market insight
Market Insight 2014_August SouthBay PalosVerdes and Select Westside
Manhattan Beach 917 Manhattan Beach Blvd.
Manhattan Beach 3300 Highland Avenue
Manhattan Beach 916 Manhattan Avenue
Caskey & Caskey
Hermosa Beach 950 Artesia Blvd.
market insight
Redondo Beach 1009 Torrance Blvd.
El Segundo 431 Main Street
Palos Verdes Estates 16 Malaga Cove Plaza
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Insight Guidance
Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo and Torrance. The Palos Verdes Market Insight report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates, (Palos Verdes Peninsula number are too small for meaningful tracking data), Santa Monica, Culver City, Mar Vista, Marina Del Rey, Westchester, Playa Del Rey and Playa Vista. First, we examine Year Over Year statistics, compiled from carefully collected sales data. Percent change—which was calculated by subtracting past value from current value, and dividing that product by past value—gives you a quick snapshot of how each micro-market has improved or worsened over the past year for that particular metric. Next, the Yearly Median Price graph tracks the median price of properties for each month over the past year. The median price is not the same as average price; it is the price of the property that falls in the middle of the total number of properties for sale in that particular micro-market. Finally, the Key Stats section illustrates Median Sales Price, Average Sales Price of Closed Sales, Listings for Sale, Listings Under Contract, and Properties Sold. On the next page you will find an explanation of how each value was determined.
were added. This is calculated by dividing Not to be confused with Average Price, the total number of homes for sale in Median Price is the price of the property a particular month by the number of that falls in the middle of the total homes that sold in that month. Four to number of properties for sale in that five months’ supply is average. A smaller particular micro-market. Extremely high number means there are more buyers and extremely low prices do not affect than sellers; a larger number means more the median the way they do the average. sellers than buyers. MEDIAN PRICE:
AVERAGE PRICE PER SQUARE FOOT:
Found by taking the price of each property and dividing that by its square footage, then finding the average for all properties sold in the area that month. PROPERTIES SOLD:
The number of properties that closed escrow and changed ownership during the month. PROPERTIES UNDER CONTRACT:
The number of properties that are in escrow. PROPERTIES FOR SALE:
The number of properties that are for sale on the market.
ABSORPTION RATE (CLOSED SALES):
This is the rate at which properties sell. It is found by taking the number of properties sold and dividing it by the total number of properties for sale. This measures the inverse of Monthly Supply of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory. PERCENT UNDER CONTRACT:
The ratio of properties for sale to properties pending sale. AVERAGE MEDIAN PRICE:
DAYS ON MARKET (CLOSED SALES):
The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month
MONTHS SUPPLY OF INVENTORY:
LEGAL All reports are published September 2014, based on data available at the end of August 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 Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $1,685,000 $1,900,000 13% $710 $909 28% 40 39 -3% 33 34 3% 55 68 24% 38 37 -3% 1.4 1.7 21% 72.7% 57.4% -21%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $2,152
$1,987 $1,685 $1,705
$1,953 $1,717
$1,520
$1,850
$1,995
$1,890 $1,928 $1,900
$1,395
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,973,080
Average Sales Price (Closed)
$2,275,670 Listings for Sale
68 Under Contract
Sold, 39 Active, 68
Pending, 34
34 Sold
39
market insight
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Hermosa Beach Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $1,208,000 $1,430,000 13% $697 $913 31% 30 17 -43% 15 21 40% 37 35 -5% 50 49 -2% 1.2 2.1 75% 81.1% 48.6% -40
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $1,460
