Vol. 5 | June 2019
Market Intelligence Report South Bay Edition Delivering the facts and trends of the most relevant market activities as they unfold in the South Bay real estate communities
RE/MAX Estate Properties 650+ Local Agents • 14 Offices • Luxury Residential Commercial Investment Division • International Lic # 00450665, 00402754, 01879720
MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
BROKER ASSOCIATE | DRE# 00645041
36 YEARS IN THE SOUTH BAY
310.717.4432
mauricerealtor@gmail.com
REALTOR® | DRE# 01762501
310.493.2100 Daniel@LiveInLA.net
www.LiveInLA.net
“Call us today, it’s your move!”
South Bay Market Intelligence RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay. El Segundo..............................................................4 Hawthorne..............................................................5 Hermosa Beach......................................................6 Lomita.....................................................................7 Manhattan Beach...................................................8 Palos Verdes Estates..............................................9 Rancho Palos Verdes............................................10 Redondo Beach....................................................11 Rolling Hills ..........................................................12 Rolling Hills Estates .............................................13 San Pedro.............................................................14 Torrance................................................................15
Market Intelligence Glossary Median Price:
Median Price is the price of the property that falls in the middle of the total number of properties Sold in any given month.
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.
Properties for Sale: The number of properties that are for sale on the market.
Properties Under Contract:
The number of properties with an accepted offer however they have not closed.
Properties Sold: The number of properties that SOLD and transfered ownership.
DAYS On Market (Closed Sales):
The average number of days that properties were on ACTIVE on the market.
Months Supply Of Inventory:
This is calculated by dividing the total number of homes for sale in a particular month by the number of homes that sold in that month.
Properties Pending sale:
The number of properties placed in escrow during any given month.
Absorption rate (closed sales):
This is the rate at which properties sell. It is the number of properties sold divided by the total number of properties for sale.
Report Notes:
Reports published in June 2019 are based on data available at the end of May 2019. All reports presented are based on data supplied by the CRMLS or TheMLS and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.
El Segundo MAY STATS Key Facts:
$1,147,000
Median Sold Price
$1,287,000
Average Sold Price
22
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$1,065
$1,147
8%
$725
$602
-17%
Average Price Per Sq. Foot Properties for Sale
18
22 22%
Properties Pending Sales
18
12 -33%
Properties Sold
12
25 108%
Days on Market (Sold Homes)
24
62 158%
Monthly Supply of Inventory
1.5
0.9 -40%
Absorption Rate (closed sales) 66.7 113.6 70%
Listings for Sale
12
Listings Pending
AVERAGE & MEDIAN PRICE $3,500 $1,800
$1,600 $3,000
25
Listings Sold
$1,287
$1,400 $2,500
$1,147
$1,200 $2,000 $1,000
62
Days On Market
$2,593
$1,655
$1,500$800
$600 $1,000 $400 $500 $200 $-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Hawthorne MAY STATS Key Facts:
$640,000
Median Sold Price
$711,000
Average Sold Price
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$660
$640
-3%
Average Price Per Sq. Foot
$500
$487
-3%
Properties for Sale
44
53 20%
Properties Pending Sales
39
48 23%
Properties Sold
46
41 -11%
Days on Market (Sold Homes)
26
42 62%
1
1.3 30%
Monthly Supply of Inventory
53
Absorption Rate (closed sales) 104.5 77.4 -26%
Listings for Sale
48
Listings Pending
AVERAGE & MEDIAN PRICE $800
$711
$3,500
$700
$640
$3,000
$600
41
$2,593 $2,500
Listings Sold $2,000
42
Days On Market
$1,500
$500 $400
$1,655
$300
$1,000 $200 $500 $100
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Hermosa Beach MAY STATS Key Facts:
$1,243,000 Median Sold Price
