september 2015 hermosa beach real estate market trends update
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Table of
Contents
Key Statistics for September
Sales 2015 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2015 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2015 Active Listings by Map Area 2015 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2015 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for September
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Aug 2015 Sep 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 19 -4 -17.39%
Median Sales Price 1,425,000 1,300,000 (125,000) -8.77%
Median Days to Sell 48 36 -12 -25.00%
Listings 55 55 0 0.00%
Sales/Listing Ratio 41.8% 34.5% -7.3% -17.46%
Months of Inventory 2.0 3.0 1 50.00%
Monthly Comparison Year-to-Year Sep 2014 Sep 2015 Delta Delta Increase Decrease
Total Sales 19 19 0 0.00%
Median Sales Price 1,095,000 1,300,000 205,000 18.72%
Median Days to Sell 39 36 -3 -7.69%
Listings 42 55 13 30.95%
Months of Inventory 2.0 3.0 1 50.00%
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Total Sales Month-to-Month by Map Area Jul Aug Sep
Hermosa Bch Sand 8 12 7
Hermosa Bch Valley - 3 7
Hermosa Bch East 6 8 5
Total Sales 14 23 19
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5
10
15
20
25
Jul Aug Sep
2015 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 2013 2014 2015
Hermosa Bch Sand 7 6 7
Hermosa Bch Valley 3 2 7
Hermosa Bch East 5 11 5
Total Sales 15 19 19
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2
4
6
8
10
12
14
16
18
20
2013 2014 2015
Total Sales Year-to-Year by Map Area: September
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Jul Aug Sep
Hermosa Bch Sand 1,461,000 1,437,500 1,875,000
Hermosa Bch Valley - 1,475,000 890,000
Hermosa Bch East 1,763,750 1,300,000 1,060,000
Market Median Sales Price 1,580,500 1,425,000 1,300,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
Jul Aug Sep
2015 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 2013 2014 2015
Hermosa Bch Sand 1,550,000 1,517,500 1,875,000
Hermosa Bch Valley 1,105,000 1,535,500 890,000
Hermosa Bch East 957,000 865,000 1,060,000
Market Median Sales Price 1,065,000 1,095,000 1,300,000
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200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2,000,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: September
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 16 21 24 29 36 35 33 36 41
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9
Hermosa Bch East 5 9 9 15 9 9 11 9 5
Total Active Listings 27 36 38 51 52 49 51 55 55
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5
10
15
20
25
30
35
40
45
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 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 16 21 24 29 36 35 33 36 41
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9
Hermosa Bch East 5 9 9 15 9 9 11 9 5
Total Active Listings 27 36 38 51 52 49 51 55 55
Total Sales 15 9 20 30 15 21 14 23 19
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5% 41.8% 34.5%
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10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
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Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 20 22 41
Hermosa Bch Valley 16 10 9
Hermosa Bch East 20 10 5
Total Active Listings 56 42 55
-
10
20
30
40
50
60
2013 2014 2015
Active Listings Year-to-Year by Map Area: September
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 1.8 5.3 2.4 2.1 5.0 5.0 4.0 3.0 6.0
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 - 3.0 1.0
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0 1.0 1.0
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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
2015 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
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 3.8 1.7
2015 1.8 4.0 1.9 1.7 1.5 2.0 4.0 2.0 3.0
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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
2013
2014
2015
Summary Hermosa Beach real estate activity in September was rather disappointing with a 17.39% decline in total sales, an 8.77% drop in the market median sales price, and a 17.46% decrease in the sales listing ratio. Trending positive, however, was the market median days to sell, which improved by 25%, and total listings, which held constant at 55. From a year-to-year perspective this analysis becomes reassuring as data points across the board indicate healthy market performance. In the news… According to C.A.R., “Statewide sales were above the 400,000 mark for the sixth straight month” with the median home price increasing “4.3 percent from September 2014.” http://www.car.org/newsstand/newsreleases/2015releases/septemberhomesales For my perspective on real estate market trending behavior please contact me today, because the process of buying and selling property is often more complicated than it appears. - I look forward to hearing from you!
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Month-to-Month Comparison Aug 2015 Sep 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 23 19 -4 -17.39%
Median Sales Price 1,425,000 1,300,000 (125,000) -8.77%
Median Days to Sell 48 36 -12 -25.00%
Listings 55 55 0 0.00%
Sales/Listing Ratio 41.8% 34.5% -7.3% -17.46%
Months of Inventory 2.0 3.0 1 50.00%
Monthly Comparison Year-to-Year Sep 2014 Sep 2015 Delta Delta Increase Decrease
Total Sales 19 19 0 0.00%
Median Sales Price 1,095,000 1,300,000 205,000 18.72%
Median Days to Sell 39 36 -3 -7.69%
Listings 42 55 13 30.95%
Months of Inventory 2.0 3.0 1 50.00%
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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