Hermosa Beach Real Estate Market Conditions - December 2013

8/13/2019 Hermosa Beach Real Estate Market Conditions - December 2013

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Hermosa BeachResidential Real Estate

Market ConditionsDecember 2013


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Table ofContents

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

Listings2013 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


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Key Statistics for December

Back to Table of Contents

= 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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5

10

15

20

25

30

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



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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2013 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



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10

15

20

25

30

35

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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1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0


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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2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0


Months of Inventory: Year-to-Year

2011

2012

2013

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


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Outlook for JanuaryOverall 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


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%


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About the Mother & Son

South Bay Real Estate Team

Serving South Bay Home Buyers and Sellers Since 1989

RE/MAX Top 4 Team in California2012

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 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.

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

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

Hermosa Beach Real Estate Market Conditions - December 2013

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