market insight
Market Insight 2015_February 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
T h e
S t r a n d
E x p e r t
3716 The Strand, Manhattan Beach
Whether you’re looking for an incredible new income property or the site of your new dream home on the legendary Manhattan Beach Strand—your search ends here. Indeed, views abound from all three spacious units of this classic coastal triplex, each of which features 3 bedrooms, 2 bathrooms, and ample parking for 2 cars. It’s an amazing opportunity for you to live in one premium unit while renting out the other two for an impressive built-in income. Just steps from the sand and the bustling beachside enclave of El Porto, where you’ll find everything from award-winning restaurants, quaint cafes and hip coffee shops, to serene yoga studios, fun-filled sports bars and live music. Additional images at www.3716TheStrand.com • • •
This amazing Strand property sits high above the bike path 180-degree views from Malibu to the Pier to Catalina to PV Rare Strand Triplex with 3 breathtaking balconies
•
Spacious units each with a wall of west facing windows
• •
Covered garage parking for each unit 3,503* square foot buildable full lot
Offered for $5,899,000
Jennifer & Dave Caskey Strand@CaskeyAndCaskey.com
www.TheStrandExpert.com
New Listing In Escrow - Accepting Back Up Offers
302 South Catalina Avenue #8, Redondo Beach Incredible location, gorgeous updates and the best of beach living! Just across from lush Veteran’s Park, with inspiring views of the ocean, pier and sunsets, this impeccable tri-level townhome puts you in the heart of the action—inside your own quiet, gated oasis. You’re literally steps from the beach and moments away from King Harbor and the lovely shops and restaurants of Riviera Village. You’ll walk everywhere!
* Buyer to verify
3 Bedrooms | 2.5 Bathrooms | 2,487* sf Living | www.302Catalina.com | Offered for $1,050,000
COMING SOON
COMING SOON
COMING SOON
Duplex in El Porto area of MB 2 Beds & 1 Bath | 1 Bed & 1 Bath | 1,603* sf Offered for $1,650,000
Hermosa Beach Ocean View Townhome 2 Beds | 2.5 Baths | 1,400* Living Space Offered for $775,000
North Redondo Beach Townhome 2 Beds & Office | 2.5 Baths | 1,442* sf Living Offered for $575,000
Jennifer & Dave Caskey Info@CaskeyAndCaskey.com
www.CaskeyAndCaskey.com
New Listing: 501 Manhattan Avenue, Manhattan Beach
501 Manhattan Ave., Manhattan Beach • Steps from the sand and shops on one of Manhattan Beach’s most desirable walk streets, this spectacular property is the ultimate in location and versatility. Boasting a spacious duplex with glorious views of the sparkling ocean, plus a charming separate home in back, this property gives you the covetable opportunity to live your beachside dream in one unit while renting out the other two! Triplex Configuration: 2 Beds & 1.5 bath | Large studio | 2 Beds & 1.5 bath | 2,288* sf Living | 2,705* Lot | www.501ManhattanAve.com | Offered for $5,999,999
COMING SOON – MANHATTAN BEACH SAND SECTION
Set on one of MB’s most coveted streets, this magnificent home boasts over 3,500 square feet of living space and nearly 1,000 square feet of breathtaking, fully-appointed rooftop decks. You’ll love the natural light, luxurious finishes, beautiful views and unique character of this one-of-a-kind property that’s just steps from the greenbelt, downtown MB, Robinson Elementary and the sparkling Pacific Ocean. Will be offered at $3,989,000
Jennifer & Dave Caskey Info@CaskeyAndCaskey.com
www.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 February 2015, based on data available at the end of January 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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MANHATTAN BEACH Year Over Year
