July 2014 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions July 2014
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Hermosa Beach real estate statistics and analysis for July 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Transcript of July 2014 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for July
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 Listings 2014 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 August
About Hady Chahine Contact Information
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%
Median Sales Price 1,160,000 999,500 (160,500) -13.84%
Median Days to Sell 39 50 11 28.21%
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
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2014 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
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Total Sales
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Total Sales Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 12 11 6
Hermosa Bch Valley 5 9 3
Hermosa Bch East 6 10 9
Total Sales 23 30 18
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Total Sales Year-to-Year by Map Area: July
Hermosa Bch Sand
Hermosa Bch Valley
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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
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200,000
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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
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200,000
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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
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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 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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2014 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 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
Total Sales 12 14 11 31 18 21 18
Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% 43.9%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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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
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Active Listings Year-to-Year by Map Area: July
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
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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 4.7 2.7 7.7 1.0 4.6 2.3 3.0
Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2 2.7
Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0 1.7
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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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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Months of Inventory Year-to-Year
2012
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2014
Outlook for August Overall, 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 year – once
summer 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…
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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%
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 visitor’s 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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