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Hermosa Beach
Residential Real Estate
Market Conditions
March 2014
Table of
Contents
Key Statistics for March
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
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 April
About the Mother & Son South Bay Real Estate Team
Contact Information
Key Statistics for March
Back to Table of Contents
= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 11 -3 -21.43%
Median Sales Price 1,407,250 1,101,000 (306,250) -21.76%
Median Days to Sell 13 17 4 30.77%
Listings 38 50 12 31.58%
Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22%
Months of Inventory 2.7 4.6 1.9 70.37%
Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 1,000,000 1,101,000 101,000 10.10%
Median Days to Sell 34 17 -17 -50.00%
Listings 59 50 -9 -15.25%
Months of Inventory 3.7 4.6 0.9 24.32%
Back to Table of Contents
0
1
2
3
4
5
6
Jan Feb Mar
2014 Residential Sales Statistics: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2014 Residential Sales by Map Area Jan Feb Mar
Hermosa Bch Sand 3 6 3
Hermosa Bch Valley 5 4 4
Hermosa Bch East 4 4 4
Total Monthly Sales 12 14 11
Back to Table of Contents
0
2
4
6
8
10
12
2012 2013 2014
Total Sales by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Sales by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 11 7 3
Hermosa Bch Valley 1 4 4
Hermosa Bch East 7 5 4
Total Sales 19 16 11
Back to Table of Contents
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
Jan Feb Mar
2014 Median Sales Price Statistics: March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
2014 Median Sales Price by Map Area Jan Feb Mar
Hermosa Bch Sand 1,165,000 1,587,500 1,549,000
Hermosa Bch Valley 1,001,500 1,327,250 965,500
Hermosa Bch East 715,250 1,290,000 1,154,500
Market Median Sales Price 878,000 1,407,250 1,101,000
Back to Table of Contents
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2012 2013 2014
Median Sales Price by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Market Median Sales Price
Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 1,800,000 1,080,000 1,549,000
Hermosa Bch Valley 1,295,000 1,070,000 965,500
Hermosa Bch East 725,000 925,000 1,154,500
Market Median Sales Price 1,060,000 1,000,000 1,101,000
Back to Table of Contents
-
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Active Listings by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23
Hermosa Bch Valley 11 10 9
Hermosa Bch East 8 12 18
Total Active Listings 33 38 50
Back to Table of Contents
-
5
10
15
20
25
30
35
40
45
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 Total Active Listings vs. Total Sales
Total Active Listings
Total Sales
2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 14 16 23
Hermosa Bch Valley 11 10 9
Hermosa Bch East 8 12 18
Total Active Listings 33 38 50
Total Sales 12 14 11
Sales/Listings Ratio 36.4% 36.8% 22.0%
Back to Table of Contents
0
5
10
15
20
25
30
35
2012 2013 2014
Active Listings by Map Area: Year-to-Year for March
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Active Listings by Map Area: Year-to-Year for March 2012 2013 2014
Hermosa Bch Sand 31 26 23
Hermosa Bch Valley 11 17 9
Hermosa Bch East 21 16 18
Total Active Listings 63 59 50
Back to Table of Contents
-
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
2014 Months of Inventory by Map Area
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 4.7 2.7 7.7
Hermosa Bch Valley 2.2 2.5 2.3
Hermosa Bch East 2.0 3.0 4.5
Back to Table of Contents
-
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
2012
2013
2014
Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2012 5.9 4.4 3.3 5.1 3.7 4.5 3.8 4.0 3.2 4.1 3.1 1.8
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
Outlook for April
Hermosa Beach real estate activity for the month of March trended off pace compared to performance
measurements recorded in February. Why? Among other reasons I would say some of this slowing is
directly attributable to the looming tax deadline of April 15th. Another possible contributor is the Fed’s
communication regarding the continued tapering of QE stimulus and other decisions that could affect the
cost to borrowing money in the near future.
So, what is my forecast for April? Based on the last couple of months – data that is mostly positive,
especially when comparing year-over-year stats – it is my opinion real estate activity will definitely pick up
with the month ending somewhere between February and March. However, as we inch closer to
summertime, assuming ceteris paribus, I think total market performance will improve quite noticeably.
