market insight
Market Insight 2015_May 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 Cod Home 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 $4,799,000
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
CC
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 Late Summer 2015. 5 Bedroom suites | 5.5 Baths | 5,000* Plus sf Offered for $16,000,000
Incredible ocean view property on one of the most coveted corner lots in the Sand Section 5:1 Bed Apts | 1:Single Apt | Views | 3,401* sf 2 Buildings | Offered for $5,499,000
Steps from the sand & shops on a highly desirable walk street, this is the ultimate in location & versatility. 5 Bedroom suites | 3.5 Baths | 2,288* sf Offered for $5,999,999
OPEN SATURDAY 1-4 PM 2804 Hermosa Ave., Hermosa Beach
Fabulous Pre-Construction Offering 1321 21st Street, Manhattan Beach
Sand Section Custom Home 541 4th Street, Manhattan Beach
Ocean view home with open floor plan detailed for a luxurious beach lifestyle 4 Beds | 3.5 Baths | 3,746* sf | Rooftop Deck Family Room | Offered for $4,799,000
Gorgeous new Mediterranean custom home with designer finishes and an open floor plan. 5 Beds | 5.5 Baths | 5,061* sf |7.495* sf Lot Offered for $4,499,900
A classic, coastal masterpiece just 2 blocks from the ocean & steps to the shops & restaurants. 4 Bedrooms | 3.5 Bathrooms | 3,596* sf Living Rooftop Decks | Offered for $3,989,000
OPEN SATURDAY 1-4 PM 1622 Gates Ave., Manhattan Beach
Executive Suites #204 & #205 1300 Highland Ave., Manhattan Beach
Masterpiece pool home with designer details throughout, plus a separate Casita. 6 Bedroom suites | 5.5 Baths | 5,500* sf Offered for $2,999,000
Discover an entirely new way to work at MB’s most exclusive commercial address. 2 Contiguous Upper Level Suites Offered for $1,399,000 (Furnished)
Stunning Gas Lamp Area Home 514 21st Street, Manhattan Beach
Fall in love with every detail of this home with its storybook location, flickering street lamps & luxurious finishes
Model Home: 4 Bedroom | 3.5 Baths | 2,800* sf Offered for $3,459,000
To view our showcase listings, aerial photography and videos: www.CaskeyAndCaskey.com Jennifer & Dave Caskey | (310) 200-1960 | Dave@CaskeyAndCaskey.com
Park Home
Showings by Appointment 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 May 2015, based on data available at the end of April 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
Apr. 2014 Apr. 2015 % Change
Median Price
$1,850
$2,100
13.5%
Average Price Per Sq. Foot
852
972
14%
Properties Sold
45
31
-31%
Properties Pending Sales
39
36
-8%
Properties for Sale
66
54
-18%
Days on Market (Sold Homes)
33
47
42%
Monthly Supply of Inventory
1.5
1.7
13%
Absorption Rate (closed sales)
68.2
57.4
-16%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,850
2014 Apr
$1,995
$1,890
$1,928
$2,100
$1,948
$2,200
$1,710
14-May
14-Jun
14-Jul
14-Aug
14-Sep
$2,100 $1,700
14-Oct
14-Nov
14-Dec
$1,635
15-Jan
$1,750
15-Feb
$1,690
15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$2,041,333
Average Sales Price (Closed)
Sold, 31
$2,401,250
Active, 54
Listings for Sale
54
Under Contract
63
Pending, 36
Sold
31
market insight
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Hermosa Beach Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$1,460
$1,450
-1%
Average Price Per Sq. Foot
780
1250
60%
Properties Sold
32
29
-9%
Properties Pending Sales
20
23
15%
Properties for Sale
39
35
-10%
Days on Market (Sold Homes)
49
46
-6%
Monthly Supply of Inventory
1.2
1.2
0%
Absorption Rate (closed sales)
82.1
82.9
1%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,480
$1,460 $1,230
2014 Apr
$1,437 $1,268
$1,113
14-May 14-Jun
$1,000
$1,553
$1,640 $1,450
$1,450 $1,310
$1,095
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$1,457,167
Average Sales Price (Closed)
$1,757,167 Listings for Sale
Active, 35 Sold, 29
35 Under Contract
23
Pending, 23
Sold
29
market insight
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Redondo Beach Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$730
$846
16%
Average Price Per Sq. Foot
456
498
9.21%
Properties Sold
87
85
-2%
Properties Pending Sales
97
112
15%
Properties for Sale
115
115
0%
Days on Market (Sold Homes)
47
39
-17%
Monthly Supply of Inventory
1.3
1.4
8%
Absorption Rate (closed sales)
75.7
73.9
-2%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $820 $730
$719
$875
$845
$877
$793
$813
$778
$765
$800
$814
$846
2014 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar 2015 Apr Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$872,917
Average Sales Price (Closed)
$947,167
Sold, 85 Active, 115
Listings for Sale
115
Under Contract
112
Pending, 112
Sold
85
market insight
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El Segundo Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$845
