market insight
Market Insight 2015_January 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
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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 January 2015, based on data available at the end of December 2014. 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 Click on any of the cities listed on the right to jump to that city’s micro report.
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
Dec. 2013 Dec. 2014 % Change
Median Price
$1,395
$1,700
21.9%
Average Price Per Sq. Foot
779
838
8%
Properties Sold
28
39
39%
Properties Pending Sales
11
18
64%
Properties for Sale
25
35
40%
Days on Market (Sold Homes)
42
44
5%
Monthly Supply of Inventory
0.9
0.9
0%
Absorption Rate (closed sales)
112
111.4
-1%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $2,152 $1,953 $1,717
$1,850
$1,995
$1,890 $1,928 $1,948
$2,100 $1,710
$2,200 $1,700
$1,395
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$2,044.83
Average Sales Price (Closed)
$2,461.00
Listings for Sale
Active, 35 Sold, 39
35
Under Contract
18
Pending, 18
Sold
39
market insight
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Hermosa Beach Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$1,023
$1,553
52%
Average Price Per Sq. Foot
588
771
31%
Properties Sold
16
16
0%
Properties Pending Sales
6
15
150%
Properties for Sale
26
18
-31%
Days on Market (Sold Homes)
41
64
56%
Monthly Supply of Inventory
1.6
1.1
-31%
Absorption Rate (closed sales)
61.5
88.9
45%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,553
$1,480
$1,460
$1,437
$1,345
$1,268
$1,230 $1,101
$1,023
$1,113 $1,000
$1,095
$878
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$1,331,920
Average Sales Price (Closed) Active, 18
$1,483,080 Listings for Sale
Sold, 16
18 Under Contract
Pending, 15
15 Sold
16
market insight
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Redondo Beach Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$780
$768
-2%
Average Price Per Sq. Foot
454
483
6.39%
Properties Sold
77
84
9%
Properties Pending Sales
49
57
16%
Properties for Sale
87
76
-13%
Days on Market (Sold Homes)
55
65
18%
Monthly Supply of Inventory
1.1
0.9
-18%
Absorption Rate (closed sales)
88.5
110.5
25%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $780
$770
$756
$820
$788 $730
$719
$875
$845
$793
$813
$778
$768
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$852,917
Average Sales Price (Closed)
$922,750
Listings for Sale
Active, 76
Sold, 84
76
Under Contract
Pending, 57
57
Sold
84
market insight
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El Segundo Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$743
$792
7%
Average Price Per Sq. Foot
417
459
10%
Properties Sold
12
19
58%
Properties Pending Sales
7
16
129%
Properties for Sale
11
12
9%
Days on Market (Sold Homes)
66
101
53%
Monthly Supply of Inventory
0.9
0.6
-33%
Absorption Rate (closed sales)
109.1
158.3
45%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $949
$743
$800
$854
$872
$845 $723
$808
$775
$838
$792
$694 $522
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$851,250
Average Sales Price (Closed)
$886,667 Listings for Sale
Active 12 Sold 19
12
Pending 16
Under Contract
16
Sold
19
market insight
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Torrance Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$555
$585
5%
Average Price Per Sq. Foot
375
393
5%
Properties Sold
112
92
-18%
Properties Pending Sales
75
88
17%
Properties for Sale
121
164
36%
Days on Market (Sold Homes)
58
62
7%
Monthly Supply of Inventory
1.1
1.8
64%
Absorption Rate (closed sales)
92.6
56.1
-39%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $600
$589
$581
$585
$570 $555
$550
$545 $530
$523
$544 $535
$512
13-Dec 14-Jan
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$601,583
Average Sales Price (Closed)
$628,667
Sold 92
Listings for Sale
Active 164
164 Under Contract
Pending 88
88 Sold
92
market insight
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Hawthorne Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$399
$516
29%
Average Price Per Sq. Foot
307
364
19%
Properties Sold
27
33
22%
Properties Pending Sales
21
28
33%
Properties for Sale
73
66
-10%
Days on Market (Sold Homes)
50
49
-2%
Monthly Supply of Inventory
2.7
2
-26%
Absorption Rate (closed sales)
37
50
35%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $528 $459 $399
$444 $400
$473 $435
$465
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
$475
$516
$495 $440
$419
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$495,667
Average Sales Price (Closed)
$513,750
Sold 33
Listings for Sale
66
Under Contract
Active 66 Pending 28
28
Sold
33
market insight
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Lawndale Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$365
$413
13%
Average Price Per Sq. Foot
281
326
16%
Properties Sold
6
16
167%
Properties Pending Sales
5
11
120%
Properties for Sale
29
19
-34%
Days on Market (Sold Homes)
