The
Palos Verdes & Harbor Cities
Market Intelligence Report
Designed to give you the facts & trends overview of the most relevant market activities as they unfold in the Palos Verdes & Harbor real estate market. This report covers Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates and the Harbor areas including San Pedro, Wilmington and Harbor City
Pamela Lieb
RE/MAX Palos Verdes Broker Associate
Renowed Property Specialist | Certified Luxury Home Marketing Specialist
310.683.9743 | 310.375.9831
View all Palos Verdes & South Bay Homes For Sale at: www.PamelaLieb.com
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 January 2018 are based on data available at the end of December 2017. 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
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
Palos Verdes Estates DECEMBER STATS Key Facts:
$1,787,000
Median Sold Price
$2,122,000
Average Sold Price
38
Dec. Dec. % 2016 2017 Change
Median Price
$1,687
$1,787
6%
$755
$748
-1%
Average Price Per Sq. Foot Properties for Sale
37
38 3%
Properties Pending Sales
13
13 0%
Properties Sold
16
11 -31%
Days on Market (Sold Homes)
62
41 -34%
Monthly Supply of Inventory
2.3
3.5 52%
Absorption Rate (closed sales) 43.2
28.9 -33%
Listings for Sale
13
Listings Pending
AVERAGE & MEDIAN PRICE $3,000
$3,500 $2,500
$3,000
11
$2,122
$2,593 $2,500 $2,000 $1,787
Listings Sold $2,000 $1,500
41
Days On Market
$1,655
$1,500 $1,000
$1,000 $500 $500
$-
$-
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Rancho Palos Verdes DECEMBER STATS Key Facts:
$1,170,000
Median Sold Price
$1,486,000
Average Sold Price
77
Dec. Dec. 2016 2017
Median Price
$1,210
$1,170
-3%
Average Price Per Sq. Foot
$553
$571
3%
Properties for Sale
85
77 -9%
Properties Pending Sales
32
27 -16%
Properties Sold
47
42 -11%
Days on Market (Sold Homes)
55
58 5%
Monthly Supply of Inventory
1.8
1.8 0%
Absorption Rate (closed sales) 55.3 54.5 -1%
Listings for Sale
27
Listings Pending
% Change
AVERAGE & MEDIAN PRICE $3,500
$1,486
$1,600
$3,000 $1,400
42
Listings Sold
$1,170
$1,200 $2,500
$2,593
$1,000
$2,000 $1,655 $800
58
Days On Market
$1,500 $600
$1,000 $400
$500 $200
$-
$-
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Rolling Hills DECEMBER STATS Key Facts:
N/A
Median Sold Price
N/A
Average Sold Price
24
Dec. Dec. % 2016 2017 Change
Median Price
$4,555
N/A -100%
Average Price Per Sq. Foot
$1,192
N/A
Properties for Sale
18
24 33%
Properties Pending Sales
2
3 50%
Properties Sold
2
0 -100%
Days on Market (Sold Homes)
28
N/A -100%
Monthly Supply of Inventory
9
24 167%
Absorption Rate (closed sales)
11.1
N/A -100%
Listings for Sale
3
Listings Pending
-100%
AVERAGE & MEDIAN PRICE $3,500 $5,000
$4,500 $3,000
0
Listings Sold
$4,000
$2,593
$2,500 $3,500
$3,000 $2,000
$1,655
$2,500
N/A
Days On Market
$1,500 $2,000
$1,000 $1,500 $1,000
$500
$500
$$-
$-
$-
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Rolling Hills Estates DECEMBER STATS Key Facts:
$825,000
Median Sold Price
$1,050,000
Average Sold Price
9
Dec. Dec. 2016 2017
Median Price
$1,428
$825
-42%
Average Price Per Sq. Foot
$536
$534
0%
Properties for Sale
20
9 -55%
Properties Pending Sales
9
7 -22%
Properties Sold
11
9 -18%
Days on Market (Sold Homes)
57
41 -28%
Monthly Supply of Inventory
1.8
1 -44%
Absorption Rate (closed sales)
55
Listings for Sale
7
Listings Pending
% Change
100 82%
AVERAGE & MEDIAN PRICE $1,600
$3,500
$1,400
$3,000
9
Listings Sold
$2,593
$1,200
$2,500
$1,050
$1,000
$2,000
$825
$800
41
Days On Market
$1,500 $600
$1,000 $400
$500 $200
$-
$Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
$1,655
San Pedro DECEMBER STATS Key Facts:
$509,000
Median Sold Price
$545,000
Average Sold Price
Dec. Dec. % 2016 2017 Change
Median Price
$515
$509
-1%
Average Price Per Sq. Foot
$333
$402
21%
Properties for Sale
86
57 -34%
Properties Pending Sales
41
26 -37%
Properties Sold
44
50 14%
Days on Market (Sold Homes)
60
29 -52%
2
1.1 -45%
Monthly Supply of Inventory
57
Absorption Rate (closed sales) 51.2 87.7 71%
Listings for Sale
26
Listings Pending
AVERAGE & MEDIAN PRICE $3,500 $700
$3,000
50
Listings Sold
$545 $2,593
$600
$2,500
$509
$500
$2,000 $1,655
$400
29
Days On Market
$1,500 $300
$1,000 $200
$500
$100
$-
$-
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Wilmington DECEMBER STATS Key Facts:
$420,000
Median Sold Price
$415,000
Average Sold Price
18
Listings Pending
$375
$420
12%
Average Price Per Sq. Foot
$275
$361
31%
Properties for Sale
17
18 6%
Properties Pending Sales
5
12 140%
Properties Sold
20
13 -35%
Days on Market (Sold Homes)
56
26 -54%
Monthly Supply of Inventory
0.9
1.4 56%
Absorption Rate (closed sales) 117.6
72.2 -39%
AVERAGE & MEDIAN PRICE $3,500
$500
$450 $3,000
13
Listings Sold
% Change
Median Price
Listings for Sale
12
Dec. Dec. 2016 2017
$415
$420
$400
$2,593
$2,500 $350
$2,000 $300 $1,655 $250
26
Days On Market
$1,500
$200
$1,000 $150 $100
$500
$50 $-
$Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Harbor City DECEMBER STATS Key Facts:
$535,000
Median Sold Price
$520,000
Average Sold Price
22
Median Price
$615
$535
-13%
Average Price Per Sq. Foot
$304
$351
15%
Properties for Sale
16
22 38%
Properties Pending Sales
12
8 -33%
Properties Sold
17
16 -6%
Days on Market (Sold Homes)
48
28 -42%
Monthly Supply of Inventory
0.9
1.4 56%
Absorption Rate (closed sales) 106.3 72.7 -32%
Listings for Sale
8
Listings Pending
Dec. Dec. % 2016 2017 Change
AVERAGE & MEDIAN PRICE $700
$3,500
$520
$600
$3,000
16
Listings Sold
$535
$2,593
$500
$2,500 $400
$2,000 $1,655
28
Days On Market
$300
$1,500
$200 $1,000
$500 $100 $-
$-
Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 2016 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017 2017
Median
Average
Pamela Lieb
RE/MAX Palos Verdes Broker Associate
Renowed Property Specialist | Certified Luxury Home Marketing Specialist
310.683.9743 | 310.375.9831
View all Palos Verdes & South Bay Homes For Sale at: www.PamelaLieb.com