Hermosa Beach Real Estate Market Conditions - May 2015
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Hermosa Beach Residential Real Estate Market Conditions May 2015
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Hermosa Beach real estate statistics and analysis for May 2015. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.
Transcript of Hermosa Beach Real Estate Market Conditions - May 2015
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Hermosa Beach Residential Real Estate
Market Conditions May 2015
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Table of
Contents
Key Statistics for May
Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for June
About Hady Chahine Contact Information
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Key Statistics for May
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Apr 2015 May 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 30 15 -15 -50.00%
Median Sales Price 1,404,500 1,475,000 70,500 5.02%
Median Days to Sell 33 23 -10 -30.30%
Listings 51 49 -2 -3.92%
Sales/Listing Ratio 58.8% 30.6% -28.2% -47.96%
Months of Inventory 1.7 1.5 -0.2 -11.76%
Monthly Comparison Year-to-Year May 2015 May 2016 Delta Delta Increase Decrease
Total Sales 20 15 -5 -25.00%
Median Sales Price 1,230,000 1,475,000 245,000 19.92%
Median Days to Sell 48 23 -25 -52.08%
Listings 53 49 -4 -7.55%
Months of Inventory 2.7 1.5 -1.2 -44.44%
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Total Sales Month-to-Month by Map Area Mar Apr May
Hermosa Bch Sand 10 14 7
Hermosa Bch Valley 4 7 2
Hermosa Bch East 6 9 6
Total Sales 20 30 15
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2015 Total Sales Month-to-Month by Map Area
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Total Sales Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 11 6 7
Hermosa Bch Valley 8 4 2
Hermosa Bch East 7 10 6
Total Sales 26 20 15
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Total Sales Year-to-Year by Map Area: May
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Hermosa Bch Valley
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Median Sales Price Month-to-Month by Map Area Mar Apr May
Hermosa Bch Sand 3,150,000 2,515,000 2,200,000
Hermosa Bch Valley 941,625 925,000 1,462,500
Hermosa Bch East 1,075,000 949,000 1,324,500
Market Median Sales Price 1,310,000 1,404,500 1,475,000
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500,000
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Mar Apr May
2015 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 2013 2014 2015
Hermosa Bch Sand 1,277,000 1,200,000 2,200,000
Hermosa Bch Valley 1,015,000 1,107,500 1,462,500
Hermosa Bch East 890,000 1,256,250 1,324,500
Market Median Sales Price 1,100,500 1,230,000 1,475,000
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500,000
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Median Sales Price Year-to-Year by Map Area: May
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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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 16 21 24 29 35
Hermosa Bch Valley 6 6 5 7 5
Hermosa Bch East 5 9 9 15 9
Total Active Listings 27 36 38 51 49
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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 16 21 24 29 35
Hermosa Bch Valley 6 6 5 7 5
Hermosa Bch East 5 9 9 15 9
Total Active Listings 27 36 38 51 49
Total Sales 15 9 20 30 15
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 30.6%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 23 26 35
Hermosa Bch Valley 22 11 5
Hermosa Bch East 18 16 9
Total Active Listings 63 53 49
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Active Listings Year-to-Year by Map Area: May
Hermosa Bch Sand
Hermosa Bch Valley
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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 1.8 5.3 2.4 2.1 5.0
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5
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2015 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
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Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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 2.0 2.8 3.8 1.7
2015 1.8 4.0 1.9 1.7 3.3
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Months of Inventory Year-to-Year
2013
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2015
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Outlook for June
The Hermosa Beach real estate market witnessed a noticeable 50% decline in month-to-month homes sales ending May 2015, despite a $70.5K increase in the market median sales price. Other metrics that trended downward include total listings (-3.92%) and the sales/listing ratio (-47.96%). Year-over-year for May, however, the market median sales price has improved 19.92% or $245K and the median days to sell has dropped in excess of 50%. Why the sluggish performance in May when April stats were largely encouraging? you ask. Personally I suspect much of this market apprehension has to do with the Feds monetary policy concerning interest rates, which for the past 12+ months has been the subject of speculative debate. Despite this news buyers should keep in mind that once interest rates rise the cost of a mortgage amortized over the life of the loan will cost substantially more, which is a perfect incentive to purchase the home of your dreams sooner rather than later.
Article by the LA Times worth reading: http://www.latimes.com/business/realestate/la-fi-interest-rate-impact-20150615-story.html
Your recap Your recap
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Month-to-Month Comparison Apr 2015 May 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 30 15 -15 -50.00%
Median Sales Price 1,404,500 1,475,000 70,500 5.02%
Median Days to Sell 33 23 -10 -30.30%
Listings 51 49 -2 -3.92%
Sales/Listing Ratio 58.8% 30.6% -28.2% -47.96%
Months of Inventory 1.7 1.5 -0.2 -11.76%
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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 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
310-404-5361
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