november 2013 hermosa beach real estate market trends update
DESCRIPTION
Hermosa Beach real estate statistics and analysis for November 2013. 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 November 2013
Table of
Contents
Key Statistics for November
Sales 2013 Residential Sales Stats: Sep - Nov Year-to-Year Total Sales by Map Area: Nov Median 2013 Median Sales Stats: Sep - Nov Year-to-Year Median Sales by Map Area: Nov Listings 2013 Active Listings by Map Area 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Nov Inventory 2013 Months of Inventory by Map Area Year-to-Year Months of Inventory
Outlook for November
About the Mother & Son South Bay Real Estate Team Contact Information
Key Statistics for November
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 22 19 -3 -13.64%
Median Sales Price 1,300,000 1,089,000 (211,000) -16.23%
Median Days to Sell 38 50 12 31.58%
Listings 51 40 -11 -21.57%
Sales/Listing Ratio 43.1% 47.5% 4.4% 10.21%
Inventory Turnover 2.6 3.4 0.8 30.77%
Monthly Comparison Year-to-Year Nov 2012 Nov 2013 Delta Delta Increase Decrease
Total Sales 17 19 2 11.76%
Median Sales Price 890,000 1,089,000 199,000 22.36%
Median Days to Sell 31 50 19 61.29%
Listings 53 40 -13 -24.53%
Inventory Turnover 3.1 2.1 -1 -32.26%
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Sep Oct Nov
2013 Residential Sales Statistics: Sep - Nov
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Residential Sales by Map Area Sep Oct Nov YTD
Hermosa Bch Sand 7 9 9 16
Hermosa Bch Valley 3 5 5 8
Hermosa Bch East 5 8 5 13
Total Monthly Sales 15 22 19 37
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2011 2012 2013
Total Sales by Map Area: Year-to-Year for November
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Sales by Map Area: Year-to-Year for November 2011 2012 2013
Hermosa Bch Sand 7 8 9
Hermosa Bch Valley 1 4 5
Hermosa Bch East 4 5 5
Total Sales 12 17 19
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Sep Oct Nov
2013 Median Sales Price Statistics: Sep - Nov
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2013 Median Sales Price by Map Area Sep Oct Nov
Hermosa Bch Sand 1,550,000 1,425,000 1,599,000
Hermosa Bch Valley 1,105,000 1,399,000 965,000
Hermosa Bch East 957,000 845,500 425,000
Market Median Sale Price 1,065,000 1,300,000 1,089,000
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Median Sale Price by Map Area: Year-to-Year for November 2011 2012 2013
Hermosa Bch Sand 825,000 817,098 1,599,000
Hermosa Bch Valley 1,235,000 912,500 965,000
Hermosa Bch East 782,500 890,000 425,000
Market Median Sale Price 815,000 890,000 1,089,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2011 2012 2013
Median Sale Price by Map Area: Year-to-Year for November
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sale Price
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5
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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
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 18 19 26 30 23 19 15 17 20 21 12
Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 17 11
Hermosa Bch East 12 18 16 16 18 20 21 16 18 13 17
Total Active Listings 47 52 59 66 63 57 51 47 54 51 40
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40
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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
2013 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 18 19 26 30 23 19 15 17 20 21 12
Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 17 11
Hermosa Bch East 12 18 16 16 18 20 21 16 18 13 17
Total Active Listings 47 52 59 66 63 57 51 47 54 51 40
Total Sales 8 12 16 19 26 20 30 30 15 22 19
Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8% 43.1% 47.5%
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2011 2012 2013
Active Listings by Map Area: Year-to-Year for November
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Active Listings by Map Area: Year-to-Year for November 2011 2012 2013
Hermosa Bch Sand 39 28 12
Hermosa Bch Valley 28 13 11
Hermosa Bch East 10 12 17
Total Active Listings 77 53 40
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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
2013 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 6.0 3.8 3.8 3.8 2.1 2.7 1.4 1.3 2.9 1.9 1.3
Hermosa Bch Valley 8.5 - - 4.0 2.8 3.0 1.7 2.3 5.3 2.6 2.2
Hermosa Bch East 4.0 2.6 2.6 2.7 2.6 2.9 2.1 1.5 3.6 2.6 3.4
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2.0
4.0
6.0
8.0
10.0
12.0
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18.0
20.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory: Year-to-Year
2011
2012
2013
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 7.6 19.0 10.2 10.3 3.4 4.5 5.1 4.8 5.9 7.6 6.4 4.6
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
Outlook for December
It is no surprise given the holiday season that residential real estate statistics for Hermosa Beach during
the month of November dropped off relative to October’s performance. That said, however, year-over-
year data for November 2013 relative to 2012 reveals considerable improvements in appreciation of the
median sales price and the inventory turnover rate.
Given this information the general forecast for December 2013 is not too distinctly from November.
Thinking ahead: Buyers, remember that the cost to borrow money remains at historically low levels.
Sellers, low inventory provides a better opportunity to market your property for sale due to less
competition.
With this in mind, the recap is…
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Month-to-Month Comparison Oct 2013 Nov 2013 Delta (qty) Delta (%) Increase Decrease
Total Sales 22 19 -3 -13.64%
Median Sales Price 1,300,000 1,089,000 (211,000) -16.23%
Median Days to Sell 38 50 12 31.58%
Listings 51 40 -11 -21.57%
Sales/Listing Ratio 43.1% 47.5% 4.4% 10.21%
Inventory Turnover 2.6 3.4 0.8 30.77%
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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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.
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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