october 2014 hermosa beach real estate market trends update

15
Hermosa Beach Residential Real Estate Market Conditions October 2014

Upload: hhc-south-bay-real-estate-agents

Post on 17-Jul-2015

37 views

Category:

Real Estate


2 download

TRANSCRIPT

Hermosa Beach Residential Real Estate

Market Conditions October 2014

Table of

Contents

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

Back to Table of Contents

= 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%

Back to Table of Contents

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

0

2

4

6

8

10

12

14

16

18

20

Aug Sep Oct

2014 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 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

0

5

10

15

20

25

2012 2013 2014

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 1,815,000 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

-

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

Back to Table of Contents

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

-

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

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 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

-

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

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 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%

-

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

Back to Table of Contents

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

0

10

20

30

40

50

60

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

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 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

-

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

Back to Table of Contents

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

-

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…

Back to Table of Contents

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

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

[email protected]

• 310-404-5361

Back to Table of Contents

Listings MLS BLOG Website