South Bay Market Intelligence Report Vol. 5 | May 2019 Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the South Bay real estate community This Sales Monthly Report monitors El Segundo
Rancho Palos Verdes
Hawthorne
Redondo Beach
Hermosa Beach
Rolling Hills
Lomita
Rolling Hills Estates
Manhattan Beach
San Pedro
Palos Verdes Estates
Torrance
MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
BROKER ASSOCIATE | DRE# 00645041
36 YEARS IN THE SOUTH BAY
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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.
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.
average Price Per Square Foot:
Found by taking the price of each property and dividing that by its ProPertieS Pending Sale: The number of properties placed in escrow during any given square footage, then finding the average for all properties Sold. month.
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 the number of properties sold divided by the total number of properties for sale.
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):
rePort noteS:
Reports published in May 2019 are based on data available at the end of April 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.
The average number of days that properties were on ACTIVE on the market.
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Top Producer
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SouthBay 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
63 Malaga Cove Plaza Palos Verdes Estates, CA 90274
MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
BROKER ASSOCIATE | DRE# 00645041
REALTOR® | DRE# 01762501
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!”
El Segundo APRIL StAtS Key Facts:
$1,005,000
Median Sold Price
$1,137,000
Average Sold Price
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,215
$1,005
-17%
Average Price Per Sq. Foot
$713
$627
-12%
Properties for Sale
17
22
29%
Properties Pending Sales
11
17
55%
Properties Sold
13
10
-23%
Days on Market (Sold Homes)
24
52
117%
Monthly Supply of Inventory
1.3
2.2
69%
76.5
45.5
-41%
Absorption Rate (closed sales)
22
Listings for Sale
AveRAge & MedIAn PRIce $1,800
17
Listings Pending
$1,600 $3,500 $1,400 $3,000
$1,137
$1,200
10
Listings Sold
$1,005 $2,593
$2,500 $1,000 $800 $2,000 $1,655
$600 $1,500
52
Days On Market
$400 $1,000 $200 $$500
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
Hawthorne APRIL StAtS Key Facts:
$623,000
Median Sold Price
$659,000
Average Sold Price
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$698
$623
-11%
Average Price Per Sq. Foot
$476
$509
7%
Properties for Sale
31
59
90%
Properties Pending Sales
32
45
41%
Properties Sold
31
26
-16%
Days on Market (Sold Homes)
26
41
58%
1
2.3
130%
44.1
-56%
Monthly Supply of Inventory
Absorption Rate (closed sales) 100
59
Listings for Sale
AveRAge & MedIAn PRIce $800
45
Listings Pending
$3,500
$659
$700
$623
$3,000 $600
26
Listings Sold
$2,593
$2,500 $500 $2,000 $400
$1,655
$1,500 $300
41
Days On Market
$1,000$200 $500$100 $- $-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 Median
Average
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!”
Hermosa Beach APRIL StAtS Key Facts:
$1,538,000 Median Sold Price
$1,863,000
Average Sold Price
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,745
$1,538
-12%
Average Price Per Sq. Foot
$1,025
$943
-8%
Properties for Sale
53
49
-8%
Properties Pending Sales
27
15
-44%
Properties Sold
18
20
11%
Days on Market (Sold Homes) 70
24
-66%
2.9
2.5
-14%
40.8
20%
Monthly Supply of Inventory
Absorption Rate (closed sales) 34
49
Listings for Sale
AveRAge & MedIAn PRIce $3,500
15
Listings Pending
$3,500 $3,000 $3,000 $2,500
20
Listings Sold
$2,593 $1,863
$2,500 $2,000 $2,000
$1,538 $1,655
$1,500 $1,500
24
Days On Market
$1,000 $1,000 $500 $500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 Median
Average
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!”
