November 2016 Hermosa Beach Real Estate Market Trends Update
October 2016 Hermosa Beach Real Estate Market Trends Update
15
Hermosa Beach Residential Real Estate Market Conditions October 2016
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Transcript of October 2016 Hermosa Beach Real Estate Market Trends Update
Table of
Contents
Key Statistics for October
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 October
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Sep 2016 Oct 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 20 23 3 15.00%
Median Sales Price 1,745,000 1,975,000 230,000 13.18%
Median Days to Sell 37 57 20 54.05%
Listings 72 69 -3 -4.17%
Sales/Listing Ratio 27.8% 33.3% 5.5% 19.78%
Months of Inventory 4.0 3.0 -1 -25.00%
Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease
Total Sales 21 23 2 9.52%
Median Sales Price 1,265,000 1,975,000 710,000 56.13%
Median Days to Sell 35 57 22 62.86%
Listings 67 69 2 2.99%
Months of Inventory 3.0 3.0 0 0.00%
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Total Sales Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 13 8 10
Hermosa Bch Valley 5 3 5
Hermosa Bch East 8 9 8
Total Sales 26 20 23
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2016 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
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Total Sales
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Total Sales Year-to-Year by Map Area 2014 2015 2016
Hermosa Bch Sand 7 13 10
Hermosa Bch Valley 4 5 5
Hermosa Bch East 5 3 8
Total Sales 16 21 23
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Total Sales Year-to-Year by Map Area: October
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 2,650,000 2,349,500 2,497,063
Hermosa Bch Valley 1,879,000 1,700,000 1,785,000
Hermosa Bch East 1,340,000 1,347,500 1,850,000
Market Median Sales Price 1,771,250 1,745,000 1,975,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Aug Sep Oct
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 1,499,000 2,100,000 2,497,063
Hermosa Bch Valley 718,000 635,000 1,785,000
Hermosa Bch East 1,350,000 1,200,000 1,850,000
Market Median Sales Price 1,267,500 1,265,000 1,975,000
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500,000
1,000,000
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2014 2015 2016
Median Sales Price Year-to-Year by Map Area: October
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
Hermosa Bch Valley 11 9 8 10 13 13 11 13 17 16
Hermosa Bch East 6 11 19 25 19 19 18 16 13 18
Total Active Listings 38 44 51 71 67 72 77 70 72 69
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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
Hermosa Bch Valley 11 9 8 10 13 13 11 13 17 16
Hermosa Bch East 6 11 19 25 19 19 18 16 13 18
Total Active Listings 38 44 51 71 67 72 77 70 72 69
Total Sales 10 18 16 18 18 22 23 26 20 23
Sales/Listings Ratio 26.3% 40.9% 31.4% 25.4% 26.9% 30.6% 29.9% 37.1% 27.8% 33.3%
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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 32 39 35
Hermosa Bch Valley 15 18 16
Hermosa Bch East 13 10 18
Total Active Listings 60 67 69
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2014 2015 2016
Active Listings Year-to-Year by Map Area: October
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
Hermosa Bch Valley 6.0 2.0 2.0 2.0 7.0 3.0 2.0 3.0 6.0 3.0
Hermosa Bch East 6.0 4.0 6.0 4.0 2.0 2.0 2.0 2.0 1.0 2.0
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1.0
2.0
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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
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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 real estate picked up in October as closed escrows increased 15%, the median sales price improved 13.18%, and the sales-listing ratio climbed 19.78%. However, net listing fell 4.17% while the median days to sell jumped 54.05%. Year-over-year the months of inventory metric held steady at 3.0.
In the news… According to C.A.R., ““thirty-one percent of California households could afford to purchase the $515,940 median-priced home in the third quarter, unchanged from second-quarter 2016 and up from 29 percent in third-quarter 2015.” http://www.car.org/newsstand/newsreleases/2016releases/3qtrhousingaffordability
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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Monthly Comparison Year-to-Year Oct 2015 Oct 2016 Delta Delta Increase Decrease
Total Sales 21 23 2 9.52%
Median Sales Price 1,265,000 1,975,000 710,000 56.13%
Median Days to Sell 35 57 22 62.86%
Listings 67 69 2 2.99%
Months of Inventory 3.0 3.0 0 0.00%
Month-to-Month Comparison Sep 2016 Oct 2016 Delta (qty) Delta (%) Increase Decrease
Total Sales 20 23 3 15.00%
Median Sales Price 1,745,000 1,975,000 230,000 13.18%
Median Days to Sell 37 57 20 54.05%
Listings 72 69 -3 -4.17%
Sales/Listing Ratio 27.8% 33.3% 5.5% 19.78%
Months of Inventory 4.0 3.0 -1 -25.00%
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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