RE/MAX SouthBay Market Intelligence Report

TheSouth BayMarket Intelligence Report

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 report covers Manhattan Beach, Hermosa

Beach, Redondo Beach, El Segundo, Torrance, Hawthorne, Gardena, Lawndale and Lomita.

ESTATE PROPERTIES

ESTATE PRO

PERTIES

ESTATE PROPERTIES

Junly 2016

BEVERLY HILLS9454 Wilshire Blvd. Suite 600

Beverly Hills, CA 90212Phone: 310.205.0050

WEST LOS ANGELES10931 W. Pico Blvd.

Los Angeles, CA 90064Phone: 310.202.8141

SANTA MONICA620 Santa Monica Blvd. Suite B

Santa Monica, CA 90401Phone: 310.264.2225

MARINA DEL REY / VENICE124 & 155 Washington Blvd.

Marina Del Rey, CA 90292Phone: 310.577.5300

ABBOT KINNEY1413 Abbot Kinney Blvd.

Venice, CA 90291Phone: 310.396.2600

EL SEGUNDO402 Main Street

El Segundo, CA 90245Phone: 310.322.1425

MANHATTAN BEACH DOWNTOWN

1401 Highland AvenueManhattan Beach, CA 90266

Phone: 310.937.5700

MANHATTAN BEACH BLVD1040 Manhattan Beach Blvd.Manhattan Beach, CA 90266

Phone: 310.376.2225

ESTATE PROPERTIESESTATE PROPERTIES

HERMOSA BEACH2601 Pacific Coast Hwy. #101

Hermosa Beach, CA 90254Phone: 310.937.3200

REDONDO BEACH1720 S. Elena Avenue

Redondo Beach, CA 90277Phone: 310.378.7747

SOUTH BAY23740 Hawthorne Blvd.

2nd FloorTorrance, CA 90505

Phone: 310.378.9889

MALAGA COVE63 Malaga Cove PlazaPalos Verdes Estates,

CA 90274Phone: 310.378.9494

SILVER SPUR450 Silver Spur RoadRancho Palos Verdes,

CA 90275Phone: 310.544.9999

MIRALESTE5 Miraleste Plaza

Rancho Palos Verdes, CA 90275

Phone: 310.831.0222

SAN PEDRO COASTLINE1416 W 25th Street

San Pedro, CA 90732Phone: 310.831.0150

Photography courtesy ofBrian Holm, AvenueEye.com

http://AvenueEye.com


SouthBay Market Intelligence

RE/MAX Estate Properties tracks key data points in significant cities and areas throughout the SouthBay.

This Market Intelligence Report monitors

Manhattan Beach

Hermosa Beach

Redondo Beach

El Segundo

Torrance

Hawthorne

Lawndale

Lomita

Gardena

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 July 2016 are based on data available at the end of June 2016. 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.

Photography courtesy of Brian Holm, AvenueEye.com

http://AvenueEye.com

June Stats

Avg. & Median Price by Month

YearOver June June % Year 2015 2016 Change

Median Sold Price

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)

$2,400 $1,875 -22%

$933 $933 0%

73 126 73%

36 39 8%

35 38 9%

48 46 -4%

2.1 3.3 57%

47.9 30.2 -37%

$1,875,000

$2,081,000

126

39

38

46

Manhattan Beach

$1,875

$2,081

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016


June StatsYearOver June June % Year 2015 2016 Change

$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




$1,250 $1,240 -1%

$717 $868 21%

42 58 38%

13 31 138%

21 22 5%

37 60 62%

2 2.6 30%

50 37.9 -24%

herMosa Beach

$1,240,000

$1,648,000

58

31

22

60

$1,240

$1,648

$-

$500

$1,000

$1,500

$2,000

$2,500

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

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


Properties for Sale


Properties Sold




redondo Beach

$865 $916 6%

$502 $565 13%

91 106 16%

92 109 18%

91 89 -2%

44 31 -30%

1 1.2 20%

100 84 -16%

$916,000

$993,000

106

109

89

31

$916

$993

$-

$200

$400

$600

$800

$1,000

$1,200

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




el segundo

$920 $1,121 22%

$546 $605 11%

16 22 38%

9 11 22%

9 17 89%

20 45 125%

1.8 1.3 -28%

56.3 77.3 37%

$1,121,000

$1,234,000

22

11

17

45

$1,121

$1,234

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

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


Properties for Sale


Properties Sold




torrance

$640 $695 9%

$446 $468 5%

131 152 16%

119 143 20%

113 119 5%

44 43 -2%

1.2 1.3 8%

86.3 78.3 -9%

$695,000

$774,000

152

143

119

43

$695

$774

$-

$100

$200

$300

$400

$500

$600

$700

$800

$900

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




hawthorne

$530 $586 11%

$353 $418 18%

39 41 5%

39 36 -8%

43 36 -16%

55 29 -47%

0.9 1.1 22%

110.3 87.8 -20%

$586,000

$587,000

41

36

36

29

$586 $587

$-

$100

$200

$300

$400

$500

$600

$700

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

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


Properties for Sale


Properties Sold




lawndale

$450 $511 14%

$344 $382 11%

28 17 -39%

10 12 20%

12 13 8%

57 29 -49%

2.3 1.3 -43%

42.9 76.5 78%

$511,000

$505,000

17

12

13

29

$511

$505

$-

$100

$200

$300

$400

$500

$600

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016



$1,655

$2,593

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Median Average

Median Sold Price

Average Sold Price

Listings for Sale

Listings Pending

Listings Sold

Days On Market

Median Price


Properties for Sale


Properties Sold




loMita

$551 $602 9%

$377 $350 -7%

27 24 -11%

19 22 16%

18 18 0%

45 45 0%

1.5 1.3 -13%

66.7 75 12%

$602,000

$594,000

24

22

18

45

$602 $594

$-

$100

$200

$300

$400

$500

$600

$700

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

June Stats



Median Sold Price

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


Properties for Sale


Properties Sold




gardena

$383 $435 14%

$298 $328 10%

47 43 -9%

45 46 2%

48 35 -27%

37 54 46%

1 1.2 20%

102.1 81.4 -20%

$435,000

$431,000

43

46

35

54

$435

$431

$-

$100

$200

$300

$400

$500

$600

Jun.2015

July2015

Aug.2015

Sept.2015

Oct.2015

Nov.2015

Dec.2015

Jan.2016

Feb.2016

Mar.2016

Apr.2016

May2016

Jun.2016

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© 2016 RE/MAX Estate Properties


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Documents

RE/MAX SouthBay Market Intelligence Report