$2,538,000
Average Sold Price
56
MAY MAY 2018 2019
Median Price (in $,000)
$1,687
$1,243
-26%
Average Price Per Sq. Foot
$953
$1,208
27%
Properties for Sale
57
56 -2%
Properties Pending Sales
22
22 0%
Properties Sold
20
12 -40%
Days on Market (Sold Homes) 34
49 44%
Monthly Supply of Inventory
2.9
4.7 62%
Absorption Rate (closed sales) 35.1
21.4 -39%
Listings for Sale $3,500
22
Listings Pending
% Change
AVERAGE & MEDIAN PRICE
$3,000 $3,500
$2,538
$3,000 $2,500
12
Listings Sold
$2,593 $2,500 $2,000 $2,000 $1,655 $1,243
$1,500
49
Days On Market
$1,500
$1,000 $1,000
$500 $500
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Lawndale MAY STATS Key Facts:
$681,000
Median Sold Price
$655,000
Average Sold Price
16
Median Price (in $,000)
$635
$681
7%
Average Price Per Sq. Foot
$394
$434
10%
Properties for Sale
16
16 0%
Properties Pending Sales
14
6 -57%
Properties Sold
13
12 -8%
Days on Market (Sold Homes)
39
36 -8%
Monthly Supply of Inventory
1.2
1.3 8%
Absorption Rate (closed sales) 81.3 75 -8%
Listings for Sale
6
Listings Pending
MAY MAY % 2018 2019 Change
AVERAGE & MEDIAN PRICE $655
$3,500$800
$681
$700 $3,000
12
Listings Sold
$600 $2,500
$2,593
$500 $2,000
$400
36
Days On Market
$1,655
$1,500 $300 $1,000 $200 $500$100 $- $-
May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Lomita MAY STATS Key Facts:
$685,000 Median Sold Price
$674,000
Average Sold Price
21
MAY MAY 2018 2019
Median Price (in $,000)
$512
$685
34%
Average Price Per Sq. Foot
$375
$451
20%
Properties for Sale
13
21 62%
Properties Pending Sales
13
18 38%
Properties Sold
10
13 30%
Days on Market (Sold Homes) 30
33 10%
Monthly Supply of Inventory
1.3
1.6 23%
Absorption Rate (closed sales) 76.9
61.9 -20%
Listings for Sale
18
Listings Pending
AVERAGE & MEDIAN PRICE $800 $3,500 $674 $700 $3,000
13
Listings Sold
Days On Market
$685
$600 $2,500
$2,593
$500 $2,000 $400
33
% Change
$1,655
$1,500 $300 $1,000 $200 $500 $100 $- $-
May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Manhattan Beach MAY STATS Key Facts:
$2,499,000
Median Sold Price
$2,748,000
Average Sold Price
128
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$2,774
$2,499
-10%
Average Price Per Sq. Foot
$1,060
$1,107
4%
Properties for Sale
92
128 39%
Properties Pending Sales
46
38 -17%
Properties Sold
38
45 18%
Days on Market (Sold Homes)
43
44 2%
Monthly Supply of Inventory
2.4
2.8 17%
Absorption Rate (closed sales) 41.3
35.2 -15%
Listings for Sale
38
Listings Pending
AVERAGE & MEDIAN PRICE $4,000 $3,500 $3,500 $3,000
45
Listings Sold
$2,748 $2,593
$3,000 $2,500 $2,500
$2,499
$2,000 $2,000
44
Days On Market
$1,655
$1,500 $1,500 $1,000 $1,000
$500 $500
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019
Median
Average
Palos Verdes Estates MAY STATS Key Facts:
$1,988,000
Median Sold Price
$2,506,000
Average Sold Price
89
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$1,693
$1,988
17%
Average Price Per Sq. Foot
$825
$802
-3%
Properties for Sale
63
89 41%
Properties Pending Sales
20
20 0%
Properties Sold
18
14 -22%
Days on Market (Sold Homes)
47
48 2%
Monthly Supply of Inventory
3.5
6.4 83%
Absorption Rate (closed sales) 28.6
15.7 -45%
Listings for Sale
20
Listings Pending
AVERAGE & MEDIAN PRICE $8,000 $3,500 $7,000 $3,000 $6,000
14
Listings Sold
$2,593 $2,500 $5,000 $2,000 $4,000
48
Days On Market
$1,655
$2,506
$1,500 $3,000
$1,988
$1,000 $2,000
$1,000 $500
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Rancho Palos Verdes MAY STATS Key Facts:
$1,478,000 Median Sold Price
$1,581,000
Average Sold Price
128
MAY MAY 2018 2019
Median Price (in $,000)
$1,369
$1,478
8%
Average Price Per Sq. Foot
$598
$590
-1%
Properties for Sale
93
128 38%
Properties Pending Sales
57
61 7%
Properties Sold
48
48 0%
Days on Market (Sold Homes) 37
40 8%
Monthly Supply of Inventory
1.9
2.7 42%
Absorption Rate (closed sales) 51.6
37.5 -27%
Listings for Sale
61
Listings Pending
% Change
AVERAGE & MEDIAN PRICE $1,800
$1,581
$3,500 $1,600
$1,478
$3,000 $1,400
48
Listings Sold
$2,593 $2,500$1,200
$1,000 $2,000 $1,655
$800
40
Days On Market
$1,500
$600 $1,000
$400
$500 $200 $-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Redondo Beach MAY STATS Key Facts:
$1,073,000 Median Sold Price
$1,177,000
