December 2013 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions December 2013
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Hermosa Beach real estate statistics and analysis for December 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Transcript of December 2013 Hermosa Beach Real Estate Market Trends Update
Hermosa Beach Residential Real Estate
Market Conditions December 2013
Table of
Contents
Key Statistics for December
Sales 2013 Residential Sales Stats: Oct - Dec Year-to-Year Total Sales by Map Area: Dec Median 2013 Median Sales Stats: Oct - Dec Year-to-Year Median Sales by Map Area: Dec Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Dec Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for January
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for December
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 16 -3 -15.79%
Median Sales Price 1,089,000 1,022,500 (66,500) -6.11%
Median Days to Sell 50 46 -4 -8.00%
Listings 40 29 -11 -27.50%
Sales/Listing Ratio 47.5% 55.2% 7.7% 16.21%
Inventory Turnover 3.4 1.7 -1.7 -50.00%
Monthly Comparison Year-to-Year Dec 2012 Dec 2013 Delta Delta Increase Decrease
Total Sales 28 16 -12 -42.86%
Median Sales Price 987,500 1,022,500 35,000 3.54%
Median Days to Sell 34 46 12 35.29%
Listings 49 29 -20 -40.82%
Inventory Turnover 3.1 2.1 -1 -32.26%
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Oct Nov Dec
2013 Residential Sales Statistics: Oct - Dec
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Residential Sales by Map Area Oct Nov Dec YTD
Hermosa Bch Sand 9 9 6 9
Hermosa Bch Valley 5 5 4 5
Hermosa Bch East 8 5 6 8
Total Monthly Sales 22 19 16 22
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2011 2012 2013
Total Sales by Map Area: Year-to-Year for December
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Sales by Map Area: Year-to-Year for December 2011 2012 2013
Hermosa Bch Sand 4 15 6
Hermosa Bch Valley 5 8 4
Hermosa Bch East 5 5 6
Total Sales 14 28 16
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Oct Nov Dec
2013 Median Sales Price Statistics: Oct - Dec
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Median Sales Price by Map Area Oct Nov Dec
Hermosa Bch Sand 1,425,000 1,599,000 1,190,000
Hermosa Bch Valley 1,399,000 965,000 979,250
Hermosa Bch East 845,500 425,000 1,053,500
Market Median Sale Price 1,300,000 1,089,000 1,022,500
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
2011 2012 2013
Median Sale Price by Map Area: Year-to-Year for December
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sale Price
Median Sale Price by Map Area: Year-to-Year for December 2011 2012 2013
Hermosa Bch Sand 2,175,000 1,400,000 1,190,000
Hermosa Bch Valley 805,000 740,000 979,250
Hermosa Bch East 799,000 845,000 1,053,500
Market Median Sale Price 861,000 987,500 1,022,500
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 18 19 26 30 23 19 15 17 20 21 12 9
Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 17 11 10
Hermosa Bch East 12 18 16 16 18 20 21 16 18 13 17 10
Total Active Listings 47 52 59 66 63 57 51 47 54 51 40 29
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2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 18 19 26 30 23 19 15 17 20 21 12 9
Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 17 11 10
Hermosa Bch East 12 18 16 16 18 20 21 16 18 13 17 10
Total Active Listings 47 52 59 66 63 57 51 47 54 51 40 29
Total Sales 8 12 16 19 26 20 30 30 15 22 19 16
Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8% 43.1% 47.5% 55.2%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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2011 2012 2013
Active Listings by Map Area: Year-to-Year for December
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Active Listings by Map Area: Year-to-Year for December 2011 2012 2013
Hermosa Bch Sand 32 29 9
Hermosa Bch Valley 6 9 10
Hermosa Bch East 26 11 10
Total Active Listings 64 49 29
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 6.0 3.8 3.8 3.8 2.1 2.7 1.4 1.3 2.9 1.9 1.3 1.5
Hermosa Bch Valley 8.5 - - 4.0 2.8 3.0 1.7 2.3 5.3 2.6 2.2 2.5
Hermosa Bch East 4.0 2.6 2.6 2.7 2.6 2.9 2.1 1.5 3.6 2.6 3.4 1.7
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
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Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 7.6 19.0 10.2 10.3 3.4 4.5 5.1 4.8 5.9 7.6 6.4 4.6
2012 5.9 4.4 3.3 5.1 3.7 4.5 3.8 4.0 3.2 4.1 3.1 1.8
2013 5.9 4.3 3.7 3.5 2.4 2.9 1.7 1.6 3.6 2.3 2.1 1.8
Outlook for January
Overall residential real estate stats for December compared to November turned out to meet market
expectations with total sales, median sales price, and number of listings all trending slightly downward. In
contrast, however, the median days to sell, sales/listing ratio, and inventory turnover presented more
promising results.
With this in mind, January 2014 is a new start for everyone in real estate! Opportunities to buy and sell
are abundant and the cost to borrow remains historically low. Thus, for questions related to either need
please feel free to contact me.
Your recap…
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Month-to-Month Comparison Nov 2013 Dec 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 16 -3 -15.79%
Median Sales Price 1,089,000 1,022,500 (66,500) -6.11%
Median Days to Sell 50 46 -4 -8.00%
Listings 40 29 -11 -27.50%
Sales/Listing Ratio 47.5% 55.2% 7.7% 16.21%
Inventory Turnover 3.4 1.7 -1.7 -50.00%
About the Mother & Son
South Bay Real Estate Team…
Serving South Bay Home Buyers and Sellers Since 1989
RE/MAX Top 4 Team in California – 2012
RE/MAX 100% Club - 2011
Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010
Shorewood Realtors Top Producing Agent (Hassana 1989-2001)
ABR, RS, GRI, BPOR, SBAOR, CAR, NAR, IRES
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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.
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings
Blog: http://HHCRealEstate.com/real-estate-news/
Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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