september 2013 hermosa beach real estate market trends update
DESCRIPTION
Hermosa Beach real estate statistics and analysis for September 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 September 2013
Table of Contents
Key StatisticsFor September
Sales2013 Residential Sales Stats: July – Sept Graph2013 Residential Sales Stats: July – Sept DataYear-to-Year Total Sales by Map Area: Sept GraphYear-to-Year Total Sales by Map Area: Sept Data
Median2013 Median Sales Stats: July – Sept Graph2013 Median Sales Stats: July – Sept DataYear-to-Year Median Sales by Map Area: Sept GraphYear-to-Year Median Sales by Map Area: Sept Data
Listings2013 Active Listings by Map Area Graph2013 Active Listings by Map Area Data2013 Total Active Listings vs. Total Sales Graph2013 Total Active Listings vs. Total Sales DataYear-to-Year Active Listings by Map Area: Sept GraphYear-to-Year Active Listings by Map Area: Sept Data
Inventory2013 Months of Inventory by Map Area Graph2013 Months of Inventory by Map Area DataYear-to-Year Months of Inventory GraphYear-to-Year Months of Inventory Data
OutlookFor October
About The Mother & Son South Bay Real Estate TeamContact Information
Key Statistics for September
Total Home Sales: 15 34.8% from September 2012
Median Sales Price Down $165K 13.4% from September 2012 Median Days to Sell: 37 32.7% from September 2012 Current Active Listings: 54 14.9% from August 2013 Inventory Turnover: 3.6 Months 13.6% from September 2012 Sales/Listing Ratio: 27.8%
Back to Table of Contents
* See next slide for supportive dataBack to Table of Contents
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East0
2
4
6
8
10
12
14
2013 Residential Sales Statistics: July - Sept
Sept
Aug
July
Back to Table of Contents
2013 Residential Sales by Map Area Sept Aug July YTD
Hermosa Bch Sand 7 13 11 127
Hermosa Bch Valley 3 6 10 100
Hermosa Bch East 5 11 9 163
Total Sales 15 30 30 390
* See next slide for supportive dataBack to Table of Contents
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales0
5
10
15
20
25
Total Sales by Map Area: Year-to-Year for September
2013
2012
2011
Back to Table of Contents
Sales by Map Area: Year-to-Year for September 2013 2012 2011Hermosa Bch Sand 7 10 7Hermosa Bch Valley 3 8 1Hermosa Bch East 5 5 7
Total Sales 15 23 15
* See next slide for supportive dataBack to Table of Contents
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Medians -
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2013 Median Sales Statistics: July - Sept
Sept
Aug
July
Back to Table of Contents
2013 Median Sales by Map Area Sept Aug July
Hermosa Bch Sand 1,550,000 1,651,000 1,200,000
Hermosa Bch Valley 1,105,000 705,000 1,065,000
Hermosa Bch East 957,000 950,000 1,187,500
Market Medians 1,065,000 1,207,500 1,160,000
* See next slide for supportive dataBack to Table of Contents
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Market Sales Medians -
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Median Sales Price by Map Area: Year-to-Year for September
2013
2012
2011
Back to Table of Contents
Median Sales Price by Map Area: Year-to-Year for September 2013 2012 2011Hermosa Bch Sand 1,550,000 1,267,500 900,000 Hermosa Bch Valley 1,105,000 1,010,500 439,000 Hermosa Bch East 957,000 825,000 935,400
Total Market Sales Medians 1,065,000 1,230,000 910,000
* See next slide for supportive dataBack to Table of Contents
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
5
10
15
20
25
30
2013 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Back to Table of Contents
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 Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 Hermosa Bch East 12 18 16 16 18 20 21 16 18
Total Active Listings 47 52 59 66 63 57 51 47 54 Total Sales 8 12 16 19 26 20 30 30 15
Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8%
* See next slide for supportive dataBack to Table of Contents
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
10
20
30
40
50
60
70
2013 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
Back to Table of Contents
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 Hermosa Bch Valley 17 15 17 20 22 18 15 14 16 Hermosa Bch East 12 18 16 16 18 20 21 16 18
Total Active Listings 47 52 59 66 63 57 51 47 54 Total Sales 8 12 16 19 26 20 30 30 15
Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8%
* See next slide for supportive dataBack to Table of Contents
Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East0
5
10
15
20
25
30
35
40
45
50
Active Listings by Map Area: Year-to-Year for September
2013 2012
2011
Back to Table of Contents
Active Listings by Map Area: Year-to-Year for September 2013 2012 2011Hermosa Bch Sand 20 38 47Hermosa Bch Valley 16 21 13Hermosa Bch East 18 14 29
Total Active Listings 54 73 89
* See next slide for supportive dataBack to Table of Contents
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2013 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Back to Table of Contents
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 Hermosa Bch Valley 8.5 - - 4.0 2.8 3.0 1.7 2.3 5.3 Hermosa Bch East 4.0 2.6 2.6 2.7 2.6 2.9 2.1 1.5 3.6
* See next slide for supportive dataBack to Table of Contents
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec -
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
Months of Inventory: Year-to-Year
2013
2012
2011
Back to Table of Contents
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2013 5.9 4.3 3.7 3.5 2.4 2.9 1.7 1.6 3.6 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 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
Outlook for OctoberBased on historical trends, it is expected that the supply of properties for sale in October will increase as buyer activity decreases. This normally occurs this time of year because people are focusing their attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer interest will remain active throughout October, and perhaps even thru the end of 2013.
With this in mind – supply increasing and buyers shopping – Q4 of 2013 could prove interesting. Nevertheless, according to key statistics sellers should be conservative when pricing their properties for sale and be willing to negotiate. Buyers, on the other hand, should shop all available listings as supply is likely to increase in volume making possible many acceptable alternatives to choose from.
Keep in mind… Residential homes sales decreased 34+% from September 2012 to 2013 Median sales price decreased $165K from September 2012 to 2013 Median days to sell decreased 32.7% from September 2012 to 2013 Months of inventory on average has shown signs of improvement throughout 2013 relative to 2012 Active listings in September 2013 totaled 54, which is up 14+% from August And, the sales/listing ratio is 27.8%
Back to Table of Contents
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
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.
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
Back to Table of Contents