50.00%

-5.99%

$1,362,077 $2,173,154

100

40 31

1775

1478

-16.73%

79

31

-60.76%

133

100

-24.81%

1.7

3.2

88.24%

799

29 57

59.4

1022

40 59

31

27.91%

37.93% 3.51%

-47.81%

$621,462 $658,769 73 47 73

596

692

16.11%

81

73

-9.88%

406

54

427

47

5.17%

-12.96%

108

73

-32.41%

1.3

1

-23.08%

59 75

50

100

-15.25% 33.33%

$1,703,385 $1,754,846

12

4 5

1675

1623

9

5

-44.44%

13

12

-7.69%

1.4

2.4

672

7

41

69.2

783

4

-3.10%

16.52%

-42.86%

31

-24.39%

41.7

-39.74%

71.43%

$677,000 $752,154 23 28 48

708

808

14.12%

62

48

-22.58%

23

-68.49%

489

38 73 44

1.2

84.9

597

28 51

0.5

208.7

22.09%

-26.32% 15.91%

-58.33%

145.82%

$711,154

$1,022,231

107

55 56

678

652

-3.83%

80

56

-30.00%

156

107

-31.41%

2

1.9

-5.00%

396

46 72

51.3

433

55 54

52.3

9.34%

19.57%

-25.00%

1.95%

$417,231 $442,077 43 15 15

408

415

22

15

-31.82%

43

43.33%

292

16 30 86

1.4

73.3

337

15 59

2.9

34.9

1.72%

15.41%

-6.25%

-31.40%

107.14% -52.39%

$694,385 $733,692 26 12 22

708

696

16

22

424

13 26 43

1.6

61.5

-1.69%

512

20.75%

12

-7.69%

26 58

1.2

84.6

37.50% 0.00%

34.88%

-25.00% 37.56%

$750,769 $750,769 2 1 2

1231

419

-65.96%

2

2

0.00%

834

0 3

548

1 2

-34.29%

#DIV/0!

