August 2017 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions August 2017
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Transcript of August 2017 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for August
Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for August
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 17 23 6 35.29%
Median Sales Price 2,025,000 1,400,000 (625,000) -30.86%
Median Days to Sell 17 17 0 0.00%
Listings 59 42 -17 -28.81%
Sales/Listing Ratio 28.8% 54.8% 26.0% 90.28%
Months of Inventory 3.0 2.0 -1 -33.33%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 26 23 -3 -11.54%
Median Sales Price 1,771,250 1,400,000 (371,250) -20.96%
Median Days to Sell 40 17 -23 -57.50%
Listings 55 42 -13 -23.64%
Months of Inventory 3.0 2.0 -1 -33.33%
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Total Sales Month-to-Month by Map Area Jun Jul Aug
Hermosa Bch Sand 11 7 11
Hermosa Bch Valley 7 4 5
Hermosa Bch East 8 6 7
Total Sales 26 17 23
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2017 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Total Sales Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 12 13 11
Hermosa Bch Valley 3 5 5
Hermosa Bch East 8 8 7
Total Sales 23 26 23
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Total Sales Year-to-Year by Map Area: August
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Jun Jul Aug
Hermosa Bch Sand 1,890,000 1,894,000 2,850,000
Hermosa Bch Valley 1,125,000 2,582,500 1,400,000
Hermosa Bch East 1,667,000 1,805,000 1,325,000
Market Median Sales Price 1,717,500 2,025,000 1,400,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Jun Jul Aug
2017 Median Sales Price Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 1,437,500 2,650,000 2,850,000
Hermosa Bch Valley 1,475,000 1,879,000 1,400,000
Hermosa Bch East 1,300,000 1,340,000 1,325,000
Market Median Sales Price 1,425,000 1,771,250 1,400,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
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2015 2016 2017
Median Sales Price Year-to-Year by Map Area: August
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 33 22 26 36 30 36 32 20
Hermosa Bch Valley 15 8 13 12 9 6 8 6
Hermosa Bch East 11 13 12 12 16 20 19 16
Total Active Listings 59 43 51 60 55 62 59 42
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 33 22 26 36 30 36 32 20
Hermosa Bch Valley 15 8 13 12 9 6 8 6
Hermosa Bch East 11 13 12 12 16 20 19 16
Total Active Listings 59 43 51 60 55 62 59 42
Total Sales 14 9 13 17 22 26 17 23
Sales/Listings Ratio 23.7% 20.9% 25.5% 28.3% 40.0% 41.9% 28.8% 54.8%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
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Active Listings Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 33 35 20
Hermosa Bch Valley 14 10 6
Hermosa Bch East 6 10 16
Total Active Listings 53 55 42
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2015 2016 2017
Active Listings Year-to-Year by Map Area: August
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
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Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 8.0 7.0 3.0 7.0 2.0 3.0 5.0 2.0
Hermosa Bch Valley 3.0 8.0 - 2.0 3.0 1.0 2.0 1.0
Hermosa Bch East 3.0 3.0 4.0 3.0 4.0 3.0 3.0 2.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2.0 5.0 2.0 2.0 4.0 3.0 4.0 3.0 3.0 3.0 2.0 2.0
2016 4.0 2.0 3.0 4.0 4.0 3.0 3.0 3.0 4.0 3.0 4.0 5.0
2017 4.0 5.0 4.0 4.0 3.0 2.0 3.0 2.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2015
2016
2017
Summary Hermosa Beach real estate activity in August produced a 35.29% increase in total sales and a 90.28% spike in the sales-listing ratio metric. On the downside the median sales price dropped 30.86% while net listings fell 28.81%. Year-over-year months of inventory data point decreased 33.33% from August 2016 to 2017. In July, C.A.R. reported “’As we enter the second half of the year, we are likely to see some slowdown in sales that extends beyond the typical seasonality change,” said C.A.R. President Geoff McIntosh. “While the rate of closed sales indicates that California’s housing market has continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the housing market by putting homeownership out of reach for too many households.’" http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/july2017sales/ For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!
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Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 26 23 -3 -11.54%
Median Sales Price 1,771,250 1,400,000 (371,250) -20.96%
Median Days to Sell 40 17 -23 -57.50%
Listings 55 42 -13 -23.64%
Months of Inventory 3.0 2.0 -1 -33.33%
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 17 23 6 35.29%
Median Sales Price 2,025,000 1,400,000 (625,000) -30.86%
Median Days to Sell 17 17 0 0.00%
Listings 59 42 -17 -28.81%
Sales/Listing Ratio 28.8% 54.8% 26.0% 90.28%
Months of Inventory 3.0 2.0 -1 -33.33%
About
Hady Chahine…
Serving South Bay Home Buyers and Sellers Since 2001
RE/MAX Top 4 Team in California – 2012
RE/MAX 100% Club - 2011
Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010
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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for
any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet
Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy
of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal
inspection by and/or with the appropriate professionals.
Hady Chahine
• 310-404-5361
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