M A R K E T I N S I G H TR E P O R T

P U B L I S H E D M A Y , 2 0 1 6

Designed to give you a quick, complete overview of both current and past market conditions, this South Bay Market Insight report covers select regions in the South Bay and Greater Los Angeles regions.

M A R K E T I N S I G H T R E P O R T SB Y S H O R E W O O D R E A L T O R S

First , we research Year Over Year statist ics , compi led from careful ly col lected sales data.

Percent change—which was calculated by subtracting past value from current value, and dividing that product by past value—gives you a quick snapshot of how each micro-market has improved or worsened over the past year for that particular metric .

Yearly Median Price graph tracks the median price of properties for each month over the past year. The median price is not the same as average price; i t is the price of the property that fa l ls in the middle of the total number of properties for sale in that particular micro-market .

Key Stats section i l lustrates Median Sales Price, Average Sales Price of Closed Sales, List ings for Sale, List ings Under Contract , and Properties Sold.

On the next page you wi l l find an explanation of how each value was determined.

O F F I C E L O C A T I O N S

16 Malaga Cove Plaza

Palos Verdes Estates, CA 90274

310.698.1555

916 Manhattan Avenue

Manhattan Beach, CA 90266

310. 349. 3000

431 Main Street

El Segundo, CA 90245

310. 322.4900

2141 Rosecrans Avenue, Ste. 1 160

El Segundo, CA 90245

310. 349. 3000

3300 Highland Ave

Manhattan Beach, CA 90266

310.546.7561

1009 Torrance Boulevard

Redondo Beach, CA 90277

310. 316.8464

D E S C R I P T I O N S O F K E YM A R K E T I N D I C A T O R S

MEDIAN PRICE: Not to be confused with Average Price, Median Price is the price of the property that falls in the middle of the total number of properties for sale in that particular micro-market. Extremely high and extremely low prices do not affect the median the way they do the average.

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 in the area that month.

PROPERTIES SOLD: The number of properties that closed escrow and changed ownership during the month.

PROPERTIES UNDER CONTRACT: The number of properties that are in escrow.

PROPERTIES FOR SALE: The number of properties that are for sale on the market.

DAYS ON MARKET (CLOSED SALES): The average number of days that properties were on the market, from date of initial listing to date they entered escrow.

MONTHS SUPPLY OF INVENTORY: The number of months it would take for all the current homes for sale in that micro-market to sell if no new listings were added. 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. Four to five months’ supply is average. A smaller number means there are more buyers than sellers; a larger number means more sellers than buyers. ABSORPTION RATE (CLOSED SALES): This is the rate at which properties sell. It is found by taking the number of properties sold and dividing it by the total number of properties for sale. This measures the inverse of Monthly Supply of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory.

PERCENT UNDER CONTRACT: The ratio of properties for sale to properties pending sale.

AVERAGE MEDIAN PRICE: The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month

LEGAL All reports are published May 2016, based on data available at the end of April 2016. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