$1,300
$1,208 $1,065
$1,430
$1,345 $1,230 $1,114
$1,101
$1,023
$1,113 $1,000
$878
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,272,250
Average Sales Price (Closed)
$1,548,670
Sold, 17
Listings for Sale
35
Active, 35 Pending, 21
Under Contract
21 Sold
17
market insight
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Redondo Beach Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $795,000 $845,000 6% $439 $487 11% 97 85 -12% 89 80 -10% 133 141 6% 39 46 18% 1.4 1.7 21% 72.9% 60.3% -17%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $795
$763
$750
$780 $715
$770
$756
$820
$788 $730
$875
$845
$719
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$842,170
Average Sales Price (Closed)
$896,670
Sold, 85
Listings for Sale
Active, 141
141
Under Contract
Pending, 80
80
Sold
85
market insight
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El Segundo Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $719,000 $912,000 27% $416 $473 14% 12 10 -17% 12 25 108% 17 18 6% 91 74 -19% 1.4 1.8 29% 70.6% 55.6% -21%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $719
$755
$803 $719
$743
$800
$854
$872
$845 $723
$912
$775 $694
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$851,170
Average Sales Price (Closed)
$862,250
Sold 10 Active 18
Listings for Sale
18 Under Contract
Pending 25
25 Sold
10
market insight
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Torrance Year Over Year
Aug. 2013 Aug. 2014 % Change $551,000 $600,000 9% $370 $398 8% 121 116 -4% 113 120 6% 191 225 18% 37 46 24% 1.6 1.9 19% 63.4% 51.6% -19%
Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $600
$570 $555
$551
$555
$550
$545
$539 $515
$530
$523
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan
$532
$512
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$589,750
Average Sales Price (Closed)
$620,580
Sold 116
Listings for Sale
225 Under Contract
Active 225
Pending 120
120 Sold
116
market insight
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Hawthorne Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $459,000 $528,000 15% $310 $367 18% 35 32 -9% 47 78 66% 42 36 -17% 42 36 -14% 1.3 2.4 85% 74.5% 41% -45%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $528 $459
$445
$428
$459 $399
$444 $400
$473 $435
$465
$475
$349
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$479,920
Average Sales Price (Closed)
$496,000
Sold 32
Listings for Sale
78
Active 78 Pending 30
Under Contract
30 Sold
32
market insight
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Lawndale Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $365,000 $381,000 4% $296 $316 7% 14 5 -64% 14 16 14% 20 22 10% 32 65 103% 1.4 4.4 214% 70% 22.7% -68%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $488
$435 $365
$422 $388 $335
$365
$395
$366
$423
$415 $381
$335
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$426,080
Average Sales Price (Closed)
Sold 5
$424,670 Listings for Sale
22
Active 22 Pending 16
Under Contract
16 Sold
5
market insight
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Lomita Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes)
Aug. 2013 Aug. 2014 % Change $440,000 $550,000 25% $282 $312 11% 11 13 18% 6 10 67% 28 33 18% 70 73 4%
Monthly Supply of Inventory
2.5
2.5
--
Absorption Rate (closed sales)
39.3%
39.4%
0%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $560 $502 $440
$430
$430
$551
$517 $475 $400
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan
$550
$478
$447 $381
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$513,420
Average Sales Price (Closed)
$510,750
Sold 13
Listings for Sale
33
Pending 10
Under Contract
10 Sold
13
market insight
Active 33
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Gardena Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $354,000 $388,000 10% $252 $285 13% 39 30 -23% 36 32 -11% 67 76 13% 44 60 36% 1.7 2.5 47% 58.2% 39.5% -32%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $415 $405 $395 $388
$382 $375
$371 $354
$355
$360
$375
$365 $356
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$408,000
Average Sales Price (Closed)
$400,830
Sold 30
Listings for Sale
