december 2015 hermosa beach real estate market trends update
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Table of
Contents
Key Statistics for December
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
Summary
About Hady Chahine Contact Information
Key Statistics for December
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 16 20 4 25.00%
Median Sales Price 1,650,000 1,837,500 187,500 11.36%
Median Days to Sell 37 34 -3 -8.11%
Listings 36 29 -7 -19.44%
Sales/Listing Ratio 44.4% 69.0% 24.6% 55.41%
Months of Inventory 2.0 1.0 -1 -50.00%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 15 20 5 33.33%
Median Sales Price 1,570,000 1,837,500 267,500 17.04%
Median Days to Sell 51 34 -17 -33.33%
Listings 30 29 -1 -3.33%
Months of Inventory 1.7 1.0 -0.7 -41.18%
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Total Sales Month-to-Month by Map Area Oct Nov Dec
Hermosa Bch Sand 13 5 12
Hermosa Bch Valley 5 7 3
Hermosa Bch East 3 4 5
Total Sales 21 16 20
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5
10
15
20
25
Oct Nov Dec
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 6 7 12
Hermosa Bch Valley 4 4 3
Hermosa Bch East 6 4 5
Total Sales 16 15 20
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2
4
6
8
10
12
14
16
18
20
2013 2014 2015
Total Sales Year-to-Year by Map Area: December
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Oct Nov Dec
Hermosa Bch Sand 2,100,000 2,025,000 2,282,500
Hermosa Bch Valley 635,000 1,800,000 1,297,000
Hermosa Bch East 1,200,000 1,139,000 1,500,000
Market Median Sales Price 1,265,000 1,650,000 1,837,500
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500,000
1,000,000
1,500,000
2,000,000
2,500,000
Oct Nov Dec
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 1,190,000 1,875,000 2,282,500
Hermosa Bch Valley 979,250 1,360,000 1,297,000
Hermosa Bch East 1,053,500 1,460,000 1,500,000
Market Median Sales Price 1,022,500 1,570,000 1,837,500
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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: December
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 29 36 35 33 36 41 30 24 22
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6 3
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6 4
Total Active Listings 27 36 38 51 52 49 51 55 55 50 36 29
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5
10
15
20
25
30
35
40
45
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 29 36 35 33 36 41 30 24 22
Hermosa Bch Valley 6 6 5 7 7 5 7 10 9 10 6 3
Hermosa Bch East 5 9 9 15 9 9 11 9 5 10 6 4
Total Active Listings 27 36 38 51 52 49 51 55 55 50 36 29
Total Sales 15 9 20 30 15 21 14 23 19 21 16 20
Sales/Listings Ratio 55.6% 25.0% 52.6% 58.8% 28.8% 42.9% 27.5% 41.8% 34.5% 42.0% 44.4% 69.0%
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10
20
30
40
50
60
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 10 19 22
Hermosa Bch Valley 11 5 3
Hermosa Bch East 11 6 4
Total Active Listings 32 30 29
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5
10
15
20
25
30
35
2013 2014 2015
Active Listings Year-to-Year by Map Area: December
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 2.1 5.0 5.0 4.0 3.0 6.0 2.0 5.0 2.0
Hermosa Bch Valley 3.0 3.0 1.3 1.0 2.5 1.0 - 3.0 1.0 2.0 1.0 1.0
Hermosa Bch East 1.3 3.0 1.5 1.7 1.5 1.0 2.0 1.0 1.0 3.0 2.0 1.0
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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 1.7 1.5 2.0 4.0 2.0 3.0 2.0 2.0 1.0
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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
Summary Real estate investment activity picked up in Hermosa Beach to close out 2015 with total sales climbing 25% month-over-month. Other improved metrics include 11.36% increase in the median sales prices, an 8.11% drop in median days to sell, and a 55.41% spike in the sales-listing ratio. Similar trending behavior was recorded for year-over-year December data points. In the news… According to C.A.R., “For 2015 as a whole, a preliminary figure of 407,060 single-family homes closed escrow in California, up 6.4 percent from a revised 382,720 in 2014.” http://www.car.org/newsstand/newsreleases/2016releases/december2015sales?view=Standard Please contact me today to schedule a free listing CMA or a buyer pre-purchase evaluation. And remember, when selecting a realtor it doesn’t cost you more to work with the best.
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Month-to-Month Comparison Nov 2015 Dec 2015 Delta (qty) Delta (%) Increase Decrease
Total Sales 16 20 4 25.00%
Median Sales Price 1,650,000 1,837,500 187,500 11.36%
Median Days to Sell 37 34 -3 -8.11%
Listings 36 29 -7 -19.44%
Sales/Listing Ratio 44.4% 69.0% 24.6% 55.41%
Months of Inventory 2.0 1.0 -1 -50.00%
Monthly Comparison Year-to-Year Dec 2014 Dec 2015 Delta Delta Increase Decrease
Total Sales 15 20 5 33.33%
Median Sales Price 1,570,000 1,837,500 267,500 17.04%
Median Days to Sell 51 34 -17 -33.33%
Listings 30 29 -1 -3.33%
Months of Inventory 1.7 1.0 -0.7 -41.18%
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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inspection by and/or with the appropriate professionals.
Hady Chahine
• 310-404-5361
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