February 2014 Hermosa Beach Real Estate Market Trends Update
March 2016 Hermosa Beach Real Estate Market Trends Update
15
Hermosa Beach Residential Real Estate Market Conditions March 2016
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Transcript of March 2016 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for March
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 March
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 16 -2 -11.11%
Median Sales Price 1,428,750 1,265,000 (163,750) -11.46%
Median Days to Sell 30 19 -11 -36.67%
Listings 44 51 7 15.91%
Sales/Listing Ratio 40.9% 31.4% -9.5% -23.23%
Months of Inventory 2.0 3.0 1 50.00%
Monthly Comparison Year-to-Year Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 20 16 -4 -20.00%
Median Sales Price 1,310,000 1,265,000 (45,000) -3.44%
Median Days to Sell 36 19 -17 -47.22%
Listings 42 51 9 21.43%
Months of Inventory 2.0 3.0 1 50.00%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 7 11 8
Hermosa Bch Valley 2 4 5
Hermosa Bch East 1 3 3
Total Sales 10 18 16
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Jan Feb Mar
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 3 10 8
Hermosa Bch Valley 4 4 5
Hermosa Bch East 4 6 3
Total Sales 11 20 16
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2014 2015 2016
Total Sales Year-to-Year by Map Area: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 1,792,000 1,449,000 1,545,000
Hermosa Bch Valley 2,158,750 1,043,750 659,000
Hermosa Bch East 1,310,000 1,225,000 1,320,000
Market Median Sales Price 1,833,500 1,428,750 1,265,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
Jan Feb Mar
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 1,549,000 3,150,000 1,545,000
Hermosa Bch Valley 965,500 941,625 659,000
Hermosa Bch East 1,154,500 1,075,000 1,320,000
Market Median Sales Price 1,101,000 1,310,000 1,265,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2014 2015 2016
Median Sales Price Year-to-Year by Map Area: March
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
Hermosa Bch Valley 11 9 8
Hermosa Bch East 6 11 19
Total Active Listings 38 44 51
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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
Hermosa Bch Valley 11 9 8
Hermosa Bch East 6 11 19
Total Active Listings 38 44 51
Total Sales 10 18 16
Sales/Listings Ratio 26.3% 40.9% 31.4%
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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 26 25 24
Hermosa Bch Valley 9 7 8
Hermosa Bch East 20 10 19
Total Active Listings 55 42 51
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2014 2015 2016
Active Listings Year-to-Year by Map Area: March
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
Hermosa Bch Valley 6.0 2.0 2.0
Hermosa Bch East 6.0 4.0 6.0
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1.0
2.0
3.0
4.0
5.0
6.0
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
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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 Sales activity for Hermosa Beach dropped slightly in March as total closed escrows declined 11.11% relative to April. Other underperforming metrics include median sales price (-11.46%) and sales-listing ratio (-23.23%). Metrics moving in the other direction, however, include median days to sell (36.67%) and net listing (+15.91%).
In the news… According to C.A.R., “March’s statewide median home price was $483,280, up 8.9 percent from February and up 4 percent from March 2015.” (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)
For listing or buying questions or representation, 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 Mar 2015 Mar 2016 Delta Delta Increase Decrease
Total Sales 20 16 -4 -20.00%
Median Sales Price 1,310,000 1,265,000 (45,000) -3.44%
Median Days to Sell 36 19 -17 -47.22%
Listings 42 51 9 21.43%
Months of Inventory 2.0 3.0 1 50.00%
Month-to-Month Comparison Feb 2016 Mar 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 16 -2 -11.11%
Median Sales Price 1,428,750 1,265,000 (163,750) -11.46%
Median Days to Sell 30 19 -11 -36.67%
Listings 44 51 7 15.91%
Sales/Listing Ratio 40.9% 31.4% -9.5% -23.23%
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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