market insight
Market Insight 2015_March 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
SOLD for $6,000,000
Jennifer & Dave Caskey Strand@CaskeyAndCaskey.com
www.TheStrandExpert.com
* Buyer to verify
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
541 4th Street – 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
Jennifer & Dave Caskey Info@CaskeyAndCaskey.com
www.CaskeyAndCaskey.com
Offered for $10,000,000
Jennifer & Dave Caskey Info@CaskeyAndCaskey.com
www.CaskeyAndCaskey.com
CC
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 March 2015, based on data available at the end of February 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
CC
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
CC
Manhattan Beach Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$1,953
$1,750
-10.4%
Average Price Per Sq. Foot
1014
974
-4%
Properties Sold
26
19
-27%
Properties Pending Sales
33
29
-12%
Properties for Sale
36
49
36%
Days on Market (Sold Homes)
52
39
-25%
Monthly Supply of Inventory
1.4
2.6
86%
Absorption Rate (closed sales)
72.2
38.8
-46%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,953 $1,717
14-Feb
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
Caskey & Caskey
Key February Stats
Median Sales Price
$2,031,333
Average Sales Price (Closed)
Sold, 19
$2,446,500
Listings for Sale
49
Active, 49 Pending, 29
Under Contract
29
Sold
19
market insight
CC
Manhattan Beach
CC
Manhattan Beach
CC
Hermosa Beach Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$1,345
$1,450
8%
Average Price Per Sq. Foot
624
739
18%
Properties Sold
14
9
-36%
Properties Pending Sales
19
23
21%
Properties for Sale
36
22
-39%
Days on Market (Sold Homes)
22
93
323%
Monthly Supply of Inventory
2.6
2.4
-8%
Absorption Rate (closed sales)
38.9
40.9
5%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,553
$1,480
$1,460
$1,437
$1,345
$1,450
$1,268
$1,230 $1,101
$1,640
$1,113
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$1,000
$1,095
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$1,431,000
Average Sales Price (Closed)
$1,582,750
Sold, 9 Active, 22
Listings for Sale
22 Under Contract
Pending, 23
23 Sold
9
market insight
CC
Hermosa Beach
CC
Hermosa Beach
CC
Redondo Beach Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$756
$814
8%
Average Price Per Sq. Foot
462
465
0.65%
Properties Sold
52
47
-10%
Properties Pending Sales
81
85
5%
Properties for Sale
105
87
-17%
Days on Market (Sold Homes)
45
56
24%
Monthly Supply of Inventory
2
1.9
-5%
Absorption Rate (closed sales)
49.5
54
9%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $756
$820
$788 $730
$719
$875
$845
$793
$813
$778
$765
$800
$814
14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$858,000
Average Sales Price (Closed)
$920,083
Sold, 47 Active, 87
Listings for Sale
87
Pending, 85
Under Contract
85
Sold
47
market insight
CC
Redondo Beach
CC
Redondo Beach
CC
El Segundo Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$854
$814
-5%
Average Price Per Sq. Foot
487
511
5%
Properties Sold
2
11
450%
Properties Pending Sales
9
12
33%
Properties for Sale
14
10
-29%
Days on Market (Sold Homes)
60
90
50%
Monthly Supply of Inventory
7
0.9
-87%
Absorption Rate (closed sales)
14.3
110
669%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $949
$854
$872
$845 $723
$808
$775
$838
$792
$849
$814
$694 $522
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$861,250
Average Sales Price (Closed)
$889,833
Sold 11
Active 10
Listings for Sale
10
Under Contract
Pending 12
12
Sold
11
market insight
CC
El Segundo
CC
El Segundo
CC
Torrance Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$512
$545
6%
Average Price Per Sq. Foot
382
398
4%
Properties Sold
80
79
-1%
Properties Pending Sales
87
115
32%
Properties for Sale
126
175
39%
Days on Market (Sold Homes)
54
45
-17%
Monthly Supply of Inventory
1.6
2.2
38%
Absorption Rate (closed sales)
63.5
45.1
-29%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $512
$545
$530
$550
$570
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$600 $535
14-Jul
$589 $544
$581
$585
$620
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
$545
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$608,833
Average Sales Price (Closed)
$634,583
Sold 79
Listings for Sale
175
Active 175
Pending 115
Under Contract
115 Sold
79
market insight
CC
Hawthorne Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$400
$365
-9%
Average Price Per Sq. Foot
294
319
9%
Properties Sold
19
18
-5%
Properties Pending Sales
23
35
52%
Properties for Sale
72
59
-18%
Days on Market (Sold Homes)
53
38
-28%
Monthly Supply of Inventory
3.8
3.3
-13%
Absorption Rate (closed sales)
26.4
30.5
16%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $528 $444 $400
$473 $435
$465
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$475
$516
$495 $440
$419
$455 $365
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$492,500
Average Sales Price (Closed)
$515,083
Sold 18
Listings for Sale
59
Active 59 Pending 35
Under Contract
35
