Hermosa Beach Real Estate Market Conditions - September 2013
Hermosa Beach Real Estate Market Conditions - April 2014
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Hermosa Beach Residential Real Estate Market Conditions April 2014
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Transcript of Hermosa Beach Real Estate Market Conditions - April 2014
Table of
Contents
Key Statistics for April
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 May
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for April
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 11 31 20 181.82%
Median Sales Price 1,101,000 1,495,000 394,000 35.79%
Median Days to Sell 17 28 11 64.71%
Listings 50 48 -2 -4.00%
Sales/Listing Ratio 22.0% 64.6% 42.6% 193.64%
Months of Inventory 4.6 1.6 -3 -65.22%
Monthly Comparison Year-to-Year Apr 2013 Apr 2014 Delta Delta Increase Decrease
Total Sales 19 31 12 63.16%
Median Sales Price 1,140,000 1,495,000 355,000 31.14%
Median Days to Sell 44 28 -16 -36.36%
Listings 66 48 -18 -27.27%
Months of Inventory 3.5 1.6 -1.9 -54.29%
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Total Sales Month-to-Month by Map Area Feb Mar Apr
Hermosa Bch Sand 6 3 21
Hermosa Bch Valley 4 4 5
Hermosa Bch East 4 4 5
Total Sales 14 11 31
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35
Feb Mar Apr
2014 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 2012 2013 2014
Hermosa Bch Sand 11 8 21
Hermosa Bch Valley 2 5 5
Hermosa Bch East 2 6 5
Total Sales 15 19 31
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5
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2012 2013 2014
Total Sales Year-to-Year by Map Area: April
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Feb Mar Apr
Hermosa Bch Sand 1,587,500 1,549,000 1,565,000
Hermosa Bch Valley 1,327,250 965,500 1,170,000
Hermosa Bch East 1,290,000 1,154,500 1,390,000
Market Median Sales Price 1,407,250 1,101,000 1,495,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Feb Mar Apr
2014 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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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: April
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 1,330,000 1,401,500 1,565,000
Hermosa Bch Valley 1,347,000 952,000 1,170,000
Hermosa Bch East 1,242,500 865,000 1,390,000
Market Median Sales Price 1,330,000 1,140,000 1,495,000
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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 14 16 23 21
Hermosa Bch Valley 11 10 9 11
Hermosa Bch East 8 12 18 16
Total Active Listings 33 38 50 48
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5
10
15
20
25
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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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23 21
Hermosa Bch Valley 11 10 9 11
Hermosa Bch East 8 12 18 16
Total Active Listings 33 38 50 48
Total Sales 12 14 11 31
Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6%
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50
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 Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 40 30 21
Hermosa Bch Valley 17 20 11
Hermosa Bch East 20 16 16
Total Active Listings 77 66 48
0
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2012 2013 2014
Active Listings Year-to-Year by Map Area: April
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 4.7 2.7 7.7 1.0
Hermosa Bch Valley 2.2 2.5 2.3 2.2
Hermosa Bch East 2.0 3.0 4.5 3.2
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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
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 4.6 1.6
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1.0
2.0
3.0
4.0
5.0
6.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2012
2013
2014
Outlook for May By most accounts, real estate activity for Hermosa Beach improved considerably during the month of April. For
example, data measures trending positive include total sales, which bummed up by more than 181%, the
market median sales price, which climbed an additional $394K, and the sales/listing ratio, which almost tripled.
Year-over-year comparison statistics reveal similar results, with the most critical information supporting rumors
the market is definitely improving.
So, what should you expect for May? Well, since the last three months have proven rather reassuring it is
rational to assume this trending behavior will continue. With that in mind, home owners wishing to sell their
properties should get their affairs in order and soon because summer is almost here and, historically speaking,
real estate activity during this season almost always picks up. Buyers, on the other hand, you should give me a
call today so we can get you approved to start making purchase offers. Seriously, inventory is moving fast so
don’t make the mistake of waiting too long and losing out on securing the home of your dreams.
Your recap…
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Month-to-Month Comparison Mar 2014 Apr 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 11 31 20 181.82%
Median Sales Price 1,101,000 1,495,000 394,000 35.79%
Median Days to Sell 17 28 11 64.71%
Listings 50 48 -2 -4.00%
Sales/Listing Ratio 22.0% 64.6% 42.6% 193.64%
Months of Inventory 4.6 1.6 -3 -65.22%
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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