July 2017 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions July 2017
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Transcript of July 2017 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for July
Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
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 June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 26 17 -9 -34.62%
Median Sales Price 1,717,500 2,025,000 307,500 17.90%
Median Days to Sell 14 17 3 21.43%
Listings 62 59 -3 -4.84%
Sales/Listing Ratio 41.9% 28.8% -13.1% -31.26%
Months of Inventory 2.0 3.0 1 50.00%
Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 23 17 -6 -26.09%
Median Sales Price 1,410,000 2,025,000 615,000 43.62%
Median Days to Sell 45 17 -28 -62.22%
Listings 72 59 -13 -18.06%
Months of Inventory 3.0 3.0 0 0.00%
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Total Sales Month-to-Month by Map Area May Jun Jul
Hermosa Bch Sand 15 11 7
Hermosa Bch Valley 3 7 4
Hermosa Bch East 4 8 6
Total Sales 22 26 17
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May Jun Jul
2017 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 2015 2016 2017
Hermosa Bch Sand 8 10 7
Hermosa Bch Valley - 5 4
Hermosa Bch East 6 8 6
Total Sales 14 23 17
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2015 2016 2017
Total Sales Year-to-Year by Map Area: July
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 1,965,000 1,890,000 1,894,000
Hermosa Bch Valley 1,552,000 1,125,000 2,582,500
Hermosa Bch East 1,690,750 1,667,000 1,805,000
Market Median Sales Price 1,737,500 1,717,500 2,025,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
May Jun Jul
2017 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 2015 2016 2017
Hermosa Bch Sand 1,461,000 1,765,500 1,894,000
Hermosa Bch Valley - 1,410,000 2,582,500
Hermosa Bch East 1,763,750 1,212,500 1,805,000
Market Median Sales Price 1,580,500 1,410,000 2,025,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
2015 2016 2017
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 33 22 26 36 30 36 32
Hermosa Bch Valley 15 8 13 12 9 6 8
Hermosa Bch East 11 13 12 12 16 20 19
Total Active Listings 59 43 51 60 55 62 59
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 33 22 26 36 30 36 32
Hermosa Bch Valley 15 8 13 12 9 6 8
Hermosa Bch East 11 13 12 12 16 20 19
Total Active Listings 59 43 51 60 55 62 59
Total Sales 14 9 13 17 22 26 17
Sales/Listings Ratio 23.7% 20.9% 25.5% 28.3% 40.0% 41.9% 28.8%
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Active Listings Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 39 45 32
Hermosa Bch Valley 13 11 8
Hermosa Bch East 8 16 19
Total Active Listings 60 72 59
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2015 2016 2017
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 8.0 7.0 3.0 7.0 2.0 3.0 5.0
Hermosa Bch Valley 3.0 8.0 - 2.0 3.0 1.0 2.0
Hermosa Bch East 3.0 3.0 4.0 3.0 4.0 3.0 3.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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
2015 2.0 5.0 2.0 2.0 4.0 3.0 4.0 3.0 3.0 3.0 2.0 2.0
2016 4.0 2.0 3.0 4.0 4.0 3.0 3.0 3.0 4.0 3.0 4.0 5.0
2017 4.0 5.0 4.0 4.0 3.0 2.0 3.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2015
2016
2017
Summary Real estate investment in Hermosa Beach properties during July produced a 17.9% improvement in the median sales price - a positive adjustment of $307.5K. However, total sales dropped 34.62% while median days to sell increased 21.43%, net listings fell 4.84%, and the sales-listing ratio decreased 31.26%. Year-over-year months of inventory metric held constant at 3.0.
In June, C.A.R. reported ““With active listings 13.5 percent lower than last June, we’ve now experienced a full two years in which active listings have fallen on a year-over-year basis and the lowest inventory level this year. Would-be sellers aren’t listing their homes as many of them would also face an inventory challenge if they were to turn around and buy another property.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/june2017sales
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.
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Monthly Comparison Year-to-Year July 2016 July 2017 Delta Delta Increase Decrease
Total Sales 23 17 -6 -26.09%
Median Sales Price 1,410,000 2,025,000 615,000 43.62%
Median Days to Sell 45 17 -28 -62.22%
Listings 72 59 -13 -18.06%
Months of Inventory 3.0 3.0 0 0.00%
Month-to-Month Comparison June 2017 July 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 26 17 -9 -34.62%
Median Sales Price 1,717,500 2,025,000 307,500 17.90%
Median Days to Sell 14 17 3 21.43%
Listings 62 59 -3 -4.84%
Sales/Listing Ratio 41.9% 28.8% -13.1% -31.26%
Months of Inventory 2.0 3.0 1 50.00%
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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