Sold
18
market insight
CC
Lawndale Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$422
$515
16%
Average Price Per Sq. Foot
256
362
25%
Properties Sold
9
6
-13%
Properties Pending Sales
8
10
-43%
Properties for Sale
16
22
-26%
Days on Market (Sold Homes)
72
60
54%
Monthly Supply of Inventory
1.8
3.7
-17%
Absorption Rate (closed sales)
56.3
27.3
19%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $515
$488 $422
$395
$423
$415
$451 $383
$417
$447
$415
$425
$335
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$460,917
Average Sales Price (Closed)
$454,500
Sold 6
Listings for Sale
22
Pending 10
Under Contract
10
Sold
6
market insight
Active 22
CC
Lomita Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$475
$420
-12%
Average Price Per Sq. Foot
369
336
-9%
Properties Sold
4
4
0%
Properties Pending Sales
10
15
50%
Properties for Sale
24
28
17%
Days on Market (Sold Homes)
35
63
80%
Monthly Supply of Inventory
6
7
17%
Absorption Rate (closed sales)
16.7
14.3
-14%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $551
$517 $475
$478
$447
$550
$570
$520
$500
$485 $420
$381
14-Feb 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
Caskey & Caskey
Key February Stats
Median Sales Price
$521,583
Average Sales Price (Closed)
Sold 4
$529,917 Listings for Sale
Pending 15
28
Active 28
Under Contract
15 Sold
4
market insight
CC
Gardena Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$375
$400
7%
Average Price Per Sq. Foot
222
266
20%
Properties Sold
25
18
-28%
Properties Pending Sales
36
43
19%
Properties for Sale
63
60
-5%
Days on Market (Sold Homes)
63
56
-11%
Monthly Supply of Inventory
2.5
3.3
32%
Absorption Rate (closed sales)
39.7
30
-24%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $416
$405 $395
$384
$383
$382 $375
$400
$395
$400
$387
$375 $365
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$421,833
Average Sales Price (Closed)
$410,250
Sold 25
Listings for Sale
60 Under Contract
Active 59
Pending 32
43 Sold
18
market insight
Compilation of Caskey & Caske
ey Manhattan Beach Sales 2014
CC
Palos Verdes Estates Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$1,425
$1,550
9%
625
684
9%
Properties Sold
9
14
56%
Properties Pending Sales
12
16
33%
Properties for Sale
38
41
8%
Days on Market (Sold Homes)
67
86
28%
Monthly Supply of Inventory
4.2
2.9
-31%
Absorption Rate (closed sales)
23.7
34.1
44%
Average Price Per Sq. Foot
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $3,000
$1,695 $1,425
$1,675 $1,408
$1,440
$1,860
$1,725
$1,408
$1,400
$1,480
$1,550
$1,160
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$1,768,833
Average Sales Price (Closed)
$2,347,250
Sold 14
Listings for Sale
41
Pending 16
Under Contract
16 Sold
14
market insight
Active 41
CC
Palos Verdes Estates
CC
Palos Verdes Estates
CC
Rancho Palos Verdes Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$915
$969
5.90%
Average Price Per Sq. Foot
424
496
17%
Properties Sold
22
26
18%
Properties Pending Sales
30
47
57%
Properties for Sale
88
102
16%
Days on Market (Sold Homes)
69
72
4%
Monthly Supply of Inventory
4
3.9
-3%
Absorption Rate (closed sales)
25
25.5
2%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,220 $1,025
$1,010 $915
$1,059
$1,088
$1,058
$1,175
$1,100 $1,011
$1,015
$889
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov 14-Dec
15-Jan
$969
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$1,127,833
Average Sales Price (Closed)
$1,276,833
Sold 26
Listings for Sale
102
Pending 47
Under Contract
47 Sold
26
market insight
Active 102
CC
Rancho Palos Verdes
CC
Rancho Palos Verdes
CC
Rolling Hills Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$-
$3,658
--
Average Price Per Sq. Foot
0
901
--
Properties Sold
0
3
--
Properties Pending Sales
1
3
200%
Properties for Sale
16
15
-6%
Days on Market (Sold Homes)
0
113
--
Monthly Supply of Inventory
16
5
-69%
Absorption Rate (closed sales)
0
20
--
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $5,725
$3,658
$3,300 $2,925
$2,785
$2,439
$-
14-Feb
$2,681
$-
14-Mar
$3,148
$2,845
$3,113
$-
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$2,718,250
Sold 3
Average Sales Price (Closed)
$2,787,667 Listings for Sale
Pending 3
15 Active 15
Under Contract
3
Sold
3
market insight
CC
Rolling Hills Estates Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$1,085
$1,280
17.97%
483
518
7%
Properties Sold
6
7
17%
Properties Pending Sales
8
10
25%
Properties for Sale
20
12
-40%
Days on Market (Sold Homes)
162
108
-33%
Monthly Supply of Inventory
3.3
1.7
-48%
Absorption Rate (closed sales)
30
58.3
94.3%
Average Price Per Sq. Foot
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,300 $1,135
$1,085
$1,280 $1,071
$1,053
$1,115 $1,017
$1,180 $1,050 $900
$840
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
$925
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$1,162,583
Average Sales Price (Closed)
$1,284,833
Sold 7 Active 12
Listings for Sale
12
Under Contract
10
Pending 10
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.