Lomita APRIL StAtS Key Facts:
APR. 2018
$550,000 Median Sold Price
$608,000
Average Sold Price
% Change
Median Price (in $,000)
$679
$550
-19%
Average Price Per Sq. Foot
$404
$411
2%
Properties for Sale
11
23
109%
Properties Pending Sales
14
21
50%
Properties Sold
14
11
-21%
Days on Market (Sold Homes)
19
42
121%
Monthly Supply of Inventory
0.8
2.1
163%
47.8
-62%
Absorption Rate (closed sales) 127.3
23
APR. 2019
Listings for Sale
AveRAge & MedIAn PRIce $800
21
Listings Pending
$700 $3,500
$608
$600 $3,000
$550 $2,593
$500 $2,500
11
Listings Sold
$400 $2,000 $1,655
$300 $1,500 $200
42
Days On Market
$1,000 $100 $500 $Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 $-
Median
Average
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!”
Manhattan Beach APRIL StAtS Key Facts:
$2,337,000
Median Sold Price
$2,611,000
Average Sold Price
117
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$2,350
$2,337
-1%
Average Price Per Sq. Foot
$1,050
$931
-11%
Properties for Sale
98
117
19%
Properties Pending Sales
29
43
48%
Properties Sold
27
44
63%
Days on Market (Sold Homes)
32
63
97%
Monthly Supply of Inventory
3.6
2.7
-25%
Absorption Rate (closed sales)
27.6
37.6
36%
Listings for Sale
AveRAge & MedIAn PRIce $4,000
43
Listings Pending
44
Listings Sold
$3,500 $3,500 $3,000 $3,000
$2,611
$2,500 $2,500
$2,593 $2,337
$2,000 $2,000 $1,655
$1,500 $1,500 $1,000
63
Days On Market
$1,000 $500 $500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
Median
Average
MAURICE ASSAYAG
DANIEL ASSAYAG
Top Producer
Top Producer
REALTOR® | DRE# 01762501
BROKER ASSOCIATE | DRE# 00645041
36 YEARS IN THE SOUTH BAY
310.717.4432
mauricerealtor@gmail.com
310.493.2100 www.LiveInLA.net
Daniel@LiveInLA.net
“Call us today, it’s your move!”
Palos Verdes Estates APRIL StAtS Key Facts:
$2,050,000
Median Sold Price
$2,252,000
Average Sold Price
80
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,725
$2,050
19%
Average Price Per Sq. Foot
$664
$706
6%
Properties for Sale
51
80
57%
Properties Pending Sales
26
24
-8%
Properties Sold
14
17
21%
Days on Market (Sold Homes)
37
69
86%
Monthly Supply of Inventory
3.6
4.7
31%
Absorption Rate (closed sales)
27.5
21.3
-23%
Listings for Sale
AveRAge & MedIAn PRIce $8,000
24
Listings Pending
$3,500 $7,000 $3,000 $6,000
17
$2,593
$5,000 $2,500
Listings Sold
$4,000 $2,000 $1,655 $3,000 $1,500
69
Days On Market
$2,252 $2,050
$2,000 $1,000 $1,000 $500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
Median
Average
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!”
Rancho Palos Verdes APRIL StAtS Key Facts:
$1,139,000 Median Sold Price
$1,357,000
Average Sold Price
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,228
$1,139
-7%
Average Price Per Sq. Foot
$638
$623
-2%
Properties for Sale
88
125
42%
Properties Pending Sales
52
52
0%
Properties Sold
38
38
0%
Days on Market (Sold Homes)
31
40
29%
Monthly Supply of Inventory
2.3
3.3
43%
30.4
-30%
Absorption Rate (closed sales) 43.2
125
Listings for Sale
AveRAge & MedIAn PRIce $1,600
52
$1,357
Listings Pending
$3,500 $1,400 $1,200 $3,000
38
$1,139
$2,593
$1,000
$2,500
Listings Sold
$800
$2,000 $1,655
$600
$1,500
40
$400
Days On Market
$1,000
$200
$500$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
Redondo Beach APRIL StAtS Key Facts:
$1,145,000 Median Sold Price
$1,211,000
Average Sold Price
116
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,160
$1,145
-1%
Average Price Per Sq. Foot
$600
$604
1%
Properties for Sale
100
116
16%
Properties Pending Sales
67
77
15%
Properties Sold
70
87
24%
Days on Market (Sold Homes)
16
42
163%
Monthly Supply of Inventory
1.4
1.3
-7%
Absorption Rate (closed sales) 70
75
7%
Listings for Sale
AveRAge & MedIAn PRIce $1,400 $1,211
77
Listings Pending
$3,500 $1,200
$1,145
$3,000 $1,000 $2,593
87
$2,500 $800
Listings Sold $2,000 $600 $1,655 $400 $1,500
42
Days On Market
$200 $1,000 $$500
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
Rolling Hills APRIL StAtS Key Facts:
$2,715,000
Median Sold Price
$2,715,000
Average Sold Price
16
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,915
$2,715
42%
Average Price Per Sq. Foot
$635
$717
13%
Properties for Sale
30
16
-47%
Properties Pending Sales
0
2
#DIV/0!
