Palos Verdes and Harbor Cities Market Intelligence Report Vol. 4 | May 2018 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 Palos Verdes Estates
Rolling Hills Estates
Palos Verdes Peninsula
San Pedro
Rancho Palos Verdes
Harbor City
Rolling Hills
RE/MAX Estate Properties 700+ Local Agents • 16 Offices • Luxury Residential Commercial Investment Division • International
Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871
Market Intelligence Glossary MonthS SuPPlY oF inventorY:
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.
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 May 2018 are based on data available at the end of April 2018. 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
daYS on Market (cloSed SaleS):
The average number of days that properties were on ACTIVE on the market.
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Palos Verdes and Harbor Cities Market Intelligence re/MaX estate Properties tracks key data points in significant cities and areas throughout the Palos verdes and harbor cities Palos verdes estates........................................................4 rancho Palos verdes .......................................................5 rolling hills ......................................................................6 rolling hills estates ........................................................7 San Pedro ........................................................................8 Wilmington ......................................................................9 harbor city ....................................................................10
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
PalosRolling VerdesHills Estates December APRIL STATS StatS Key Facts:
$1,725,000 N/A
Median Sold Price
$1,899,000 N/A
Average Sold Price
51 24
APR. Dec. 2016 2017
APR. Dec. 2018 2017
% Change
Median Price
$4,555 $2,140
$1,725 N/A
-100% -19%
Average Price Per Sq. Foot
$1,192 $735
$664 N/A
-100% -10%
Properties for Sale
58 18
24 51
-12% 33%
Properties Pending Sales
17 2
29 3
50% 71%
Properties Sold
20 2
14 0
-100% -30%
Days on Market (Sold Homes)
62 28
N/A 37
-100% -40%
Monthly Supply of Inventory
2.9 9
3.6 24
167% 24%
11.1 Absorption Rate (closed sales) 34.5
N/A 27.5
-100% -20%
Listings for Sale
29 3
Listings Pending
AVERAgE average & MEDIAN meDian PRICE Price $3,000
$3,500 $3,500 $5,000
$4,500 $2,500 $3,000 $3,000
14 0
Listings Sold
$4,000
$2,593 $2,593
$1,899
$2,500 $2,500 $2,000 $3,500
$1,725
$3,000 $2,000 $2,000
$1,655 $1,655
$1,500 $2,500
37 N/A
Days On Market
$1,500 $1,500 $2,000 $1,000 $1,000 $1,000 $1,500 $1,000
$500 $500 $500 $500
$$-
$- $$$-
Dec. May Jan. Apr. 2016 2017 2017 2017
Feb. Mar. June July Apr. Aug. May Sept. 2017 2017 2017 2017 2017 2017 2017 2017
June Oct. 2017 2017
Median Median
July Nov. 2017 2017
Aug. Dec. Sept. Jan. Oct. Feb. Nov. Mar. Dec. Apr. 2017 2017 2017 2018 2017 2018 2017 2018 2017 2018
Average Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Rancho Palos Verdes APRIL STATS Key Facts:
APR. 2017
APR. 2018
% Change
$1,040
$1,228
18%
$519
$638
23%
Properties for Sale
97
88
-9%
Properties Pending Sales
51
57
12%
Properties Sold
35
38
9%
Days on Market (Sold Homes) 44
31
-30%
2.8
2.3
-18%
Absorption Rate (closed sales) 36.1
43.2
20%
Median Price
$1,228,000 Median Sold Price
$1,442,000
Average Sold Price
Average Price Per Sq. Foot
Monthly Supply of Inventory
88
Listings for Sale
57
Listings Pending
AVERAgE & MEDIAN PRICE $3,500
$1,600
$1,442
$3,000 $1,400
38
Listings Sold
$1,228 $2,593 $1,200 $2,500 $1,000
$2,000
$1,655 $800
31
Days On Market
$1,500
$600
$1,000 $400
$500 $200
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Rolling Hills APRIL STATS Key Facts:
APR. 2017
APR. 2018
% Change
$2,195
$1,915
-13%
$757
$635
-16%
Properties for Sale
27
30
11%
Properties Pending Sales
3
3
0%
Properties Sold
1
2
100%
Days on Market (Sold Homes)
54
17
-69%
Monthly Supply of Inventory
