market insight
Market Insight 2015_April SouthBay | PalosVerdes |Select Westside
Manhattan Beach 917 Manhattan Beach Blvd.
Manhattan Beach 3300 Highland Avenue
Manhattan Beach 916 Manhattan Avenue
Caskey & Caskey
Hermosa Beach 950 Artesia Blvd.
market insight
Redondo Beach 1009 Torrance Blvd.
El Segundo 431 Main Street
Palos Verdes Estates 16 Malaga Cove Plaza
1300 Highland avenue • Suites 204 & 205
Manhattan Beach
Discover an entirely new way to work at the South Bay’s most exclusive commercial address. Newly available, these two stunning, top level office condos are located at 1300 Highland Shops and Work Lofts—an incredibly unique boutique office complex that seamlessly blends work and pleasure for a lifestyle unlike any other.
Executive Office Suites #204-205 Available for purchase • Furnished or Unfurnished Offered by Caskey & Caskey at Shorewood Realtors | 310.200.1960 | Dave@CaskeyAndCaskey.com
Custom Cape
April 19, 2015 Open House Sunday 1-4 pm
ermosa H 2 8 0 4
a v e n u e
HERMOSA BEACH
California•90254
* Buyer to verify
2804 Hermosa Avenue. Stunning California Cape in one of the most coveted North Hermosa sand section locations. Perfectly situated on a sunny corner lot just steps from the beach, with amazing whitewater views from Catalina to Malibu. This impeccable 4 bedroom, 3.5 bath floorplan boasts over 3,700* square feet of living space, all expertly planned for modern beach living. Imagine entertaining on the home’s bright and open top floor, with ocean-view windows everywhere, where the spacious living room, dining area and expansive kitchen flow together onto the most incredible partially covered outdoor balcony that’s even large enough for outdoor dining. It’s truly a resort-style paradise! The top-of-the-line kitchen features Carrera marble counters and large center island with Viking cooktop and breakfast bar. More ocean views await in the impressive master suite, with walk-in closets, Carrera marble counters, a Jacuzzi tub, and lovely fireplace. A spacious family room is ready to entertain on the lower level! Complete with bar and fireplace, this room is just steps from the sand, so you can keep your beach party going well into the night! This is your chance to live in pure, oceanside luxury—make this California Dream your own! Offered for $5,100,000
To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com
541 4th Street, Manhattan Beach Set on one of MB’s most coveted streets, this magnificent home boasts 3,500+ square feet of beautifully updated living space and nearly 1,200 square feet of breathtaking, fully-appointed rooftop decks. You’ll love the natural light, luxurious finishes, amazing views and unique character of this one-of-a-kind property that’s just steps from the greenbelt, downtown MB, schools and the sparkling Pacific Ocean! The lower level has a welcoming den/family room with fireplace that could also be used as a spacious 4th bedroom. Also on this level are an office, wine cellar, two bedrooms (one with a stylish en suite bathroom), a lovely hall bath and laundry area, and an oversized 2 car garage. Up the gorgeous staircase is the dramatic open dining room and living room with soaring vaulted ceilings, fireplace and tons of light. The chic chef’s kitchen is fully updated— you’ll adore this bright, beautiful space as much as the master bedroom, with its fireplace, private balcony and huge bathroom with stand-alone soaking tub and step-down spa shower. Last but certainly not least—the two amazing rooftop decks/patios with built-in BBQs, wet bars and awnings. Imagine enjoying the sunset here, entertaining friends al fresco, or simply soothing your cares away in the spa!
Offered for $3,989,000
Jennifer & Dave Caskey (310) 200-1960 Dave@CaskeyAndCaskey.com
www.CaskeyAndCaskey.com
Caskey T he
& Caskey
Strand
E x pe r t
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1540 The Strand, Hermosa Beach
T
New Corner Lot Construction | 5 Bedroom suites | 5.5 Bathrooms | 5,000+* sf of Living
his ultra-modern beach-front masterpiece located on a large corner lot is currently under construction, due for completion Summer 2015. It will feature a Strand level Recreational Beach Room with full bar and panoramic doors opening West & North. The 1st floor will feature an ocean front master suite plus 2 additional guest suites, while the upper level living spaces will offer panoramic ocean views from the entertainer’s kitchen, walls of disappearing doors, an upper level outdoor kitchen, family media lounge, & ocean view dining. Signature finishes make this unique property turn-key for the discerning buyer, with built-in customization throughout, the latest in home automation systems, property security systems, trend setting designer finishes and home efficiencies. The corner influence on this exceptional 52’ x 80’ lot allows for expansive beach-front indoor/outdoor space with hardscaped social area centered around a gas fire feature, custom outdoor kitchen, oceanfront sun patio and large outdoor dining area. Parking for 6 on-site! This distinctive home is available now for pre-completion purchase which will allow for owner customization of finishes.