76
Active 76 Pending 32
Under Contract
32 Sold
30
market insight
CASKEY & CASKEY
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
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 Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $1,695,000 $1,725,000 2% $602 $725 20% 17 22 29% 21 12 -43% 35 64 83% 76 55 -28% 2.1 2.9 38% 48.6% 34.4% -29%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $1,695 $1,490
13-Aug
13-Sep
$1,464
13-Oct
$1,500
13-Nov
$1,598
$1,710
$1,695 $1,425
13-Dec
14-Jan
14-Feb
$1,675 $1,408
14-Mar
14-Apr
$1,440
14-May
$1,725
$1,408
14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,686,080
Average Sales Price (Closed)
$1,967,080
Sold 22
Listings for Sale
64
Pending 12 Active 64
Under Contract
12 Sold
22
market insight
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Rancho Palos Verdes Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $1,065,000 $1,088,000 2% $466 $514 10% 56 40 10% 48 44 -8% 113 153 35% 35 57 63% 2 3.8 90% 49.6% 26.1% -47%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $1,220 $1,065
$1,075
$1,060 $934
13-Aug
13-Sep
13-Oct
$1,100
13-Nov 13-Dec
$1,025
$1,010
$996
$915
14-Jan
$1,059
$1,088
$889
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,119,670
Average Sales Price (Closed)
$1,285,330 Listings for Sale
153
Sold 40
Pending 47 Active 153
Under Contract
47 Sold
40
market insight
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Rolling Hills Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $5,200,000 $2,681,000 -48% $433 $809 87% 1 2 100% 5 1 -80% 13 19 46% 200 36 -82% 13 9.5 -27% 7.7 10.5 36%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $5,725 $5,200
$5,000
$2,925 $2,525
$2,785
$2,439
$2,175
$2,681
$1,481
$-
13-Aug
13-Sep
13-Oct
13-Nov
$-
13-Dec
14-Jan
14-Feb
$-
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$2,744,670
Sold 2
Average Sales Price (Closed)
$2,799,000
Pending 1
Listings for Sale
19 Under Contract
Active 19
1 Sold
2
market insight
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Rolling Hills Estates Year Over Year
Aug. 2013 Aug. 2014 % Change $1,022,000 $1,017,000 -0% $487 $495 2%
Median Price Average Price Per Sq. Foot Properties Sold
14
14
--
Properties Pending Sales
22
22
--
Properties for Sale
27
39
Days on Market (Sold Homes)
102
50
Monthly Supply of Inventory
1.9
2.8
Absorption Rate (closed sales)
51.9%
35.9%
44% -51% 47% -31%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $1,300
$1,022
$1,101
$1,300 $1,135
$1,085
$1,043
$1,071
$1,053
$1,017
$840
$783
$368
13-Aug
13-Sep
13-Oct
13-Nov
13-Dec
14-Jan
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,093,170
Average Sales Price (Closed)
$1,188,330
Sold 14
Listings for Sale
39
Active 39 Pending 22
Under Contract
22
Sold
14
market insight
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Caskey & Caskey Finer Home Specialists
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copyright 2014 Caskey & Caskey and Shorewood Realtors
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Santa Monica Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $1,230,000 $1,183,000 -4% $761 $951 25% 74 78 5% 64 78 22% 110 161 46% 42 48 14% 1.5 2.1 40% 67.3% 48.4% -20%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $1,385 $1,230 $1,066
13-Aug
$1,250
$1,165
13-Sep
$1,013
$1,005
13-Oct
$890
$875
13-Nov
13-Dec
$1,000
$899
$817
14-Jan
$1,183
14-Feb
14-Mar
14-Apr
14-May
14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$1,148,170
Average Sales Price (Closed)
$1,542,750
Sold 78
Listings for Sale
Active 161
161
Under Contract
Pending 78
78
Sold
78
market insight
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Culver City Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $620,000 $486,000 -22% $451 $486 8% 55 34 -38% 63 48 -24% 45 61 36% 39 53 36% 0.8 1.8 125% 122.2% 55.7% -54%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $765
$756 $693
$620
$595
13-Aug 13-Sep
$597
13-Oct
$576
13-Nov 13-Dec
$565
14-Jan
$570
$610
$516
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$510
14-Jul
$486
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$654,920
Average Sales Price (Closed)
