hermosa beach real estate market conditions - october 2015
DESCRIPTION
Hermosa Beach real estate statistics and analysis for October 2015. Includes home sales, listings, inventory and historical performance on a month-to-month and year-to-year basis.TRANSCRIPT
Table of
Contents
Key Statistics for October
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 October
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 21 2 10.53%
Median Sales Price 1,300,000 1,265,000 (35,000) -2.69%
Median Days to Sell 36 35 -1 -2.78%
Listings 55 50 -5 -9.09%
Sales/Listing Ratio 34.5% 42.0% 7.5% 21.74%
Months of Inventory 3.0 2.0 -1 -33.33%
Monthly Comparison Year-to-Year Oct 2014 Oct 2015 Delta Delta Increase Decrease
Total Sales 16 21 5 31.25%
Median Sales Price 1,267,500 1,265,000 (2,500) -0.20%
Median Days to Sell 27 35 8 29.63%
Listings 50 50 0 0.00%
Months of Inventory 2.8 2.0 -0.8 -28.57%
Back to Table of Contents
Total Sales Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 12 7 13
Hermosa Bch Valley 3 7 5
Hermosa Bch East 8 5 3
Total Sales 23 19 21
-
5
10
15
20
25
Aug Sep Oct
2015 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 8 7 13
Hermosa Bch Valley 6 4 5
Hermosa Bch East 7 5 3
Total Sales 21 16 21
-
5
10
15
20
25
2013 2014 2015
Total Sales Year-to-Year by Map Area: October
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 1,437,500 1,875,000 2,100,000
Hermosa Bch Valley 1,475,000 890,000 635,000
Hermosa Bch East 1,300,000 1,060,000 1,200,000
Market Median Sales Price 1,425,000 1,300,000 1,265,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Aug Sep Oct
2015 Median Sales Price Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
Back to Table of Contents
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
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: October
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
Back to Table of Contents
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
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10
Total Active Listings 27 36 38 51 52 49 51 55 55 50
-
5
10
15
20
25
30
35
40
45
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
Back to Table of Contents
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
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10
Total Active Listings 27 36 38 51 52 49 51 55 55 50
Total Sales 15 9 20 30 15 21 14 23 19 21
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5% 41.8% 34.5% 42.0%
-
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
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 17 26 30
Hermosa Bch Valley 15 11 10
Hermosa Bch East 22 13 10
Total Active Listings 54 50 50
-
10
20
30
40
50
60
2013 2014 2015
Active Listings Year-to-Year by Map Area: October
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
Back to Table of Contents
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
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 - 3.0 1.0 2.0
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0 1.0 1.0 3.0
-
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
Back to Table of Contents
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
-
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
Summary Overall real estate activity for Hermosa Beach during October was reassuring as total sales increased 10.53%, median days to sell fell by 2.78%, and sales/listing ratio improved by more than 21% compared to September. The flip side to this coin, however, is that the median sales price and total listings dropped 2.69% and 9.09% respectively. Year-over-year analysis reveals a relatively stable median sales price at the $1.265 million range. In the news… According to C.A.R., statewide “home sales exceeded the 400,000 level in the October for the seventh consecutive month and posted higher on a year-to-year basis for the ninth straight month.” http://www.car.org/newsstand/newsreleases/2015releases/october2015sales?view=Standard For home owners thinking of selling but curious about valuation and marketing strategy please give me a call today to schedule a free CMA consultation. - No commitment, just a meet-and-greet and a chance to pick my brain about property value and market behavior in your local neighborhood.
Back to Table of Contents
Month-to-Month Comparison Sep 2015 Oct 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 21 2 10.53%
Median Sales Price 1,300,000 1,265,000 (35,000) -2.69%
Median Days to Sell 36 35 -1 -2.78%
Listings 55 50 -5 -9.09%
Sales/Listing Ratio 34.5% 42.0% 7.5% 21.74%
Months of Inventory 3.0 2.0 -1 -33.33%
Monthly Comparison Year-to-Year Oct 2014 Oct 2015 Delta Delta Increase Decrease
Total Sales 16 21 5 31.25%
Median Sales Price 1,267,500 1,265,000 (2,500) -0.20%
Median Days to Sell 27 35 8 29.63%
Listings 50 50 0 0.00%
Months of Inventory 2.8 2.0 -0.8 -28.57%
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
Back to Table of Contents
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
Back to Table of Contents
Listings MLS BLOG Website