-33.33%

58

33

-43.10%

66.7

100

49.93%

1.5

1

-33.33%

$754,769 $856,000 54 21 19

626

670

7.03%

31

19

-38.71%

54

-8.47%

469 14 59

113 1.9

52.5

511

21

8.96%

50.00%

63

-44.25%

35.2

-32.95%

2.8

47.37%

$754,769 $856,000 54 21 19

626

670

7.03%

31

19

-38.71%

54

-8.47%

469 14 59

113 1.9

52.5

511

21

8.96%

50.00%

63

-44.25%

35.2

-32.95%

2.8

47.37%

$450,308 $442,231 22

8

14

415

463

11.57%

17

14

-17.65%

19

22

15.79%

1.1

1.6

326

9

60

89.5

325

8

95

63.6

-0.31%

-11.11% 58.33%

45.45%

-28.94%

$2,074,538 $2,936,923

208

23 25

2150

2600

20.93%

53

25

-52.83%

386

208

-46.11%

7.3

8.3

13.70%

901

24

136 13.7

1241

23

124

12

37.74%

-4.17%

-8.82%

-12.41%

$915,231

$1,110,154

49 22 26

760

884

16.32%

66

26

-60.61%

49

-50.00%

1.9

26.67%

543

17 98 68

1.5

67.3

548

22 61

53.1

0.92%

29.41%

-10.29%

-21.10%

$505,077 $543,846 72 43 40

477

570

19.50%

52

40

-23.08%

100

72

-28.00%

1.9

1.8

-5.26%

305

32 81 52

382

43 53

55.6

25.25%

34.38%

-34.57%

6.92%

$524,692 $557,077 44 15 14

470

610

29.79%

39

14

-64.10%

44

-38.89%

380

19 72 79

1.8

54.2

387

15 59

3.1

31.8

1.84%

-21.05% -25.32%

72.22%

-41.33%

$541,692 $609,846 60 23 32

533

584

9.57%

32

32

0.00%

375

24 81 57

2.5

39.5

391

23

4.27%

-4.17%

60

-25.93%

1.9

-24.00%

64

53.3

12.28%

34.94%

$2,435,615 $2,932,077

77 16 29

1930

2595

34.46%

35

29

-17.14%

124

77

-37.90%

3.5

2.7

-22.86%

821

16 55

28.2

920

16 83

37.7

12.06%

0.00%

50.91%

33.69%

$1,015,846 $1,096,231

31 31 43

919

975

77

43

-44.16%

31

-62.20%

585

36 82 61

1.1

93.9

668

31 57

0.7

138.7

6.09%

14.19%

-13.89% -6.56%

-36.36% 47.71%

$597,615 $824,769 18

6

11

509

650

27.70%

20

11

-45.00%

31

18

-41.94%

1.6

1.6

0.00%

497

8

72

64.5

510

6

36

61.1

2.62%

-25.00%

-50.00%

-5.27%

$887,308

$1,037,308

7 5 4

753

1242

64.94%

12

4

-66.67%

7

-22.22%

496

8 9

93

0.8

133.3

666

5

35

1.8

57.1

34.27%

-37.50%

-62.37%

125.00% -57.16%

$353,385 $349,308 25 16 11

313

355

13.42%

14

11

-21.43%

25

-7.41%

261

15 27 81

1.9

51.9

267

16

2.30%

6.67%

39

-51.85%

44

-15.22%

2.3

21.05%

$674,462 $715,538 61 25 28

730

654

-10.41%

30

28

-6.67%

400

18 75 55

2.5

40

398

25

-0.50%

38.89%

61

-18.67%

2.2

-12.00%

57

45.9

3.64%

14.75%

$2,277,308 $2,557,308

33

6

11

2035

2139

5.11%

8

11

37.50%

831

2

833

6

200.00%

46

21.05%

26

33

3.3

3

38

30.8

0.24%

33.3

26.92%

-9.09% 8.12%

$459,000 $493,154 106

35 62

463

498

41

62

319

43

7.56%

352

10.34%

35

-18.60%

51.22%

134

106

-20.90%

3.3

1.7

-48.48%

72

30.6

74

58.5

2.78%

91.18%

$279,308 $282,231 8 3 5

226

325

43.81%

1

5

400.00%

8

-52.94%

107

2

17

175

17

5.9

134

3

25.23%

50.00%

64

-63.43%

62.5

959.32%

1.6

-90.59%

$726,077 $904,462 131

54 77

667

815

22.19%

117

77

-34.19%

174

131

-24.71%

1.5

1.7

13.33%

426 52 63

67.2

445 54 62

58.8

4.46% 3.85%

-1.59%

-12.50%

$884,231 $936,923 15

8

18

735

904

22.99%

9

18

100.00%

21

15

-28.57%

2.3

0.8

460

13 70

42.9

457

8

59

120

-0.65%

-38.46% -15.71%

-65.22%

179.72%

$936,231

$1,071,154

98 34 47

915

970

45

47

457

27

6.01%

527

15.32%

34

25.93%

4.44%

128

98

-23.44%

2.8

2.1

-25.00%

61

35.2

58

48

-4.92%

36.36%

$447,538 $466,692 21

7

20

380

443

16.58%

14

20

42.86%

301

16

335

7

-56.25%

44

-24.14%

27

21

1.9

1.1

58

51.9

11.30%

95.2

-22.22% -42.11% 83.43%

$703,615 $947,462 19

5 9

710

645

21

9

-57.14%

27

19

-29.63%

1.3

2.1

61.54%

411

7

54

77.8

504

5

52

47.4

-9.15%

22.63%

-28.57% -3.70%

-39.07%

$1,611,615 $1,794,769

62 12 21

1652

1600

39

21

-46.15%

102

62

-39.22%

2.6

3

15.38%

909

9

62

38.2

1049

12

50

33.9

-3.15%

15.40%

33.33%

-19.35%

-11.26%

$689,077 $865,000 70 30 37

754

815

58

37

-36.21%

140

70

-50.00%

2.4

1.9

-20.83%

704

29 55

41.4

839

30 67

52.9

8.09%

19.18%

3.45%

21.82%

27.78%

$765,308 $812,077 26 22 35

715

830

16.08%

27

35

29.63%

26

-23.53%

0.7

-46.15%

555

22 34 56

1.3

79.4

566

22 64

134.6

1.98%

0.00%

14.29%

69.52%

$854,231 $877,231 5 7 9

800

965

20.63%

9

9

0.00%

538

2 8

49

0.9

112.5

514

-4.46%

7

250.00%

58

18.37%

5

0.6

180

-37.50% -33.33% 60.00%