September 2013 Hermosa Beach Real Estate Market Trends Update

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Hermosa Beach real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.

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September 2013 Hermosa Beach Real Estate Market Trends Update

  1. 1. Hermosa Beach Residential Real Estate Market Conditions September 2013
  2. 2. Key Statistics For September Sales 2013 Residential Sales Stats: July – Sept Graph 2013 Residential Sales Stats: July – Sept Data Year-to-Year Total Sales by Map Area: Sept Graph Year-to-Year Total Sales by Map Area: Sept Data Median 2013 Median Sales Stats: July – Sept Graph 2013 Median Sales Stats: July – Sept Data Year-to-Year Median Sales by Map Area: Sept Graph Year-to-Year Median Sales by Map Area: Sept Data Table of Contents Listings 2013 Active Listings by Map Area Graph 2013 Active Listings by Map Area Data 2013 Total Active Listings vs. Total Sales 2013 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area: Year-to-Year Active Listings by Map Area: Graph Data Sept Graph Sept Data Inventory 2013 Months of Inventory by Map Area Graph 2013 Months of Inventory by Map Area Data Year-to-Year Months of Inventory Graph Year-to-Year Months of Inventory Data Outlook For October About The Mother & Son South Bay Real Estate Team Contact Information
  3. 3. Key Statistics for September  Total Home Sales: 15  Median Sales Price Down $165K  Median Days to Sell: 37  Current Active Listings: 54  Inventory Turnover: 3.6 Months  Sales/Listing Ratio: 27.8% Back to Table of Contents 34.8% from September 2012 13.4% from September 2012 32.7% from September 2012 14.9% from August 2013 13.6% from September 2012
  4. 4. 2013 Residential Sales Statistics: July - Sept 14 12 10 Sept 8 Aug July 6 4 2 0 Hermosa Bch Sand Back to Table of Contents Hermosa Bch Valley Hermosa Bch East * See next slide for supportive data
  5. 5. 2013 Residential Sales by Map Area Sept Aug July YTD Hermosa Bch Sand 7 13 11 127 Hermosa Bch Valley 3 6 10 100 Hermosa Bch East 5 11 9 163 15 30 30 390 Total Sales Back to Table of Contents
  6. 6. Total Sales by Map Area: Year-to-Year for September 25 20 15 2013 2012 2011 10 5 0 Hermosa Bch Sand Back to Table of Contents Hermosa Bch Valley Hermosa Bch East Total Sales * See next slide for supportive data
  7. 7. Sales by Map Area: Year-to-Year for September Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Sales Back to Table of Contents 2013 7 3 5 15 2012 10 8 5 23 2011 7 1 7 15
  8. 8. 2013 Median Sales Statistics: July - Sept 1,800,000 1,600,000 1,400,000 1,200,000 Sept 1,000,000 Aug 800,000 July 600,000 400,000 200,000 Hermosa Bch Sand Back to Table of Contents Hermosa Bch Valley Hermosa Bch East Market Medians * See next slide for supportive data
  9. 9. 2013 Median Sales by Map Area Sept Aug July Hermosa Bch Sand 1,550,000 1,651,000 1,200,000 Hermosa Bch Valley 1,105,000 705,000 1,065,000 957,000 950,000 1,187,500 1,065,000 1,207,500 1,160,000 Hermosa Bch East Market Medians Back to Table of Contents
  10. 10. Median Sales Price by Map Area: Year-to-Year for September 1,600,000 1,400,000 1,200,000 1,000,000 2013 800,000 2012 2011 600,000 400,000 200,000 Hermosa Bch Sand Back to Table of Contents Hermosa Bch Valley Hermosa Bch East Total Market Sales Medians * See next slide for supportive data
  11. 11. Median Sales Price by Map Area: Year-to-Year for September 2013 Hermosa Bch Sand 1,550,000 Hermosa Bch Valley 1,105,000 Hermosa Bch East 957,000 Total Market Sales Medians 1,065,000 Back to Table of Contents 2012 1,267,500 1,010,500 825,000 1,230,000 2011 900,000 439,000 935,400 910,000