$810
-4%
Average Price Per Sq. Foot
487
580
19%
Properties Sold
9
13
44%
Properties Pending Sales
8
14
75%
Properties for Sale
12
10
-17%
Days on Market (Sold Homes)
75
38
-49%
Monthly Supply of Inventory
1.3
0.8
-38%
Absorption Rate (closed sales)
75
130
73%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $949
$872
$845
$808
$775
$838
$817 $735
$694
$814
$755
$810
$522
2014 Apr
14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$852,833
Average Sales Price (Closed)
$902,667 Listings for Sale
Sold 13
Active 10
10
Under Contract
Pending 14
14
Sold
13
market insight
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Torrance Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$530
$600
13%
Average Price Per Sq. Foot
385
394
2%
Properties Sold
97
133
37%
Properties Pending Sales
118
149
26%
Properties for Sale
159
159
0%
Days on Market (Sold Homes)
34
50
47%
Monthly Supply of Inventory
1.6
1.2
-25%
Absorption Rate (closed sales)
61
83.6
37%
Apr. 2014 to Apr. 2015 Yearly Median Price$618 Tracking (in $,000) $600
$600 $589
$581
$585
$570 $550 $535
$530
2014 Apr
14-May 14-Jun
14-Jul
$544
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
$547 $535
15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$615,333
Average Sales Price (Closed)
$641,583
Sold 133
Listings for Sale
159 Under Contract
Pending 149
149 Sold
133
market insight
Active 159
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Hawthorne Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$473
$500
6%
Average Price Per Sq. Foot
341
336
-1%
Properties Sold
25
32
28%
Properties Pending Sales
31
54
74%
Properties for Sale
56
43
-23%
Days on Market (Sold Homes)
91
56
-38%
Monthly Supply of Inventory
2.2
1.3
-41%
Absorption Rate (closed sales)
44.6
74.4
67%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $618 $528 $473
$435
$465
$475
$516
$495 $440
$419
$500
$455 $365
2014 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar Apr
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$515,333
Average Sales Price (Closed)
$529,500
Sold 32
Listings for Sale
43
Under Contract
54
Pending 54
Sold
32
market insight
Active 43
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Lawndale Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$395
$410
4%
Average Price Per Sq. Foot
311
322
4%
Properties Sold
10
9
-10%
Properties Pending Sales
9
18
100%
Properties for Sale
18
23
28%
Days on Market (Sold Homes)
75
77
3%
Monthly Supply of Inventory
1.8
2.6
44%
Absorption Rate (closed sales)
55.6
39.1
-30%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $515
$488 $395
2014 Apr
$423
14-May 14-Jun
$415
$451 $383
$417
$447
$415
$425
$447
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
$410
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$469,250
Average Sales Price (Closed)
$461,083
Sold 9
Listings for Sale
Active 23
23
Under Contract
Pending 18
18
Sold
9
market insight
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Lomita Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$517
$509
-2%
Average Price Per Sq. Foot
300
345
15%
Properties Sold
15
13
-13%
Properties Pending Sales
10
20
100%
Properties for Sale
28
21
-25%
Days on Market (Sold Homes)
64
67
5%
Monthly Supply of Inventory
1.9
1.6
-16%
Absorption Rate (closed sales)
53.6
61.9
15%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $551
$517
$478
14-May 14-Jun
$570
$561 $520
$500
$509
$485 $420
$381
2014 Apr
$550
$365
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$533,917
Average Sales Price (Closed)
$544,333
Sold 13 Active 21
Listings for Sale
21 Under Contract
Pending 20
20 Sold
13
market insight
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Gardena Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$382
$413
8%
Average Price Per Sq. Foot
282
279
-1%
Properties Sold
36
38
6%
Properties Pending Sales
32
54
69%
Properties for Sale
70
50
-29%
Days on Market (Sold Homes)
45
45
0%
Monthly Supply of Inventory
1.9
1.3
-32%
Absorption Rate (closed sales)
51.4
76
48%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $420
$416
$413
$405
$400
$395 $384
$383
$382
$400
$387
$375 $365
2014 Apr
14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$427,083
Average Sales Price (Closed)
$415,500
Sold 38 Active 50
Listings for Sale
50 Under Contract
Pending 54
54 Sold
38
market insight
Manhattan Beach View Home with an East Coast Charm 815 2nd Street, Manhattan Beach 5 Bedrooms | 6 Bathrooms | 4,722 sf | Ocean Views | Offered for $5,000,000 The ultimate in coastal luxury and location! Absolutely no expense was spared in creating this incredible Cape Cod meets SoCal home, which sits on an ultra-wide SW facing corner lot in the heart of Manhattan Beach’s coveted Hill Section.