Jan. 2014
Median Price
Jan. 2015 % Change
$2,152
$1,635
-24.0%
Average Price Per Sq. Foot
767
815
6%
Properties Sold
15
21
40%
Properties Pending Sales
27
27
0%
Properties for Sale
28
43
54%
Days on Market (Sold Homes)
37
71
92%
Monthly Supply of Inventory
1.9
2
5%
Absorption Rate (closed sales)
53.6
48.8
-9%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $2,152 $1,953 $1,717
$1,850
$1,995
$1,890 $1,928 $1,948
14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$2,100 $1,710
$2,200 $1,700 $1,635
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$2,064,830
Average Sales Price (Closed)
$2,461,580
Sold, 21
Listings for Sale
Active, 43
43
Under Contract
Pending, 27
27
Sold
21
market insight
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HERMOSA BEACH Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$878
$1,640
87%
Average Price Per Sq. Foot
644
718
11%
Properties Sold
12
15
25%
Properties Pending Sales
16
14
-13%
Properties for Sale
26
21
-19%
Days on Market (Sold Homes)
58
65
12%
Monthly Supply of Inventory
2.2
1.4
-36%
Absorption Rate (closed sales)
46.2
71.4
55%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $1,553
$1,480
$1,460
$1,437
$1,345
$1,268
$1,230 $1,101
$1,640
$1,113 $1,000
$1,095
$878
14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$1,383,330
Average Sales Price (Closed)
$1,543,420 Listings for Sale
Sold, 15
21 Under Contract
Pending, 14
14 Sold
15
market insight
Active, 21
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REDONDO BEACH Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$770
$800
4%
Average Price Per Sq. Foot
505
494
-2.18%
Properties Sold
55
49
-11%
Properties Pending Sales
63
72
14%
Properties for Sale
102
87
-15%
Days on Market (Sold Homes)
50
60
20%
Monthly Supply of Inventory
1.9
1.8
-5%
Absorption Rate (closed sales)
53.9
56.3
4%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $770
$756
$788
$820 $730
$719
$875
$845
$793
$813
$778
$765
$800
Caskey & Caskey
Key January Stats
Median Sales Price
$854,333
Average Sales Price (Closed)
$921,833
Sold, 49
Listings for Sale
Active, 87
87
Under Contract
Pending, 72
72
Sold
49
market insight
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EL SEGUNDO Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$800
$849
6%
Average Price Per Sq. Foot
524
489
-7%
Properties Sold
7
18
157%
Properties Pending Sales
3
12
300%
Properties for Sale
17
12
-29%
Days on Market (Sold Homes)
71
81
14%
Monthly Supply of Inventory
2.4
0.7
-71%
Absorption Rate (closed sales)
41.2
150
264%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $949
$800
$854
$872
$845 $723
$808
$775 $694 $522
$838
$792
$849
Caskey & Caskey
Key January Stats
Median Sales Price
$860,083
Average Sales Price (Closed)
$897,167 Listings for Sale
Active 12 Sold 18
12
Pending 12
Under Contract
12
Sold
18
market insight
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TORRANCE Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$523
$620
19%
Average Price Per Sq. Foot
370
394
6%
Properties Sold
83
63
-24%
Properties Pending Sales
96
116
21%
Properties for Sale
130
160
23%
Days on Market (Sold Homes)
56
59
5%
Monthly Supply of Inventory
1.6
2.5
56%
Absorption Rate (closed sales)
63.8
39.4
-38%
Jan. 2014 to Jan. 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 January Stats
Median Sales Price
$607,000
Average Sales Price (Closed)
$635,250
Sold 63
Listings for Sale
160
Active 160
Pending 116
Under Contract
116 Sold
63
market insight
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HAWTHORNE Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$459
$455
-1%
Average Price Per Sq. Foot
307
303
-1%
Properties Sold
28
14
-50%
Properties Pending Sales
