ESTATE PROPERTIES ESTATE PROPERTIES
The
Palos Verdes & Harbor Cities
Market Intelligence Report Sept 2016
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
ESTAT
CalBRE# 00475933
Steve Goddard
Broker Associate | Manager | Sales Agent President of California Association of REALTORSÂŽ 2010 California Realtor of the Year
Cell: 310.367.7951 Phone: 310.376.5225
steve@stevegoddard.com stevegoddard.com
1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266
Each Office Independently Owned and Operated
ESTATE PROPERTIES ESTATE PROPERTIES
BEVERLY HILLS 9454 Wilshire Blvd. Suite 600 Beverly Hills, CA 90212 Phone: 310.205.0050
SANTA MONICA 620 Santa Monica Blvd. Suite B Santa Monica, CA 90401 Phone: 310.264.2225
coming soon! MANCHESTER 7131 Manchester Blvd Westchester, CA 90045
MANHATTAN BEACH BLVD 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 Phone: 310.376.2225
WEST LOS ANGELES 10931 W. Pico Blvd. Los Angeles, CA 90064 Phone: 310.202.8141
MARINA DEL REY / VENICE 124 Washington Blvd. Marina Del Rey, CA 90292 Phone: 310.577.5300
EL SEGUNDO 402 Main Street El Segundo, CA 90245 Phone: 310.322.1425
MANHATTAN BEACH DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 Phone: 310.937.5700
HERMOSA BEACH 2601 Pacific Coast Hwy. #101 Hermosa Beach, CA 90254 Phone: 310.937.3200
REDONDO BEACH 1720 S. Elena Avenue Redondo Beach, CA 90277 Phone: 310.378.7747
SAN PEDRO COASTLINE 1416 W 25th Street San Pedro, CA 90732 Phone: 310.831.0150
SOUTH BAY 23740 Hawthorne Blvd. 2nd Floor Torrance, CA 90505 Phone: 310.378.9889
MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 Phone: 310.378.9494
MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 Phone: 310.831.0222
SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 Phone: 310.544.9999
Photography courtesy of Brian Holm, AvenueEye.com 424.262.7723
ESTATE PROPERTIES ESTATE PROPERTIES
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. This Market Intelligence Report monitors
Palos Verdes Estates Rancho Palos Verdes Rolling Hills Rolling Hills Estates San Pedro
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.
Wilmington
Properties Pending sale:
Harbor City
Report Notes:
The number of properties placed in escrow during any given month.
Reports published in September 2016 are based on data available at the end of August 2016. All reports presented are based on data supplied by the CRMLS or CLAW and Trendgraphix. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Information deemed reliable but not guaranteed.
Photography courtesy of Brian Holm, AvenueEye.com
Palos Verdes Estates August Stats
$2,147,000 Median Sold Price
Year Over Year
Aug. Aug. 2015 2016
Median Price Average Price Per Sq. Foot
$2,545,000 Average Sold Price
68 Listings for Sale
Listings Pending
$2,101
$2,147
2%
$753
$827
10%
Properties for Sale
41
68 66%
Properties Pending Sales
23
8 -65%
Properties Sold
12
18 50%
Days on Market (Sold Homes)
47
74 57%
Monthly Supply of Inventory
3.4
3.8 12%
Absorption Rate (closed sales)
29.3
26.5 -10%
$3,000
8
% Change
Avg. & Median Price by Month $2,545
$3,500 $2,500
$3,000
$2,147
$2,593
$2,000
$2,500
$2,000
18
$1,500
Listings Sold
$1,000
$1,655
$1,500
$1,000 $500
74 Days On Market
$500 $$-
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
Rancho Palos Verdes August Stats Year Over Year
Aug. Aug. 2015 2016
Median Price
% Change
$1,170
$1,090
-7%
Average Price Per Sq. Foot
$502
$558
11%
Properties for Sale
139 140 1%
Properties Pending Sales
49
54 10%
Properties Sold
37
47 27%
Days on Market (Sold Homes)
95
55 -42%
Monthly Supply of Inventory
3.8
3 -21%
Absorption Rate (closed sales)
26.6
33.6 26%
$1,600
$1,090,000 Median Sold Price
$1,272,000 Average Sold Price
140 Listings for Sale
Avg. & Median Price by Month
$3,500
$1,272
$1,400
$3,000
$1,200
$1,090 $2,593
54 Listings Pending
$2,500
$1,000
$2,000$800
$1,655
$1,500$600
Listings Sold
$1,000$400 $500$200 $- $-
47
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
