january 2014 hermosa beach real estate market trends update
DESCRIPTION
Hermosa Beach real estate statistics and analysis for January 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.TRANSCRIPT
Hermosa Beach Residential Real Estate
Market Conditions January 2014
Table of
Contents
Key Statistics for January
Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for February
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for January
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= trending positive = trending positive
= trending negative = trending negative
Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase Decrease
Total Sales 8 12 4 50.00%
Median Sales Price 1,061,250 878,000 (183,250) -17.27%
Median Days to Sell 41 51 10 24.39%
Listings 47 33 -14 -29.79%
Months of Inventory 5.9 2.8 -3.1 -52.54%
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2014 Residential Sales by Map Area Jan YTD
Hermosa Bch Sand 3 3
Hermosa Bch Valley 5 5
Hermosa Bch East 4 4
Total Monthly Sales 12 12
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
Jan
2014 Residential Sales Statistics: January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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Sales by Map Area: Year-to-Year for January 2012 2013 2014
Hermosa Bch Sand 4 3 3
Hermosa Bch Valley 2 2 5
Hermosa Bch East 5 3 4
Total Sales 11 8 12
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
2012 2013 2014
Total Sales by Map Area: Year-to-Year for January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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2014 Median Sales Price by Map Area Jan
Hermosa Bch Sand 1,165,000
Hermosa Bch Valley 1,001,500
Hermosa Bch East 715,250
Market Median Sale Price 878,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Jan
2014 Median Sales Price Statistics: January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sale Price
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Median Sale Price by Map Area: Year-to-Year for January 2012 2013 2014
Hermosa Bch Sand 1,482,500 1,050,000 1,165,000
Hermosa Bch Valley 1,037,500 1,242,250 1,001,500
Hermosa Bch East 764,000 1,215,000 715,250
Market Median Sale Price 900,000 1,061,250 878,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2012 2013 2014
Median Sale Price by Map Area: Year-to-Year for January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sale Price
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2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14
Hermosa Bch Valley 11
Hermosa Bch East 8
Total Active Listings 33
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2
4
6
8
10
12
14
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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-
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14
Hermosa Bch Valley 11
Hermosa Bch East 8
Total Active Listings 33
Total Sales 12
Sales/Listings Ratio 36.4%
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Active Listings by Map Area: Year-to-Year for January 2012 2013 2014
Hermosa Bch Sand 34 18 14
Hermosa Bch Valley 8 17 11
Hermosa Bch East 23 12 8
Total Active Listings 65 47 33
0
5
10
15
20
25
30
35
2012 2013 2014
Active Listings by Map Area: Year-to-Year for January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
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-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 4.7
Hermosa Bch Valley 2.2
Hermosa Bch East 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
2012
2013
2014
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 5.9 4.4 3.3 5.1 3.7 4.5 3.8 4.0 3.2 4.1 3.1 1.8
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
Outlook for February
Data analysis of Hermosa Beach real estate activity for January 2014 relative to the same time last year
revealed a 50% increase in sales and almost a 53% reduction in the months of inventory. However, the
median sales price, median days to sell, and the number of listings all trended negative. What explains
the latter? Well, it can be any number of issues including, but not limited to, the Fed’s tapering back of QE
stimulus, tax season, and the current disposition of our national economy. Nevertheless, what is
promising is that the cost to borrow money remains at historically low levels. Thus, it is assumed February
will produce similar if not better results than those recorded in January.
Your recap…
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Monthly Comparison Year-to-Year Jan 2013 Jan 2014 Delta Delta Increase Decrease
Total Sales 8 12 4 50.00%
Median Sales Price 1,061,250 878,000 (183,250) -17.27%
Median Days to Sell 41 51 10 24.39%
Listings 47 33 -14 -29.79%
Months of Inventory 5.9 2.8 -3.1 -52.54%
About the Mother & Son
South 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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inspection by and/or with the appropriate professionals.
Website: http://HHCRealEstate.com
Listings: http://HHCRealEstate.com/featured-south-bay-homes
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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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