MANHATTAN BEACH

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)2100 2150 2.38%

Average Price Per Sq. Foot972 951 -2.16%

Properties Sold31 32 3.23%

Properties Pending Sale36 42 16.67%

Properties for Sale54 101 87.04%

Days on Market (Sold Homes)47 41 -12.77%

Monthly Supply of Inventory1.7 3.2 88.24%

Absorption Rate (Closed Sales)57.4 31.7 -44.77%

Median Sales Price* $2,098,154

Average Sales Price (Closed)*$2,447,846

Listings for Sale 101

Under Contract 42

Sold 32

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410447 450

355

449 454 475537

420455

497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

HERMOSA BEACH

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)1405 1508 7.33%

Average Price Per Sq. Foot1241 817 -34.17%

Properties Sold30 20 -33.33%

Properties Pending Sale21 24 14.29%

Properties for Sale35 51 45.71%

Days on Market (Sold Homes)46 64 39.13%

Monthly Supply of Inventory1.2 2.6 116.67%

Absorption Rate (Closed Sales)85.7 39.2 -54.26%

Median Sales Price* $1,456,154

Average Sales Price (Closed)*$1,806,692

Listings for Sale 51

Under Contract 24

Sold 20

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

SOUTH REDONDO

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)1053 1050 -0.28%

Average Price Per Sq. Foot544 590 8.46%

Properties Sold38 38 0.00%

Properties Pending Sale45 51 13.33%

Properties for Sale59 55 -6.78%

Days on Market (Sold Homes)30 45 50.00%

Monthly Supply of Inventory1.6 1.4 -12.50%

Absorption Rate (Closed Sales)64.4 69.1 7.30%

Median Sales Price* $976,385

Average Sales Price (Closed)*$1,080,538

Listings for Sale 55

Under Contract 51

Sold 38

April, 2016

410 447 450355

449 454 475 537420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

NORTH REDONDO

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)816 885 8.46%

Average Price Per Sq. Foot456 488 7.02%

Properties Sold47 53 12.77%

Properties Pending Sale52 54 3.85%

Properties for Sale56 29 -48.21%

Days on Market (Sold Homes)47 44 -6.38%

Monthly Supply of Inventory1.2 0.5 -58.33%

Absorption Rate (Closed Sales)83.9 182.8 117.88%

Median Sales Price* $839,615

Average Sales Price (Closed)*$859,538

Listings for Sale 29

Under Contract 54

Sold 53

April, 2016

410 447 450355

449 454 475 537420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

WEST TORRANCE

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)699 735 5.15%

Average Price Per Sq. Foot427 465 8.90%

Properties Sold39 29 -25.64%

Properties Pending Sale32 40 25.00%

Properties for Sale35 27 -22.86%

Days on Market (Sold Homes)36 48 33.33%

Monthly Supply of Inventory0.9 0.9 0.00%

Absorption Rate (Closed Sales)111.4 107.4 -3.59%

Median Sales Price* $690,308

Average Sales Price (Closed)*$683,000

Listings for Sale 27

Under Contract 40

Sold 29

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

SOUTH TORRANCE

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)699 735 5.15%

Average Price Per Sq. Foot427 465 8.90%

Properties Sold39 29 -25.64%

Properties Pending Sale32 40 25.00%

Properties for Sale35 27 -22.86%

Days on Market (Sold Homes)36 48 33.33%

Monthly Supply of Inventory0.9 0.9 0.00%

Absorption Rate (Closed Sales)111.4 107.4 -3.59%

Median Sales Price* $690,308

Average Sales Price (Closed)*$683,000

Listings for Sale 27

Under Contract 40

Sold 29

April, 2016

410 447 450355

449 454 475537

420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

PALOS VERDES

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)1083 1025 -5.36%

Average Price Per Sq. Foot590 507 -14.07%

Properties Sold48 46 -4.17%

Properties Pending Sale46 60 30.43%

Properties for Sale118 109 -7.63%

Days on Market (Sold Homes)67 66 -1.49%

Monthly Supply of Inventory2.5 2.4 -4.00%

Absorption Rate (Closed Sales)40.7 42.2 3.69%

Median Sales Price* $1,113,308

Average Sales Price (Closed)*$1,254,692

Listings for Sale 109

Under Contract 60

Sold 46

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

ROLLING HILLS

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)1405 1508 7.33%

Average Price Per Sq. Foot1241 817 -34.17%

Properties Sold30 20 -33.33%

Properties Pending Sale21 24 14.29%

Properties for Sale35 51 45.71%

Days on Market (Sold Homes)46 64 39.13%

Monthly Supply of Inventory1.2 2.6 116.67%

Absorption Rate (Closed Sales)85.7 39.2 -54.26%

Median Sales Price* $1,456,154

Average Sales Price (Closed)*$1,806,692

Listings for Sale 51

Under Contract 24

Sold 20

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

PALOS VERDES ESTATES

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)1870 1740 -6.95%

Average Price Per Sq. Foot583 641 9.95%

Properties Sold17 11 -35.29%

Properties Pending Sale18 23 27.78%

Properties for Sale38 58 52.63%

Days on Market (Sold Homes)91 53 -41.76%

Monthly Supply of Inventory2.2 5.3 140.91%

Absorption Rate (Closed Sales)44.7 19 -57.49%

Median Sales Price* $1,719,308

Average Sales Price (Closed)*$2,020,846

Listings for Sale 58

Under Contract 23

Sold 11

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

EL SEGUNDO

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)788 973 23.48%

Average Price Per Sq. Foot567 618 8.99%

Properties Sold14 14 0.00%

Properties Pending Sale14 18 28.57%

Properties for Sale10 18 80.00%

Days on Market (Sold Homes)56 54 -3.57%

Monthly Supply of Inventory0.7 1.3 85.71%

Absorption Rate (Closed Sales)140 77.8 -44.43%

Median Sales Price* $1,004,308

Average Sales Price (Closed)*$1,053,923

Listings for Sale 18

Under Contract 18

Sold 14

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

HAWTHORNE

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)500 586 17.20%

Average Price Per Sq. Foot341 420 23.17%

Properties Sold34 38 11.76%

Properties Pending Sale45 43 -4.44%

Properties for Sale43 40 -6.98%

Days on Market (Sold Homes)54 44 -18.52%

Monthly Supply of Inventory1.3 1.1 -15.38%

Absorption Rate (Closed Sales)79.1 95 20.10%

Median Sales Price* $511,308

Average Sales Price (Closed)*$524,462

Listings for Sale 40

Under Contract 43

Sold 38

April, 2016

410 447 450355

449 454 475 537420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)

LAWNDALE

Year Over Year April 2015 April 2016 % Change

Median Price (in $,000)410 467 13.90%

Average Price Per Sq. Foot322 352 9.32%

Properties Sold9 16 77.78%

Properties Pending Sale12 15 25.00%

Properties for Sale23 17 -26.09%

Days on Market (Sold Homes)77 35 -54.55%

Monthly Supply of Inventory2.6 1.1 -57.69%

Absorption Rate (Closed Sales)39.1 94.1 140.66%

Median Sales Price* $454,769

Average Sales Price (Closed)*$447,231

Listings for Sale 17

Under Contract 15

Sold 16

April, 2016

Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16

410 447 450355

449 454 475537

420 455 497 496 467

12MONTHMEDIANPRICETRACKING(IN$,000)