28
29
4%
Properties for Sale
73
50
-32%
Days on Market (Sold Homes)
44
51
16%
Monthly Supply of Inventory
2.6
3.6
38%
Absorption Rate (closed sales)
38.4
28
-27%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $528
$459
$444 $400
$473
$435
$465
$475
$516
$495 $440
$419
$455
Caskey & Caskey
Key January Stats
Median Sales Price
$500,333
Average Sales Price (Closed)
$517,083
Sold 14
Listings for Sale
50
Active 50 Pending 29
Under Contract
29
Sold
14
market insight
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LAWNDALE Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$366
$425
16%
Average Price Per Sq. Foot
261
327
25%
Properties Sold
8
7
-13%
Properties Pending Sales
14
8
-43%
Properties for Sale
19
14
-26%
Days on Market (Sold Homes)
37
57
54%
Monthly Supply of Inventory
2.4
2
-17%
Absorption Rate (closed sales)
42.1
50
19%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $488 $422 $366
$395 $335
$423
$451 $415
$417 $383
$447
$415
$425
Caskey & Caskey
Key January Stats
Median Sales Price
$448,500
Average Sales Price (Closed)
$440,500
Sold 7
Listings for Sale
Active 14
14
Under Contract
Pending 8
8
Sold
7
market insight
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LOMITA Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$400
$365
-9%
Average Price Per Sq. Foot
338
347
3%
Properties Sold
9
3
-67%
Properties Pending Sales
10
8
-20%
Properties for Sale
24
26
8%
Days on Market (Sold Homes)
63
58
-8%
Monthly Supply of Inventory
2.7
8.7
222%
Absorption Rate (closed sales)
37.5
11.5
-69%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $551
$517 $475 $400
14-Jan
$478
$447 $381
14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$550
$570
$520
$500
$485
$365
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$519,917
Average Sales Price (Closed)
$532,333 Listings for Sale
Sold 3 Pending 8
26
Active 26
Under Contract
8 Sold
3
market insight
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GARDENA Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$365
$400
10%
Average Price Per Sq. Foot
284
298
5%
Properties Sold
26
25
-4%
Properties Pending Sales
38
32
-16%
Properties for Sale
58
59
2%
Days on Market (Sold Homes)
39
63
62%
Monthly Supply of Inventory
2.2
2.4
9%
Absorption Rate (closed sales)
44.8
42.4
-5%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $416
$405 $395
$384
$383
$382 $375
$400
$395 $387
$375
$365
14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$365
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$418,917
Average Sales Price (Closed)
$409,000
Sold 25
Listings for Sale
59 Under Contract
Active 59
Pending 32
32 Sold
25
market insight
Compilation of Caskey & Caske
ey Manhattan Beach Sales 2014
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PALOS VERDES ESTATES Year Over Year
Jan. 2014
Median Price
Jan. 2015 % Change
$1,710
$1,480
-13%
Average Price Per Sq. Foot
628
1143
82%
Properties Sold
12
9
-25%
Properties Pending Sales
10
19
90%
Properties for Sale
35
45
29%
Days on Market (Sold Homes)
167
152
-9%
Monthly Supply of Inventory
2.9
5
72%
Absorption Rate (closed sales)
34.3
20
-42%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $3,000
$1,710
$1,695 $1,425
$1,675 $1,408
$1,440
$1,860
$1,725
$1,408
$1,400
$1,480
$1,160
14-Jan
14-Feb
14-Mar
14-Apr
14-May 14-June
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$1,782,167
Average Sales Price (Closed)
Sold 9
$2,354,500 Listings for Sale
45
Pending 19 Active 45
Under Contract
19 Sold
9
market insight
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RANCHO PALOS VERDES Year Over Year
Jan. 2014
Median Price
Jan. 2015 % Change
$1,100
$1,015
-7.73%
Average Price Per Sq. Foot
519
473
-9%
Properties Sold
28
28
0%
