November 2015 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions November 2015
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Transcript of November 2015 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for November
Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 16 -5 -23.81%
Median Sales Price 1,265,000 1,650,000 385,000 30.43%
Median Days to Sell 35 37 2 5.71%
Listings 50 36 -14 -28.00%
Sales/Listing Ratio 42.0% 44.4% 2.4% 5.71%
Months of Inventory 2.0 2.0 0 0.00%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 12 16 4 33.33%
Median Sales Price 1,437,000 1,650,000 213,000 14.82%
Median Days to Sell 39 37 -2 -5.13%
Listings 49 36 -13 -26.53%
Months of Inventory 3.8 2.0 -1.8 -47.37%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
Hermosa Bch Sand 7 13 5
Hermosa Bch Valley 7 5 7
Hermosa Bch East 5 3 4
Total Sales 19 21 16
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2015 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 2013 2014 2015
Hermosa Bch Sand 9 6 5
Hermosa Bch Valley 5 4 7
Hermosa Bch East 6 2 4
Total Sales 20 12 16
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2013 2014 2015
Total Sales Year-to-Year by Map Area: November
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Sep Oct Nov
Hermosa Bch Sand 1,875,000 2,100,000 2,025,000
Hermosa Bch Valley 890,000 635,000 1,800,000
Hermosa Bch East 1,060,000 1,200,000 1,139,000
Market Median Sales Price 1,300,000 1,265,000 1,650,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
Sep Oct Nov
2015 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 2013 2014 2015
Hermosa Bch Sand 1,412,500 1,499,000 2,100,000
Hermosa Bch Valley 1,349,500 718,000 635,000
Hermosa Bch East 865,000 1,350,000 1,200,000
Market Median Sales Price 1,300,000 1,267,500 1,265,000
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500,000
1,000,000
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2,000,000
2,500,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: November
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 16 21 24 29 36 35 33 36 41 30 24
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6
Total Active Listings 27 36 38 51 52 49 51 55 55 50 36
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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 16 21 24 29 36 35 33 36 41 30 24
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6
Total Active Listings 27 36 38 51 52 49 51 55 55 50 36
Total Sales 15 9 20 30 15 21 14 23 19 21 16
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5% 41.8% 34.5% 42.0% 44.4%
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 12 29 24
Hermosa Bch Valley 11 11 6
Hermosa Bch East 17 9 6
Total Active Listings 40 49 36
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2013 2014 2015
Active Listings Year-to-Year by Map Area: November
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 1.8 5.3 2.4 2.1 5.0 5.0 4.0 3.0 6.0 2.0 5.0
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 - 3.0 1.0 2.0 1.0
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0 1.0 1.0 3.0 2.0
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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
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 2.1 2.0 2.8 3.8 1.7
2015 1.8 4.0 1.9 1.7 1.5 2.0 4.0 2.0 3.0 2.0 2.0
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Months of Inventory Year-to-Year
2013
2014
2015
Summary November 2015 proved challenging for real estate activity in Hermosa Beach as net sales dropped 23+% while total listings declined by 28%. Thankfully the market median sales price improved 30.43%, which equates to $385K bump. Year-over-year stats are more encouraging with total sales, market median sales price, and median days to sell all trending in a positive direction.
In the news… According to C.A.R., “statewide sales were below the 400,000 mark for the first time in eight months” while the statewide median home valuation held strong in the $475K range. http://www.car.org/newsstand/newsreleases/2015releases/november2015sales?view=Standard
For questions concerning buying or selling, please give me a call today. No commitment necessary, merely interested in helping in any way I can.
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Month-to-Month Comparison Oct 2015 Nov 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 16 -5 -23.81%
Median Sales Price 1,265,000 1,650,000 385,000 30.43%
Median Days to Sell 35 37 2 5.71%
Listings 50 36 -14 -28.00%
Sales/Listing Ratio 42.0% 44.4% 2.4% 5.71%
Months of Inventory 2.0 2.0 0 0.00%
Monthly Comparison Year-to-Year Nov 2014 Nov 2015 Delta Delta Increase Decrease
Total Sales 12 16 4 33.33%
Median Sales Price 1,437,000 1,650,000 213,000 14.82%
Median Days to Sell 39 37 -2 -5.13%
Listings 49 36 -13 -26.53%
Months of Inventory 3.8 2.0 -1.8 -47.37%
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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