february 2017 hermosa beach real estate market trends update
TRANSCRIPT
Table of
Contents
Key Statistics for February
Sales 2017 Residential Sales Stats Year-to-Year Total Sales by Map Area Median 2017 Median Sales Stats Year-to-Year Median Sales by Map Area Listings 2017 Active Listings by Map Area 2017 Total Active Listings vs. Total Sales Year-to-Year Active Listings by Map Area Inventory 2017 Months of Inventory by Map Area Year-to-Year Months of Inventory
Summary
About Hady Chahine Contact Information
Key Statistics for February
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 9 -5 -35.71%
Median Sales Price 1,402,500 1,080,000 (322,500) -22.99%
Median Days to Sell 18 15 -3 -16.67%
Listings 59 43 -16 -27.12%
Sales/Listing Ratio 23.7% 20.9% -2.8% -11.81%
Months of Inventory 4.0 5.0 1 25.00%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 18 9 -9 -50.00%
Median Sales Price 1,428,750 1,080,000 (348,750) -24.41%
Median Days to Sell 30 15 -15 -50.00%
Listings 40 43 3 7.50%
Months of Inventory 2.0 5.0 3 150.00%
Back to Table of Contents
Total Sales Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 4 3
Hermosa Bch Valley 6 1
Hermosa Bch East 4 5
Total Sales 14 9
-
2
4
6
8
10
12
14
Jan Feb Mar
2017 Total Sales Month-to-Month by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
Back to Table of Contents
Total Sales Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 4 11 3
Hermosa Bch Valley 2 4 1
Hermosa Bch East 3 3 5
Total Sales 9 18 9
-
2
4
6
8
10
12
14
16
18
2015 2016 2017
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 1,342,500 1,215,000
Hermosa Bch Valley 961,000 550,000
Hermosa Bch East 1,520,000 1,080,000
Market Median Sales Price 1,402,500 1,080,000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Jan Feb Mar
2017 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 2015 2016 2017
Hermosa Bch Sand 2,274,500 1,449,000 1,215,000
Hermosa Bch Valley 1,182,000 1,043,750 550,000
Hermosa Bch East 1,185,000 1,225,000 1,080,000
Market Median Sales Price 1,450,000 1,428,750 1,080,000
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2015 2016 2017
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 33 22
Hermosa Bch Valley 15 8
Hermosa Bch East 11 13
Total Active Listings 59 43
-
5
10
15
20
25
30
35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 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 33 22
Hermosa Bch Valley 15 8
Hermosa Bch East 11 13
Total Active Listings 59 43
Total Sales 14 9
Sales/Listings Ratio 23.7% 20.9%
-
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2017 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
Back to Table of Contents
Active Listings Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 18 23 22
Hermosa Bch Valley 7 9 8
Hermosa Bch East 5 8 13
Total Active Listings 30 40 43
-
5
10
15
20
25
30
35
40
45
2015 2016 2017
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 8.0 7.0
Hermosa Bch Valley 3.0 8.0
Hermosa Bch East 3.0 3.0
-
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
2017 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
2015 2.0 5.0 2.0 2.0 4.0 3.0 4.0 3.0 3.0 3.0 2.0 2.0
2016 4.0 2.0 3.0 4.0 4.0 3.0 3.0 3.0 4.0 3.0 4.0 5.0
2017 4.0 5.0
-
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Months of Inventory Year-to-Year
2015
2016
2017
Summary Real estate investment in Hermosa Beach residential properties in February produced 9 closed escrows and a 16.67% decrease in the median days to sell. During this time, however, the median sales price dropped 22.99%, net listings fell 27.12% and the sales-listing ratio contracted 11.81%. Year-over-year months of inventory increased 150% from February 2016 to 2017.
In February, C.A.R. reported “Existing, single-family home sales totaled 420,100 in January on a seasonally adjusted annualized rate, up 2.1 percent from December and 4.4 percent from January 2016.” http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/jan2017sales?view=Standard
For listing or buying questions or representation, or further information on market trending behavior, please feel free to contact me anytime. I look forward to hearing from you!
Back to Table of Contents
Month-to-Month Comparison Jan 2017 Feb 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 9 -5 -35.71%
Median Sales Price 1,402,500 1,080,000 (322,500) -22.99%
Median Days to Sell 18 15 -3 -16.67%
Listings 59 43 -16 -27.12%
Sales/Listing Ratio 23.7% 20.9% -2.8% -11.81%
Months of Inventory 4.0 5.0 1 25.00%
Monthly Comparison Year-to-Year Feb 2016 Feb 2017 Delta Delta Increase Decrease
Total Sales 18 9 -9 -50.00%
Median Sales Price 1,428,750 1,080,000 (348,750) -24.41%
Median Days to Sell 30 15 -15 -50.00%
Listings 40 43 3 7.50%
Months of Inventory 2.0 5.0 3 150.00%
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
• 310-404-5361
Back to Table of Contents
Listings MLS BLOG Website