Market Intelligence Report - Maureen Megowan

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Vol 6 November 2020Market Intelligence ReportSouth Bay EditionDelivering the facts and trends of the most relevant marketactivities as they unfold in the South Bay real estate communityRE/MAX Estate Properties600 Local Agents 12 Offices Luxury ResidentialCommercial Investment Division InternationalLic # 00450665, 00402754, 01879720310.541.6416 mdmegowan@gmail.comwww.maureenmegowan.comRE/MAX Hall of Fame RE/MAX Platinum & 100% Club CLHMS-Luxury Home Specialist PV & Seniors Specialist DRE #01368971.

SouthBay Market IntelligenceRE/MAX Estate Properties tracks key data pointsin significant cities and areas throughout theSouthBay.El Segundo.4Gardena.5Hawthorne.6Hermosa Beach.7Lawndale.8Lomita.9Manhattan Beach.10Redondo Beach.11San Pedro.12Torrance.13

Market Intelligence GlossaryMedian Price:Median Price is the price of the property that falls in the middle ofthe 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 itssquare 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 theyhave 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 onthe market.Months Supply Of Inventory:This is calculated by dividing the total number of homes for salein a particular month by the number of homes that sold in thatmonth.Properties Pending sale:The number of properties placed in escrow during any givenmonth.Absorption rate (closed sales):This is the rate at which properties sell. It is the number ofproperties sold divided by the total number of properties for sale.Report Notes:Reports published in November 2020 are based on data availableat the end of October 2020. All reports presented are based ondata supplied by the CRMLS or TheMLS and Trendgraphix. Neitherthe Association nor its MLS guarantees or is in anyway responsiblefor its accuracy. Information deemed reliable but not guaranteed.

El SegundoOCTOBER STATSKey Facts: 1,469,000Median Sold Price 1,423,000Average Sold Price20OCTOBER2019%Change 848 1,46973%Average Price Per Sq. Foot 560 68623%Properties for Sale132054%Properties Pending Sales111318%Properties Sold81363%Days on Market (Sold Homes)2920-31%Monthly Supply of Inventory1.61.5-6%Absorption Rate (Closed Sales) 61.5656%AVERAGE & MEDIAN PRICE 1,800Listings Pending2020Median Price (in 1,000)Listings for Sale13OCTOBER 3,500 1,600 1,400 3,00013 1,200 2,593 2,500Listings Sold 1,000 2,000 1,655 80020Days On Market 1,500 600 1,000 400 500 200 - y2020Jun Jul 2020 Aug20202020AverageSep2020Oct2020

GardenaOCTOBER STATSKey Facts: 643,000Median Sold Price 622,000Average Sold Price29OCTOBER2019Listings Pending2020%ChangeMedian Price (in 1,000) 525 64322%Average Price Per Sq. Foot 423 4363%Properties for Sale4429-34%Properties Pending Sales414715%Properties Sold3328-15%Days on Market (Sold Homes)2919-34%Monthly Supply of Inventory1.31-23%Absorption Rate (Closed Sales)7596.629%Listings for Sale47OCTOBERAVERAGE & MEDIAN PRICE 622 3,500 700 643 3,000 60028 2,593 2,500 500Listings Sold 2,000 400 1,65519Days On Market 1,500 300 1,000 200 100 500 - Oct Nov Dec Jan Feb Mar Apr May JunJul Aug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

HawthorneOCTOBER STATSKey Facts: 728,000Median Sold Price 760,000Average Sold Price28OCTOBEROCTOBER2020%ChangeMedian Price (in 1,000) 789 728-8%Average Price Per Sq. Foot 525 5342%Properties for Sale3928-28%Properties Pending Sales304240%Properties Sold314235%Days on Market (Sold Homes)25264%Monthly Supply of Inventory1.30.7-46%15089%2019Absorption Rate (Closed Sales) 79.5Listings for Sale42Listings PendingAVERAGE & MEDIAN PRICE 3,500 900 760 800 728 3,000 70042 2,593 2,500 600Listings Sold 2,000 500 1,655 40026Days On Market 1,500 300 1,000 200 500 100 - Oct Nov Dec Jan Feb Mar Apr May JunJul Aug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

Hermosa BeachOCTOBER STATSKey Facts: 1,795,000Median Sold Price 2,298,000Average Sold Price67OCTOBEROCTOBER2020%ChangeMedian Price (in 1,000) 1,851 1,795-3%Average Price Per Sq. Foot 965 1,16821%Properties for Sale606712%Properties Pending Sales18180%Properties Sold131731%Days on Market (Sold Homes)485310%Monthly Supply of Inventory4.63.9-15%Absorption Rate (Closed Sales) 21.725.417%2019Listings for Sale18Listings PendingAVERAGE & MEDIAN PRICE 3,000 3,500 2,298 2,500 3,00017 1,795 2,593 2,000 2,500Listings Sold 2,000 1,50053Days On Market 1,655 1,500 1,000 1,000 500 500 - -Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