$685,920
Sold 34
Listings for Sale
Active 61
61 Under Contract
Pending 48
48 Sold
34
market insight
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Mar Vista Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $542,000 $848,000 56% $510 $607 19% 3 4 33% 1 3 200% 2 5 150% 8 21 163% 0.7 1.3 86% 150% 80% -47%
* No sales recorded
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $905
$823
$787
$542
$848
$750
$487
$470
$-
$850
$-
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec
$-
14-Jan
14-Feb 14-Mar 14-Apr 14-May 14-Jun
$-
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$538,500
Average Sales Price (Closed)
$551,920
Sold 4
Listings for Sale
Active 5
5
Under Contract
Pending 3
3
Sold
4
market insight
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Marina Del Rey Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $675,000 $783,000 16% $533 $496 -7% 39 26 -33% 29 24 -17% 101 80 -21% 78 81 4% 2.6 3.1 19% 38.6% 32.5% -16%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $844
$675
$843
$800 $728 $670
$850 $773
$772 $705
$825 $740
$783
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun 14-Jul 14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$834,000
Average Sales Price (Closed)
$1,041,420
Sold 26
Listings for Sale
80
Pending 24
Under Contract
24
Sold
26
market insight
Active 80
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Playa Del Rey Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $478,000 $507,000 6% $447 $481 8% 22 13 -41% 26 18 -31% 38 40 5% 34 46 35% 1.7 3.1 82% 57.9% 32.5% -44%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $900
$757
$478
$495
13-Aug
13-Sep
$525 $445
13-Oct
$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
Caskey & Caskey
Key AugustStats
Median Sales Price
$593,580
Average Sales Price (Closed)
$752,330
Sold 13
Listings for Sale
40
Pending 18
Under Contract
18
Sold
13
market insight
Active 40
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Westchester Year Over Year
Aug. 2013 Aug. 2014 % Change $855,000 $850,000 -1% $416 $566 36% 7 10 43% 16 5 -69% 23 16 -30% 31 45 45% 3.3 1.6 -52% 30.4% 62.5% 106%
Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $970
$855 $765
$749
$825
$780 $692
$781
$810
$825
$813
$850
$725
13-Aug 13-Sep 13-Oct 13-Nov 13-Dec 14-Jan 14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$870,000
Average Sales Price (Closed)
$908,580
Sold 8 Active 11
Listings for Sale
16
Under Contract
5
Pending 7
Sold
10
market insight
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Playa Vista Year Over Year Median Price Average Price Per Sq. Foot Properties Sold Properties Pending Sales Properties for Sale Days on Market (Sold Homes) Monthly Supply of Inventory Absorption Rate (closed sales)
Aug. 2013 Aug. 2014 % Change $638,000 $730,000 14% $413 $462 12% 24 13 -46% 15 9 -40% 23 25 9% 52 45 -13% 1 1.9 90% 104.3% 52% -50%
Aug. 2013 to Aug. 2014 Yearly Median Price Tracking (in $,000) $975
$638
13-Aug
$698
$725 $619
13-Sep
13-Oct
$668
13-Nov 13-Dec
$725 $649
14-Jan
$719
$769
$769
$730
$641
14-Feb 14-Mar 14-Apr 14-May 14-Jun
14-Jul
14-Aug
Caskey & Caskey
Key AugustStats
Median Sales Price
$770,080
Average Sales Price (Closed)
$798,000
Sold 13
Listings for Sale
Active 25
25
Under Contract
Pending 9
9
Sold
13
market insight
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Caskey Caskey & CC The Strand | The Hill | The Sand | The Trees | Estate Homes | Walk Streets
Year Over Year
Jan. 2013
Jan. 2014 % Change
Manhattan Beach Real Estate
01075 98999 , E# 011 CalBR
Jennifer & Dave Caskey (310) 200-1960 Dave@CaskeyAndCaskey.com
946
Living here in Manhattan Beach with its glistening sandy beaches, lovely tree-lined streets, exceptional schools, and charming small town feel, it’s easy to see why this beautiful beach front community is called “The Pearl of the South Bay.” Looking for a Manhattan Beach expert? Look no further than Caskey & Caskey, Manhattan Beach’s top-selling team. Our experience, connections, market knowledge and attention to detail are what set us apart. Call today for your free home evaluation!
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