Hermosa Beach Real Estate Market Conditions - August 2014

8/11/2019 Hermosa Beach Real Estate Market Conditions - August 2014

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Hermosa BeachResidential Real Estate

Market ConditionsAugust 2014
http://hhcrealestate.com/


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Table ofContents

Key Statistics for August

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

Listings2014 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 September

About Hady Chahine

Contact Information
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Key Statistics for August

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 18 17 -1 -5.56%

Median Sales Price 999,500 1,430,000 430,500 43.07%

Median Days to Sell 50 59 9 18.00%

Listings 41 36 -5 -12.20%

Sales/Listing Ratio 43.9% 47.2% 3.3% 7.52%

Months of Inventory 2.3 2.1 -0.2 -8.70%

Monthly Comparison Year-to-Year Aug 2013 Aug 2014 Delta Delta Increase Decrease

Total Sales 30 17 -13 -43.33%

Median Sales Price 1,207,500 1,430,000 222,500 18.43%


Listings 48 36 -12 -25.00%

Months of Inventory 1.6 2.1 0.5 31.25%
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Total Sales Month-to-Month by Map Area Jun Jul Aug

Hermosa Bch Sand 10 6 9

Hermosa Bch Valley 5 3 3

Hermosa Bch East 6 9 5

Total Sales 21 18 17

0

5

10

15

20

25

Jun Jul Aug

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




Total Sales 20 30 17

0

5

10

15

20

25

30

2012 2013 2014

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 1,462,500 1,264,500 1,815,000

Hermosa Bch Valley 975,000 998,500 505,000

Hermosa Bch East 962,500 875,000 1,530,000

Market Median Sales Price 1,100,000 999,500 1,430,000

-

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

Jun Jul Aug

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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Median Sales Price Year-to-Year by Map Area 2012 2013 2014

Hermosa Bch Sand 1,120,000 1,651,000 1,815,000

Hermosa Bch Valley 764,000 705,000 505,000

Hermosa Bch East 845,000 950,000 1,530,000

Market Median Sales Price 865,000 1,207,500 1,430,000

-

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 Year-to-Year by Map Area: August

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 14 16 23 21 23 23 18 16

Hermosa Bch Valley 11 10 9 11 10 6 8 5

Hermosa Bch East 8 12 18 16 16 24 15 15

Total Active Listings 33 38 50 48 49 53 41 36

-

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



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 23 23 18 16

Hermosa Bch Valley 11 10 9 11 10 6 8 5

Hermosa Bch East 8 12 18 16 16 24 15 15

Total Active Listings 33 38 50 48 49 53 41 36

Total Sales 12 14 11 31 18 21 18 17

Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% 43.9% 47.2%

-

10

20

30

40

50

60


2014 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales



Active Listings Year-to-Year by Map Area 2012 2013 2014




Total Active Listings 80 48 36

0

10

20

30

40

50

60

70

80

2012 2013 2014

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

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 4.7 2.7 7.7 1.0 4.6 2.3 3.0 1.8

Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2 2.7 1.7

Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0 1.7 3.0

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0


2014 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

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 2.7 2.5 2.3 2.1

-

1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory Year-to-Year

2012

2013

2014


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Outlook for September

Hermosa Beach real estate activity during the month of August proved reassuring that the housing

market is on a strong road to recovery. Among notable highlights was the bump in the market median

sales price, which increased 43.07%, and the sales/listing ratio, which improved by 7.52%. Months of

inventory also dropped off as did active listings which, from a sellers perspective, is good news for

sellers according to the law of supply and demand.

With summer season coming to an end it is probable that real estate transactions during September willtrend slightly downward, that is speaking from a historical trending pattern with respect to time of year.

However, the one caveat that remains difficult to judge is the direction of interest rates and its overall

impact on real estate market behavior. Not sure what to do? No problem. Give me a call today and lets

discuss how I can be of service to you.

Your recap


Month-to-Month Comparison Jul 2014 Aug 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 18 17 -1 -5.56%

Median Sales Price 999,500 1,430,000 430,500 43.07%


Listings 41 36 -5 -12.20%

Sales/Listing Ratio 43.9% 47.2% 3.3% 7.52%

Months of Inventory 2.3 2.1 -0.2 -8.70%


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About

Hady Chahine

Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California2012

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 visitors 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://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/http://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/http://hhcrealestate.com/

Hermosa Beach Real Estate Market Conditions - August 2014

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