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Hermosa Beach
Residential Real Estate
Market Conditions
February 2015
Table of
Contents
Key Statistics for February
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 March
About Hady Chahine
Contact Information
Key Statistics for February
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Monthly Comparison Year-to-Year Feb 2014 Feb 2015 Delta Delta Increase Decrease
Total Sales 14 9 -5 -35.71%
Median Sales Price 1,344,750 1,450,000 105,250 7.83%
Median Days to Sell 13 65 52 400.00%
Listings 47 36 -11 -23.40%
Months of Inventory 2.7 4 1.3 48.15%
Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 15 9 -6 -40.00%
Median Sales Price 1,640,000 1,450,000 (190,000) -11.59%
Median Days to Sell 48 65 17 35.42%
Listings 27 36 9 33.33%
Sales/Listing Ratio 55.6% 25.0% -30.6% -55.04%
Months of Inventory 1.8 4 2.2 122.22%
Back to Table of Contents
0
2
4
6
8
10
12
14
16
Jan Feb Mar
2015 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
Total Sales Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 9 4
Hermosa Bch Valley 2 2
Hermosa Bch East 4 3
Total Sales 15 9
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 5 5 4
Hermosa Bch Valley 0 5 2
Hermosa Bch East 7 4 3
Total Sales 12 14 9
0
2
4
6
8
10
12
14
2013 2014 2015
Total Sales Year-to-Year by Map Area: February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
Back to Table of Contents
Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 1,695,000 2,274,500
Hermosa Bch Valley 1,500,000 1,182,000
Hermosa Bch East 1,662,500 1,185,000
Market Median Sales Price 1,640,000 1,450,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
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
Back to Table of Contents
Median Sales Price Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 1,867,500 1,550,000 2,274,500
Hermosa Bch Valley - 1,265,000 1,182,000
Hermosa Bch East 896,000 1,290,000 1,185,000
Market Median Sales Price 900,500 1,344,750 1,450,000
-
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: February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
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 16 21
Hermosa Bch Valley 6 6
Hermosa Bch East 5 9
Total Active Listings 27 36
-
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
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 16 21
Hermosa Bch Valley 6 6
Hermosa Bch East 5 9
Total Active Listings 27 36
Total Sales 15 9
Sales/Listings Ratio 55.6% 25.0%
-
5
10
15
20
25
30
35
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
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2013 2014 2015
Hermosa Bch Sand 19 22 21
Hermosa Bch Valley 15 11 6
Hermosa Bch East 18 14 9
Total Active Listings 52 47 36
0
10
20
30
40
50
60
2013 2014 2015
Active Listings Year-to-Year by Map Area: February
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
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 1.8 5.3
Hermosa Bch Valley 3.0 3.0
Hermosa Bch East 1.3 3.0
-
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
Back to Table of Contents
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
-
1.0
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 March
Overall real estate activity for Hermosa Beach during February 2015 was a bit disappointing as total
sales, market median sales price, median days to sell, and the sales/listing ratio trended off pace
compared to previous months. “Why?” you ask. To be honest it is difficult to comprehend the myriad of
reasons, but I assume they include the tax season and the Fed’s recent announcement to take action
sometime this year to raise interest rates. See: http://www.wsj.com/articles/fed-chief-janet-yellen-rate-
increases-draw-nearer-as-economy-strengthens-1424790001
Accordingly, if you are in the market to buy or sell residential real property now may be an optimal time to
carefully reassess your investment goals. In fact, discussing your specific situation with appropriate
professionals (such as a CPA, financial advisor, or attorney) is highly recommended. Of course, I am
available to assist you with questions related to selling or buying real estate and general market
inquiries.