Average Sold Price
108
MAY MAY 2018 2019
Median Price (in $,000)
$1,123
$1,073
-4%
Average Price Per Sq. Foot
$607
$623
3%
Properties for Sale
96
108 13%
Properties Pending Sales
77
89 16%
Properties Sold
68
78 15%
Days on Market (Sold Homes) 20
32 60%
Monthly Supply of Inventory
1.4 0%
Listings Pending
1.4
Absorption Rate (closed sales) 70.8 72.2 2%
Listings for Sale
89
AVERAGE & MEDIAN PRICE $1,400 $3,500 $1,177 $1,200 $3,000
78
Listings Sold
% Change
$1,073 $2,593
$1,000 $2,500 $2,000$800
$1,655
32
Days On Market
$1,500$600 $1,000$400 $500$200
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Rolling Hills MAY STATS Key Facts:
$3,800,000
Median Sold Price
$3,800,000
Average Sold Price
17
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$3,813
$3,800
0%
Average Price Per Sq. Foot
$695
$1,101
58%
Properties for Sale
37
17 -54%
Properties Pending Sales
2
1 -50%
Properties Sold
2
1 -50%
Days on Market (Sold Homes)
86
317 269%
Monthly Supply of Inventory
18.5 17 -8%
Absorption Rate (closed sales) 5.4 5.9 9%
Listings for Sale
1
Listings Pending
AVERAGE & MEDIAN PRICE $18,000 $3,500 $16,000 $3,000 $14,000
1
Listings Sold
317
Days On Market
$2,593 $2,500 $12,000
$10,000 $2,000 $1,655
$8,000 $1,500 $6,000
$3,800
$1,000 $4,000
$3,800
$500$2,000 $-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Rolling Hills Estates MAY STATS Key Facts:
$1,095,000 Median Sold Price
$1,161,000
Average Sold Price
30
MAY MAY 2018 2019
Median Price (in $,000)
$1,313
$1,095
-17%
Average Price Per Sq. Foot
$651
$557
-14%
Properties for Sale
24
30 25%
Properties Pending Sales
11
12 9%
Properties Sold
8
13 63%
Days on Market (Sold Homes) 26
21 -19%
Monthly Supply of Inventory
2.3 -23%
Listings Pending
3
Absorption Rate (closed sales) 33.3 43.3 30%
Listings for Sale
12
% Change
AVERAGE & MEDIAN PRICE $2,500 $3,500
$3,000 $2,000
13
Listings Sold
$2,593 $2,500
$1,500 $2,000
21
Days On Market
$1,161
$1,655 $1,095
$1,000 $1,500
$1,000
$500 $500
$-
$May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
Torrance MAY STATS Key Facts:
$810,000
Median Sold Price
$877,000
Average Sold Price
136
MAY MAY % 2018 2019 Change
Median Price (in $,000)
$868
$810
-7%
Average Price Per Sq. Foot
$540
$540
0%
Properties for Sale
131
136 4%
Properties Pending Sales
95
120 26%
Properties Sold
98
103 5%
Days on Market (Sold Homes)
21
22 5%
Monthly Supply of Inventory
1.3
1.3 0%
Absorption Rate (closed sales) 74.8 75.7 1%
Listings for Sale
120
Listings Pending
AVERAGE & MEDIAN PRICE $1,000 $3,500
$877 $900 $810
$3,000 $800
103
$2,500
Listings Sold
$600 $2,000
22
Days On Market
$2,593
$700
$500
$1,655
$1,500 $400
$1,000
$300 $200
$500
$-
$100 $May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 Median
Average
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MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
REALTOR® | DRE# 01762501
BROKER ASSOCIATE | DRE# 00645041
36 YEARS IN THE SOUTH BAY
310.717.4432
mauricerealtor@gmail.com
310.493.2100 www.LiveInLA.net
Daniel@LiveInLA.net
“Call us today, it’s your move!”
RE/MAX Estate Properties • 600+ Local Agents • 14 Offices • Luxury Residential International • Commercial Division BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212
HERMOSA BEACH 2601 Pacific Coast Hwy. Hermosa Beach, CA 90254
WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064
SOUTH BAY 23740 Hawthorne Blvd., 2nd Flr Torrance, CA 90505
MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292
REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277
Silicon BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045
MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274
EL SEGUNDO 402 Main Street El Segundo, CA 90245
SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274
MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266
MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275
MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266
SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732
MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
BROKER ASSOCIATE | DRE# 00645041
36 YEARS IN THE SOUTH BAY
310.717.4432
mauricerealtor@gmail.com
REALTOR® | DRE# 01762501
310.493.2100 Daniel@LiveInLA.net
www.LiveInLA.net
“Call us today, it’s your move!”