Rancho Palos Verdes Oct '10 Report

8/8/2019 Rancho Palos Verdes Oct '10 Report

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Oct-10

975,000

Oct-09

984,500

%

-1%

Change

-9,500

Oct-09 vs. Oct-10: The median sold price is down 1%Median Sold Price by Month

Realty Source - South Bay Palos Verdes

Oct-09 vs. Oct-10

Kimberly Jones

Clarus MarketMetrics® 1 of 2 11/01/2010

Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: AllAll

Sq Ft:

Rancho Palos Verdes

Residential: (Single Family Residence)

Period: All All

Property Types:

Cities:

All

Construction Type:Price: Lot Size:Bedrooms:1 year (monthly)MRMLS

1 of 21



Median Sold Price by MonthOct-09 vs. Oct-10: The median sold price is down 1%

Realty Source - South Bay Palos VerdesKimberly Jones

Time Period Median Price # Units Average DOMOct-10 975,000 23 82

Sep-10 997,500 28 64

Aug-10 950,000 22 66

Jul-10 1,014,500 22 64

Jun-10 1,119,500 32 89

May-10 923,250 22 86

Apr-10 970,000 23 80

Mar-10 890,000 25 111Feb-10 1,090,000 13 131

Jan-10 885,000 12 36

Dec-09 1,015,000 21 92

Nov-09 850,000 17 74

Oct-09 984,500 36 100



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Oct-09 vs. Oct-10: The median price of for sale properties is down 2% and the median price of sold properties is down 1%


Oct-09 vs. Oct-10

1,249,000 -2%

Kimberly Jones

1,225,000

Oct-10

Median For Sale vs. Median Sold

ChangeOct-09 %

-24,000

Oct-09 Oct-10 %

984,500 -1%

Oct-09 vs. Oct-10

975,000

Change

-9,500




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


3 of 21



Median For Sale vs. Median SoldOct-09 vs. Oct-10: The median price of for sale properties is down 2% and the median price of sold properties is down 1%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Oct-10 161 231,225,000 975,000 -250,000

Sep-10 180 281,227,500 997,500 -230,000

Aug-10 202 221,199,000 950,000 -249,000

Jul-10 182 221,249,950 1,014,500 -235,450

Jun-10 172 321,249,500 1,119,500 -130,000

May-10 174 221,249,500 923,250 -326,250

Apr-10 150 231,239,500 970,000 -269,500

Mar-10 139 251,249,000 890,000 -359,000

Feb-10 137 131,199,000 1,090,000 -109,000

Jan-10 154 121,299,000 885,000 -414,000

Dec-09 150 211,359,500 1,015,000 -344,500

Nov-09 158 171,295,000 850,000 -445,000

Oct-09 169 361,249,000 984,500 -264,500

Clarus MarketMetrics®


2 of 2 11/01/2010

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Oct-10

23

Oct-09

36

%

-36%

Change

-13

Oct-09 vs. Oct-10: The number of Sold properties is down 36%Sold Properties by Month


Oct-09 vs. Oct-10

Kimberly Jones




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


5 of 21



Sold Properties by MonthOct-09 vs. Oct-10: The number of Sold properties is down 36%


Time Period

Full Market

# Properties Median Price Average DOM

Bank Properties

# Properties % Bank Median Price

Non-Bank Properties

# Properties % Non-Bank Median Price

Oct-10 975,00023 82 1 4.3 1,100,000 22 95.7 972,000

Sep-10 997,50028 64 2 7.1 687,750 26 92.9 1,029,500

Aug-10 950,00022 66 3 13.6 700,000 19 86.4 998,000

Jul-10 1,014,50022 64 1 4.5 920,000 21 95.5 1,049,000

Jun-10 1,119,50032 89 2 6.2 925,000 30 93.8 1,169,500

May-10 923,25022 86 2 9.1 600,000 20 90.9 937,750

Apr-10 970,00023 80 3 13.0 1,200,000 20 87.0 970,000

Mar-10 890,00025 111 5 20.0 900,000 20 80.0 883,500Feb-10 1,090,00013 131 3 23.1 620,000 10 76.9 1,104,000

Jan-10 885,00012 36 1 8.3 1,800,000 11 91.7 860,000

Dec-09 1,015,00021 92 2 9.5 1,100,000 19 90.5 1,015,000

Nov-09 850,00017 74 4 23.5 785,000 13 76.5 860,000

Oct-09 984,50036 100 2 5.6 588,000 34 94.4 1,019,500

Clarus MarketMetrics® 2 of 2 11/01/2010Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

6 of 21



Oct-10

22

Oct-09

15

%

+47%

Change

7

Oct-09 vs. Oct-10: The number of Under Contract properties is up 47%Under Contract Properties by Month