Properties Pending Sales
29
37
28%
Properties for Sale
86
96
12%
Days on Market (Sold Homes)
77
74
-4%
Monthly Supply of Inventory
3.1
3.4
10%
Absorption Rate (closed sales)
32.6
29.2
-10%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $1,220
$1,100
$1,025
$1,010 $915
14-Jan
$1,059
$1,088
$1,058
$1,175
$1,100 $1,011
$1,015
$889
14-Feb 14-Mar 14-Apr 14-May 14-June
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov 14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$1,138,750
Average Sales Price (Closed)
$1,318,833
Sold 28
Listings for Sale
96
Pending 37
Under Contract
37 Sold
28
market insight
Active 96
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ROLLING HILLS Year Over Year
Jan. 2014
Median Price
Jan. 2015 % Change
$5,000
$3,113
-38%
625
815
30%
Properties Sold
1
2
100%
Properties Pending Sales
1
4
300%
Properties for Sale
13
11
-15%
Days on Market (Sold Homes)
385
53
-86%
Monthly Supply of Inventory
13
5.5
-58%
Absorption Rate (closed sales)
7.7
18.2
136%
Average Price Per Sq. Foot
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $5,725 $5,000
$3,300 $2,925 $2,439
$-
14-Jan
14-Feb
$2,785
$-
14-Mar
$3,148
$2,681
$2,845
$3,113
$-
14-Apr
14-May 14-June
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$2,830,083
Sold 2
Average Sales Price (Closed)
$2,870,167 Listings for Sale
11
Pending 4 Active 11
Under Contract
4
Sold
2
market insight
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ROLLING HILLS ESTATES Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$368
$925
151.36%
Average Price Per Sq. Foot
426
537
26%
Properties Sold
3
8
167%
Properties Pending Sales
8
13
63%
Properties for Sale
24
16
-33%
Days on Market (Sold Homes)
53
130
145%
Monthly Supply of Inventory
8
2
-75%
Absorption Rate (closed sales)
12.5
50
300.0%
Jan. 2014 to Jan. 2015 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
$925
$368
14-Jan
14-Feb
14-Mar
14-Apr
14-May 14-June
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$1,086,583
Average Sales Price (Closed)
$1,229,917
Sold 8
Listings for Sale
Active 16
16
Under Contract
Pending 13
13
Sold
8
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
Jan. 2014
Jan. 2015 % Change
Median Price
$817
$1,272
56%
Average Price Per Sq. Foot
847
827
-2%
Properties Sold
27
48
78%
Properties Pending Sales
50
55
10%
Properties for Sale
106
94
-11%
Days on Market (Sold Homes)
59
76
29%
Monthly Supply of Inventory
3.9
2
-49%
Absorption Rate (closed sales)
25.5
51.1
100%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $1,250
$1,165 $1,013
$1,239
$1,183
$1,272
$1,215
$1,000
$899
$817
14-Jan
$1,500
$1,421
$1,385
14-Feb
14-Mar
14-Apr
14-May 14-June
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$1,279,917
Average Sales Price (Closed)
$1,682,417
Sold 48
Listings for Sale
Active 94
94
Under Contract
Pending 55
55
Sold
48
market insight
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CULVER CITY Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$565
$505
-11%
Average Price Per Sq. Foot
455
462
-2%
Properties Sold
19
34
78%
Properties Pending Sales
23
48
10%
Properties for Sale
38
39
-11%
Days on Market (Sold Homes)
52
45
29%
Monthly Supply of Inventory
2
1.1
-49%
Absorption Rate (closed sales)
50
87.2
74%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $756
$750
$565
14-Jan
$708
$700
$693 $570
$610
$516
14-Feb 14-Mar 14-Apr 14-May 14-June
$575 $510
14-Jul
$505
$465
14-Aug 14-Sep
14-Oct
14-Nov 14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$660,250
Average Sales Price (Closed)
$700,083
Sold 34
Active 39
Listings for Sale
39 Under Contract
Pending 48
48 Sold
34
market insight
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MAR VISTA Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$487
