hermosa beach real estate market conditions - december 2015

7/25/2019 Hermosa Beach Real Estate Market Conditions - December 2015

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Hermosa BeachResidential Real Estate

Market ConditionsDecember 2015
http://hadychahine.com/


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Table ofContents

Key Statistics for December

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

Listings2015 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

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Contact Information
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Key Statistics for December

Back to Table of Contents

= trending positive = trending positive

= trending negative = trending negative

Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 16 20 4 25.00%

Median Sales Price 1,650,000 1,837,500 187,500 11.36%

Median Days to Sell 37 34 -3 -8.11%

Listings 36 29 -7 -19.44%

Sales/Listing Ratio 44.4% 69.0% 24.6% 55.41%

Months of Inventory 2.0 1.0 -1 -50.00%

Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease

Total Sales 15 20 5 33.33%

Median Sales Price 1,570,000 1,837,500 267,500 17.04%Median Days to Sell 51 34 -17 -33.33%

Listings 30 29 -1 -3.33%

Months of Inventory 1.7 1.0 -0.7 -41.18%
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Total Sales Month-to-Month by Map Area Oct Nov Dec

Hermosa Bch Sand 13 5 12

Hermosa Bch Valley 5 7 3

Hermosa Bch East 3 4 5

Total Sales 21 16 20

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5

10

15

20

25

Oct Nov Dec

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




Total Sales 16 15 20

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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: December

Hermosa Bch Sand

Hermosa Bch ValleyHermosa Bch East

Total Sales


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Median Sales Price Month-to-Month by Map Area Oct Nov Dec

Hermosa Bch Sand 2,100,000 2,025,000 2,282,500

Hermosa Bch Valley 635,000 1,800,000 1,297,000

Hermosa Bch East 1,200,000 1,139,000 1,500,000

Market Median Sales Price 1,265,000 1,650,000 1,837,500

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500,000

1,000,000

1,500,000

2,000,000

2,500,000

Oct Nov Dec

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 1,190,000 1,875,000 2,282,500

Hermosa Bch Valley 979,250 1,360,000 1,297,000

Hermosa Bch East 1,053,500 1,460,000 1,500,000

Market Median Sales Price 1,022,500 1,570,000 1,837,500

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

2013 2014 2015

Median Sales Price Year-to-Year by Map Area: December

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Market Median Sales Price



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 30 24 22

Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6 3

Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6 4

Total Active Listings 27 36 38 51 52 49 51 55 55 50 36 29

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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



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 30 24 22

Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6 3

Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6 4

Total Active Listings 27 36 38 51 52 49 51 55 55 50 36 29

Total Sales 15 9 20 30 15 21 14 23 19 21 16 20

Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5% 41.8% 34.5% 42.0% 44.4% 69.0%

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10

20

30

40

50

60


2015 Total Active Listings vs. Total Sales

Total Active Listings

Total Sales



Active Listings Year-to-Year by Map Area 2013 2014 2015




TotalActive Listings 32 30 29

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5

10

15

20

25

30

35

2013 2014 2015

Active Listings Year-to-Year by Map Area: December

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East

Total Active Listings



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 2.0 5.0 2.0

Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 - 3.0 1.0 2.0 1.0 1.0

Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0 1.0 1.0 3.0 2.0 1.0

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1.0

2.0

3.0

4.0

5.0

6.0


2015 Months of Inventory by Map Area

Hermosa Bch Sand

Hermosa Bch Valley

Hermosa Bch East



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 2.0 2.0 1.0

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1.0

2.0

3.0

4.0

5.0

6.0


Months of Inventory Year-to-Year

2013

2014

2015


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SummaryReal estate investment activity picked up in Hermosa Beach to close out 2015 with total sales climbing 25% month-over-month.

Other improved metrics include 11.36% increase in the median sales prices, an 8.11% drop in median days to sell, and a 55.41%

spike in the sales-listing ratio. Similar trending behavior was recorded for year-over-year December data points.

In the news According to C.A.R., For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in

California, up 6.4 percent from a revised 382,720 in 2014.

http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard

Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting arealtor it doesnt cost you more to work with the best.


Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease

Total Sales 16 20 4 25.00%



Listings 36 29 -7 -19.44%

Sales/Listing Ratio 44.4% 69.0% 24.6% 55.41%Months of Inventory 2.0 1.0 -1 -50.00%

Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease

Total Sales 15 20 5 33.33%



Listings 30 29 -1 -3.33%

Months of Inventory 1.7 1.0 -0.7 -41.18%
http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standardhttp://hadychahine.com/http://hadychahine.com/


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About

Hady Chahine

Serving South Bay Home Buyers and Sellers Since 2001

RE/MAX Top 4 Team in California2012

RE/MAX 100% Club - 2011

Shorewood Realtors Top 5% in Overall Sales 2001-2006, 2008-2010



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The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitors 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


Listings MLS BLOGWebsite
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hermosa beach real estate market conditions - december 2015

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