June 2016 Hermosa Beach Real Estate Market Trends Update
15
Hermosa Beach Residential Real Estate Market Conditions June 2016
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Transcript of June 2016 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for June
Sales 2016 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2016 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2016 Active Listings by Map Area 2016 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2016 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for June
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 22 4 22.22%
Median Sales Price 1,317,000 1,240,000 (77,000) -5.85%
Median Days to Sell 51 23 -28 -54.90%
Listings 67 72 5 7.46%
Sales/Listing Ratio 26.9% 30.6% 3.7% 13.75%
Months of Inventory 4.0 3.0 -1 -25.00%
Monthly Comparison Year-to-Year Jun 2015 Jun 2016 Delta Delta Increase Decrease
Total Sales 21 22 1 4.76%
Median Sales Price 1,250,000 1,240,000 (10,000) -0.80%
Median Days to Sell 29 23 -6 -20.69%
Listings 64 72 8 12.50%
Months of Inventory 3.0 3.0 0 0.00%
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Total Sales Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 6 8 7
Hermosa Bch Valley 6 2 5
Hermosa Bch East 6 8 10
Total Sales 18 18 22
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Apr May Jun
2016 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 2014 2015 2016
Hermosa Bch Sand 10 7 7
Hermosa Bch Valley 5 5 5
Hermosa Bch East 6 9 10
Total Sales 21 21 22
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2014 2015 2016
Total Sales Year-to-Year by Map Area: June
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 2,317,500 2,272,500 1,700,000
Hermosa Bch Valley 1,420,000 666,750 649,000
Hermosa Bch East 1,432,500 1,242,500 1,240,000
Market Median Sales Price 1,520,000 1,317,000 1,240,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
Apr May Jun
2016 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 2014 2015 2016
Hermosa Bch Sand 1,462,500 1,250,000 1,700,000
Hermosa Bch Valley 975,000 563,500 649,000
Hermosa Bch East 962,500 1,350,000 1,240,000
Market Median Sales Price 1,100,000 1,250,000 1,240,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: June
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 21 24 24 36 35 40
Hermosa Bch Valley 11 9 8 10 13 13
Hermosa Bch East 6 11 19 25 19 19
Total Active Listings 38 44 51 71 67 72
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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 21 24 24 36 35 40
Hermosa Bch Valley 11 9 8 10 13 13
Hermosa Bch East 6 11 19 25 19 19
Total Active Listings 38 44 51 71 67 72
Total Sales 10 18 16 18 18 22
Sales/Listings Ratio 26.3% 40.9% 31.4% 25.4% 26.9% 30.6%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 Total Active Listings vs. Total Sales
Total Active Listings Total Sales
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Active Listings Year-to-Year by Map Area 2014 2015 2016
Hermosa Bch Sand 24 41 40
Hermosa Bch Valley 7 12 13
Hermosa Bch East 26 11 19
Total Active Listings 57 64 72
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2014 2015 2016
Active Listings Year-to-Year by Map Area: June
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 3.0 2.0 3.0 6.0 4.0 6.0
Hermosa Bch Valley 6.0 2.0 2.0 2.0 7.0 3.0
Hermosa Bch East 6.0 4.0 6.0 4.0 2.0 2.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016 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
2014 3.0 3.0 5.0 2.0 3.0 3.0 3.0 2.0 2.0 3.0 4.0 2.0
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
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3.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2014
2015
2016
Summary Investment in Hermosa Beach residential properties picked up in June with 22.2% increase in total sales, 7.46% jump in net listings, 13.75% spike in the sales-listing ratio, and a 54.9% decrease in median days to sell. Year-over-year the median sales price for June remained fairly static with $1.25 Mil reported 2015 compared to $1.24 Mil in 2016.
In the news… According to C.A.R., “After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month.” http://www.car.org/newsstand/newsreleases/2016releases/junesalesandprice/?view=Standard
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!
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Month-to-Month Comparison May 2016 Jun 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 22 4 22.22%
Median Sales Price 1,317,000 1,240,000 (77,000) -5.85%
Median Days to Sell 51 23 -28 -54.90%
Listings 67 72 5 7.46%
Sales/Listing Ratio 26.9% 30.6% 3.7% 13.75%
Months of Inventory 4.0 3.0 -1 -25.00%
Monthly Comparison Year-to-Year Jun 2015 Jun 2016 Delta Delta Increase Decrease
Total Sales 21 22 1 4.76%
Median Sales Price 1,250,000 1,240,000 (10,000) -0.80%
Median Days to Sell 29 23 -6 -20.69%
Listings 64 72 8 12.50%
Months of Inventory 3.0 3.0 0 0.00%
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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