86
63
-27%
Monthly Supply of Inventory
4.8
1.2
-75%
Absorption Rate (closed sales)
20.7
84.2
307%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $488 $422 $365
$395
$366
$423
$451 $417
$415 $383
$447 $413
$335
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$443,333
Average Sales Price (Closed)
$434,167
Listings for Sale
Sold 16
Active 19
19
Under Contract
Pending 11
11
Sold
16
market insight
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Lomita Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$502
$485
-3%
Average Price Per Sq. Foot
261
298
14%
Properties Sold
2
10
400%
Properties Pending Sales
6
7
17%
Properties for Sale
20
19
-5%
Days on Market (Sold Homes)
71
79
11%
Monthly Supply of Inventory
10
1.9
-81%
Absorption Rate (closed sales)
10
52.6
426%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $551
$517
$502
$475 $400
13-Dec 14-Jan
$478
$447
$550
$570 $520
$500
$485
$381
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$531,333
Average Sales Price (Closed)
$540,417
Sold 10
Listings for Sale
Active 19
19 Under Contract
Pending 7
7 Sold
10
market insight
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Gardena Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$356
$385
8%
Average Price Per Sq. Foot
256
286
12%
Properties Sold
39
35
-10%
Properties Pending Sales
29
31
7%
Properties for Sale
72
62
-14%
Days on Market (Sold Homes)
49
57
16%
Monthly Supply of Inventory
1.8
1.8
0%
Absorption Rate (closed sales)
54.2
56.5
4%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $416
$405 $395
$395
$375
$384
$383
$382
$385
$375
$365
$365
$356
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$415,083
Average Sales Price (Closed)
$405,333
Sold 35
Listings for Sale
Active 62
62 Under Contract
Pending 31
31 Sold
35
market insight
Compilation of Caskey & Caske
ey Manhattan Beach Sales 2014
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Palos Verdes Estates Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$1,598
$1,400
-12%
Average Price Per Sq. Foot
610
622
2%
Properties Sold
16
9
-44%
Properties Pending Sales
11
14
27%
Properties for Sale
26
48
85%
Days on Market (Sold Homes)
108
78
-28%
Monthly Supply of Inventory
1.6
5.3
231%
Absorption Rate (closed sales)
61.5
18.8
-69%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $3,000
$1,598
$1,710
$1,695 $1,425
$1,675 $1,408
$1,440
$1,860
$1,725
$1,408
$1,400 $1,160
13-Dec
14-Jan
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$1,792,000
Average Sales Price (Closed)
Sold 9
$2,241,500 Listings for Sale
Pending 14
48
Active 48
Under Contract
14 Sold
9
market insight
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Rancho Palos Verdes Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$996
$1,175
17.97%
Average Price Per Sq. Foot
458
509
11%
Properties Sold
33
32
-3%
Properties Pending Sales
27
32
19%
Properties for Sale
76
95
25%
Days on Market (Sold Homes)
103
87
-16%
Monthly Supply of Inventory
2.3
3
30%
Absorption Rate (closed sales)
43.4
33.7
-22%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,220 $1,100
13-Dec
$1,025
$1,010
$996
$915
14-Jan
$1,059
$1,088
$1,058
$1,175
$1,100 $1,011
$889
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$1,137,167
Average Sales Price (Closed)
$1,326,333
Sold 32
Listings for Sale
95
Pending 32
Under Contract
32 Sold
32
market insight
Active 95
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Rolling Hills Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$2,175
$2,845
31%
650
843
30%
Properties Sold
2
2
0%
Properties Pending Sales
1
1
0%
Properties for Sale
10
14
40%
Days on Market (Sold Homes)
129
59
-54%
Monthly Supply of Inventory
5
7
40%
Absorption Rate (closed sales)
20
14.3
-29%
Average Price Per Sq. Foot
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $5,725 $5,000
$3,300 $2,925 $2,439
$2,175
$-
13-Dec
$2,785
14-Jan
14-Feb
$-
14-Mar
$3,148
$2,681
$2,845
$-
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$2,751,917
Sold 2
Average Sales Price (Closed)
$2,792,083
Pending 1
Listings for Sale
14 Under Contract
Active 14
1
Sold
2
market insight
CC
Rolling Hills Estates Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$783
$900
14.94%
Average Price Per Sq. Foot
479
502
5%
Properties Sold
9
19
111%
Properties Pending Sales
1
7
600%
Properties for Sale
19
21
11%
Days on Market (Sold Homes)
73
79
8%
Monthly Supply of Inventory
2.1
1.1
-48%
Absorption Rate (closed sales)
47.4
90.5
90.9%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,300 $1,135
$1,085
$1,071
$1,053
$1,115 $1,017
$1,180 $1,050 $900
$840
$783
$368
13-Dec
14-Jan
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$1,074,750
Average Sales Price (Closed)
$1,194,250
Listings for Sale
Sold 19
Active 21
21
Under Contract
Pending 7
7
Sold
19
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
Dec. 2013 Dec. 2014 % Change
Median Price
$875
$1,500
71%
Average Price Per Sq. Foot
775
1091
41%
Properties Sold
61
123
102%
Properties Pending Sales
32
66
106%