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Palos Verdes Estates Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$1,408
$1,898
35%
Average Price Per Sq. Foot
591
588
-1%
Properties Sold
18
18
0%
Properties Pending Sales
12
22
83%
Properties for Sale
47
38
-19%
Days on Market (Sold Homes)
51
91
78%
Monthly Supply of Inventory
2.6
2.1
-19%
Absorption Rate (closed sales)
38.3
47.4
24%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $3,000
$1,675 $1,408
$1,440
$1,898
$1,860
$1,725
$1,408
$1,400
$1,480
$1,550
$1,600
$1,160
2014 Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$1,800,333
Average Sales Price (Closed)
$2,374,667
Sold 18
Listings for Sale
Active 38
38 Under Contract
Pending 22
22 Sold
18
market insight
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Rancho Palos Verdes Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$889
$1,075
20.92%
Average Price Per Sq. Foot
489
592
21%
Properties Sold
40
47
18%
Properties Pending Sales
33
56
70%
Properties for Sale
96
114
19%
Days on Market (Sold Homes)
63
66
5%
Monthly Supply of Inventory
2.4
2.4
0%
Absorption Rate (closed sales)
41.7
41.2
-1%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,220 $1,025
$1,059
$1,088
$1,058
$1,100
$1,175 $1,011
$889
2014 Apr
14-May 14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov 14-Dec
$930
15-Jan
$1,018
$1,058
15-Feb 15-Mar
$1,075
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$1,142,167
Average Sales Price (Closed)
$1,300,250
Sold 47
Listings for Sale
114
Under Contract
Active 114 Pending 56
56
Sold
47
market insight
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Rolling Hills Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$2,925
$2,600
-11%
683
736
8%
Properties Sold
3
3
0%
Properties Pending Sales
0
6
--
Properties for Sale
19
13
-32%
Days on Market (Sold Homes)
141
97
-31%
Monthly Supply of Inventory
6.3
4.3
-32%
Absorption Rate (closed sales)
15.8
23.1
46%
Average Price Per Sq. Foot
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $5,725
$3,658
$3,300
$2,925
$2,785
$2,439
$3,148
$2,681
$2,845
$3,113
$3,400 $2,600
$-
2014 Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$3,218,250
Sold 3
Average Sales Price (Closed)
$3,384,417 Listings for Sale
13 Under Contract
Active 13 Pending 6
6
Sold
3
market insight
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Rolling Hills Estates Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$1,135
$1,320
16.30%
475
515
8%
Properties Sold
8
13
63%
Properties Pending Sales
18
17
-6%
Properties for Sale
24
19
-21%
Days on Market (Sold Homes)
43
55
28%
Monthly Supply of Inventory
3
1.5
-50%
Absorption Rate (closed sales)
33.3
68.4
105.4%
Average Price Per Sq. Foot
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,300 $1,135
$1,320
$1,280 $1,071
$1,053
$1,115 $1,017
$1,180 $1,050 $900
$925 $760
2014 Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$1,175,500
Average Sales Price (Closed)
$1,306,667
Sold 13 Active 19
Listings for Sale
19
Under Contract
17
Pending 17
Sold
13
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
Apr. 2014 Apr. 2015 % Change
Median Price
$1,013
$1,400
38%
Average Price Per Sq. Foot
832
998
20%
Properties Sold
65
57
-12%
Properties Pending Sales
64
90
41%
Properties for Sale
134
129
-4%
Days on Market (Sold Homes)
41
62
51%
Monthly Supply of Inventory
2.1
2.3
10%
Absorption Rate (closed sales)
48.5
44.2
-9%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,250 $1,013
2014 Apr
$1,500
$1,421
$1,385
$1,239
$1,183
$1,400 $1,272
$1,215
$1,000
14-May
$1,200 $998
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
14-Dec
15-Jan
15-Feb
15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$1,339,667
Average Sales Price (Closed)
$1,753,833
Sold 57
Listings for Sale
Active 129
129
Under Contract
Pending 90
90
Sold
57
market insight
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Culver City Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$756
$660
-13%
Average Price Per Sq. Foot
529
552
4%
Properties Sold
44
49
11%
Properties Pending Sales
36
49
36%
Properties for Sale
48
38
-21%
Days on Market (Sold Homes)
39
34
-13%
Monthly Supply of Inventory
1.1
0.8
-27%
Absorption Rate (closed sales)
91.7
128.9