Coming Soon A New Landmark G9 Development Offered for $16,000,000 View life on The Strand at www.TheStrandExpert.com. To discuss ownership opportunities, give Dave a call.
To view our showcase listings, aerial photography and videos: www.TheStrandExpert.com Jennifer & Dave Caskey | (310) 200-1960 | Strand@CaskeyAndCaskey.com
New Construction • Pre-Construction Sale 1540 The Strand, Hermosa Beach
Immaculate 6 Unit Building 2016 Ocean Dr., Manhattan Beach
Full Walk Street Lot with Duplex 501 Manhattan Ave., Manhattan Beach
A G9 ultra-modern beachfront masterpiece on a corner lot. Completion Summer Late 2015. Beds Baths Living sf Offered For
Incredible ocean view property on one of the most coveted corner lots in the Sand Section
Steps from the sand & shops on a highly desirable walk street, this is the ultimate in location & versatility.
5
5.5
5,000+
$16,000,000
Beds
5
Baths
6
Living sf
3,401*
Offered For
$6,000,000
The Designer Lifestyle 1622 Gates Ave., Manhattan Beach
Hill Section Beach Bungalow 915 Boundary Pl., Manhattan Beach
Masterpiece pool home with designer details throughout, plus a separate Casita.
Buildable ocean view lot with updated home w/hardwood floors, backyard & deck
Beds
5
Baths
5.5
Living sf
5,500*
Offered For
$2,999,999
Beds
2
Baths
1
Living sf
840*
Offered For
$1,699,000
Executive Suites #204 & #205 1300 Highland Ave., Manhattan Beach
Landmark Home For Lease 1312 Manhattan Ave., Manhattan Beach
Discover an entirely new way to work at MB’s most exclusive commercial address.
A classic, coastal Craftsman just 2 blocks from the ocean & steps to the shops & restaurants. Beds Baths Living sf Offered For
Suite
2
Baths
2
Working sf
640*
Offered For
$1,399,000
4
3
1,660
$11,000/mo
Beds
5
Baths
3.5
Living sf
2,288
Offered For
$5,999,999
COMING SOON!!! 901 13th St., Hermosa Beach
Single family residence with separate studio. Ocean views. Fixer Opportunity. Beds
3
Baths
2
Living sf
1,242*
Offered For
$925,000
Sand Section - For Lease 216 21st Pl ., Manhattan Beach
This ocean view townhome is just steps to the sand. 2 car garage, plus guest parking. Beds
3
Baths
3.5
Living sf
2,156
To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com
Offered For
$8,500/mo
Park Home
Showings by Appointment Rare Cape Code Home on Gas Lamp Street
21st
5 1 4 STREET
M A N H AT TA N B E AC H
* Buyer to verify
514 21st Street. Get ready to fall in love with every detail of this adorable home, from its storybook location and flickering street lamps to its luxurious finishes and family-friendly layout! Set on one of Manhattan Beach’s charming and coveted “gas lamp” streets, this gorgeous Cape Cod home is just a short walk from the best this beach town has to offer: the sparkling Pacific Ocean, the postcard-perfect Strand and Bike Path, downtown MB’s famous restaurants and shops, the lush and lively Live Oak Park, the bucolic “greenbelt” running/hiking path, award-winning schools and more! Indeed, the location couldn’t be better—and the inside of the house is beyond impressive, too. Featuring 2,800 square feet of living space, this 4 bedroom, 3.5 bath home is impeccable, with gleaming hardwood floors throughout, vaulted ceilings, top-of-the-line finishes, and a peacefully private layout that places all spacious bedrooms upstairs and all living/entertaining spaces downstairs. The huge kitchen, complete with granite counters, high-end stainless appliances, a breakfast nook and a center island, sits just off a spacious family room for comfy togetherness, while the formal living and dining rooms are ready to entertain in style. Offered for $3,549,000
To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com
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Insight Guidance
Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo and Torrance. The Palos Verdes Market Insight report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates, (Palos Verdes Peninsula number are too small for meaningful tracking data), Santa Monica, Culver City, Mar Vista, Marina Del Rey, Westchester, Playa Del Rey and Playa Vista. First, we examine Year Over Year statistics, compiled from carefully collected sales data. Percent change—which was calculated by subtracting past value from current value, and dividing that product by past value—gives you a quick snapshot of how each micro-market has improved or worsened over the past year for that particular metric. Next, the Yearly Median Price graph tracks the median price of properties for each month over the past year. The median price is not the same as average price; it is the price of the property that falls in the middle of the total number of properties for sale in that particular micro-market. Finally, the Key Stats section illustrates Median Sales Price, Average Sales Price of Closed Sales, Listings for Sale, Listings Under Contract, and Properties Sold. On the next page you will find an explanation of how each value was determined.
were added. This is calculated by dividing Not to be confused with Average Price, the total number of homes for sale in Median Price is the price of the property a particular month by the number of that falls in the middle of the total homes that sold in that month. Four to number of properties for sale in that five months’ supply is average. A smaller particular micro-market. Extremely high number means there are more buyers and extremely low prices do not affect than sellers; a larger number means more the median the way they do the average. sellers than buyers. MEDIAN PRICE:
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.
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:
DAYS ON MARKET (CLOSED SALES):
The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month
MONTHS SUPPLY OF INVENTORY:
LEGAL All reports are published April 2015, based on data available at the end of March 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.
The average number of days that properties were on the market, from date of initial listing to date they entered escrow. The number of months it would take for all the current homes for sale in that micro-market to sell if no new listings
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City Index
Caskey & Caskey
Manhattan Beach
Rancho Palos Verdes
Hermosa Beach
Rolling Hills
Redondo Beach
Rolling Hills Estates
El Segundo
Santa Monica
Torrance
Culver City
Hawthorne
Mar Vista
Lawndale
Marina Del Rey
Lomita
Playa Del Rey
Gardena
Westchester
Palos Verdes Estate
Playa Vista
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Manhattan Beach Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$1,717
$1,690
-1.6%
Average Price Per Sq. Foot
896
955
7%
Properties Sold
33
34
3%
Properties Pending Sales
48
37
-23%
Properties for Sale
49
60
22%
Days on Market (Sold Homes)
44
47
7%
Monthly Supply of Inventory
1.5
1.8
20%
Absorption Rate (closed sales)
67.3
56.7
-16%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000)
$1,717
14-Mar
$1,850
$1,995
14-Apr 14-May
$1,890
$1,928
$2,100
$1,948
$2,200
$1,710
14-Jun
14-Jul
14-Aug
14-Sep
$1,700
14-Oct
14-Nov
14-Dec
$1,635
15-Jan
$1,750
15-Feb
$1,690
15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$2,009,417
Average Sales Price (Closed)
Sold, 34
$2,406,167
Active, 60
Listings for Sale
60
Under Contract
37
Pending, 37
Sold
34
market insight
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Hermosa Beach Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$1,101
$1,310
19%
Average Price Per Sq. Foot
658
1113
69%
Properties Sold
11
20
82%
Properties Pending Sales
25
18
-28%
Properties for Sale
36
28
-22%
Days on Market (Sold Homes)
43
48
12%
Monthly Supply of Inventory
3.3
1.4
-58%
Absorption Rate (closed sales)
30.6
71.4
133%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,553
$1,480
$1,460
$1,437 $1,268
$1,230 $1,101
$1,113
14-Mar 14-Apr 14-May 14-Jun
$1,000
$1,640
$1,450 $1,310
$1,095
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$1,428,083
Average Sales Price (Closed)
$1,666,167 Listings for Sale
Sold, 20
28 Under Contract
Pending, 18
18 Sold
20
market insight
Active, 28
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Redondo Beach Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$788
$877
11%
Average Price Per Sq. Foot
439
495
12.76%
Properties Sold
84
88
5%
Properties Pending Sales
81
106
31%
Properties for Sale
115
83
-28%
Days on Market (Sold Homes)
50
50
0%
Monthly Supply of Inventory
1.4
0.9
-36%
Absorption Rate (closed sales)
73
