Hermosa Beach
Residential Real Estate
Market Conditions
June 2014
Table of
Contents
Key Statistics for June
Sales
2014 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2...
Key Statistics for June
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending n...
Back to Table of Contents
Total Sales Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 21 5 10
Hermosa Bch Valley 5...
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 10 7 10
Hermosa Bch Valley ...
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Apr May Jun
Hermosa Bch Sand 1,565,000 1,165,000 1...
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 1,082,500 1,425,000 ...
Back to Table of Contents
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Herm...
Back to Table of Contents
Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Herm...
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2012 2013 2014
Hermosa Bch Sand 44 19 23
Hermosa Bch Va...
Back to Table of Contents
Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand...
Back to Table of Contents
Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 5.9 4.4 3....
Outlook for July
In summary, according to the MLS Hermosa Beach real activity during the month of June produced a
16.67% i...
About
Hady Chahine…
 Serving South Bay Home Buyers and Sellers Since 2001
 RE/MAX Top 4 Team in California – 2012
 RE/M...
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s ...
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June 2014 Hermosa Beach Real Estate Market Trends Update

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Hermosa Beach real estate statistics and analysis for June 2014. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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Transcript of "June 2014 Hermosa Beach Real Estate Market Trends Update"

  1. 1. Hermosa Beach Residential Real Estate Market Conditions June 2014
  2. 2. Table of Contents Key Statistics for June Sales 2014 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2014 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2014 Active Listings by Map Area 2014 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2014 Months of Inventory by Map Area Year-to-Year Months of Inventory Outlook for July About Hady Chahine Contact Information
  3. 3. Key Statistics for June Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 18 21 3 16.67% Median Sales Price 1,230,000 1,100,000 (130,000) -10.57% Median Days to Sell 40 27 -13 -32.50% Listings 49 53 4 8.16% Sales/Listing Ratio 36.7% 39.6% 2.9% 7.90% Months of Inventory 2.7 2.5 -0.2 -7.41% Monthly Comparison Year-to-Year Jun 2013 Jun 2014 Delta Delta Increase Decrease Total Sales 20 21 1 5.00% Median Sales Price 1,205,000 1,100,000 (105,000) -8.71% Median Days to Sell 54 27 -27 -50.00% Listings 57 53 -4 -7.02% Months of Inventory 2.9 2.5 -0.4 -13.79%
  4. 4. Back to Table of Contents Total Sales Month-to-Month by Map Area Apr May Jun Hermosa Bch Sand 21 5 10 Hermosa Bch Valley 5 4 5 Hermosa Bch East 5 9 6 Total Sales 31 18 21 0 5 10 15 20 25 30 35 Apr May Jun 2014 Total Sales Month-to-Month by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales
  5. 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2012 2013 2014 Hermosa Bch Sand 10 7 10 Hermosa Bch Valley 3 6 5 Hermosa Bch East 6 7 6 Total Sales 19 20 21 0 5 10 15 20 25 2012 2013 2014 Total Sales Year-to-Year by Map Area: June Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales
  6. 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Apr May Jun Hermosa Bch Sand 1,565,000 1,165,000 1,462,500 Hermosa Bch Valley 1,170,000 1,107,500 975,000 Hermosa Bch East 1,390,000 1,287,500 962,500 Market Median Sales Price 1,495,000 1,230,000 1,100,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 Apr May Jun 2014 Median Sales Price Month-to-Month by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Median Sales Price
  7. 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2012 2013 2014 Hermosa Bch Sand 1,082,500 1,425,000 1,462,500 Hermosa Bch Valley 1,160,000 1,142,500 975,000 Hermosa Bch East 730,000 945,000 962,500 Market Median Sales Price 1,065,000 1,205,000 1,100,000 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 2012 2013 2014 Median Sales Price Year-to-Year by Map Area: June Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Median Sales Price
  8. 8. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 14 16 23 21 23 23 Hermosa Bch Valley 11 10 9 11 10 6 Hermosa Bch East 8 12 18 16 16 24 Total Active Listings 33 38 50 48 49 53 - 5 10 15 20 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Active Listings by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East
  9. 9. Back to Table of Contents Active Listings vs. Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 14 16 23 21 23 23 Hermosa Bch Valley 11 10 9 11 10 6 Hermosa Bch East 8 12 18 16 16 24 Total Active Listings 33 38 50 48 49 53 Total Sales 12 14 11 31 18 21 Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% - 10 20 30 40 50 60 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales
  10. 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2012 2013 2014 Hermosa Bch Sand 44 19 23 Hermosa Bch Valley 20 18 6 Hermosa Bch East 22 20 24 Total Active Listings 86 57 53 0 10 20 30 40 50 60 70 80 90 2012 2013 2014 Active Listings Year-to-Year by Map Area: June Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Active Listings
  11. 11. Back to Table of Contents Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 4.7 2.7 7.7 1.0 4.6 2.3 Hermosa Bch Valley 2.2 2.5 2.3 2.2 2.5 1.2 Hermosa Bch East 2.0 3.0 4.5 3.2 1.8 4.0 - 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Months of Inventory by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East
  12. 12. Back to Table of Contents Months of Inventory Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 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 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 - 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 2012 2013 2014
  13. 13. Outlook for July In summary, according to the MLS Hermosa Beach real activity during the month of June produced a 16.67% increase in total sales, an 8.16% jump in new listings, a 7.9% improvement in the sales/listing ratio, and drops in both the median days to sell and months of inventory. The only stat trending off pace relative to last month is the median sales price, but this number tends to bounce around a bit when compared on a monthly basis versus year-over-year. With summer upon us expectations are promising that seller and buyer activity will continue to intensify, especially during July. The only caveat, however, is the one question I am continually presented with, and that is: “Will mortgage money continue to remain at historically low rates?” Because the answer to this question is extremely complicated a simple response that I offer in return is to take capitalize on this opportunity while it lasts, assuming a thorough analysis of your personal situation supports the decision. Your recap… Back to Table of Contents Month-to-Month Comparison May 2014 Jun 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 18 21 3 16.67% Median Sales Price 1,230,000 1,100,000 (130,000) -10.57% Median Days to Sell 40 27 -13 -32.50% Listings 49 53 4 8.16% Sales/Listing Ratio 36.7% 39.6% 2.9% 7.90% Months of Inventory 2.7 2.5 -0.2 -7.41%
  14. 14. 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 Back to Table of Contents
  15. 15. 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. Hady Chahine • hady@hhcrealestate.com • 310-404-5361 Back to Table of Contents Listings MLS BLOGWebsite
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