CC
Santa Monica Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$1,165
$1,035
-11%
Average Price Per Sq. Foot
821
883
8%
Properties Sold
41
38
-7%
Properties Pending Sales
57
62
9%
Properties for Sale
112
101
-10%
Days on Market (Sold Homes)
76
47
-38%
Monthly Supply of Inventory
2.7
2.7
0%
Absorption Rate (closed sales)
36.6
37.6
3%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,385 $1,250
$1,165 $1,013
$1,500
$1,421 $1,239
$1,183
$1,272
$1,215
$1,035
$1,000
$899
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$1,298,083
Average Sales Price (Closed)
$1,707,583
Sold 38
Listings for Sale
101
Under Contract
Active 101
Pending 62
62
Sold
38
market insight
CC
Culver City Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$693
$692
0%
Average Price Per Sq. Foot
462
545
18%
Properties Sold
26
25
-4%
Properties Pending Sales
30
49
63%
Properties for Sale
34
39
15%
Days on Market (Sold Homes)
46
52
13%
Monthly Supply of Inventory
1.3
1.6
23%
Absorption Rate (closed sales)
76.5
64.1
-16%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $756
$750
$708
$700
$693 $570
$610
$516
14-Feb 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
Caskey & Caskey
Key February Stats
Median Sales Price
$670,833
Average Sales Price (Closed)
$709,667
Sold 25 Active 39
Listings for Sale
39 Under Contract
49
Pending 49
Sold
25
market insight
CC
Mar Vista Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$750
$900
20%
Average Price Per Sq. Foot
644
551
-14%
Properties Sold
5
1
-80%
Properties Pending Sales
1
2
-80%
Properties for Sale
2
3
50%
Days on Market (Sold Homes)
79
23
-71%
Monthly Supply of Inventory
0.4
3
650%
Absorption Rate (closed sales)
250
33.3
-87%
* No sales recorded
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,185
$823
$750
$905
$850
$-
14-Feb 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
Caskey & Caskey
Key February Stats
Median Sales Price
$699,583
Average Sales Price (Closed)
Sold 1
$702,833
Listings for Sale
3
Active 3 Pending 2
Under Contract
2
Sold
1
market insight
CC
Marina Del Rey Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$772
$1,400
81%
Average Price Per Sq. Foot
471
696
48%
Properties Sold
28
13
-54%
Properties Pending Sales
34
38
12%
Properties for Sale
91
67
-26%
Days on Market (Sold Homes)
79
73
-8%
Monthly Supply of Inventory
3.3
5.2
58%
Absorption Rate (closed sales)
30.8
19.4
-37%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,400
$772
$705
$773
$850
$825
$740
$790
$801
$758
$790
$760
$826
14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$899,167
Average Sales Price (Closed)
Sold 13
$1,122,750
Listings for Sale
67
Pending 38
Under Contract
38
Sold
13
market insight
Active 67
CC
Playa Del Rey Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$493
$1,030
109%
Average Price Per Sq. Foot
459
506
10%
Properties Sold
16
12
-25%
Properties Pending Sales
14
22
57%
Properties for Sale
24
23
-4%
Days on Market (Sold Homes)
70
67
-4%
Monthly Supply of Inventory
1.5
1.9
27%
Absorption Rate (closed sales)
66.7
52.2
-22%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $1,030 $900 $757
$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
$527
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$652,333
Average Sales Price (Closed)
$808,917
Sold 12
Listings for Sale
Active 23
23
Under Contract
22
Pending 22
Sold
12
market insight
CC
Westchester Year Over Year
Feb. 2014 Feb. 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%
Feb. 2014 to Feb. 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 February 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
CC
Playa Vista Year Over Year
Feb. 2014 Feb. 2015 % Change
Median Price
$725
$935
29%
Average Price Per Sq. Foot
440
504
15%
Properties Sold
7
11
57%
Properties Pending Sales
10
13
30%
Properties for Sale
14
9
-36%
Days on Market (Sold Homes)
57
43
-25%
Monthly Supply of Inventory
2
0.8
-60%
Absorption Rate (closed sales)
50
122.2
144%
Feb. 2014 to Feb. 2015 Yearly Median Price Tracking (in $,000) $975
$935 $865
$725
$719
$769
$769
$715
$743
$745
$753
14-Sep
14-Oct
14-Nov 14-Dec
$773
$641
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
15-Jan
15-Feb
Caskey & Caskey
Key February Stats
Median Sales Price
$843,917
Average Sales Price (Closed)
$930,750
Active 9
Sold 11
Listings for Sale
9
Under Contract
Pending 13
13
Sold
11
market insight
CC CC
Caskey & Caskey Finer Home Specialists
CC
CC
CC
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