106
45%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $820
$788 $730
$719
$875
$845
$877
$793
$813
$778
$765
$800
$814
14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$868,083
Average Sales Price (Closed)
$935,667
Sold, 88
Active, 83
Listings for Sale
83
Under Contract
Pending, 106
106
Sold
88
market insight
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El Segundo Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$723
$755
4%
Average Price Per Sq. Foot
526
506
-4%
Properties Sold
8
11
38%
Properties Pending Sales
12
12
0%
Properties for Sale
12
10
-17%
Days on Market (Sold Homes)
23
47
104%
Monthly Supply of Inventory
1.5
0.9
-40%
Absorption Rate (closed sales)
66.7
110
65%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $949
$872
$845 $723
$808
$775
$838
$817 $735
$694
$814
$755
$522
14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$845,583
Average Sales Price (Closed)
$884,417
Sold 11
Active 10
Listings for Sale
10
Under Contract
Pending 12
12
Sold
11
market insight
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Torrance Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$545
$535
-2%
Average Price Per Sq. Foot
383
395
3%
Properties Sold
95
101
6%
Properties Pending Sales
106
160
51%
Properties for Sale
157
149
-5%
Days on Market (Sold Homes)
39
59
51%
Monthly Supply of Inventory
1.7
1.5
-12%
Absorption Rate (closed sales)
60.5
67.8
12%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $523
14-Jan
$512
$545
$530
$550
$570
$600 $535
14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$589 $544
$581
$585
$620
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key March Stats
Median Sales Price
$610,750
Average Sales Price (Closed)
$636,250
Sold 63
Listings for Sale
149
Active 160
Pending 116
Under Contract
160 Sold
101
market insight
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Hawthorne Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$444
$618
-9%
Average Price Per Sq. Foot
316
365
9%
Properties Sold
27
33
-5%
Properties Pending Sales
38
51
52%
Properties for Sale
67
51
-18%
Days on Market (Sold Homes)
52
49
-28%
Monthly Supply of Inventory
2.5
1.5
-13%
Absorption Rate (closed sales)
40.3
64.7
16%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $618
$528 $444
$473
$435
$465
$475
$516
$495 $440
$419
$455 $365
14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$510,667
Average Sales Price (Closed)
$525,917
Sold 33 Active 51
Listings for Sale
51
Under Contract
Pending 51
51
Sold
33
market insight
CC
Lawndale Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$335
$447
33%
Average Price Per Sq. Foot
322
370
15%
Properties Sold
7
7
0%
Properties Pending Sales
7
11
57%
Properties for Sale
15
24
60%
Days on Market (Sold Homes)
57
22
-61%
Monthly Supply of Inventory
2.1
3.4
62%
Absorption Rate (closed sales)
46.7
29.2
-37%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $515
$488 $395
$423
$415
$451 $383
$417
$447
$415
$425
$447
$335
14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$463,000
Average Sales Price (Closed)
$456,333
Sold 7
Listings for Sale
24
Pending 11
Under Contract
11
Sold
7
market insight
Active 24
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Lomita Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$447
$561
26%
Average Price Per Sq. Foot
314
380
21%
Properties Sold
14
11
-21%
Properties Pending Sales
15
18
20%
Properties for Sale
21
24
14%
Days on Market (Sold Homes)
62
33
-47%
Monthly Supply of Inventory
1.5
2.2
47%
Absorption Rate (closed sales)
66.7
45.8
-31%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $551
$517 $478
$447
$550
$570
$561
$520
$500
$485 $420
$381
14-Mar 14-Apr 14-May 14-Jun
$365
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$528,750
Average Sales Price (Closed)
$538,000
Sold 11
Listings for Sale
Active 24
24 Under Contract
Pending 18
18 Sold
11
market insight
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Gardena Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$395
$418
6%
Average Price Per Sq. Foot
281
294
5%
Properties Sold
39
32
-18%
Properties Pending Sales
38
42
11%
Properties for Sale
70
63
-10%
Days on Market (Sold Homes)
46
47
2%
Monthly Supply of Inventory
1.8
2
11%
Absorption Rate (closed sales)
