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
Lomita
Gardena
Manhattan Beach
Hawthorne
North Redondo
Hermosa Beach
South Redondo
Lawndale
Torrance
RE/MAX Estate Properties 650+ 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 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.
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):
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 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.
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.
SouthBay Market Intelligence re/MaX estate Properties tracks key data points in significant cities and areas throughout the Southbay. el Segundo .............................................................4 gardena .................................................................5 hawthorne .............................................................6 hermosa beach .....................................................7 lawndale ...............................................................8 lomita ....................................................................9 Manhattan beach ................................................10 redondo beach ...................................................11 torrance ...............................................................12
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.
Hills ElRolling Segundo December APRIL StAtS StatS Key Facts:
N/A $1,005,000
Median Sold Price
N/A $1,137,000
Average Sold Price
22 24
Dec. APR. 2016 2018
Dec. APR. 2017 2019
% Change
Median Price (in $,000)
$4,555 $1,215
$1,005 N/A
-100% -17%
Average Price Per Sq. Foot
$1,192 $713
$627 N/A
-100% -12%
Properties for Sale
18 17
24 22
29% 33%
Properties Pending Sales
11 2
17 3
50% 55%
Properties Sold
13 2
10 0
-100% -23%
Days on Market (Sold Homes)
24 28
N/A 52
-100% 117%
Monthly Supply of Inventory
1.3 9
2.2 24
167% 69%
76.5 11.1
45.5 N/A
-100% -41%
Absorption Rate (closed sales)
Listings for Sale
AveRAge average & MedIAn meDian PRIce Price $1,800
17 3
Listings Pending
$1,600 $3,500 $3,500 $5,000
$1,400 $4,500 $3,000 $3,000
$1,137
$1,200
10 0
Listings Sold
52 N/A
Days On Market
$1,005 $2,593 $2,593
$4,000
$2,500 $2,500 $1,000 $3,500
$800 $3,000 $2,000 $2,000 $1,655 $1,655
$600 $2,500 $1,500 $1,500 $2,000 $400
$1,000 $1,000 $1,500 $200 $1,000 $$500 $500
Apr.
May
Jun.
July
Aug.
Sept.
Oct.
Nov. Dec.
Jan.
Feb.
Mar.
Apr.
$500 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 $- 2019 2019 $-
$- $$-
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 Median
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.
Gardena APRIL StAtS Key Facts:
$533,000
Median Sold Price
$533,000
Average Sold Price
75
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$511
$533
4%
Average Price Per Sq. Foot
$403
$405
0%
Properties for Sale
24
75
213%
Properties Pending Sales
39
49
26%
Properties Sold
31
40
29%
Days on Market (Sold Homes)
29
32
10%
Monthly Supply of Inventory
0.8
1.9
138%
53.2
-59%
Absorption Rate (closed sales) 129.2
Listings for Sale $600
49
Listings Pending
AveRAge & MedIAn PRIce
$580 $3,500 $560 $533
$3,000 $540
40
Listings Sold
$533$2,593
$2,500 $520 $2,000 $500
32
Days On Market
$1,655
$1,500 $480 $1,000 $460 $440 $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
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.
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
59
Absorption Rate (closed sales) 100
Listings for Sale
45
Listings Pending
AveRAge & MedIAn PRIce $800 $3,500
$659
$700
$623
$3,000 $600
26
Listings Sold
$2,593
$2,500 $500 $2,000 $400
41
Days On Market
$1,655
$1,500 $300 $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
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.
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
49
Absorption Rate (closed sales) 34
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
24
Days On Market
$1,500 $1,000 $1,000 $500 $500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Lawndale APRIL StAtS Key Facts:
$570,000
Median Sold Price
$564,000
Average Sold Price
12
APR. 2018 $545
$570
5%
Average Price Per Sq. Foot
$425
$379
-11%
Properties for Sale
18
12
-33%
Properties Pending Sales
8
12
50%
Properties Sold
9
8
-11%
Days on Market (Sold Homes)
36
28
-22%
Monthly Supply of Inventory
2
1.5
-25%
50
66.7
33%
Absorption Rate (closed sales)
AveRAge & MedIAn PRIce $700
12
% Change
Median Price (in $,000)
Listings for Sale
Listings Pending
APR. 2019
$564 $570
$3,500 $600 $3,000 $500
8
$2,593 $2,500 $400
Listings Sold $2,000 $300 $1,655
28
Days On Market
$1,500 $200 $1,000 $100 $500 $$-
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
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.
Lomita APRIL StAtS Key Facts:
$550,000 Median Sold Price
$608,000
Average Sold Price
23
APR. 2018
APR. 2019
% 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
Listings for Sale
AveRAge & MedIAn PRIce $800
21
Listings Pending
$700 $3,500
$608
$600 $3,000
11
Listings Sold
$550 $2,593
$500 $2,500 $400 $2,000
$1,655
$300
42
Days On Market
$1,500 $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
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.
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
63
Days On Market
$1,500 $1,000 $1,000 $500 $500 $$-
Apr. May Jun. July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2018 2018 2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019
Median
Average
Mahrukh “Rukhi� Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871 If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
Redondo Beach APRIL StAtS Key Facts:
$1,145,000 Median Sold Price
$1,211,000
Average Sold Price
116
APR. 2018
APR. 2019
% Change
Median Price (in $,000)
$1,160
$1,145
-1%
Average Price Per Sq. Foot
$600
$604
1%
Properties for Sale
100
116
16%
Properties Pending Sales
67
77
15%
Properties Sold
70
87
24%
Days on Market (Sold Homes)
16
42
163%
Monthly Supply of Inventory
1.4
1.3
-7%
Absorption Rate (closed sales) 70
75
7%
Listings for Sale
AveRAge & MedIAn PRIce $1,400
77
Listings Pending
$1,211 $3,500 $1,200
$1,145
$3,000 $1,000
87
$2,593 $2,500 $800
Listings Sold $2,000 $600 $1,655
42
Days On Market
$400 $1,500
$200 $1,000 $$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
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.
Torrance APRIL StAtS Key Facts:
$822,000
Median Sold Price
$911,000
Average Sold Price
117
APR. 2018 $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%
AveRAge & MedIAn PRIce $1,000
94
% Change
Median Price (in $,000)
Listings for Sale
Listings Pending
APR. 2019
$911
$900 $3,500
$822
$800
$3,000 $700
81
$2,593
$600 $2,500
Listings Sold
$500
$2,000 $400
33
Days On Market
$1,655
$1,500 $300 $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
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 • 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
COMMERCIAL & INVESTMENT REALTY
los anGe l e s | s o U Th B ay | www. R e M aXC i R .co m
LOS ANGELES 99 South Lake Avenue #504 Pasadena, CA 91101
SOUTH BAY 450 Silver Spur Road Rolling Hills Estates, CA 90274
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.
Notes:
Notes:
Mahrukh “Rukhi” Ghaznavi www.RukhiSellsHomes.com
RukhiSellsHomes@gmail.com | 310.283.1452 | Lic# 01725871