55 Days On Market
Rolling Hills August Stats
$1,650,000 Median Sold Price
Year Over Year
Aug. Aug. 2015 2016
Median Price Average Price Per Sq. Foot
$1,650,000 Average Sold Price
26 Listings for Sale
Listings Pending
$4,530
$1,650
-64%
$924
$597
-35%
Properties for Sale
21
26 24%
Properties Pending Sales
4
2 -50%
Properties Sold
3
2 -33%
Days on Market (Sold Homes)
66
81 23%
Monthly Supply of Inventory
7
13 86%
14.3
7.7 -46%
Absorption Rate (closed sales)
$6,000
2
% Change
Avg. & Median Price by Month
$3,500 $5,000
$3,000 $2,593
$4,000
$2,500
2
$2,000 $3,000
Listings Sold
$2,000
$1,655 $1,500
$1,650 $1,650
$1,000 $1,000
81 Days On Market
$500 $-
$-
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
Rolling Hills Estates August Stats Year Over Year
Aug. Aug. 2015 2016
Median Price Average Price Per Sq. Foot
% Change
$1,400
$951
-32%
$546
$518
-5%
Properties for Sale
28
34 21%
Properties Pending Sales
12
16 33%
Properties Sold
17
14 -18%
Days on Market (Sold Homes)
59
46 -22%
Monthly Supply of Inventory
1.6
2.4 50%
Absorption Rate (closed sales)
60.7
41.2 -32%
$1,800
$951,000 Median Sold Price
$970,000 Average Sold Price
34 Listings for Sale
Avg. & Median Price by Month
16
$3,500
$1,600
$3,000 $1,400 $2,593
$1,200
Listings Pending
$2,500
$970
$1,000
$951
$2,000
$1,655
$800
$1,500
14 Listings Sold
$600
$1,000
$400
$500 $200 $- $-
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
46 Days On Market
San Pedro August Stats
$475,000
Median Sold Price
$547,000 Average Sold Price
150 Listings for Sale
Year Over Year
Listings Pending
% Change
Median Price
$475
$475
0%
Average Price Per Sq. Foot
$345
$345
0%
Properties for Sale
132
150 14%
Properties Pending Sales
61
62 2%
Properties Sold
65
55 -15%
Days on Market (Sold Homes)
64
58 -9%
Monthly Supply of Inventory
2
2.7 35%
49.2
36.7 -25%
Absorption Rate (closed sales)
$700
62
Aug. Aug. 2015 2016
Avg. & Median Price by Month
$3,500 $547
$600
$3,000 $475$2,593
$500
$2,500 $400
55 Listings Sold
58 Days On Market
$2,000 $1,655 $300
$1,500 $200 $1,000
$100 $500
$-$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
Wilmington August Stats Year Over Year
Aug. Aug. 2015 2016
% Change
Median Price
$363
$386
6%
Average Price Per Sq. Foot
$262
$322
23%
Properties for Sale
29
22 -24%
Properties Pending Sales
15
21 40%
Properties Sold
12
14 17%
Days on Market (Sold Homes)
87
26 -70%
Monthly Supply of Inventory
2.4
1.6 -33%
Absorption Rate (closed sales)
41.4
63.6 54%
$450
$386,000
Median Sold Price
$387,000 Average Sold Price
22 Listings for Sale
Avg. & Median Price by Month $387
$3,500
$400
$386
$350 $3,000
$2,593
$300
21 Listings Pending
$2,500
$250
$2,000 $1,655
$200
$1,500 $150
14 Listings Sold
$1,000
$100
$50 $500
$-
$Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
26 Days On Market
Harbor City August Stats
$535,000
Median Sold Price
$497,000
Average Sold Price
26 Listings for Sale
Year Over Year
Listings Pending
% Change
Median Price
$445
$535
20%
Average Price Per Sq. Foot
$278
$319
15%
Properties for Sale
29
26 -10%
Properties Pending Sales
17
19 12%
Properties Sold
17
23 35%
Days on Market (Sold Homes)
66
44 -33%
Monthly Supply of Inventory
1.7
1.1 -35%
Absorption Rate (closed sales)
58.6 88.5 51%
$600
19
Aug. Aug. 2015 2016
Avg. & Median Price by Month
$3,500
$497
$535
$500
$3,000 $2,593
$400 $2,500
23
$2,000
Listings Sold
$200
$300
$1,655
$1,500
$1,000 $100
44 Days On Market
$500 $$-
Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. 2015 2015 2015 2015 2015 2016 2016 2016 2016 2016 2016 2016 2016
Median
Average
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© 2016 RE/MAX Estate Properties
CalBRE# 00475933
Steve Goddard
Broker Associate | Manager | Sales Agent President of California Association of REALTORSÂŽ 2010 California Realtor of the Year
Cell: 310.367.7951 Phone: 310.376.5225
steve@stevegoddard.com stevegoddard.com
1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266
Each Office Independently Owned and Operated