market insight
Market Insight 2014_December 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
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 December 2014, based on data available at the end of November 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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Manhattan Beach Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$1,987
$2,200
10.7%
Average Price Per Sq. Foot
852
1230
44%
Properties Sold
30
35
17%
Properties Pending Sales
30
32
7%
Properties for Sale
33
42
27%
Days on Market (Sold Homes)
82
65
-21%
Monthly Supply of Inventory
1.1
1.2
9%
Absorption Rate (closed sales)
90.9
83.3
-8%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $2,152
$1,987
$1,953 $1,717
$1,850
$1,995
$1,890 $1,928 $1,948
$2,108
$2,200
$1,710
$1,395
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$2,069,420
Average Sales Price (Closed)
$2,466,580 Listings for Sale
Active, 42 Sold, 35
42 Under Contract
Pending, 32
32 Sold
35
market insight
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Hermosa Beach Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$1,114
$1,437
29%
Average Price Per Sq. Foot
863
854
-1%
Properties Sold
20
12
-40%
Properties Pending Sales
20
18
-10%
Properties for Sale
33
30
-9%
Days on Market (Sold Homes)
68
50
-26%
Monthly Supply of Inventory
1.7
2.5
47%
Absorption Rate (closed sales)
60.6
40
-34%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,480
$1,460
$1,437
$1,345
$1,268
$1,230 $1,114
$1,101
$1,023
$1,113 $1,000
$1,095
$878
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$1,295,330
Average Sales Price (Closed)
$1,501,830
Sold, 12
Listings for Sale
30
Pending, 18
Under Contract
18 Sold
12
market insight
Active, 30
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Redondo Beach Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$715
$785
10%
Average Price Per Sq. Foot
431
471
9.28%
Properties Sold
55
63
15%
Properties Pending Sales
58
82
41%
Properties for Sale
119
88
-26%
Days on Market (Sold Homes)
49
60
22%
Monthly Supply of Inventory
2.2
1.4
-36%
Absorption Rate (closed sales)
46.2
71.6
55%
Nov. 2013 to Nov. 2014 Yearly Median$875 Price Tracking (in $,000) $780 $715
$770
$756
$820
$788 $730
$845
$793
$821
$785
$719
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$849,750
Average Sales Price (Closed)
$915,080
Sold, 63 Active, 88
Listings for Sale
88
Under Contract
Pending, 82
82
Sold
63
market insight
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El Segundo Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$719
$838
17%
Average Price Per Sq. Foot
460
557
21%
Properties Sold
11
6
-45%
Properties Pending Sales
8
13
63%
Properties for Sale
13
15
15%
Days on Market (Sold Homes)
29
28
-3%
Monthly Supply of Inventory
1.2
2.5
108%
Absorption Rate (closed sales)
84.6
40
-53%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $949 $719
$743
$800
$854
$872
$845 $723
$808
$775
$838
$694 $522
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$845,170
Average Sales Price (Closed)
$878,670
Sold 6
Listings for Sale
15
Active 15
Pending 13
Under Contract
13 Sold
6
market insight
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Torrance Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$515
$585
14%
Average Price Per Sq. Foot
359
397
11%
Properties Sold
96
91
-5%
Properties Pending Sales
106
100
-6%
Properties for Sale
146
189
29%
Days on Market (Sold Homes)
62
52
-16%
Monthly Supply of Inventory
1.5
2.1
40%
Absorption Rate (closed sales)
65.8
48.1
-27%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $600
$589
$585
$570 $555
$550
$545
$515
$530
$523
13-Nov 13-Dec 14-Jan
$544 $535
$512
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$596,080
Average Sales Price (Closed)
$621,830
Sold 91
Listings for Sale
189 Under Contract
Active 189
Pending 100
100 Sold
91
market insight
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Hawthorne Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$428
$426
0%
Average Price Per Sq. Foot
309
322
4%
Properties Sold
22
28
27%
Properties Pending Sales
30
27
-10%
Properties for Sale
66
69
5%
Days on Market (Sold Homes)
49
57
16%
Monthly Supply of Inventory
3
2.5
-17%
Absorption Rate (closed sales)
33.3
40.6
22%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $528 $428
$459 $399
$444 $400
$473 $435
$465
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
$475
$490
$458
$426
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$490,000
Average Sales Price (Closed)
$506,750
Sold 28
Listings for Sale
69
Active 69 Pending 27
Under Contract
27 Sold
28
market insight
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Lawndale Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$335
$447
33%
Average Price Per Sq. Foot
309
399
29%
Properties Sold
6
10
67%
Properties Pending Sales
7
14
100%
Properties for Sale
28
24
-14%
Days on Market (Sold Homes)
31
60
94%
Monthly Supply of Inventory
4.7
2.4
-49%
Absorption Rate (closed sales)