$900
85%
Average Price Per Sq. Foot
356
551
55%
Properties Sold
2
1
-50%
Properties Pending Sales
4
1
-50%
Properties for Sale
2
2
0%
Days on Market (Sold Homes)
178
130
-27%
Monthly Supply of Inventory
1
2
100%
Absorption Rate (closed sales)
100
50
-50%
* No sales recorded
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $1,185
$823
$750
$905
$850
$1,234
$900
$848
$487
$-
14-Jan
$-
14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$-
$-
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$655,167
Average Sales Price (Closed)
$668,417
Sold 1
Listings for Sale
Active 2
2
Under Contract
Pending 1
1
Sold
1
market insight
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MARINA DEL REY Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$800
$826
3%
Average Price Per Sq. Foot
638
556
-13%
Properties Sold
15
17
13%
Properties Pending Sales
20
27
35%
Properties for Sale
90
69
-23%
Days on Market (Sold Homes)
103
64
-38%
Monthly Supply of Inventory
6
4.1
-32%
Absorption Rate (closed sales)
16.7
24.6
47%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $800
$850
$773
$772 $705
$825 $740
$790
$801
$758
$790
$826 $760
Caskey & Caskey
Key January Stats
Median Sales Price
$849,167
Average Sales Price (Closed)
Sold 17
$1,085,117
Listings for Sale
69
Pending 27 Active 69
Under Contract
27
Sold
17
market insight
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PLAYA DEL REY Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$490
$527
8%
Average Price Per Sq. Foot
511
494
-3%
Properties Sold
13
6
-54%
Properties Pending Sales
18
15
-17%
Properties for Sale
20
18
-10%
Days on Market (Sold Homes)
59
63
7%
Monthly Supply of Inventory
1.5
3
100%
Absorption Rate (closed sales)
65
33.3
-49%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $900 $757
$490
14-Jan
$493
$512
$525
14-Feb 14-Mar 14-Apr 14-May 14-June
$507
14-Jul
$506
14-Aug
$539
14-Sep
$505
14-Oct
$518
$509
14-Nov 14-Dec
$527
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$607,333
Average Sales Price (Closed)
$779,917
Sold 6
Listings for Sale
Active 18
18
Pending 15
Under Contract
15
Sold
6
market insight
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WESTCHESTER Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$970
$782
-19%
Average Price Per Sq. Foot
487
520
7%
Properties Sold
6
3
-50%
Properties Pending Sales
7
3
-57%
Properties for Sale
10
5
-50%
Days on Market (Sold Homes)
69
126
83%
Monthly Supply of Inventory
1.7
1.7
0%
Absorption Rate (closed sales)
60
60
0%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $1,313
$970 $825
$781
$810
$825
$813 $725
14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-June 14-Jul
$850
$785
$790
$800
$782
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$922,417
Average Sales Price (Closed)
$971,833
Sold 3
Listings for Sale
Active 5
5
Under Contract
3
Pending 3
Sold
3
market insight
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PLAYA VISTA Year Over Year
Jan. 2014
Jan. 2015 % Change
Median Price
$649
$775
19%
Average Price Per Sq. Foot
426
504
18%
Properties Sold
5
13
160%
Properties Pending Sales
6
12
100%
Properties for Sale
14
6
-57%
Days on Market (Sold Homes)
54
75
39%
Monthly Supply of Inventory
2.8
0.5
-82%
Absorption Rate (closed sales)
35.7
216.7
507%
Jan. 2014 to Jan. 2015 Yearly Median Price Tracking (in $,000) $975
$865 $725 $649
14-Jan
$719
$769
$769
$715
$743
$745
$753
14-Sep
14-Oct
14-Nov 14-Dec
$775
$641
14-Feb 14-Mar 14-Apr 14-May 14-June
14-Jul
14-Aug
15-Jan
Caskey & Caskey
Key January Stats
Median Sales Price
$820,250
Average Sales Price (Closed)
$899,500
Listings for Sale
Active 6
Sold 13
6
Under Contract
Pending 12
12
Sold
13
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