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Palos Verdes and Harbor CitiesMarket Intelligence Report
Vol. 4 | February 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
Re/MaX estate properties700+ Local Agents • 17 Offices • Luxury Residential
Commercial Investment Division • International
Palos Verdes Estates
Palos Verdes Peninsula
Rancho Palos Verdes
Rolling Hills
Rolling Hills Estates
310.541.6416 | [email protected]
RE/MAX Hall of Fame • RE/MAX Platinum & 100% Club • CLHMS-Luxury Home Specialist • PV & Seniors Specialist • DRE #01368971.
Market Intelligence GlossaryMEDIAN 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 February 2018 are based on data available at the end of January 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
Palos Verdes and Harbor CitiesMarket 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
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$1,550,000
$1,590,000
31
18
15
42
$2,040 $1,550 -24%
$663 $716 8%
47 31 -34%
17 18 6%
12 15 25%
66 42 -36%
3.9 2.1 -46%
25.5 48.4 90%
Palos Verdes Estates
$1,550
$1,590
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$1,311,000
$1,403,000
65
50
24
69
$1,114 $1,311 18%
$543 $561 3%
83 65 -22%
26 50 92%
28 24 -14%
57 69 21%
3 2.7 -10%
33.7 36.9 9%
Rancho Palos Verdes
$1,311
$1,403
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$3,500,000
$3,710,000
21
3
3
197
$3,950 $3,500 -11%
$776 $768 -1%
17 21 24%
1 3 200%
1 3 200%
225 197 -12%
17 7 -59%
5.9 14.3 142%
Rolling Hills
$3,500
$3,710
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$1,500,000
$1,355,000
11
8
5
36
$870 $1,500 72%
$520 $515 -1%
22 11 -50%
6 8 33%
9 5 -44%
123 36 -71%
2.4 2.2 -8%
40.9 45.5 11%
Rolling Hills Estates
$1,500
$1,355
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$490 $569 16%
$357 $375 5%
86 53 -38%
59 47 -20%
47 20 -57%
48 41 -15%
1.8 2.7 50%
54.7 37.7 -31%
$569,000
$623,000
53
47
20
41
San Pedro
$569
$623
$-
$100
$200
$300
$400
$500
$600
$700
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$414,000
$425,000
22
11
8
62
$355 $414 17%
$315 $290 -8%
21 22 5%
15 11 -27%
10 8 -20%
60 62 3%
2.1 2.8 33%
47.6 36.4 -24%
Wilmington
$414 $425
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
JANUARY STATS
AVERAGE & MEDIAN PRICE
Jan. Jan. % 2017 2018 Change
Median Sold Price
Key Facts:
Average Sold Price
Listings for Sale
Listings Pending
Listings Sold
Days On Market
$1,655
$2,593
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Median Average
Median Price
Average Price Per Sq. Foot
Properties for Sale
Properties Pending Sales
Properties Sold
Days on Market (Sold Homes)
Monthly Supply of Inventory
Absorption Rate (closed sales)
$402,000
$428,000
21
18
9
39
$535 $402 -25%
$297 $348 17%
21 21 0%
14 18 29%
7 9 29%
40 39 -3%
3 2.3 -23%
33.3 42.9 29%
Harbor City
$402
$428
$-
$100
$200
$300
$400
$500
$600
Jan.2017
Feb.2017
Mar.2017
Apr.2017
May2017
June2017
July2017
Aug.2017
Sept.2017
Oct.2017
Nov.2017
Dec.2017
Jan.2018
BEVERLY HILLS9454 Wilshire Blvd. Suite 600
Beverly Hills, CA 90212
WEST LOS ANGELES10931 W. Pico Blvd.
Los Angeles, CA 90064
SANTA MONICA620 Santa Monica Blvd. Suite B
Santa Monica, CA 90401Phone: 310.264.2225
MARINA DEL REY / VENICE124 Washington Blvd.
Marina Del Rey, CA 90292
SILICON BEACH7131 W. Manchester Ave.
Los Angeles, CA 90045
EL SEGUNDO402 Main Street
El Segundo, CA 90245
MANHATTAN BEACH-DOWNTOWN 1401 Highland Avenue
Manhattan Beach, CA 90266
MANHATTAN BEACH1040 Manhattan Beach Blvd.Manhattan Beach, CA 90266
HERMOSA BEACH2601 Pacific Coast Hwy.
Hermosa Beach, CA 90254
SOUTH BAY23740 Hawthorne Blvd., 2nd Flr
Torrance, CA 90505
REDONDO BEACH1720 S. Elena Avenue
Redondo Beach, CA 90277
MALAGA COVE63 Malaga Cove Plaza
Palos Verdes Estates, CA 90274
SILVER SPUR450 Silver Spur Road
Rancho Palos Verdes, CA 90274
MIRALESTE5 Miraleste Plaza
Rancho Palos Verdes, CA 90275
SAN PEDRO COASTLINE1416 W 25th Street
San Pedro, CA 90732
LOS ANGELES550 South Hope Street, Suite 500
Los Angeles, CA 90071
SOUTH BAY23001 Hawthorne Blvd., Suite 205
Torrance, CA 90505DOWNTOWN LOS ANGELES | SOUTH BAY| www.REMAXCIR.com
RE/MAX COMMERCIAL& INVESTMENT REALTY
RE/MAX Estate Properties • 700+ Local Agents • 17 Offices • Luxury Residential
International • Commercial Division
FIND OUT WHAT YOUR HOME IS WORTH
CALL Maureen at 310.541.6416
RE/MAX Hall of Fame • RE/MAX Platinum & 100% Club
CLHMS-Luxury Home Specialist • PV & Seniors Specialist
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