Oct-09 vs. Oct-10

Kimberly Jones




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


7 of 21



Under Contract Properties by MonthOct-09 vs. Oct-10: The number of Under Contract properties is up 47%


Time Period

Full Market


Bank Properties


Non-Bank Properties

# Properties % Non-Bank Median PriceOct-10 962,00022 63 899,50081.818985,00018.24

Sep-10 1,099,00016 102 1,099,000100.0160

Aug-10 959,00033 61 959,00097.032799,9993.01

Jul-10 1,100,00023 68 1,259,00082.619704,95017.44

Jun-10 985,00025 61 967,00096.0241,199,0004.01

May-10 1,254,00024 71 1,259,00095.823749,0004.21

Apr-10 992,00026 101 995,00088.523549,00011.53

Mar-10 1,104,50022 77 1,080,00086.4191,268,80013.63Feb-10 940,00023 90 1,039,00091.321894,9508.72

Jan-10 925,00019 133 925,00068.413842,50031.66

Dec-09 1,099,99911 70 1,149,00090.9101,099,0009.11

Nov-09 912,25020 66 899,50095.0191,100,0005.01

Oct-09 995,00015 102 995,00073.311875,00026.74


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Oct-10

30

Oct-09

27

%

+11%

Change

3

Oct-09 vs. Oct-10: The number of New properties is up 11%New Properties by Month


Oct-09 vs. Oct-10

Kimberly Jones




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


9 of 21



New Properties by MonthOct-09 vs. Oct-10: The number of New properties is up 11%


Time Period # Properties

Full Market

Median Price

Bank Properties


Non-Bank Properties

# Properties % Non-Bank Median PriceOct-10 997,00030 2 6.7 749,950 28 93.3 1,034,000

Sep-10 1,002,71030 7 23.3 1,010,420 23 76.7 995,000

Aug-10 997,00056 7 12.5 975,000 49 87.5 1,095,000

Jul-10 1,099,00045 5 11.1 799,999 40 88.9 1,099,500

Jun-10 1,207,25040 2 5.0 788,600 38 95.0 1,257,250

May-10 1,199,00060 2 3.3 851,500 58 96.7 1,199,450

Apr-10 1,199,80043 1 2.3 1,230,000 42 97.7 1,169,900

Mar-10 1,169,00043 5 11.6 895,000 38 88.4 1,197,000Feb-10 1,039,00035 2 5.7 814,450 33 94.3 1,050,000

Jan-10 1,008,50032 1 3.1 2,699,000 31 96.9 988,000

Dec-09 1,198,50024 9 37.5 935,000 15 62.5 2,900,000

Nov-09 1,099,99925 2 8.0 1,459,400 23 92.0 999,000

Oct-09 1,125,00027 2 7.4 739,250 25 92.6 1,195,000


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Oct-10

161

Oct-09

169

%

-5%

Change

-8

Oct-09 vs. Oct-10: The number of For Sale properties is down 5%For Sale Properties by Month


Oct-09 vs. Oct-10

Kimberly Jones




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


11 of 21



For Sale Properties by MonthOct-09 vs. Oct-10: The number of For Sale properties is down 5%


# PropertiesTime Period

Full Market


Bank Properties Non-Bank Properties

% Bank Median Price # Properties % Non-Bank Median PriceOct-10 1,225,000161 99 18 11.2 1,002,710 143 88.8 1,267,500

Sep-10 1,227,500180 118 21 11.7 975,000 159 88.3 1,295,000

Aug-10 1,199,000202 119 15 7.4 975,000 187 92.6 1,199,900

Jul-10 1,249,950182 128 14 7.7 799,500 168 92.3 1,289,000

Jun-10 1,249,500172 134 10 5.8 838,100 162 94.2 1,289,000

May-10 1,249,500174 137 10 5.8 839,500 164 94.2 1,287,000

Apr-10 1,239,500150 147 12 8.0 839,500 138 92.0 1,250,000

Mar-10 1,249,000139 152 14 10.1 839,500 125 89.9 1,259,000Feb-10 1,199,000137 148 14 10.2 849,950 123 89.8 1,249,000

Jan-10 1,299,000154 157 21 13.6 935,000 133 86.4 1,399,000

Dec-09 1,359,500150 173 23 15.3 935,000 127 84.7 1,494,900

Nov-09 1,295,000158 164 16 10.1 1,024,000 142 89.9 1,299,000

Oct-09 1,249,000169 169 18 10.7 914,500 151 89.3 1,295,000


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Oct-10

22

Oct-09

21

%

+5%

Change

1

Oct-09 vs. Oct-10: The number of Expired properties is up 5%Expired Properties by Month


