March 2014 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions March 2014
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Hermosa Beach real estate statistics and analysis for March 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Transcript of March 2014 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for March
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 April
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for March
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 11 -3 -21.43%
Median Sales Price 1,407,250 1,101,000 (306,250) -21.76%
Median Days to Sell 13 17 4 30.77%
Listings 38 50 12 31.58%
Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22%
Months of Inventory 2.7 4.6 1.9 70.37%
Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 1,000,000 1,101,000 101,000 10.10%
Median Days to Sell 34 17 -17 -50.00%
Listings 59 50 -9 -15.25%
Months of Inventory 3.7 4.6 0.9 24.32%
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Jan Feb Mar
2014 Residential Sales Statistics: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2014 Residential Sales by Map Area Jan Feb Mar
Hermosa Bch Sand 3 6 3
Hermosa Bch Valley 5 4 4
Hermosa Bch East 4 4 4
Total Monthly Sales 12 14 11
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2012 2013 2014
Total Sales by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Sales by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 11 7 3
Hermosa Bch Valley 1 4 4
Hermosa Bch East 7 5 4
Total Sales 19 16 11
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Jan Feb Mar
2014 Median Sales Price Statistics: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
2014 Median Sales Price by Map Area Jan Feb Mar
Hermosa Bch Sand 1,165,000 1,587,500 1,549,000
Hermosa Bch Valley 1,001,500 1,327,250 965,500
Hermosa Bch East 715,250 1,290,000 1,154,500
Market Median Sales Price 878,000 1,407,250 1,101,000
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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
2012 2013 2014
Median Sales Price by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 1,800,000 1,080,000 1,549,000
Hermosa Bch Valley 1,295,000 1,070,000 965,500
Hermosa Bch East 725,000 925,000 1,154,500
Market Median Sales Price 1,060,000 1,000,000 1,101,000
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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
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23
Hermosa Bch Valley 11 10 9
Hermosa Bch East 8 12 18
Total Active Listings 33 38 50
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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
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23
Hermosa Bch Valley 11 10 9
Hermosa Bch East 8 12 18
Total Active Listings 33 38 50
Total Sales 12 14 11
Sales/Listings Ratio 36.4% 36.8% 22.0%
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2012 2013 2014
Active Listings by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Active Listings by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 31 26 23
Hermosa Bch Valley 11 17 9
Hermosa Bch East 21 16 18
Total Active Listings 63 59 50
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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
2014 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
Hermosa Bch Valley 2.2 2.5 2.3
Hermosa Bch East 2.0 3.0 4.5
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2012
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2014
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
Outlook for April
Hermosa Beach real estate activity for the month of March trended off pace compared to performance
measurements recorded in February. Why? Among other reasons I would say some of this slowing is
directly attributable to the looming tax deadline of April 15th. Another possible contributor is the Fed’s
communication regarding the continued tapering of QE stimulus and other decisions that could affect the
cost to borrowing money in the near future.
So, what is my forecast for April? Based on the last couple of months – data that is mostly positive,
especially when comparing year-over-year stats – it is my opinion real estate activity will definitely pick up
with the month ending somewhere between February and March. However, as we inch closer to
summertime, assuming ceteris paribus, I think total market performance will improve quite noticeably.
Your recap…
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Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 11 -3 -21.43%
Median Sales Price 1,407,250 1,101,000 (306,250) -21.76%
Median Days to Sell 13 17 4 30.77%
Listings 38 50 12 31.58%
Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22%
Months of Inventory 2.7 4.6 1.9 70.37%
About the Mother & Son
South Bay Real Estate
Team…
Serving South Bay Home Buyers and Sellers Since 1989
RE/MAX Top 4 Team in California – 2012
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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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 [email protected]
310-404-5361
Hassana Chahine [email protected]
310-756-8949
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