hermosa beach real estate market conditions - july 2015
DESCRIPTION
Hermosa Beach real estate statistics and analysis for July 2015. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.TRANSCRIPT
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Key Statistics for July
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
Recap & Outlook for August
About Hady Chahine Contact Information
Key Statistics for July
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 14 -7 -33.33%
Median Sales Price 1,250,000 1,580,500 330,500 26.44%
Median Days to Sell 29 60 31 106.90%
Listings 49 51 2 4.08%
Sales/Listing Ratio 42.9% 27.5% -15.4% -35.90%
Months of Inventory 2 4 2 100.00%
Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease
Total Sales 18 14 -4 -22.22%
Median Sales Price 999,500 1,580,500 581,000 58.13%
Median Days to Sell 50 60 10 20.00%
Listings 50 51 1 2.00%
Months of Inventory 2.3 4 1.7 73.91%
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Total Sales Month-to-Month by Map Area May Jun Jul
Hermosa Bch Sand 7 7 8
Hermosa Bch Valley 2 5 0
Hermosa Bch East 6 9 6
Total Sales 15 21 14
0
5
10
15
20
25
May Jun Jul
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 11 6 8
Hermosa Bch Valley 9 3 0
Hermosa Bch East 10 9 6
Total Sales 30 18 14
0
5
10
15
20
25
30
2013 2014 2015
Total Sales Year-to-Year by Map Area: July
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area May Jun Jul
Hermosa Bch Sand 2,200,000 1,250,000 1,461,000
Hermosa Bch Valley 1,462,500 563,500 0
Hermosa Bch East 1,324,500 1,350,000 1,763,750
Market Median Sales Price 1,475,000 1,250,000 1,580,500
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
May Jun Jul
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 1,200,000 1,264,500 1,461,000
Hermosa Bch Valley 1,065,000 998,500 0
Hermosa Bch East 1,187,500 875,000 1,763,750
Market Median Sales Price 1,160,000 999,500 1,580,500
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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
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: July
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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5
10
15
20
25
30
35
40
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
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
Hermosa Bch Valley 6 6 5 7 7 5 7
Hermosa Bch East 5 9 9 15 9 9 11
Total Active Listings 27 36 38 51 52 49 51
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10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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
Hermosa Bch Valley 6 6 5 7 7 5 7
Hermosa Bch East 5 9 9 15 9 9 11
Total Active Listings 27 36 38 51 52 49 51
Total Sales 15 9 20 30 15 21 14
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5%
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 15 23 33
Hermosa Bch Valley 16 9 7
Hermosa Bch East 20 18 11
Total Active Listings 51 50 51
0
10
20
30
40
50
60
2013 2014 2015
Active Listings Year-to-Year by Map Area: July
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
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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
2015 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 0
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0
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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
Months of Inventory Year-to-Year
2013
2014
2015
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
Recap & Outlook for August
With total sales down 33.33% relative to a median sale price increase of 26.44%, the month of July proved a bit perplexing for real estate activity in Hermosa Beach. Other stats that divided market trending behavior included a 106.9% spike in the median days to sale and a 35.9% drop in the sales/listing ratio compared to fairly stable listings with a 4.08% increase month-over-month. Oddly enough several year-over-year data points reflect comparable consumer behavior for the month of July. In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the fourth straight month” while “available housing supply remains constrained at 3.3 months of inventory” (http://www.car.org/newsstand/newsreleases/2015releases/july2015sales?view=Standard). Expectations for August remain overly optimistic despite the market’s general attitude toward the Fed’s likely action of policy changes to influence the hike in interest rates.
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Month-to-Month Comparison June 2015 July 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 21 14 -7 -33.33%
Median Sales Price 1,250,000 1,580,500 330,500 26.44%
Median Days to Sell 29 60 31 106.90%
Listings 49 51 2 4.08%
Sales/Listing Ratio 42.9% 27.5% -15.4% -35.90%
Months of Inventory 2 4 2 100.00%
Monthly Comparison Year-to-Year July 2014 July 2015 Delta Delta Increase Decrease
Total Sales 18 14 -4 -22.22%
Median Sales Price 999,500 1,580,500 581,000 58.13%
Median Days to Sell 50 60 10 20.00%
Listings 50 51 1 2.00%
Months of Inventory 2.3 4 1.7 73.91%
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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Hady Chahine
• 310-404-5361
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