21.4
41.7
95%
Nov. 2013 to Nov. 2014 Yearly$488 Median Price Tracking (in $,000) $422 $335
$365
$395
$366
$423
$451 $417
$415
$447
$383
$335
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$436,830
Average Sales Price (Closed)
$430,580
Sold 10
Listings for Sale
24
Under Contract
Active 24 Pending 14
14
Sold
10
market insight
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Lomita Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$430
$500
-7%
Average Price Per Sq. Foot
352
292
11%
Properties Sold
12
11
78%
Properties Pending Sales
7
6
114%
Properties for Sale
22
17
0%
Days on Market (Sold Homes)
61
93
18%
Monthly Supply of Inventory
1.8
1.5
-45%
Absorption Rate (closed sales)
54.5
64.7
78%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $517
$502 $430
$551
$475 $400
13-Nov 13-Dec 14-Jan
$478
$447
$550
$570
$520
$500
$381
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$526,750
Average Sales Price (Closed)
$531,170 Listings for Sale
Sold 16
Active 18
17 Under Contract
Pending 15
6 Sold
11
market insight
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Gardena Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$371
$388
5%
Average Price Per Sq. Foot
277
281
1%
Properties Sold
38
31
-18%
Properties Pending Sales
38
41
8%
Properties for Sale
74
54
-27%
Days on Market (Sold Homes)
49
64
31%
Monthly Supply of Inventory
1.9
1.7
-11%
Absorption Rate (closed sales)
51.4
57.4
12%
Nov. 2013 to Nov. 2014 Yearly Median $416 Price Tracking (in $,000) $405
$399
$395
$375
$371
$388
$383
$382 $375
$365
$365
$356
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$414,580
Average Sales Price (Closed)
$407,670
Sold 31
Listings for Sale
Active 54
54 Under Contract
Pending 41
41 Sold
31
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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Palos Verdes Estates Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$1,500
$1,860
24%
Average Price Per Sq. Foot
560
713
27%
Properties Sold
14
11
-21%
Properties Pending Sales
11
10
-9%
Properties for Sale
32
57
78%
Days on Market (Sold Homes)
91
146
60%
Monthly Supply of Inventory
2.3
5.2
126%
Absorption Rate (closed sales)
43.8
19.3
-56%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $3,000
$1,500
$1,598
$1,710
$1,695 $1,425
$1,675 $1,408
$1,440
$1,860
$1,725
$1,408 $1,160
13-Nov
13-Dec
14-Jan
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$1,800,330
Average Sales Price (Closed)
$2,251,250 Listings for Sale
Sold 11
Pending 10
57
Active 57
Under Contract
10 Sold
11
market insight
CC
Rancho Palos Verdes Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$1,060
$1,011
-4.62%
Average Price Per Sq. Foot
496
440
-11%
Properties Sold
41
34
-17%
Properties Pending Sales
35
40
14%
Properties for Sale
98
106
8%
Days on Market (Sold Homes)
69
67
-3%
Monthly Supply of Inventory
2.4
3.1
29%
Absorption Rate (closed sales)
41.8
32.1
-23%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,220 $1,060
$1,100 $1,010
$996
13-Nov 13-Dec
$1,025
$915
14-Jan
$1,059
$1,088
$1,058
$1,095
$1,011
$889
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$1,127,170
Average Sales Price (Closed)
$1,316,920
Sold 34
Listings for Sale
106
Pending 40
Under Contract
40
Sold
34
market insight
Active 106
CC
Rolling Hills Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$-
$3,148
--
Average Price Per Sq. Foot
0
833
--
Properties Sold
0
4
--
Properties Pending Sales
2
7
250%
Properties for Sale
12
15
25%
Days on Market (Sold Homes)
0
68
--
Monthly Supply of Inventory
12
3.8
-68%
Absorption Rate (closed sales)
0
26.7
--
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $5,725 $5,000
$3,300 $2,925 $2,439
$2,175
$-
13-Nov
$-
13-Dec
$2,785
14-Jan
14-Feb
$2,681
$-
14-Mar
$3,148
$-
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$2,514,830
Sold 4
Average Sales Price (Closed)
$2,555,080 Listings for Sale
15
Active 15
Under Contract
7
Pending 7
Sold
4
market insight
CC
Rolling Hills Estates Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$1,300
$1,180
-9.23%
Average Price Per Sq. Foot
491
471
-4%
Properties Sold
10
3
-70%
Properties Pending Sales
8
13
63%
Properties for Sale
19
27
42%
Days on Market (Sold Homes)
71
46
-35%
Monthly Supply of Inventory
1.9
9
374%
Absorption Rate (closed sales)
52.6
11.1
-78.9%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,300
$1,300 $1,135
$1,085
$1,071
$1,053
$1,115 $1,017
$1,180 $1,050
$840
$783
$368
13-Nov
13-Dec
14-Jan
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$1,108,080
Average Sales Price (Closed)
Sold 3
$1,194,250
Listings for Sale
Pending 13
27
Active 27
Under Contract
13
Sold
3
market insight
CC
Santa Monica Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$890
$1,190
34%
Average Price Per Sq. Foot
719
957
33%
Properties Sold
55
48
-13%
Properties Pending Sales
43
66
53%
Properties for Sale
119
125
5%
Days on Market (Sold Homes)
48
52
8%
Monthly Supply of Inventory
2.2
2.6
18%
Absorption Rate (closed sales)