55.7
50.8
-9%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $418
$416
$405 $395
$400
$395 $384
$383
$382
$400
$387
$375 $365
14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$425,417
Average Sales Price (Closed)
$415,500
Sold 32
Listings for Sale
Active 63
63 Under Contract
Pending 42
42 Sold
32
market insight
Compilation of Caskey & Caske
ey Manhattan Beach Sales 2014
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Palos Verdes Estates Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$1,695
$1,600
-6%
Average Price Per Sq. Foot
699
622
-11%
Properties Sold
14
15
7%
Properties Pending Sales
19
19
0%
Properties for Sale
42
44
5%
Days on Market (Sold Homes)
47
90
91%
Monthly Supply of Inventory
3
2.9
-3%
Absorption Rate (closed sales)
33.3
34.1
2%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $3,000
$1,695
$1,675 $1,408
$1,440
$1,860
$1,725
$1,408
$1,400
$1,480
$1,550
$1,600
$1,160
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$1,783,417
Average Sales Price (Closed)
$2,374,583
Sold 15
Listings for Sale
44
Pending 19
Under Contract
19 Sold
15
market insight
Active 44
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Rancho Palos Verdes Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$1,010
$1,058
4.75%
Average Price Per Sq. Foot
495
505
2%
Properties Sold
37
36
-3%
Properties Pending Sales
49
64
31%
Properties for Sale
87
106
22%
Days on Market (Sold Homes)
77
56
-27%
Monthly Supply of Inventory
2.4
2.9
21%
Absorption Rate (closed sales)
42.5
34
-20%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,220 $1,025
$1,010
$1,059
$1,088
$1,058
$1,175
$1,100 $1,011
$1,015
$889
14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov 14-Dec
15-Jan
$1,058 $969
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$1,139,750
Average Sales Price (Closed)
$1,284,750
Sold 36
Listings for Sale
106
Active 106 Pending 64
Under Contract
64
Sold
36
market insight
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Rolling Hills Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$-
$3,400
--
Average Price Per Sq. Foot
0
945
--
Properties Sold
0
3
--
Properties Pending Sales
3
4
33%
Properties for Sale
17
15
-12%
Days on Market (Sold Homes)
0
134
--
Monthly Supply of Inventory
17
5
-71%
Absorption Rate (closed sales)
0
20
--
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $5,725
$3,658
$3,300 $2,925
$2,785
$2,439
$2,681
$-
14-Mar
$3,148
$2,845
$3,113
$3,400
$-
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$3,001,583
Sold 3
Average Sales Price (Closed)
$3,066,417 Listings for Sale
Pending 4
15
Active 15
Under Contract
4
Sold
3
market insight
CC
Rolling Hills Estates Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$840
$760
-9.52%
Average Price Per Sq. Foot
466
479
3%
Properties Sold
9
7
-22%
Properties Pending Sales
9
7
-22%
Properties for Sale
29
19
-34%
Days on Market (Sold Homes)
83
82
-1%
Monthly Supply of Inventory
3.2
2.7
-16%
Absorption Rate (closed sales)
31
36.8
18.7%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,300 $1,135
$1,280 $1,071
$1,053
$1,115 $1,017
$1,180 $1,050 $900
$840
14-Mar
$925 $760
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$1,135,500
Average Sales Price (Closed)
$1,277,250
Sold 7
Listings for Sale
19
Active 19 Pending 7
Under Contract
7
Sold
7
market insight
CASKEY & CASKEY Year Over Year
Sept. 2013 Sept. 2014 % Change
Get South Bay’s Leading Real Estate Team on Your Side
The Caskey & Caskey Difference
Innovative leaders in the real estate industry, with over 40 years of experience in the Southern California Market. Jennifer and Dave Caskey, along with their highly trained professional staff, offer quality service with uncompromising attention to each client’s real estate needs. The Caskey & Caskey Team of Finer Home Specialists is renowned for creating engaging, effective marketing plans tailored to the inimitable style and emotional embrace of each home. This attention to detail, combined with their depth of experience, personalized approach, and commitment to their community, is what makes Caskey & Caskey the top real estate team in the South Bay. From initial meeting to final closing, you can count on Caskey & Caskey to make all of your real estate dreams come true.