LawndaleOCTOBER STATSKey Facts: 700,000Median Sold Price 672,000Average Sold PriceOCTOBER2019Listings Pending%Change 663 7006%Average Price Per Sq. Foot 475 430-9%Properties for Sale101440%Properties Pending Sales7814%Properties Sold1020100%Days on Market (Sold Homes)27284%10.7-30%142.943%Absorption Rate (Closed Sales) 100Listings for Sale82020Median Price (in 1,000)Monthly Supply of Inventory14OCTOBERAVERAGE & MEDIAN PRICE 3,500 672 800 700 3,000 70020Listings Sold 2,593 600 2,500 500 2,000 1,655 40028Days On Market 1,500 300 1,000 200 500 100 - -Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

LomitaOCTOBER STATSKey Facts: 660,000Median Sold Price 677,000Average Sold Price18OCTOBER2019Listings PendingListings Sold%Change 775 660-15%Average Price Per Sq. Foot 424 48113%Properties for Sale151820%Properties Pending Sales162131%Properties Sold121633%Days on Market (Sold Homes)4212-71%Monthly Supply of Inventory1.31.1-15%Absorption Rate (Closed Sales)8088.911%AVERAGE & MEDIAN PRICE 3,500 900 3,000 800162020Median Price (in 1,000)Listings for Sale21OCTOBER 677 2,593 700 660 2,500 600 2,000 50012Days On Market 1,655 400 1,500 300 1,000 200 500 100 - Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

Manhattan BeachOCTOBER STATSKey Facts: 2,880,000Median Sold Price 3,215,000Average Sold Price109OCTOBER2019Listings PendingListings Sold 2,88035%Average Price Per Sq. Foot 1,014 1,11710%Properties for Sale1011098%Properties Pending Sales5039-22%Properties Sold2351122%Days on Market (Sold Homes)6740-40%Monthly Supply of Inventory4.42.1-52%46.8105%Absorption Rate (Closed Sales) 22.8AVERAGE & MEDIAN PRICE 3,500 4,000 3,215 2,880 2,593 3,000 2,500 2,500 2,000 1,655 2,00040Days On Market%Change 2,129 3,000 3,500512020Median Price (in 1,000)Listings for Sale39OCTOBER 1,500 1,500 1,000 1,000 500 500 - -Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

Redondo BeachOCTOBER STATSKey Facts:OCTOBER2020%Change 1,096 1,075-2% 636 623-2%Properties for Sale11186-23%Properties Pending Sales67704%Properties Sold688119%Days on Market (Sold Homes)26260%Monthly Supply of Inventory1.61.1-31%94.254%OCTOBER2019Median Price (in 1,000) 1,075,000Median Sold Price 1,166,000Average Sold Price86Average Price Per Sq. FootAbsorption Rate (Closed Sales) 61.3Listings for Sale70Listings PendingAVERAGE & MEDIAN PRICE 3,500 1,600 1,166 1,400 3,00081Listings Sold 1,075 2,593 1,200 2,500 1,000 2,000 1,655 80026Days On Market 1,500 600 1,000 400 500 200 Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

San PedroOCTOBER STATSKey Facts: 610,000Median Sold Price 652,000Average Sold Price56OCTOBER2019Listings PendingListings Sold 6107%Average Price Per Sq. Foot 419 48816%Properties for Sale9356-40%Properties Pending Sales495614%Properties Sold485821%Days on Market (Sold Homes)3721-43%Monthly Supply of Inventory1.91-47%103.6101%Absorption Rate (Closed Sales) 51.6AVERAGE & MEDIAN PRICE 3,500 800 652 610 2,593 600 2,500 500 2,000 1,655 40021Days On Market%Change 570 3,000 700582020Median Price (in 1,000)Listings for Sale56OCTOBER 1,500 300 1,000 200 500 100 - Oct Nov Dec JanFeb Mar Apr May JunJulAug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

TorranceOCTOBER STATSKey Facts: 914,000Median Sold Price 982,000Average Sold Price92OCTOBER2019Listings PendingListings Sold%Change 800 91414%Average Price Per Sq. Foot 545 5501%Properties for Sale11092-16%Properties Pending Sales879610%Properties Sold9210312%Days on Market (Sold Homes)3616-56%Monthly Supply of Inventory1.20.9-25%11234%Absorption Rate (Closed Sales) 83.6AVERAGE & MEDIAN PRICE 1,200 3,500 982 3,000 1,0001032020Median Price (in 1,000)Listings for Sale96OCTOBER 914 2,593 2,500 800 2,000 1,655 60016Days On Market 1,500 400 1,000 200 500 - Oct Nov Dec Jan Feb Mar Apr May JunJul Aug Sep Oct2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020MedianAverage

FIND OUT WHAT YOUR HOME IS WORTHCALL Maureenat 310.541.6416RE/MAX Hall of Fame RE/MAX Platinum & 100% ClubCLHMS-Luxury Home Specialist PV & Seniors Specialist

Days on Market (Sold Homes) Monthly Supply of Inventory 1.6 Absorption Rate (Closed Sales) 61.3 1,075,000 1,166,000 86 70 81 26 1,096 1,075 -2% 623 -2% 11186 -23% 6770 4% 6881 19% 26 0% 1.1 -31% 94.2 54% Redondo Beach 1,075 1,166 - 200 400 600 800 1,000 1,200 1,400 1,600 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr .

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