Hermosa Beach Real Estate Market Conditions - July 2014

8/12/2019 Hermosa Beach Real Estate Market Conditions - July 2014

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Hermosa BeachResidential Real Estate

Market ConditionsJuly 2014
http://hhcrealestate.com/


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Key Statistics for July

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= trending positive = trending positive

= trending negative = trending negative

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

Total Sales 21 18 -3 -14.29%

Median Sales Price 1,100,000 999,500 (100,500) -9.14%

Median Days to Sell 27 50 23 85.19%

Listings 53 41 -12 -22.64%

Sales/Listing Ratio 39.6% 43.9% 4.3% 10.86%

Months of Inventory 2.5 2.3 -0.2 -8.00%

Monthly Comparison Year-to-Year Jul 2014 Jul 2015 Delta Delta Increase Decrease

Total Sales 30 18 -12 -40.00%



Listings 51 41 -10 -19.61%

Months of Inventory 1.7 2.3 0.6 35.29%
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Total Sales Month-to-Month by Map Area May Jun Jul

Hermosa Bch Sand 5 10 6

Hermosa Bch Valley 4 5 3

Hermosa Bch East 9 6 9

Total Sales 18 21 18

0

5

10

15

20

25

May Jun Jul

2014 Total Sales Month-to-Month by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Total Sales


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Median Sales Price Month-to-Month by Map Area May Jun Jul

Hermosa Bch Sand 1,165,000 1,462,500 1,264,500

Hermosa Bch Valley 1,107,500 975,000 998,500

Hermosa Bch East 1,287,500 962,500 875,000

Market Median Sales Price 1,230,000 1,100,000 999,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

May Jun Jul

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 1,242,500 1,200,000 1,264,500

Hermosa Bch Valley 742,000 1,065,000 998,500

Hermosa Bch East 907,500 1,187,500 875,000

Market Median Sales Price 1,050,000 1,160,000 999,500

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2012 2013 2014

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

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

Hermosa Bch Valley 11 10 9 11 10 6 8

Hermosa Bch East 8 12 18 16 16 24 15

Total Active Listings 33 38 50 48 49 53 41

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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 Year-to-Year by Map Area 2012 2013 2014

Hermosa Bch Sand 40 15 18

Hermosa Bch Valley 27 16 8

Hermosa Bch East 21 20 15

Total Active Listings 88 51 41

0

10

20

30

40

50

60

70

80

90

2012 2013 2014

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

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch EastTotal Active Listings


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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 2.7 2.5 2.3

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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


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Outlook for AugustOverall, real estate activity in Hermosa Beach during July proved less exciting when compared to June.

Most of the major performance indicators trended downward, such as total sales, median sales price,median days to sell, and listings. However, the sales/listings ratio did improve 10.86% leading some to

conclude the drop in the median sales price helped to stimulate buyer interest, which in turn resulted in

more offers to purchase.

What should you expect in August? Considering the cost to borrow money remains historically

inexpensive it seems reasonable to assume the real market will continue to show signs of improvement,

despite the occasional setback. For buyers, in particular, one advantage is the time of yearoncesummer ends I suspect home owners will be more accommodating with respect to price negotiations.

Sellers, on the other hand, still benefit from lower inventories and lending institutions that make money

available to qualified buyers.

For buying or listing questions, please do not hesitate to call me. I would be happy to discuss your

situation in detail and provide my professional services in a capacity that is most helpful to your specific

needs. Your recap


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

Total Sales 21 18 -3 -14.29%



Listings 53 41 -12 -22.64%

Sales/Listing Ratio 39.6% 43.9% 4.3% 10.86%

Months of Inventory 2.5 2.3 -0.2 -8.00%


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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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Hermosa Beach Real Estate Market Conditions - July 2014

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