march 2015 hermosa beach real estate market trends update
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Key Statistics for March
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
Outlook for April
About Hady Chahine Contact Information
Key Statistics for March
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2015 Mar 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 9 20 11 122.22%
Median Sales Price 1,450,000 1,310,000 (140,000) -9.66%
Median Days to Sell 65 36 -29 -44.62%
Listings 36 38 2 5.56%
Sales/Listing Ratio 25.0% 52.6% 27.6% 110.40%
Months of Inventory 4 1.9 -2.1 -52.50%
Monthly Comparison Year-to-Year Mar 2014 Mar 2015 Delta Delta Increase Decrease
Total Sales 11 20 9 81.82%
Median Sales Price 1,101,000 1,310,000 209,000 18.98%
Median Days to Sell 17 36 19 111.76%
Listings 55 38 -17 -30.91%
Months of Inventory 4.6 1.9 -2.7 -58.70%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 9 4 10
Hermosa Bch Valley 2 2 4
Hermosa Bch East 4 3 6
Total Sales 15 9 20
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Jan Feb Mar
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 3 10
Hermosa Bch Valley 4 4 4
Hermosa Bch East 5 4 6
Total Sales 16 11 20
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2013 2014 2015
Total Sales Year-to-Year by Map Area: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 1,695,000 2,274,500 3,150,000
Hermosa Bch Valley 1,500,000 1,182,000 941,625
Hermosa Bch East 1,662,500 1,185,000 1,075,000
Market Median Sales Price 1,640,000 1,450,000 1,310,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
Jan Feb Mar
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 1,080,000 1,549,000 3,150,000
Hermosa Bch Valley 1,070,000 965,500 941,625
Hermosa Bch East 925,000 1,154,500 1,075,000
Market Median Sales Price 1,000,000 1,101,000 1,310,000
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
2013 2014 2015
Median Sales Price Year-to-Year by Map Area: March
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
Hermosa Bch Valley 6 6 5
Hermosa Bch East 5 9 9
Total Active Listings 27 36 38
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5
10
15
20
25
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
Hermosa Bch Valley 6 6 5
Hermosa Bch East 5 9 9
Total Active Listings 27 36 38
Total Sales 15 9 20
Sales/Listings Ratio 55.6% 25.0% 52.6%
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40
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 26 26 24
Hermosa Bch Valley 17 9 5
Hermosa Bch East 16 20 9
Total Active Listings 59 55 38
0
10
20
30
40
50
60
2013 2014 2015
Active Listings Year-to-Year by Map Area: March
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
Hermosa Bch Valley 3.0 3.0 1.3
Hermosa Bch East 1.3 3.0 1.5
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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
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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
Outlook for April
In summary, real estate activity throughout Hermosa Beach picked up during the month of March compared to February with a 122.22% increase in sales, 5.56% rise in active listings, 44.62% decrease in median days to sell, and a 110.4% jump in the sales/listing ratio. This performance behavior is consistent with a report from C.A.R., which cited similar trending activity throughout California over the same period of time.
See http://www.car.org/newsstand/newsreleases/2015releases/march2015sales?view=Standard
Looking ahead, noting tax season is the rear view mirror, at least for many of us (hopefully), I suspect demand for real estate investing will increase significantly. Home owners wishing to sell in the near future, please contact me today to schedule your free CMA presentation – to give you an idea of what I think your property would fetch on the open market. During this time I would be happy to review my proven marketing strategy and answer any questions. Your recap…
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Month-to-Month Comparison Feb 2015 Mar 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 9 20 11 122.22%
Median Sales Price 1,450,000 1,310,000 (140,000) -9.66%
Median Days to Sell 65 36 -29 -44.62%
Listings 36 38 2 5.56%
Sales/Listing Ratio 25.0% 52.6% 27.6% 110.40%
Months of Inventory 4 1.9 -2.1 -52.50%
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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