Hermosa Beach Real Estate Market Conditions - October 2014

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Hermosa BeachResidential Real Estate

Market ConditionsOctober 2014
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Table ofContents

Key Statistics for October

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 November

About Hady Chahine

Contact Information


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Key Statistics for October

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 19 16 -3 -15.79%

Median Sales Price 1,095,000 1,267,500 172,500 15.75%

Median Days to Sell 39 27 -12 -30.77%

Listings 37 45 8 21.62%

Sales/Listing Ratio 51.4% 35.6% -15.8% -30.74%

Months of Inventory 2 2.8 0.8 40.00%

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

Total Sales 21 16 -5 -23.81%

Median Sales Price 1,300,000 1,267,500 (32,500) -2.50%Median Days to Sell 38 27 -11 -28.95%

Listings 54 45 -9 -16.67%

Months of Inventory 2.3 2.8 0.5 21.74%
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Total Sales Month-to-Month by Map Area Aug Sep Oct

Hermosa Bch Sand 9 6 7

Hermosa Bch Valley 3 2 4

Hermosa Bch East 5 11 5

Total Sales 17 19 16

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2

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6

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16

18

20

Aug Sep Oct

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 16 21 16

0

5

10

15

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25

2012 2013 2014

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

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Total Sales


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

Hermosa Bch Sand 1,160,000 1,412,500 1,499,000

Hermosa Bch Valley 972,500 1,349,500 718,000

Hermosa Bch East 620,000 865,000 1,350,000

Market Median Sales Price 895,000 1,300,000 1,267,500

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200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

2012 2013 2014

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

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 18 24

Hermosa Bch Valley 11 10 9 11 10 6 8 5 10 11

Hermosa Bch East 8 12 18 16 16 24 15 15 9 10

Total Active Listings 33 38 50 48 49 53 41 36 37 45

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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



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 18 24

Hermosa Bch Valley 11 10 9 11 10 6 8 5 10 11

Hermosa Bch East 8 12 18 16 16 24 15 15 9 10

Total Active Listings 33 38 50 48 49 53 41 36 37 45

Total Sales 12 14 11 31 18 21 18 17 19 16

Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% 43.9% 47.2% 51.4% 35.6%

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10

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30

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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 65 54 45

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20

30

40

50

60

70

2012 2013 2014

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

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch EastTotal 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 3.0 3.4

Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2 2.7 1.7 5.0 2.8

Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0 1.7 3.0 0.8 2.0

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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 2.0 2.8

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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 November

The Hermosa Beach real estate market produced respectable stats for the month of October, mostnotably the $172.5K increase in the market median sales price as compared to September. In addition,improvements were recorded for both the median days to sell and active listings. Moreover, dataanalysis from a year-over-year perspective reveals the market median sales price held strong losing only2.5% of gains realized. Personally, considering the economic turmoil in this country during the trailing 12months I would argue this is saying a lot about the housing recovery.

Given the aforementioned, however, I suspect activity to slow a bit with the upcoming holiday seasonthus expect to see a shift in several trending stats for November. Still, the caveat that remains difficult to

judge is due to mortgage money remaining relatively inexpensive and its availability to qualified buyers.Suffice it to say demand to secure a 30-year fixed rate loan at historically low single digit numberscontinues to entice buying behavior and, based on the MLS database, sellers are listing.

Your recap


Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase Decrease

Total Sales 19 16 -3 -15.79%

Median Sales Price 1,095,000 1,267,500 172,500 15.75%

Median Days to Sell 39 27 -12 -30.77%

Listings 37 45 8 21.62%

Sales/Listing Ratio 51.4% 35.6% -15.8% -30.74%

Months of Inventory 2 2.8 0.8 40.00%


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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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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 forany 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 InternetData 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 accuracyof 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 personalinspection by and/or with the appropriate professionals.

Hady Chahine

[email protected] 310-404-5361


Listings MLS BLOGWebsite
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Hermosa Beach Real Estate Market Conditions - October 2014

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