Hermosa Beach Real Estate Market Conditions - November 2013

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

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Hermosa BeachResidential Real Estate

Market ConditionsNovember 2013


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Table ofContents

Key Statistics for November

Sales

2013 Residential Sales Stats: Sep - Nov

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

Median

2013 Median Sales Stats: Sep - Nov

Year-to-Year Median Sales by Map Area: Nov

Listings2013 Active Listings by Map Area

2013 Total Active Listings vs. Total Sales

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

Inventory

2013 Months of Inventory by Map Area

Year-to-Year Months of Inventory

Outlook for November

About the Mother & Son South Bay Real Estate Team

Contact Information


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Key Statistics for November

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 22 19 -3 -13.64%Median Sales Price 1,300,000 1,089,000 (211,000) -16.23%

Median Days to Sell 38 50 12 31.58%

Listings 51 40 -11 -21.57%

Sales/Listing Ratio 43.1% 47.5% 4.4% 10.21%

Inventory Turnover 2.6 3.4 0.8 30.77%

Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase Decrease

Total Sales 17 19 2 11.76%Median Sales Price 890,000 1,089,000 199,000 22.36%


Listings 53 40 -13 -24.53%

Inventory Turnover 3.1 2.1 -1 -32.26%


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Sep Oct Nov

2013 Residential Sales Statistics: Sep - Nov

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

2013 Residential Sales by Map Area Sep Oct Nov YTD

Hermosa Bch Sand 7 9 9 16

Hermosa Bch Valley 3 5 5 8

Hermosa Bch East 5 8 5 13

Total Monthly Sales 15 22 19 37


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2011 2012 2013

Total Sales by Map Area: Year-to-Year for November

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Sales by Map Area: Year-to-Year for November 2011 2012 2013

Hermosa Bch Sand 7 8 9

Hermosa Bch Valley 1 4 5

Hermosa Bch East 4 5 5

Total Sales 12 17 19


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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Sep Oct Nov

2013 Median Sales Price Statistics: Sep - Nov

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

2013 Median Sales Price by Map Area Sep Oct Nov

Hermosa Bch Sand 1,550,000 1,425,000 1,599,000

Hermosa Bch Valley 1,105,000 1,399,000 965,000

Hermosa Bch East 957,000 845,500 425,000

Market Median Sale Price 1,065,000 1,300,000 1,089,000


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Median Sale Price by Map Area: Year-to-Year for November 2011 2012 2013

Hermosa Bch Sand 825,000 817,098 1,599,000

Hermosa Bch Valley 1,235,000 912,500 965,000

Hermosa Bch East 782,500 890,000 425,000

Market Median Sale Price 815,000 890,000 1,089,000

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2011 2012 2013

Median Sale Price by Map Area: Year-to-Year for November

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Market Median Sale Price


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

2013 Total Active Listings vs. Total Sales

Total Active ListingsTotal Sales

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

Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 17 11

Hermosa Bch East 12 18 16 16 18 20 21 16 18 13 17

Total Active Listings 47 52 59 66 63 57 51 47 54 51 40

Total Sales 8 12 16 19 26 20 30 30 15 22 19

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%



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2011 2012 2013

Active Listings by Map Area: Year-to-Year for November

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Active Listings by Map Area: Year-to-Year for November 2011 2012 2013

Hermosa Bch Sand 39 28 12

Hermosa Bch Valley 28 13 11

Hermosa Bch East 10 12 17

Total Active Listings 77 53 40



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1.0

2.0

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4.0

5.0

6.0

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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

Hermosa Bch Valley 8.5 - - 4.0 2.8 3.0 1.7 2.3 5.3 2.6 2.2

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



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4.0

6.0

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10.0

12.0

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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


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Outlook for DecemberIt is no surprise given the holiday season that residential real estate statistics for Hermosa Beach during

the month of November dropped off relative to Octobers performance. That said, however, year-over-

year data for November 2013 relative to 2012 reveals considerable improvements in appreciation of the

median sales price and the inventory turnover rate.

Given this information the general forecast for December 2013 is not too distinctly from November.

Thinking ahead: Buyers, remember that the cost to borrow money remains at historically low levels.

Sellers, low inventory provides a better opportunity to market your property for sale due to less

competition.

With this in mind, the recap is


Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease

Total Sales 22 19 -3 -13.64%

Median Sales Price 1,300,000 1,089,000 (211,000) -16.23%


Listings 51 40 -11 -21.57%

Sales/Listing Ratio 43.1% 47.5% 4.4% 10.21%

Inventory Turnover 2.6 3.4 0.8 30.77%


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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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Hermosa Beach Real Estate Market Conditions - November 2013

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