Properties for Sale
93
166
78%
Days on Market (Sold Homes)
59
54
-8%
Monthly Supply of Inventory
1.5
1.3
-13%
Absorption Rate (closed sales)
65.6
74.1
13%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,385 $1,250
$1,165 $1,013 $875
13-Dec
$1,239
$1,183
$1,215
$1,000
$899
$817
14-Jan
$1,500
$1,421
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$1,246,833
Average Sales Price (Closed)
$1,661,750
Sold 123
Listings for Sale
Active 166
166
Under Contract
Pending 66
66
Sold
123
market insight
CC
Culver City Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$765
$720
-6%
Average Price Per Sq. Foot
484
489
1%
Properties Sold
34
61
79%
Properties Pending Sales
20
70
250%
Properties for Sale
33
73
121%
Days on Market (Sold Homes)
48
42
-13%
Monthly Supply of Inventory
1
1.2
20%
Absorption Rate (closed sales)
103
83.6
-19%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $765
$756
$750
$693 $565
13-Dec
14-Jan
$720
$700 $570
$610
$516
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$575 $510
14-Jul
$465
14-Aug 14-Sep
14-Oct
14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$682,917
Average Sales Price (Closed)
$710,000
Sold 61
Active 73
Listings for Sale
73 Under Contract
Pending 70
70 Sold
61
market insight
CC
Mar Vista Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$787
$-
-100%
Average Price Per Sq. Foot
614
0
-100%
Properties Sold
1
0
-100%
Properties Pending Sales
1
2
-100%
Properties for Sale
2
1
-50%
Days on Market (Sold Homes)
49
0
-100%
Monthly Supply of Inventory
2
1
-50%
Absorption Rate (closed sales)
50
0
-100%
* No sales recorded
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,185
$787
$823
$750
$905
$850
$1,234
$848
$487
$-
13-Dec
14-Jan
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$-
14-Jul
$-
$-
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
Sold 0
$655,750
Average Sales Price (Closed)
$659,000
Active 1
Listings for Sale
1
Pending 2
Under Contract
2
Sold
0
market insight
CC
Marina Del Rey Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$670
$760
13%
Average Price Per Sq. Foot
471
543
15%
Properties Sold
33
65
97%
Properties Pending Sales
20
31
55%
Properties for Sale
90
98
9%
Days on Market (Sold Homes)
68
69
1%
Monthly Supply of Inventory
2.7
1.5
-44%
Absorption Rate (closed sales)
36.7
66.3
81%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $800 $670
$850
$773
$772 $705
$825
$740
$790
$801
$758
$790
$760
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$836,167
Average Sales Price (Closed)
$1,051,417
Sold 65
Listings for Sale
Active 98
98
Under Contract
Pending 31
31
Sold
65
market insight
CC
Playa Del Rey Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$490
$509
4%
Average Price Per Sq. Foot
434
497
15%
Properties Sold
17
20
18%
Properties Pending Sales
13
16
23%
Properties for Sale
20
31
55%
Days on Market (Sold Homes)
69
72
4%
Monthly Supply of Inventory
1.2
1.6
33%
Absorption Rate (closed sales)
85
64.5
-24%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $900 $757
$490
13-Dec
$490
14-Jan
$493
$512
$525
14-Feb 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
Caskey & Caskey
Key January Stats
Median Sales Price
$604,580
Average Sales Price (Closed)
$760,833
Sold 20
Listings for Sale
Active 31
31
Under Contract
Pending 16
16
Sold
20
market insight
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Westchester Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$692
$800
16%
Average Price Per Sq. Foot
428
538
26%
Properties Sold
12
9
-25%
Properties Pending Sales
8
3
-63%
Properties for Sale
5
8
60%
Days on Market (Sold Homes)
56
49
-13%
Monthly Supply of Inventory
0.4
0.9
125%
Absorption Rate (closed sales)
240
112.5
-53%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $1,313
$970 $825 $692
$781
$810
$825
$813 $725
13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
$850
$785
$790
$800
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
Caskey & Caskey
Key January Stats
Median Sales Price
$914,917
Average Sales Price (Closed)
$965,417
Listings for Sale
Active 8
Sold 9
8
Under Contract
Pending 3
3
Sold
9
market insight
CC
Playa Vista Year Over Year
Dec. 2013 Dec. 2014 % Change
Median Price
$668
$753
13%
Average Price Per Sq. Foot
442
500
13%
Properties Sold
10
11
10%
Properties Pending Sales
4
14
250%
Properties for Sale
5
9
80%
Days on Market (Sold Homes)
62
88
42%
Monthly Supply of Inventory
0.5
0.8
60%
Absorption Rate (closed sales)
200
122.2
-39%
Dec. 2013 to Dec. 2014 Yearly Median Price Tracking (in $,000) $975 $865
$668
13-Dec
$725 $649
14-Jan
$719
$769
$769
$715
$743
$745
$753
14-Sep
14-Oct
14-Nov 14-Dec
$641
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key January Stats
Median Sales Price
$811,333
Average Sales Price (Closed)
$878,500
Active 9
Sold 11
Listings for Sale
9
Under Contract
Pending 14
14
Sold
11
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/ Email Info@CaskeyAndCaskey.com Phone (310) 200-1960 Copyright 2013-2015 Caskey & Caskey and Shorewood Realtors