hermosa beach real estate market conditions - september 2013

8/14/2019 Hermosa Beach Real Estate Market Conditions - September 2013

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Hermosa Beach

Residential Real EstateMarket Conditions

Hermosa Beach

Residential Real EstateMarket ConditionsSeptember 2013


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Table ofContentsTable ofContents

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

Median

2013 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 Data

2013 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 Graph

2013 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 Team

Contact Information


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Key Statistics for SeptemberKey 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


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* See next slide for supportive dataBack to Table of Contents

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Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East

2013 Residential Sales Statistics: July - Sept

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July


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Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales

Total Sales by Map Area: Year-to-Year for September

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Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Medians

2013 Median Sales Statistics: July - Sept

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Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Market SalesMedians

Median Sales Price by Map Area: Year-to-Year for September

2013

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201 2012 2011

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Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2013 Active Listings by Map Area

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Hermosa Bch East


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2013 Total Active Listings vs. Total Sales

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Active Listings by Map Area: Year-to-Year for September

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2013 Months of Inventory by Map Area

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Months of Inventory: Year-to-Year

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2012

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Outlook for OctoberOutlook 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 attentionselsewhere, such as children returning to school and preparing for the holiday season. Since mortgageinterest rates remain relatively low, however, it is anticipated that buyer interest will remain active throughoutOctober, 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 saleand be willing to negotiate. Buyers, on the other hand, should shop all available listings as supply is likely toincrease 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%



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About the Mother & SonSouth Bay Real Estate TeamAbout the Mother & SonSouth 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



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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 forany 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 InternetData 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 accuracyof 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 personalinspection 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

http://hhcrealestate.com/http://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/real-estate-news/http://hhcrealestate.com/south-bay-mls-real-estate-listingshttp://hhcrealestate.com/featured-south-bay-homeshttp://hhcrealestate.com/

hermosa beach real estate market conditions - september 2013

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