Hermosa Beach Real Estate Market Conditions - April 2016

8/16/2019 Hermosa Beach Real Estate Market Conditions - April 2016

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Hermosa BeachResidential Real Estate

Market Conditions April 2016

http://hadychahine.com/


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Table ofContents

Key Statistics for April

Sales

2016 Residential Sales Stats

Year-to-Year Total Sales by Map Area

Median

2016 Median Sales Stats

Year-to-Year Median Sales by Map Area

Listings2016 Active Listings by Map Area

2016 Total Active Listings vs. Total Sales

Year-to-Year Active Listings by Map Area

Inventory

2016 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Summary

About Hady Chahine

Contact Information

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Key Statistics for April

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 16 18 2 12.50%

Median Sales Price 1,265,000 1,520,000 255,000 20.16%

Median Days to Sell 19 39 20 105.26%

Listings 51 71 20 39.22%

Sales/Listing Ratio 31.4% 25.4% -6.0% -19.11%

Months of Inventory 3.0 4.0 1 33.33%

Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease

Total Sales 30 18 -12 -40.00%

Median Sales Price 1,404,500 1,520,000 115,500 8.22%Median Days to Sell 33 39 6 18.18%

Listings 56 71 15 26.79%


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Total Sales Month-to-Month by Map Area Feb Mar Apr

Hermosa Bch Sand 11 8 6

Hermosa Bch Valley 4 5 6

Hermosa Bch East 3 3 6

Total Sales 18 16 18

-

2

4

6

8

10

12

14

16

18

Feb Mar Apr

2016 Total Sales Month-to-Month by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch EastTotal Sales



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Total Sales Year-to-Year by Map Area 2014 2015 2016




Total Sales 31 30 18

-

5

10

15

20

25

30

35

2014 2015 2016

Total Sales Year-to-Year by Map Area: April

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch EastTotal Sales



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Median Sales Price Month-to-Month by Map Area Feb Mar Apr

Hermosa Bch Sand 1,449,000 1,545,000 2,317,500

Hermosa Bch Valley 1,043,750 659,000 1,420,000

Hermosa Bch East 1,225,000 1,320,000 1,432,500

Market Median Sales Price 1,428,750 1,265,000 1,520,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Feb Mar Apr

2016 Median Sales Price Month-to-Month by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch EastMarket Median Sales Price



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Median Sales Price Year-to-Year by Map Area 2014 2015 2016

Hermosa Bch Sand 1,565,000 2,515,000 2,317,500

Hermosa Bch Valley 1,170,000 925,000 1,420,000

Hermosa Bch East 1,390,000 949,000 1,432,500

Market Median Sales Price 1,495,000 1,404,500 1,520,000

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2014 2015 2016

Median Sales Price Year-to-Year by Map Area: April

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Market Median Sales Price




Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Hermosa Bch Sand 21 24 24 36

Hermosa Bch Valley 11 9 8 10

Hermosa Bch East 6 11 19 25

Total Active Listings 38 44 51 71

-

5

10

15

20

25

30

35

40

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

2016 Active Listings by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East




Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Hermosa Bch Sand 21 24 24 36

Hermosa Bch Valley 11 9 8 10

Hermosa Bch East 6 11 19 25

Total Active Listings 38 44 51 71

Total Sales 10 18 16 18

Sales/Listings Ratio 26.3% 40.9% 31.4% 25.4%

-

10

20

30

40

50

60

70

80


2016 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales




Active Listings Year-to-Year by Map Area 2014 2015 2016




Total Active Listings 52 56 71

-

10

20

30

40

50

60

70

80

2014 2015 2016

Active Listings Year-to-Year by Map Area: April

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Total Active Listings




Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Hermosa Bch Sand 3.0 2.0 3.0 6.0

Hermosa Bch Valley 6.0 2.0 2.0 2.0

Hermosa Bch East 6.0 4.0 6.0 4.0

-

1.0

2.0

3.0

4.0

5.0

6.0


2016 Months of Inventory by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East




Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2014 3.0 3.0 5.0 2.0 3.0 3.0 3.0 2.0 2.0 3.0 4.0 2.0

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

-

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


Months of Inventory Year-to-Year

2014

2015

2016



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SummaryHermosa Beach real estate activity picked up in April with total sales increasing 12.5%, median sales price improving 20.16% or

$255K, and net listings climbing 39.22% relative to March. Stats proving less favorable, however, included median days to sell

(+105.26%) and the sales-listing ratio (-19.11%). Evaluation of the year-over-year months of inventory data point shows a 100%

increase from April 2015 to April 2016.

In the news… According to C.A.R., “statewide median home price climbs, breaking $500,000 for first time in nine years.”

http://www.car.org/newsstand/newsreleases/2016releases/April2016sales?view=Standard

For listing or buying questions or representation, or further information on market trending behavior, please feel free to contactme anytime. I look forward to hearing from you!


Month-to-Month Comparison Mar 2016 Apr 2016 Delta (qty) Delta (%) Increase Decrease

Total Sales 16 18 2 12.50%



Listings 51 71 20 39.22%

Sales/Listing Ratio 31.4% 25.4% -6.0% -19.11%


Monthly Comparison Year-to-Year Apr 2015 Apr 2016 Delta Delta Increase Decrease

Total Sales 30 18 -12 -40.00%



Listings 56 71 15 26.79%


http://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://www.car.org/newsstand/newsreleases/2016releases/April2016saleshttp://hadychahine.com/http://hadychahine.com/


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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

• [email protected]• 310-404-5361


Listings MLS BLOGWebsite
http://hadychahine.com/featured-listings/http://hadychahine.com/property-city/hermosa-beach-area/http://hadychahine.com/news/http://hadychahine.com/http://hadychahine.com/news/http://hadychahine.com/property-city/hermosa-beach-area/http://hadychahine.com/featured-listings/http://hadychahine.com/http://hadychahine.com/

Hermosa Beach Real Estate Market Conditions - April 2016

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