october 2014 hermosa beach real estate market trends update
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Table of
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Key Statistics for October
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 November
About Hady Chahine Contact Information
Key Statistics for October
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 16 -3 -15.79%
Median Sales Price 1,095,000 1,267,500 172,500 15.75%
Median Days to Sell 39 27 -12 -30.77%
Listings 37 45 8 21.62%
Sales/Listing Ratio 51.4% 35.6% -15.8% -30.74%
Months of Inventory 2 2.8 0.8 40.00%
Monthly Comparison Year-to-Year Oct 2013 Oct 2014 Delta Delta Increase Decrease
Total Sales 21 16 -5 -23.81%
Median Sales Price 1,300,000 1,267,500 (32,500) -2.50%
Median Days to Sell 38 27 -11 -28.95%
Listings 54 45 -9 -16.67%
Months of Inventory 2.3 2.8 0.5 21.74%
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Total Sales Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 9 6 7
Hermosa Bch Valley 3 2 4
Hermosa Bch East 5 11 5
Total Sales 17 19 16
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Aug Sep Oct
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 7 8 7
Hermosa Bch Valley 4 6 4
Hermosa Bch East 5 7 5
Total Sales 16 21 16
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25
2012 2013 2014
Total Sales Year-to-Year by Map Area: October
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Aug Sep Oct
Hermosa Bch Sand 1,815,000 1,517,500 1,499,000
Hermosa Bch Valley 505,000 1,535,500 718,000
Hermosa Bch East 1,530,000 865,000 1,350,000
Market Median Sales Price 1,430,000 1,095,000 1,267,500
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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
2,000,000
Aug Sep Oct
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 1,160,000 1,412,500 1,499,000
Hermosa Bch Valley 972,500 1,349,500 718,000
Hermosa Bch East 620,000 865,000 1,350,000
Market Median Sales Price 895,000 1,300,000 1,267,500
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
2012 2013 2014
Median Sales Price Year-to-Year by Map Area: October
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 18 16 18 24
Hermosa Bch Valley 11 10 9 11 10 6 8 5 10 11
Hermosa Bch East 8 12 18 16 16 24 15 15 9 10
Total Active Listings 33 38 50 48 49 53 41 36 37 45
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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 18 16 18 24
Hermosa Bch Valley 11 10 9 11 10 6 8 5 10 11
Hermosa Bch East 8 12 18 16 16 24 15 15 9 10
Total Active Listings 33 38 50 48 49 53 41 36 37 45
Total Sales 12 14 11 31 18 21 18 17 19 16
Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% 43.9% 47.2% 51.4% 35.6%
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10
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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 36 17 24
Hermosa Bch Valley 17 15 11
Hermosa Bch East 12 22 10
Total Active Listings 65 54 45
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20
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70
2012 2013 2014
Active Listings Year-to-Year by Map Area: October
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 3.0 1.8 3.0 3.4
Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2 2.7 1.7 5.0 2.8
Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0 1.7 3.0 0.8 2.0
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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 2.3 2.1 2.0 2.8
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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 November
The Hermosa Beach real estate market produced respectable stats for the month of October, most
notably the $172.5K increase in the market median sales price as compared to September. In addition,
improvements were recorded for both the median days to sell and active listings. Moreover, data
analysis from a year-over-year perspective reveals the market median sales price held strong losing only
2.5% of gains realized. Personally, considering the economic turmoil in this country during the trailing 12
months I would argue this is saying a lot about the housing recovery.
Given the aforementioned, however, I suspect activity to slow a bit with the upcoming holiday season
thus expect to see a shift in several trending stats for November. Still, the caveat that remains difficult to
judge is due to mortgage money remaining relatively inexpensive and its availability to qualified buyers.
Suffice it to say demand to secure a 30-year fixed rate loan at historically low single digit numbers
continues to entice buying behavior and, based on the MLS database, sellers are listing.
Your recap…
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Month-to-Month Comparison Sep 2014 Oct 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 19 16 -3 -15.79%
Median Sales Price 1,095,000 1,267,500 172,500 15.75%
Median Days to Sell 39 27 -12 -30.77%
Listings 37 45 8 21.62%
Sales/Listing Ratio 51.4% 35.6% -15.8% -30.74%
Months of Inventory 2 2.8 0.8 40.00%
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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