  12. 12. 2013 Active Listings by Map Area 30 25 20 Hermosa Bch Sand 15 Hermosa Bch Valley Hermosa Bch East 10 5 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  13. 13. 2013 Active Listings/Total Sales by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Back to Table of Contents Jan Feb Mar Apr May Jun Jul Aug Sep 18 19 26 30 23 19 15 17 20 17 15 17 20 22 18 15 14 16 12 18 16 16 18 20 21 16 18 Total Active Listings 47 52 59 66 63 57 51 47 54 Total Sales 8 12 16 19 26 20 30 30 15 Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8% Oct Nov Dec
  14. 14. 2013 Total Active Listings vs. Total Sales 70 60 50 40 Total Active Listings Total Sales 30 20 10 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  15. 15. 2013 Active Listings/Total Sales by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Back to Table of Contents Jan Feb Mar Apr May Jun Jul Aug Sep 18 19 26 30 23 19 15 17 20 17 15 17 20 22 18 15 14 16 12 18 16 16 18 20 21 16 18 Total Active Listings 47 52 59 66 63 57 51 47 54 Total Sales 8 12 16 19 26 20 30 30 15 Sales/Listings Ratio 17.0% 23.1% 27.1% 28.8% 41.3% 35.1% 58.8% 63.8% 27.8% Oct Nov Dec
  16. 16. Active Listings by Map Area: Year-to-Year for September 50 45 40 35 2013 30 2012 25 2011 20 15 10 5 0 Hermosa Bch Sand Back to Table of Contents Hermosa Bch Valley Hermosa Bch East * See next slide for supportive data
  17. 17. Active Listings by Map Area: Year-to-Year for September Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Total Active Listings Back to Table of Contents 2013 20 16 18 54 2012 38 21 14 73 2011 47 13 29 89
  18. 18. 2013 Months of Inventory by Map Area 9.0 8.0 7.0 6.0 5.0 Hermosa Bch Sand Hermosa Bch Valley 4.0 Hermosa Bch East 3.0 2.0 1.0 Jan Feb Back to Table of Contents Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  19. 19. 2013 Months of Inventory by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Back to Table of Contents Jan 6.0 8.5 4.0 Feb Mar Apr May Jun 3.8 2.6 3.8 2.6 3.8 4.0 2.7 2.1 2.8 2.6 2.7 3.0 2.9 Jul 1.4 1.7 2.1 Aug Sep 1.3 2.3 1.5 2.9 5.3 3.6 Oct Nov Dec
  20. 20. Months of Inventory: Year-to-Year 20.0 18.0 16.0 14.0 12.0 2013 10.0 2012 2011 8.0 6.0 4.0 2.0 Jan Back to Table of Contents Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec * See next slide for supportive data
  21. 21. Months of Inventory: Year-to-Year 2013 2012 2011 Back to Table of Contents Jan 5.9 5.9 7.6 Feb 4.3 4.4 19.0 Mar 3.7 3.3 10.2 Apr May 3.5 2.4 5.1 3.7 10.3 3.4 Jun 2.9 4.5 4.5 Jul 1.7 3.8 5.1 Aug 1.6 4.0 4.8 Sep 3.6 3.2 5.9 Oct Nov Dec 4.1 7.6 3.1 6.4 1.8 4.6
  22. 22. Outlook for October Based 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 attentions elsewhere, such as children returning to school and preparing for the holiday season. Since mortgage interest rates remain relatively low, however, it is anticipated that buyer interest will remain active throughout October, 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 sale and be willing to negotiate. Buyers, on the other hand, should shop all available listings as supply is likely to increase 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% Back to Table of Contents
  23. 23. About the Mother & Son South 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 Back to Table of Contents
  24. 24. Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Hady Chahine  hady@hhcrealestate.com  310-404-5361 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/ 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. Back to Table of Contents

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