Oct-09 vs. Oct-10

Kimberly Jones




Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


13 of 21



Expired Properties by MonthOct-09 vs. Oct-10: The number of Expired properties is up 5%


Time Period Median Price# Properties Average DOM

Full Market

# Properties % Bank Median Price Median Price# Properties

Bank Properties

% Non-Bank

Non-Bank Properties

Oct-10 1,264,50022 111 5 22.7 1,230,000 17 77.3 1,299,000

Sep-10 1,289,00033 128 5 15.2 829,000 28 84.8 1,337,500

Aug-10 1,289,00019 104 0 19 100.0 1,289,000

Jul-10 1,138,00013 74 2 15.4 799,000 11 84.6 1,169,000

Jun-10 1,472,00010 95 0 10 100.0 1,472,000

May-10 1,242,50018 106 1 5.6 895,000 17 94.4 1,285,000

Apr-10 1,594,50010 84 1 10.0 1,390,000 9 90.0 1,799,000

Mar-10 1,646,95010 148 0 10 100.0 1,646,950Feb-10 1,199,00018 70 3 16.7 850,000 15 83.3 1,199,000

Jan-10 2,695,00033 123 3 9.1 1,950,000 30 90.9 2,747,450

Dec-09 2,198,80017 213 2 11.8 745,000 15 88.2 2,395,000

Nov-09 1,034,00012 133 1 8.3 1,850,000 11 91.7 999,000

Oct-09 1,149,00021 145 0 21 100.0 1,149,000


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Oct-09 vs. Oct-10: The number of for sale properties is down 5% and the number of sold properties is down 36%


Oct-09 vs. Oct-10

169 -5%

Kimberly Jones

161

Oct-10

Supply & Demand by Month

ChangeOct-09 %

-8

Oct-09 Oct-10 %

36 -36%

Oct-09 vs. Oct-10

23

Change

-13



Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


15 of 21



Supply & Demand by MonthOct-09 vs. Oct-10: The number of for sale properties is down 5% and the number of sold properties is down 36%

Kimberly Jones Realty Source - South Bay Palos Verdes

Time Period For SaleFor Sale SoldSold# Properties Average DOM Average DOM# Properties

Oct-10 99 82161 23

Sep-10 118 64180 28

Aug-10 119 66202 22

Jul-10 128 64182 22

Jun-10 134 89172 32

May-10 137 86174 22

Apr-10 147 80150 23

Mar-10 152 111139 25

Feb-10 148 131137 13

Jan-10 157 36154 12

Dec-09 173 92150 21

Nov-09 164 74158 17

Oct-09 169 100169 36


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R lt S S th B P l V dKi b l J



Oct-10

63

Oct-09

102

%

-38%

Change

-39

Oct-09 vs. Oct-10: The average days on market is down 38%The Average Days on Market by Month


Oct-09 vs. Oct-10

Kimberly Jones



Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


17 of 21

Realty Source South Bay Palos VerdesKimberly Jones



The Average Days on Market by MonthOct-09 vs. Oct-10: The average days on market is down 38%


Time Period # UC UnitsAverage DOM

Oct-10 2263

Sep-10 16102

Aug-10 3361

Jul-10 2368

Jun-10 2561

May-10 2471

Apr-10 26101

Mar-10 2277

Feb-10 2390

Jan-10 19133

Dec-09 1170

Nov-09 2066

Oct-09 15102


18 of 21

Realty Source South Bay Palos VerdesKimberly Jones



Oct-09 vs. Oct-10: The average months supply of inventory is down 40%


Oct-09 vs. Oct-10

8.9 -40%

Kimberly Jones

5.3

Oct-10

Months Supply of Inventory

ChangeOct-09 %

-3.5



Sq Ft:

Rancho Palos Verdes


Period: All All

Property Types:

Cities:

All


19 of 21




Months Supply of InventoryOct-09 vs. Oct-10: The average months supply of inventory is down 40%


Time Period During MonthLast Day of Month DOMMSI# Units For Sale # UC Units UC Average

Oct-10 22 63117 5.3

Sep-10 16 102131 8.2

Aug-10 33 61150 4.5

Jul-10 23 68146 6.3

Jun-10 25 61137 5.5

May-10 24 71132 5.5

Apr-10 26 101114 4.4

Mar-10 22 77107 4.9

Feb-10 23 9096 4.2

Jan-10 19 133102 5.4

Dec-09 11 70122 11.1

Nov-09 20 66126 6.3

Oct-09 15 102133 8.9



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11/01/2010Clarus MarketMetrics®


Kimberly JonesRealty Source - South Bay Palos Verdes

Market Dynamics

21 of 21

Documents

Rancho Palos Verdes Oct '10 Report