27
15
-44%
Absorption Rate (closed sales)
3.7
6.7
81%
Median Price
$1,915,000
Median Sold Price
$1,915,000
Average Sold Price
30
Average Price Per Sq. Foot
Listings for Sale
3
Listings Pending
AVERAgE & MEDIAN PRICE $3,500
$4,500
$3,000 $4,000
2
Listings Sold
$2,593
$3,500
$2,500
$3,000
$2,000 $2,500
17
Days On Market
$1,915
$1,500
$1,655 $1,915
$2,000
$1,500 $1,000 $1,000
$500
$500
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Rolling Hills Estates APRIL STATS Key Facts:
$1,160,000 Median Sold Price
$1,431,000
Average Sold Price
APR. 2017
APR. 2018
% Change
Median Price
$840
$1,160
38%
Average Price Per Sq. Foot
$476
$556
17%
Properties for Sale
31
17
-45%
Properties Pending Sales
17
12
-29%
Properties Sold
11
13
18%
Days on Market (Sold Homes) 69
21
-70%
2.8
1.3
-54%
76.5
115%
Monthly Supply of Inventory
17
Absorption Rate (closed sales) 35.5
Listings for Sale
12
Listings Pending
AVERAgE & MEDIAN PRICE $1,800
$3,500
$1,600
$3,000
$1,431
$1,400
13
Listings Sold
$2,593
$2,500
$1,160
$1,200
$2,000 $1,000 $1,655
21
Days On Market
$800 $1,500 $600
$1,000
$400
$500 $200
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
San Pedro APRIL STATS Key Facts:
$580,000
Median Sold Price
$607,000
Average Sold Price
77
APR. 2017
APR. 2018
% Change
Median Price
$500
$580
16%
Average Price Per Sq. Foot
$403
$414
3%
Properties for Sale
82
77
-6%
Properties Pending Sales
61
56
-8%
Properties Sold
61
44
-28%
Days on Market (Sold Homes)
41
28
-32%
Monthly Supply of Inventory
1.3
1.8
38%
74.4
57.1
-23%
Absorption Rate (closed sales)
Listings for Sale
56
Listings Pending
AVERAgE & MEDIAN PRICE $3,500 $700
$607
$3,000
44
Listings Sold
$580 $2,593
$600
$2,500 $500
$2,000 $1,655
$400
28
Days On Market
$1,500 $300
$1,000 $200
$500 $100
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Wilmington APRIL STATS Key Facts:
$470,000 Median Sold Price
$439,000
Average Sold Price
APR. 2017
APR. 2018
% Change
Median Price
$400
$470
18%
Average Price Per Sq. Foot
$296
$368
24%
Properties for Sale
21
19
-10%
Properties Pending Sales
14
16
14%
Properties Sold
11
7
-36%
Days on Market (Sold Homes) 105
36
-66%
1.9
2.7
42%
36.8
-30%
Monthly Supply of Inventory
19
Absorption Rate (closed sales) 52.4
Listings for Sale
16
Listings Pending
AVERAgE & MEDIAN PRICE $3,500
$500 $439
$450 $3,000
7
Listings Sold
$470
$2,593
$400
$2,500 $350
$2,000 $300 $1,655 $250
36
Days On Market
$1,500
$200
$1,000 $150 $100
$500
$50
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Harbor City APRIL STATS Key Facts:
$540,000
Median Sold Price
$553,000
Average Sold Price
23
APR. 2017
Listings Pending
% Change
Median Price
$453
$540
19%
Average Price Per Sq. Foot
$332
$333
0%
Properties for Sale
26
23
-12%
Properties Pending Sales
14
18
29%
Properties Sold
18
19
6%
Days on Market (Sold Homes)
24
34
42%
Monthly Supply of Inventory
1.4
1.2
-14%
82.6
19%
Absorption Rate (closed sales) 69.2
Listings for Sale
18
APR. 2018
AVERAgE & MEDIAN PRICE $553
$600
$3,500
$540
$500
$3,000
19
Listings Sold
$2,593 $2,500 $400 $2,000 $300
34
Days On Market
$1,655
$1,500 $200
$1,000 $100 $500
$-
$Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2017 2017 2017 2017 2017 2017 2017 2017 2017 2018 2018 2018 2018
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
RE/MAX Estate Properties • 700+ 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 SILICON BEACH 7131 W. Manchester Ave. Los Angeles, CA 90045 EL SEGUNDO 402 Main Street El Segundo, CA 90245 MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266
REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90274 MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732
Re/MaX CoMMeRCial & inVesTMenT RealTy D oW n ToWn los a n G e l e s | s o U T h B ay | www. R e M aXCi R .co m
LOS ANGELES 550 South Hope Street, Suite 500 Los Angeles, CA 90071
SOUTH BAY 23001 Hawthorne Blvd., Suite 205 Torrance, CA 90505
Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871