Your recap…
Back to Table of Contents
Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease
Total Sales 14 11 -3 -21.43%
Median Sales Price 1,407,250 1,101,000 (306,250) -21.76%
Median Days to Sell 13 17 4 30.77%
Listings 38 50 12 31.58%
Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22%
Months of Inventory 2.7 4.6 1.9 70.37%
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
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
Hassana Chahine
 hassana@hhcrealestate.com
 310-756-8949
Back to Table of Contents
Listings MLS BLOGWebsite

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March 2014 Hermosa Beach Real Estate Market Trends Update

  • 1. Hermosa Beach Residential Real Estate Market Conditions March 2014
  • 2. Table of Contents Key Statistics for March 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 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 April About the Mother & Son South Bay Real Estate Team Contact Information
  • 3. Key Statistics for March Back to Table of Contents = trending positive = trending positive = trending negative = trending negative Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 14 11 -3 -21.43% Median Sales Price 1,407,250 1,101,000 (306,250) -21.76% Median Days to Sell 13 17 4 30.77% Listings 38 50 12 31.58% Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22% Months of Inventory 2.7 4.6 1.9 70.37% Monthly Comparison Year-to-Year Mar 2013 Mar 2014 Delta Delta Increase Decrease Total Sales 12 14 2 16.67% Median Sales Price 1,000,000 1,101,000 101,000 10.10% Median Days to Sell 34 17 -17 -50.00% Listings 59 50 -9 -15.25% Months of Inventory 3.7 4.6 0.9 24.32%
  • 4. Back to Table of Contents 0 1 2 3 4 5 6 Jan Feb Mar 2014 Residential Sales Statistics: March Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East 2014 Residential Sales by Map Area Jan Feb Mar Hermosa Bch Sand 3 6 3 Hermosa Bch Valley 5 4 4 Hermosa Bch East 4 4 4 Total Monthly Sales 12 14 11
  • 5. Back to Table of Contents 0 2 4 6 8 10 12 2012 2013 2014 Total Sales by Map Area: Year-to-Year for March Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Sales by Map Area: Year-to-Year for March 2012 2013 2014 Hermosa Bch Sand 11 7 3 Hermosa Bch Valley 1 4 4 Hermosa Bch East 7 5 4 Total Sales 19 16 11
  • 6. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 Jan Feb Mar 2014 Median Sales Price Statistics: March Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Median Sales Price 2014 Median Sales Price by Map Area Jan Feb Mar Hermosa Bch Sand 1,165,000 1,587,500 1,549,000 Hermosa Bch Valley 1,001,500 1,327,250 965,500 Hermosa Bch East 715,250 1,290,000 1,154,500 Market Median Sales Price 878,000 1,407,250 1,101,000
  • 7. Back to Table of Contents - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2012 2013 2014 Median Sales Price by Map Area: Year-to-Year for March Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Market Median Sales Price Median Sales Price by Map Area: Year-to-Year for March 2012 2013 2014 Hermosa Bch Sand 1,800,000 1,080,000 1,549,000 Hermosa Bch Valley 1,295,000 1,070,000 965,500 Hermosa Bch East 725,000 925,000 1,154,500 Market Median Sales Price 1,060,000 1,000,000 1,101,000
  • 8. Back to Table of Contents - 5 10 15 20 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Active Listings by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 14 16 23 Hermosa Bch Valley 11 10 9 Hermosa Bch East 8 12 18 Total Active Listings 33 38 50
  • 9. Back to Table of Contents - 5 10 15 20 25 30 35 40 45 50 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 Total Active Listings vs. Total Sales Total Active Listings Total Sales 2014 Active Listings/Total Sales by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 14 16 23 Hermosa Bch Valley 11 10 9 Hermosa Bch East 8 12 18 Total Active Listings 33 38 50 Total Sales 12 14 11 Sales/Listings Ratio 36.4% 36.8% 22.0%
  • 10. Back to Table of Contents 0 5 10 15 20 25 30 35 2012 2013 2014 Active Listings by Map Area: Year-to-Year for March Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East Active Listings by Map Area: Year-to-Year for March 2012 2013 2014 Hermosa Bch Sand 31 26 23 Hermosa Bch Valley 11 17 9 Hermosa Bch East 21 16 18 Total Active Listings 63 59 50
  • 11. Back to Table of Contents - 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 2014 Months of Inventory by Map Area Hermosa Bch Sand Hermosa Bch Valley Hermosa Bch East 2014 Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hermosa Bch Sand 4.7 2.7 7.7 Hermosa Bch Valley 2.2 2.5 2.3 Hermosa Bch East 2.0 3.0 4.5
  • 12. Back to Table of Contents - 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 2012 2013 2014 Months of Inventory: Year-to-Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 5.9 4.4 3.3 5.1 3.7 4.5 3.8 4.0 3.2 4.1 3.1 1.8 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
  • 13. Outlook for April Hermosa Beach real estate activity for the month of March trended off pace compared to performance measurements recorded in February. Why? Among other reasons I would say some of this slowing is directly attributable to the looming tax deadline of April 15th. Another possible contributor is the Fed’s communication regarding the continued tapering of QE stimulus and other decisions that could affect the cost to borrowing money in the near future. So, what is my forecast for April? Based on the last couple of months – data that is mostly positive, especially when comparing year-over-year stats – it is my opinion real estate activity will definitely pick up with the month ending somewhere between February and March. However, as we inch closer to summertime, assuming ceteris paribus, I think total market performance will improve quite noticeably. Your recap… Back to Table of Contents Month-to-Month Comparison Feb 2014 Mar 2014 Delta (qty) Delta (%) Increase Decrease Total Sales 14 11 -3 -21.43% Median Sales Price 1,407,250 1,101,000 (306,250) -21.76% Median Days to Sell 13 17 4 30.77% Listings 38 50 12 31.58% Sales/Listing Ratio 36.8% 22.0% -14.8% -40.22% Months of Inventory 2.7 4.6 1.9 70.37%
  • 14. 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
  • 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 Hassana Chahine  hassana@hhcrealestate.com  310-756-8949 Back to Table of Contents Listings MLS BLOGWebsite