june 2014 hermosa beach real estate market trends update
DESCRIPTION
Hermosa Beach real estate statistics and analysis for June 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.TRANSCRIPT
Table of
Contents
Key Statistics for June
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 July
About Hady Chahine Contact Information
Key Statistics for June
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 21 3 16.67%
Median Sales Price 1,230,000 1,100,000 (130,000) -10.57%
Median Days to Sell 40 27 -13 -32.50%
Listings 49 53 4 8.16%
Sales/Listing Ratio 36.7% 39.6% 2.9% 7.90%
Months of Inventory 2.7 2.5 -0.2 -7.41%
Monthly Comparison Year-to-Year Jun 2013 Jun 2014 Delta Delta Increase Decrease
Total Sales 20 21 1 5.00%
Median Sales Price 1,205,000 1,100,000 (105,000) -8.71%
Median Days to Sell 54 27 -27 -50.00%
Listings 57 53 -4 -7.02%
Months of Inventory 2.9 2.5 -0.4 -13.79%
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Total Sales Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 21 5 10
Hermosa Bch Valley 5 4 5
Hermosa Bch East 5 9 6
Total Sales 31 18 21
0
5
10
15
20
25
30
35
Apr May Jun
2014 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 2012 2013 2014
Hermosa Bch Sand 10 7 10
Hermosa Bch Valley 3 6 5
Hermosa Bch East 6 7 6
Total Sales 19 20 21
0
5
10
15
20
25
2012 2013 2014
Total Sales Year-to-Year by Map Area: June
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 1,565,000 1,165,000 1,462,500
Hermosa Bch Valley 1,170,000 1,107,500 975,000
Hermosa Bch East 1,390,000 1,287,500 962,500
Market Median Sales Price 1,495,000 1,230,000 1,100,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Apr May Jun
2014 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 2012 2013 2014
Hermosa Bch Sand 1,082,500 1,425,000 1,462,500
Hermosa Bch Valley 1,160,000 1,142,500 975,000
Hermosa Bch East 730,000 945,000 962,500
Market Median Sales Price 1,065,000 1,205,000 1,100,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: June
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 14 16 23 21 23 23
Hermosa Bch Valley 11 10 9 11 10 6
Hermosa Bch East 8 12 18 16 16 24
Total Active Listings 33 38 50 48 49 53
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5
10
15
20
25
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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Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23 21 23 23
Hermosa Bch Valley 11 10 9 11 10 6
Hermosa Bch East 8 12 18 16 16 24
Total Active Listings 33 38 50 48 49 53
Total Sales 12 14 11 31 18 21
Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6%
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10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 44 19 23
Hermosa Bch Valley 20 18 6
Hermosa Bch East 22 20 24
Total Active Listings 86 57 53
0
10
20
30
40
50
60
70
80
90
2012 2013 2014
Active Listings Year-to-Year by Map Area: June
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 4.7 2.7 7.7 1.0 4.6 2.3
Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2
Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0
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1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
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
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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 2.7 4.6 1.6 2.7 2.5
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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
Outlook for July In summary, according to the MLS Hermosa Beach real activity during the month of June produced a
16.67% increase in total sales, an 8.16% jump in new listings, a 7.9% improvement in the sales/listing
ratio, and drops in both the median days to sell and months of inventory. The only stat trending off pace
relative to last month is the median sales price, but this number tends to bounce around a bit when
compared on a monthly basis versus year-over-year.
With summer upon us expectations are promising that seller and buyer activity will continue to intensify,
especially during July. The only caveat, however, is the one question I am continually presented with, and
that is: “Will mortgage money continue to remain at historically low rates?” Because the answer to this
question is extremely complicated a simple response that I offer in return is to take capitalize on this
opportunity while it lasts, assuming a thorough analysis of your personal situation supports the decision.
Your recap…
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Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 18 21 3 16.67%
Median Sales Price 1,230,000 1,100,000 (130,000) -10.57%
Median Days to Sell 40 27 -13 -32.50%
Listings 49 53 4 8.16%
Sales/Listing Ratio 36.7% 39.6% 2.9% 7.90%
Months of Inventory 2.7 2.5 -0.2 -7.41%
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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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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