Jennifer And Dave Caskey
#1 Team in Manhattan, Hermosa & Redondo Beach, Top Producers
Caskey & Caskey at Shorewood Realtors
Median Sales Price Average Sales Price (Closed) Listings for Sale Under Contract Sold
Based in Manhattan Beach, Shorewood Realtors has quietly created one of Southern California’s major real estate success stories. Founded in 1969, the firm has posted solid growth by focusing on the market it knows best—the popular South Bay region—and by building one of the industry’s most knowledgeable, highly-trained staff of real estate professionals. According to the Greater South Bay Multiple Listing Service and other sources, those figures rank Shorewood as the largest independently owned and operated real estate brokerage in Los Angeles County, and the 52nd largest residential real estate firm in the nation. At a time when discount brokerages, internet-based “virtual” offices and other boutique-type operations have made inroads in many local markets, Shorewood has grown by offering comprehensive, one-stop services. In addition to representing buyers and sellers, Shorewood offers mortgage, escrow, title and relocation services, through either in-house affiliates or preferred providers with which the company has long-standing relationships.
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Santa Monica Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$899
$1,200
33%
Average Price Per Sq. Foot
786
1112
41%
Properties Sold
46
62
35%
Properties Pending Sales
61
74
21%
Properties for Sale
124
119
-4%
Days on Market (Sold Homes)
56
54
-4%
Monthly Supply of Inventory
2.7
1.9
-30%
Absorption Rate (closed sales)
37.1
52.1
40%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,250 $1,013
$1,500
$1,421
$1,385
$1,239
$1,183
$1,272
$1,215
$1,000
$1,200 $998
$899
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$1,279,917
Average Sales Price (Closed)
$1,718,333
Sold 62
Listings for Sale
Active 119
119
Under Contract
Pending 74
74
Sold
62
market insight
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Culver City Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$516
$635
23%
Average Price Per Sq. Foot
438
506
16%
Properties Sold
21
46
119%
Properties Pending Sales
46
50
9%
Properties for Sale
37
44
19%
Days on Market (Sold Homes)
44
57
30%
Monthly Supply of Inventory
1.8
1
-44%
Absorption Rate (closed sales)
56.8
104.5
84%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $756
$750
$708
$700 $570
$635
$610
$516
14-Mar 14-Apr 14-May 14-Jun
$692
$575 $510
14-Jul
$505
$465
14-Aug 14-Sep
14-Oct
14-Nov 14-Dec
15-Jan
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$666,000
Average Sales Price (Closed)
$716,583
Active 44
Sold 46
Listings for Sale
44 Under Contract
Pending 50
50 Sold
46
market insight
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Mar Vista Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$-
$2,000
--
Average Price Per Sq. Foot
0
714
--
Properties Sold
0
1
--
Properties Pending Sales
2
3
--
Properties for Sale
3
1
-67%
Days on Market (Sold Homes)
0
37
--
Monthly Supply of Inventory
3
1
-67%
Absorption Rate (closed sales)
0
100
--
* No sales recorded
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $2,000
$1,185 $823
$905
$850
$-
14-Mar 14-Apr 14-May 14-Jun
$1,234 $900
$848
$-
14-Jul
$-
$900
$-
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
15-Jan
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$803,750
Average Sales Price (Closed)
$802,083
Sold 1
Active 1
Listings for Sale
1
Under Contract
Pending 3
3
Sold
1
market insight
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Marina Del Rey Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$705
$846
20%
Average Price Per Sq. Foot
459
542
18%
Properties Sold
23
37
61%
Properties Pending Sales
27
30
11%
Properties for Sale
106
69
-35%
Days on Market (Sold Homes)
86
89
3%
Monthly Supply of Inventory
4.6
1.9
-59%
