February 2014 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions February 2014
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Hermosa Beach real estate statistics and analysis for February 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Transcript of February 2014 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for February
Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for March
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for February
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 878,000 1,407,250 529,250 60.28%
Median Days to Sell 51 13 -38 -74.51%
Listings 33 38 5 15.15%
Sales/Listing Ratio 36.4% 36.8% 0.4% 1.10%
Months of Inventory 2.8 2.7 -0.1 -3.57%
Monthly Comparison Year-to-Year Feb 2013 Feb 2014 Delta Delta Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 900,500 1,407,250 506,750 56.27%
Median Days to Sell 31 13 -18 -58.06%
Listings 52 38 -14 -26.92%
Months of Inventory 4.3 2.7 -1.6 -37.21%
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2014 Residential Sales by Map Area Jan Feb YTD
Hermosa Bch Sand 3 6 3
Hermosa Bch Valley 5 4 5
Hermosa Bch East 4 4 4
Total Monthly Sales 12 14 12
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2014 Residential Sales Statistics: February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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Sales by Map Area: Year-to-Year for February 2012 2013 2014
Hermosa Bch Sand 9 5 6
Hermosa Bch Valley 4 0 4
Hermosa Bch East 1 7 4
Total Sales 14 12 14
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Total Sales by Map Area: Year-to-Year for February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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2014 Median Sales Price by Map Area Jan Feb
Hermosa Bch Sand 1,165,000 1,587,500
Hermosa Bch Valley 1,001,500 1,327,250
Hermosa Bch East 715,250 1,290,000
Market Median Sales Price 878,000 1,407,250
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Jan Feb
2014 Median Sales Price Statistics: February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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Median Sales Price by Map Area: Year-to-Year for February 2012 2013 2014
Hermosa Bch Sand 1,169,000 1,867,500 1,587,500
Hermosa Bch Valley 1,092,500 - 1,327,250
Hermosa Bch East 323,000 896,000 1,290,000
Market Median Sales Price 1,092,500 900,500 1,407,250
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2012 2013 2014
Median Sales Price by Map Area: Year-to-Year for February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16
Hermosa Bch Valley 11 10
Hermosa Bch East 8 12
Total Active Listings 33 38
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16
Hermosa Bch Valley 11 10
Hermosa Bch East 8 12
Total Active Listings 33 38
Total Sales 12 14
Sales/Listings Ratio 36.4% 36.8%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
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Active Listings by Map Area: Year-to-Year for February 2012 2013 2014
Hermosa Bch Sand 30 19 16
Hermosa Bch Valley 13 15 10
Hermosa Bch East 19 18 12
Total Active Listings 62 52 38
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2012 2013 2014
Active Listings by Map Area: Year-to-Year for February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 4.7 2.7
Hermosa Bch Valley 2.2 2.5
Hermosa Bch East 2.0 3.0
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0.5
1.0
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2.0
2.5
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5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 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
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
2014 2.8 2.7
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1.0
2.0
3.0
4.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2012
2013
2014
Outlook for March
Real estate market activity for Hermosa Beach during the month of February was extremely reassuring
given the positive trending stats recorded for total sales, median sales price, median days to sell, listings,
sales/listings ratio, and months of inventory.
So what’s in store for March? Well, considering recent market behavior the only likely caveat that might
adversely impact last month’s trending performance is what we all love – taxes. Urrr! But then again, for
those expecting sizable returns stepping up in the size and quality of home could be less of a dream and
more of a reality.
Your recap…
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Month-to-Month Comparison Jan 2014 Feb 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 878,000 1,407,250 529,250 60.28%
Median Days to Sell 51 13 -38 -74.51%
Listings 33 38 5 15.15%
Sales/Listing Ratio 36.4% 36.8% 0.4% 1.10%
Months of Inventory 2.8 2.7 -0.1 -3.57%
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.
Hady Chahine [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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