Hermosa Beach

Residential Real Estate

Market Conditions
October 2014

Key Statistics for October

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

Table of
Contents

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 November
About Hady Chahine
Contact Information

Key Statistics for October

Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory

Sep 2014

Monthly Comparison Year-to-Year

Total Sales
Median Sales Price
Median Days to Sell
Listings
Months of Inventory

Oct 2013

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19
1,095,000
39
37
51.4%
2

21
1,300,000
38
54
2.3

Oct 2014
16
1,267,500
27
45
35.6%
2.8

Oct 2014
16
1,267,500
27
45
2.8

Delta (qty)
-3
172,500
-12
8
-15.8%
0.8

Delta
-5
(32,500)
-11
-9
0.5

Delta (%)
-15.79%
15.75%
-30.77%
21.62%
-30.74%
40.00%

Increase

Decrease

Delta
-23.81%
-2.50%
-28.95%
-16.67%
21.74%

Increase

Decrease

= trending positive

= trending positive

= trending negative

= trending negative

Total Sales Month-to-Month by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales

Aug
9
3
5
17

Sep
6
2
11
19

Oct
7
4
5
16

2014 Total Sales Month-to-Month by Map Area

20
18
16
14
12
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales

10
8
6
4
2
0
Aug

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Sep

Oct

Total Sales Year-to-Year by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales

2012
7
4
5
16

2013
8
6
7
21

2014
7
4
5
16

Total Sales Year-to-Year by Map Area: October

25

20

15
Hermosa Bch Sand
Hermosa Bch Valley

10

Hermosa Bch East

Total Sales

0
2012

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2013

2014

Median Sales Price Month-to-Month by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price

Aug
1,815,000
505,000
1,530,000
1,430,000

Sep
1,517,500
1,535,500
865,000
1,095,000

Oct
1,499,000
718,000
1,350,000
1,267,500

2014 Median Sales Price Month-to-Month by Map Area

2,000,000
1,800,000
1,600,000
1,400,000
1,200,000
Hermosa Bch Sand

1,000,000

Hermosa Bch Valley

Hermosa Bch East

800,000

Market Median Sales Price

600,000
400,000
200,000

Aug

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Sep

Oct

Median Sales Price Year-to-Year by Map Area

2012
Hermosa Bch Sand
1,160,000
Hermosa Bch Valley
972,500
Hermosa Bch East
620,000
Market Median Sales Price
895,000

2013
1,412,500
1,349,500
865,000
1,300,000

2014
1,499,000
718,000
1,350,000
1,267,500

Median Sales Price Year-to-Year by Map Area: October

1,600,000
1,400,000
1,200,000
1,000,000

Hermosa Bch Sand

800,000

Hermosa Bch Valley

600,000

Hermosa Bch East

Market Median Sales Price

400,000
200,000
-

2012

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2013

2014

2014 Active Listings by Map Area

25

20

15

Hermosa Bch Sand

Hermosa Bch Valley
Hermosa Bch East

10

Jan

Feb

Mar

Active Listings vs. Total Sales by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings

Jan
14
11
8
33

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Apr

Feb
16
10
12
38

May

Mar
23
9
18
50

Jun

Apr
21
11
16
48

May
23
10
16
49

Jul

Jun
23
6
24
53

Aug

Jul
18
8
15
41

Sep

Aug
16
5
15
36

Oct

Nov

Sep
18
10
9
37

Oct
24
11
10
45

Dec

Nov

Dec

2014 Total Active Listings vs. Total Sales

60
50
40
30
Total Active Listings
Total Sales

20
10
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr May Jun
Jul
Aug Sep Oct Nov
Hermosa Bch Sand
14
16
23
21
23
23
18
16
18
24
Hermosa Bch Valley
11
10
9
11
10
6
8
5
10
11
Hermosa Bch East
8
12
18
16
16
24
15
15
9
10
Total Active Listings
33
38
50
48
49
53
41
36
37
45
Total Sales
12
14
11
31
18
21
18
17
19
16
Sales/Listings Ratio 36.4% 36.8% 22.0% 64.6% 36.7% 39.6% 43.9% 47.2% 51.4% 35.6%
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Dec

Active Listings Year-to-Year by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings

2012
36
17
12
65

2013
17
15
22
54

2014
24
11
10
45

Active Listings Year-to-Year by Map Area: October

70

60

50

40
Hermosa Bch Sand
Hermosa Bch Valley

30

Hermosa Bch East

Total Active Listings

20

10

0
2012

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2013

2014

2014 Months of Inventory by Map Area

8.0
7.0
6.0
5.0
4.0
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East

3.0
2.0
1.0
Jan

Months of Inventory by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East

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Feb

Mar

Apr

Jan
4.7
2.2
2.0

Feb
2.7
2.5
3.0

Mar
7.7
2.3
4.5

May

Apr
1.0
2.2
3.2

Jun

Jul

May
4.6
2.5
1.8

Jun
2.3
1.2
4.0

Aug

Jul
3.0
2.7
1.7

Sep

Aug
1.8
1.7
3.0

Oct

Sep
3.0
5.0
0.8

Nov

Oct
3.4
2.8
2.0

Dec

Nov

Dec

Months of Inventory Year-to-Year

6.0

5.0

4.0

3.0
2012
2013
2014

2.0

1.0

Jan

Feb

Months of Inventory Year-to-Year

2012
2013
2014

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Mar

Jan
5.9
5.9
2.8

Apr

Feb
4.4
4.3
2.7

May

Mar
3.3
3.7
4.6

Jun

Apr
5.1
3.5
1.6

Jul

May
3.7
2.4
2.7

Aug

Jun
4.5
2.9
2.5

Sep

Jul
3.8
1.7
2.3

Aug
4.0
1.6
2.1

Oct

Sep
3.2
3.6
2.0

Nov

Oct
4.1
2.3
2.8

Dec

Nov
3.1
2.1

Dec
1.8
1.8

Outlook for November

The Hermosa Beach real estate market produced respectable stats for the month of October, most
notably the $172.5K increase in the market median sales price as compared to September. In addition,
improvements were recorded for both the median days to sell and active listings. Moreover, data
analysis from a year-over-year perspective reveals the market median sales price held strong losing only
2.5% of gains realized. Personally, considering the economic turmoil in this country during the trailing 12
months I would argue this is saying a lot about the housing recovery.
Given the aforementioned, however, I suspect activity to slow a bit with the upcoming holiday season
thus expect to see a shift in several trending stats for November. Still, the caveat that remains difficult to
judge is due to mortgage money remaining relatively inexpensive and its availability to qualified buyers.
Suffice it to say demand to secure a 30-year fixed rate loan at historically low single digit numbers
continues to entice buying behavior and, based on the MLS database, sellers are listing.
Your recap
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Back to Table of Contents

Sep 2014
19
1,095,000
39
37
51.4%
2

Oct 2014
16
1,267,500
27
45
35.6%
2.8

Delta (qty)
-3
172,500
-12
8
-15.8%
0.8

Delta (%)
-15.79%
15.75%
-30.77%
21.62%
-30.74%
40.00%

Increase

Decrease

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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Hady Chahine
hady@hhcrealestate.com
310-404-5361

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