Absorption Rate (closed sales)
21.7
53.6
147%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,400
$705
$773
$850
$825
$740
$790
$801
$758
$790
$760
$826
$846
14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$905,333
Average Sales Price (Closed)
$1,125,667
Sold 37
Listings for Sale
Active 69
69
Under Contract
Pending 30
30
Sold
37
market insight
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Playa Del Rey Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$757
$555
-27%
Average Price Per Sq. Foot
509
482
-5%
Properties Sold
17
20
18%
Properties Pending Sales
19
27
42%
Properties for Sale
28
17
-39%
Days on Market (Sold Homes)
49
45
-8%
Monthly Supply of Inventory
1.6
0.9
-44%
Absorption Rate (closed sales)
60.7
117.6
94%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,030 $900 $757
$512
$525
14-Mar 14-Apr 14-May 14-Jun
$507
14-Jul
$506
14-Aug
$539
14-Sep
$505
14-Oct
$518
$509
14-Nov 14-Dec
$519
15-Jan
$555
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$656,833
Average Sales Price (Closed)
$827,000
Sold 20
Active 17
Listings for Sale
17
Under Contract
Pending 27
27
Sold
20
market insight
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Westchester Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$781
$826
6%
Average Price Per Sq. Foot
495
466
-6%
Properties Sold
10
6
-40%
Properties Pending Sales
18
4
-78%
Properties for Sale
13
3
-77%
Days on Market (Sold Homes)
54
68
26%
Monthly Supply of Inventory
1.3
0.5
-62%
Absorption Rate (closed sales)
76.9
200
160%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,313
$781
$810
$825
$813 $725
14-Mar 14-Apr 14-May 14-Jun
14-Jul
$850
$785
$790
$800
$782
$780
$826
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$906,667
Average Sales Price (Closed)
$936,083
Listings for Sale
3
Active 3
Sold 6
Under Contract
Pending 4
4
Sold
6
market insight
CC
Playa Vista Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$641
$785
22%
Average Price Per Sq. Foot
468
491
5%
Properties Sold
8
13
63%
Properties Pending Sales
14
18
29%
Properties for Sale
11
8
-27%
Days on Market (Sold Homes)
39
54
38%
Monthly Supply of Inventory
1.4
0.6
-57%
Absorption Rate (closed sales)
72.7
162.5
124%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $975
$935 $865
$719
$769
$769
$715
$743
$745
$753
14-Sep
14-Oct
14-Nov 14-Dec
$773
$785
$641
14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
15-Jan
15-Feb 15-Mar
Caskey & Caskey
Key March Stats
Median Sales Price
$848,917
Average Sales Price (Closed)
$944,750
Active 8 Sold 13
Listings for Sale
8
Under Contract
Pending 18
18
Sold
13
market insight
CC
Westchester Year Over Year
Mar. 2014 Mar. 2015 % Change
Median Price
$825
$780
-5%
Average Price Per Sq. Foot
498
459
-8%
Properties Sold
9
3
-67%
Properties Pending Sales
9
4
-56%
Properties for Sale
14
5
-64%
Days on Market (Sold Homes)
51
84
65%
Monthly Supply of Inventory
1.6
1.7
6%
Absorption Rate (closed sales)
64.3
60
-7%
Mar. 2014 to Mar. 2015 Yearly Median Price Tracking (in $,000) $1,313
$825
$781
$810
$825
$813 $725
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
$850
$785
$790
$800
$782
$780
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key March Stats
Median Sales Price
$906,583
Average Sales Price (Closed)
$946,500
Sold 3 Active 5
Listings for Sale
5
Under Contract
4
Pending 4
Sold
3
market insight
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Caskey & Caskey Finer Home Specialists
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Copyright 2013-2015 Caskey & Caskey and Shorewood Realtors
market insight
Connect with Caskey & Caskey www.CaskeyAndCaskey.com Facebook www.Facebook.com/CaskeyAndCaskeyRE YouTube http://www.youtube.com/caskeyandcaskey Twitter @CaskeyAndCaskey LinkedIn www.linkedin.com/in/caskeyandcaskey/ Instagram @CaskeyAndCaskeyRE Email Info@CaskeyAndCaskey.com Phone (424) 262-0060 Copyright 2013-2015 Caskey & Caskey and Shorewood Realtors