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Hermosa Beach
Residential Real EstateMarket Conditions
Hermosa Beach
Residential Real EstateMarket ConditionsSeptember 2013
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Table ofContentsTable ofContents
Key StatisticsFor September
Sales2013 Residential Sales Stats: July Sept Graph2013 Residential Sales Stats: July Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data
Median
2013 Median Sales Stats: July Sept Graph2013 Median Sales Stats: July Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data
Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data
2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data
Inventory2013 Months of Inventory by Map Area Graph
2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data
OutlookFor October
About The Mother & Son South Bay Real Estate Team
Contact Information
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Key Statistics for SeptemberKey Statistics for September
Total Home Sales: 15 34.8% from September 2012
Median Sales Price Down $165K 13.4% from September 2012
Median Days to Sell: 37 32.7% from September 2012
Current Active Listings: 54 14.9% from August 2013
Inventory Turnover: 3.6 Months 13.6% from September 2012 Sales/Listing Ratio: 27.8%
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* See next slide for supportive dataBack to Table of Contents
0
2
4
6
8
10
12
14
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East
2013 Residential Sales Statistics: July - Sept
Sept
Aug
July
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1 0 0 0
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5
10
15
20
25
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales
Total Sales by Map Area: Year-to-Year for September
2013
2012
2011
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201 2012 2011
1 2 1
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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
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Medians
2013 Median Sales Statistics: July - Sept
Sept
Aug
July
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1,0,000 1,20,00 1,10,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Market SalesMedians
Median Sales Price by Map Area: Year-to-Year for September
2013
2012
2011
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1,0,000 1,20,000 10,000
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5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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201 /
% % % % % % % % %
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10
20
30
40
50
60
70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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% % % % % % % % %
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0
5
10
15
20
25
30
35
40
45
50
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East
Active Listings by Map Area: Year-to-Year for September
2013
2012
2011
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2013
2012
2011
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Outlook for OctoberOutlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as
buyer activity decreases. This normally occurs this time of year because people are focusing their attentionselsewhere, such as children returning to school and preparing for the holiday season. Since mortgageinterest rates remain relatively low, however, it is anticipated that buyer interest will remain active throughoutOctober, and perhaps even thru the end of 2013.
With this in mind supply increasing and buyers shopping Q4 of 2013 could prove interesting.
Nevertheless, according to key statistics sellers should be conservative when pricing their properties for saleand be willing to negotiate. Buyers, on the other hand, should shop all available listings as supply is likely toincrease in volume making possible many acceptable alternatives to choose from.
Keep in mind
Residential homes sales decreased 34+% from September 2012 to 2013
Median sales price decreased $165K from September 2012 to 2013
Median days to sell decreased 32.7% from September 2012 to 2013
Months of inventory on average has shown signs of improvement throughout 2013 relative to 2012
Active listings in September 2013 totaled 54, which is up 14+% from August
And, the sales/listing ratio is 27.8%
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About the Mother & SonSouth Bay Real Estate TeamAbout the Mother & SonSouth 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 visitors personal, non-commercial use and may not be used forany 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 InternetData 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 accuracyof 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 personalinspection by and/or with the appropriate professionals.
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
MLS: http://HHCRealEstate.com/south-bay-mls-real-estate-listings
Blog: http://HHCRealEstate.com/real-estate-news/
Hady Chahine [email protected] 310-404-5361
Hassana Chahine [email protected]
310-756-8949
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