41%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $756 $700 $570
14-May 14-Jun
$708
$692 $635
$610
$660
$575 $510
2014 Apr
$750
14-Jul
$505
$465
14-Aug 14-Sep
14-Oct 14-Nov 14-Dec
15-Jan
15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$678,000
Average Sales Price (Closed)
$729,583 Listings for Sale
Active 38 Sold 49
38 Under Contract
Pending 49
49 Sold
49
market insight
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Mar Vista Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$823
$928
13%
Average Price Per Sq. Foot
755
814
8%
Properties Sold
2
3
50%
Properties Pending Sales
2
2
50%
Properties for Sale
2
2
0%
Days on Market (Sold Homes)
41
32
-22%
Monthly Supply of Inventory
1
0.7
-30%
Absorption Rate (closed sales)
100
150
50%
* No sales recorded
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $2,000
$1,185 $823
$905
$850
14-May 14-Jun
$900
$848
$-
2014 Apr
$1,234
14-Jul
$-
$900
$928
$-
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan
15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$881,083
Average Sales Price (Closed)
$893,500
Active 2
Listings for Sale
2
Sold 3
Under Contract
Pending 2
2
Sold
3
market insight
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Marina Del Rey Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$773
$976
26%
Average Price Per Sq. Foot
580
649
12%
Properties Sold
29
27
-7%
Properties Pending Sales
34
32
-6%
Properties for Sale
95
66
-31%
Days on Market (Sold Homes)
62
99
60%
Monthly Supply of Inventory
3.3
2.4
-27%
Absorption Rate (closed sales)
30.5
40.9
34%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,400
$976 $773
$850
$825
$740
$790
$801
$758
$790
$760
$826
$846
2014 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar 2015 Apr Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$927,917
Average Sales Price (Closed)
$1,155,667
Sold 27
Listings for Sale
66 Under Contract
Active 66 Pending 32
32
Sold
27
market insight
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Playa Del Rey Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$512
$440
-14%
Average Price Per Sq. Foot
445
529
19%
Properties Sold
20
19
-5%
Properties Pending Sales
16
16
0%
Properties for Sale
40
17
-58%
Days on Market (Sold Homes)
76
55
-28%
Monthly Supply of Inventory
2
0.9
-55%
Absorption Rate (closed sales)
50
111.8
124%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,030 $900
$512
2014 Apr
$525
14-May 14-Jun
$507
14-Jul
$506
14-Aug
$539
14-Sep
$505
14-Oct
$518
$509
14-Nov 14-Dec
$519
$555 $440
15-Jan
15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$630,417
Average Sales Price (Closed)
$815,333
Active 17
Sold 19
Listings for Sale
17
Under Contract
Pending 16
16
Sold
19
market insight
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Westchester Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$810
$590
-27%
Average Price Per Sq. Foot
500
503
1%
Properties Sold
13
4
-69%
Properties Pending Sales
11
11
0%
Properties for Sale
17
5
-71%
Days on Market (Sold Homes)
44
75
70%
Monthly Supply of Inventory
1.3
1.3
0%
Absorption Rate (closed sales)
76.5
80
5%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $1,313
$810
$825 $725
$813
$850
$785
$790
$800
$782
$780
$826 $590
2014 Apr
14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov 14-Dec 15-Jan 15-Feb 15-Mar
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$890,750
Average Sales Price (Closed)
$920,333
Sold 4
Listings for Sale
5
Under Contract
Pending 11
11
Sold
5
market insight
Active 5
CC
Playa Vista Year Over Year
Apr. 2014 Apr. 2015 % Change
Median Price
$719
$775
8%
Average Price Per Sq. Foot
451
507
12%
Properties Sold
14
13
-7%
Properties Pending Sales
12
12
0%
Properties for Sale
10
7
-30%
Days on Market (Sold Homes)
69
36
-48%
Monthly Supply of Inventory
0.7
0.5
-29%
Absorption Rate (closed sales)
140
185.7
33%
Apr. 2014 to Apr. 2015 Yearly Median Price Tracking (in $,000) $975
$935 $865
$719
2014 Apr
$769
14-May 14-Jun
$769
14-Jul
$715
$743
14-Aug 14-Sep
$745
$753
14-Oct 14-Nov 14-Dec
$773
15-Jan
$785
15-Feb 15-Mar
$775
2015 Apr
Caskey & Caskey
Key April Stats
Median Sales Price
$860,083
Average Sales Price (Closed)
$955,000
Listings for Sale
Active 7 Sold 13
7
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