46.2
38.4
-17%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,421
$1,385 $1,250
$1,165 $1,013 $890
$875
13-Nov
13-Dec
$1,190
$1,000
$899
$817
14-Jan
$1,239
$1,183
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
14-Sep
14-Oct
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$1,193,920
Average Sales Price (Closed)
$1,601,920
Sold 48
Listings for Sale
125
Under Contract
Active 125 Pending 66
66
Sold
48
market insight
CC
Culver City Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$576
$575
0%
Average Price Per Sq. Foot
453
444
-2%
Properties Sold
24
27
13%
Properties Pending Sales
27
31
15%
Properties for Sale
47
58
23%
Days on Market (Sold Homes)
48
47
-2%
Monthly Supply of Inventory
2
2.1
5%
Absorption Rate (closed sales)
51.1
46.6
-9%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $765
$756 $700
$693 $576
13-Nov 13-Dec
$565
14-Jan
$570
$738
$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
Caskey & Caskey
Key December Stats
Median Sales Price
$669,920
Average Sales Price (Closed)
$697,250
Sold 27
Listings for Sale
Active 58
58 Under Contract
Pending 31
31 Sold
27
market insight
CC
Mar Vista Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$-
$1,234
--
Average Price Per Sq. Foot
0
803
--
Properties Sold
0
1
--
Properties Pending Sales
0
1
0%
Properties for Sale
3
4
33%
Days on Market (Sold Homes)
0
55
--
Monthly Supply of Inventory
3
4
33%
Absorption Rate (closed sales)
0
25
--
* No sales recorded
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,185
$787
$823
$750
$905
$850
$1,234
$848
$487
$-
13-Nov 13-Dec
$-
14-Jan
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$-
14-Jul
$-
14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$655,750
Average Sales Price (Closed)
$659,000
Sold 1
Listings for Sale
4
Pending 1
Under Contract
1
Sold
1
market insight
Active 3
CC
Marina Del Rey Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$728
$780
7%
Average Price Per Sq. Foot
528
559
6%
Properties Sold
22
35
59%
Properties Pending Sales
25
24
-4%
Properties for Sale
103
64
-38%
Days on Market (Sold Homes)
53
119
125%
Monthly Supply of Inventory
4.7
1.8
-62%
Absorption Rate (closed sales)
21.4
54.7
156%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $800 $728 $670
$850
$773
$772 $705
$825 $740
$790
$801
$758
$780
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$832,670
Average Sales Price (Closed)
$1,063,420
Sold 35
Listings for Sale
64
Under Contract
Active 64
Pending 24
24
Sold
35
market insight
CC
Playa Del Rey Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$525
$518
-1%
Average Price Per Sq. Foot
537
482
-10%
Properties Sold
16
15
-6%
Properties Pending Sales
17
14
-18%
Properties for Sale
25
30
20%
Days on Market (Sold Homes)
60
65
8%
Monthly Supply of Inventory
1.6
2
25%
Absorption Rate (closed sales)
64
50
-22%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $900 $757
$525
$490
13-Nov 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
$493
14-Oct
$518
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$604,580
Average Sales Price (Closed)
$774,000
Sold 15
Listings for Sale
30
Under Contract
Active 30
Pending 14
14
Sold
15
market insight
CC
Westchester Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$780
$745
-4%
Average Price Per Sq. Foot
530
523
-1%
Properties Sold
11
8
-27%
Properties Pending Sales
12
6
-50%
Properties for Sale
11
6
-45%
Days on Market (Sold Homes)
68
47
-31%
Monthly Supply of Inventory
1
0.8
-20%
Absorption Rate (closed sales)
100
133.3
33%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $1,313
$970 $825
$780 $692
$781
$810
$825
$813 $725
13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
$850
$823
$745
14-Aug 14-Sep 14-Oct 14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$912,670
Average Sales Price (Closed)
$959,170
Listings for Sale
Active 6 Sold 8
5
Under Contract
Pending 6
6
Sold
8
market insight
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Playa Vista Year Over Year
Nov. 2013 Nov. 2014 % Change
Median Price
$619
$865
40%
Average Price Per Sq. Foot
429
479
12%
Properties Sold
13
11
-15%
Properties Pending Sales
9
12
33%
Properties for Sale
10
15
50%
Days on Market (Sold Homes)
54
61
13%
Monthly Supply of Inventory
0.8
1.4
75%
Absorption Rate (closed sales)
130
73.3
-44%
Nov. 2013 to Nov. 2014 Yearly Median Price Tracking (in $,000) $975 $865
$619
$668
13-Nov 13-Dec
$725 $649
14-Jan
$719
$769
$769
$715
$743
$745
14-Sep
14-Oct
$641
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
14-Nov
Caskey & Caskey
Key December Stats
Median Sales Price
$800,170
Average Sales Price (Closed)
$843,500
Sold 11 Active 15
Listings for Sale
15
Under Contract
12
Pending 12
Sold
11
market insight
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Caskey & Caskey Finer Home Specialists
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copyright 2014 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 2014 Caskey & Caskey and Shorewood Realtors