Your recap…
Your recap…
Back to Table of Contents
Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 15 9 -6 -40.00%
Median Sales Price 1,640,000 1,450,000 (190,000) -11.59%
Median Days to Sell 48 65 17 35.42%
Listings 27 36 9 33.33%
Sales/Listing Ratio 55.6% 25.0% -30.6% -55.04%
Months of Inventory 1.8 4 2.2 122.22%
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
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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February 2015 Hermosa Beach Real Estate Market Trends Update

  • 1. Hermosa Beach Residential Real Estate Market Conditions February 2015
  • 2. Table of Contents Key Statistics for February 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 March About Hady Chahine Contact Information
  • 3. Key Statistics for February Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Monthly Comparison Year-to-Year Feb 2014 Feb 2015 Delta Delta Increase Decrease Total Sales 14 9 -5 -35.71% Median Sales Price 1,344,750 1,450,000 105,250 7.83% Median Days to Sell 13 65 52 400.00% Listings 47 36 -11 -23.40% Months of Inventory 2.7 4 1.3 48.15% Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease Total Sales 15 9 -6 -40.00% Median Sales Price 1,640,000 1,450,000 (190,000) -11.59% Median Days to Sell 48 65 17 35.42% Listings 27 36 9 33.33% Sales/Listing Ratio 55.6% 25.0% -30.6% -55.04% Months of Inventory 1.8 4 2.2 122.22%
  • 4. Back to Table of Contents 0 2 4 6 8 10 12 14 16 Jan Feb Mar 2015 Total Sales Month-to-Month by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales Total Sales Month-to-Month by Map Area Jan Feb Mar Hermosa Bch Sand 9 4 Hermosa Bch Valley 2 2 Hermosa Bch East 4 3 Total Sales 15 9
  • 5. Back to Table of Contents Total Sales Year-to-Year by Map Area 2013 2014 2015 Hermosa Bch Sand 5 5 4 Hermosa Bch Valley 0 5 2 Hermosa Bch East 7 4 3 Total Sales 12 14 9 0 2 4 6 8 10 12 14 2013 2014 2015 Total Sales Year-to-Year by Map Area: February Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales
  • 6. Back to Table of Contents Median Sales Price Month-to-Month by Map Area Jan Feb Mar Hermosa Bch Sand 1,695,000 2,274,500 Hermosa Bch Valley 1,500,000 1,182,000 Hermosa Bch East 1,662,500 1,185,000 Market Median Sales Price 1,640,000 1,450,000 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 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
  • 7. Back to Table of Contents Median Sales Price Year-to-Year by Map Area 2013 2014 2015 Hermosa Bch Sand 1,867,500 1,550,000 2,274,500 Hermosa Bch Valley - 1,265,000 1,182,000 Hermosa Bch East 896,000 1,290,000 1,185,000 Market Median Sales Price 900,500 1,344,750 1,450,000 - 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: February Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Median Sales Price
  • 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 16 21 Hermosa Bch Valley 6 6 Hermosa Bch East 5 9 Total Active Listings 27 36 - 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
  • 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 16 21 Hermosa Bch Valley 6 6 Hermosa Bch East 5 9 Total Active Listings 27 36 Total Sales 15 9 Sales/Listings Ratio 55.6% 25.0% - 5 10 15 20 25 30 35 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
  • 10. Back to Table of Contents Active Listings Year-to-Year by Map Area 2013 2014 2015 Hermosa Bch Sand 19 22 21 Hermosa Bch Valley 15 11 6 Hermosa Bch East 18 14 9 Total Active Listings 52 47 36 0 10 20 30 40 50 60 2013 2014 2015 Active Listings Year-to-Year by Map Area: February Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Active Listings
  • 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 1.8 5.3 Hermosa Bch Valley 3.0 3.0 Hermosa Bch East 1.3 3.0 - 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
  • 12. Back to Table of Contents 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 - 1.0 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
  • 13. Outlook for March Overall real estate activity for Hermosa Beach during February 2015 was a bit disappointing as total sales, market median sales price, median days to sell, and the sales/listing ratio trended off pace compared to previous months. “Why?” you ask. To be honest it is difficult to comprehend the myriad of reasons, but I assume they include the tax season and the Fed’s recent announcement to take action sometime this year to raise interest rates. See: http://www.wsj.com/articles/fed-chief-janet-yellen-rate- increases-draw-nearer-as-economy-strengthens-1424790001 Accordingly, if you are in the market to buy or sell residential real property now may be an optimal time to carefully reassess your investment goals. In fact, discussing your specific situation with appropriate professionals (such as a CPA, financial advisor, or attorney) is highly recommended. Of course, I am available to assist you with questions related to selling or buying real estate and general market inquiries. Your recap… Your recap… Back to Table of Contents Month-to-Month Comparison Jan 2015 Feb 2015 Delta (qty) Delta (%) Increase Decrease Total Sales 15 9 -6 -40.00% Median Sales Price 1,640,000 1,450,000 (190,000) -11.59% Median Days to Sell 48 65 17 35.42% Listings 27 36 9 33.33% Sales/Listing Ratio 55.6% 25.0% -30.6% -55.04% Months of Inventory 1.8 4 2.2 122.22%
  • 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. 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