Properties Sold
2
2
0%
Days on Market (Sold Homes)
17
207
1118%
Monthly Supply of Inventory
15
8
-47%
Absorption Rate (closed sales)
6.7
12.5
87%
Listings for Sale
AveRAge & MedIAn PRIce $18,000
2
Listings Pending
$3,500
$16,000 $14,000
$3,000
$12,000
2
$2,593
$2,500
Listings Sold
$10,000
$2,000 $8,000 $1,655 $6,000
$1,500
207
Days On Market
$2,715
$4,000
$2,715
$1,000
$2,000 $-
$500
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
Rolling Hills Estates APRIL StAtS Key Facts:
$873,000 Median Sold Price
$1,071,000
Average Sold Price
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,160
$873
-25%
Average Price Per Sq. Foot
$556
$559
1%
Properties for Sale
17
27
59%
Properties Pending Sales
8
18
125%
Properties Sold
13
10
-23%
Days on Market (Sold Homes)
21
46
119%
Monthly Supply of Inventory
1.3
2.7
108%
37
-52%
Absorption Rate (closed sales) 76.5
27
Listings for Sale
AveRAge & MedIAn PRIce $2,500
18
Listings Pending
$3,500 $2,000
$3,000 $2,593
10
$1,500 $2,500
Listings Sold
$1,071
$2,000 $1,000
$1,655 $873
$1,500
46
Days On Market
$500
$1,000
$500 $Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
San Pedro APRIL StAtS Key Facts:
$590,000
Median Sold Price
$641,000
Average Sold Price
82
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$580
$590
2%
Average Price Per Sq. Foot
$414
$384
-7%
Properties for Sale
77
82
6%
Properties Pending Sales
50
61
22%
Properties Sold
44
35
-20%
Days on Market (Sold Homes)
28
34
21%
Monthly Supply of Inventory
1.8
2.3
28%
Absorption Rate (closed sales)
57.1
42.7
-25%
Listings for Sale
AveRAge & MedIAn PRIce $641
$700
61
Listings Pending
$3,500 $600
$590
$3,000 $500 $2,593
35
Listings Sold
$2,500 $400 $2,000 $300
$1,655
$1,500 $200
34
Days On Market
$1,000 $100 $$500
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
$-
Median
Average
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!”
Torrance APRIL StAtS Key Facts:
$822,000
Median Sold Price
$911,000
Average Sold Price
117
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$810
$822
1%
Average Price Per Sq. Foot
$554
$515
-7%
Properties for Sale
103
117
14%
Properties Pending Sales
87
94
8%
Properties Sold
84
81
-4%
Days on Market (Sold Homes)
20
33
65%
Monthly Supply of Inventory
1.2
1.4
17%
Absorption Rate (closed sales)
81.6
69.2
-15%
Listings for Sale
AveRAge & MedIAn PRIce $1,000
94
Listings Pending
$911
$900 $3,500
$822
$800
$3,000 $700
81
$2,593
$600 $2,500
Listings Sold
$500
$2,000 $400
$1,655
$1,500 $300
33
Days On Market
$200 $1,000 $100
$500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
Median
Average
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 • 650+ Local Agents • 16 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
LOS ANGELES 99 South Lake Avenue #504 Pasadena, CA 91101
COMMERCIAL & INVESTMENT REALTY
los a n G e l e s | s o U T h B ay | www. R e M aXC i R .co m
SOUTH BAY 450 Silver Spur Road Rolling Hills Estates, CA 90274
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!”
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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!”
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!”