November 2016 Hermosa Beach Real Estate Market Trends Update
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Hermosa Beach Residential Real Estate Market Conditions November 2016
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Transcript of November 2016 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for November
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 November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2016 Nov 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 16 -7 -30.43%
Median Sales Price 1,975,000 1,449,500 (525,500) -26.61%
Median Days to Sell 57 33 -24 -42.11%
Listings 69 62 -7 -10.14%
Sales/Listing Ratio 33.3% 25.8% -7.5% -22.52%
Months of Inventory 3.0 4.0 1 33.33%
Monthly Comparison Year-to-Year Nov 2015 Nov 2015 Delta Delta Increase Decrease
Total Sales 16 16 0 0.00%
Median Sales Price 1,650,000 1,449,500 (200,500) -12.15%
Median Days to Sell 37 33 -4 -10.81%
Listings 57 62 5 8.77%
Months of Inventory 2.0 4.0 2 100.00%
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Total Sales Month-to-Month by Map Area Sep Oct Nov
Hermosa Bch Sand 8 10 8
Hermosa Bch Valley 3 5 6
Hermosa Bch East 9 8 2
Total Sales 20 23 16
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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 6 5 8
Hermosa Bch Valley 4 7 6
Hermosa Bch East 2 4 2
Total Sales 12 16 16
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2014 2015 2016
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 2,349,500 2,497,063 1,949,500
Hermosa Bch Valley 1,700,000 1,785,000 1,102,500
Hermosa Bch East 1,347,500 1,850,000 1,367,000
Market Median Sales Price 1,745,000 1,975,000 1,449,500
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
Sep Oct Nov
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 1,615,500 2,025,000 1,949,500
Hermosa Bch Valley 1,374,500 1,800,000 1,102,500
Hermosa Bch East 946,250 1,139,000 1,367,000
Market Median Sales Price 1,437,000 1,650,000 1,449,500
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500,000
1,000,000
1,500,000
2,000,000
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2014 2015 2016
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 21 24 24 36 35 40 48 41 42 35 33
Hermosa Bch Valley 11 9 8 10 13 13 11 13 17 16 11
Hermosa Bch East 6 11 19 25 19 19 18 16 13 18 18
Total Active Listings 38 44 51 71 67 72 77 70 72 69 62
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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 48 41 42 35 33
Hermosa Bch Valley 11 9 8 10 13 13 11 13 17 16 11
Hermosa Bch East 6 11 19 25 19 19 18 16 13 18 18
Total Active Listings 38 44 51 71 67 72 77 70 72 69 62
Total Sales 10 18 16 18 18 22 23 26 20 23 16
Sales/Listings Ratio 26.3% 40.9% 31.4% 25.4% 26.9% 30.6% 29.9% 37.1% 27.8% 33.3% 25.8%
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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 36 32 33
Hermosa Bch Valley 16 17 11
Hermosa Bch East 10 8 18
Total Active Listings 62 57 62
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2014 2015 2016
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 3.0 2.0 3.0 6.0 4.0 6.0 5.0 3.0 5.0 4.0 4.0
Hermosa Bch Valley 6.0 2.0 2.0 2.0 7.0 3.0 2.0 3.0 6.0 3.0 2.0
Hermosa Bch East 6.0 4.0 6.0 4.0 2.0 2.0 2.0 2.0 1.0 2.0 9.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
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9.0
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 3.0 3.0 4.0 3.0 4.0
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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 Hermosa Beach real estate investment slowed in November as total sales plunged 30.43%, median sales price dropped 26.61%, net listings fell 10.14%, and the sales-listing ratio decreased 22.52%. The median days to sell metric, however, improved 42.11%. Year-over-year months of inventory data point doubled from November 2015 to 2016.
In November, C.A.R. reported ““California’s housing market showed signs of cooling competition with fewer price reductions and properties receiving multiple offers dropping for the seventh straight month.” http://www.car.org/newsstand/newsreleases/2016releases/oct2016pending?view=Standard
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 Nov 2015 Nov 2015 Delta Delta Increase Decrease
Total Sales 16 16 0 0.00%
Median Sales Price 1,650,000 1,449,500 (200,500) -12.15%
Median Days to Sell 37 33 -4 -10.81%
Listings 57 62 5 8.77%
Months of Inventory 2.0 4.0 2 100.00%
Month-to-Month Comparison Oct 2016 Nov 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 16 -7 -30.43%
Median Sales Price 1,975,000 1,449,500 (525,500) -26.61%
Median Days to Sell 57 33 -24 -42.11%
Listings 69 62 -7 -10.14%
Sales/Listing Ratio 33.3% 25.8% -7.5% -22.52%
Months of Inventory 3.0 4.0 1 33.33%
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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