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Hermosa Beach Residential Real Estate Market Conditions January 2017
| Date post: | 12-Feb-2017 |
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Real Estate |
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Table of
Contents
Key Statistics for January
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 January
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= trending positive = trending positive
= trending negative = trending negative
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 1,435,863 1,402,500 (33,363) -2.32%
Median Days to Sell 27 18 -9 -33.33%
Listings 54 59 5 9.26%
Sales/Listing Ratio 22.2% 23.7% 1.5% 6.76%
Months of Inventory 5.0 4.0 -1 -20.00%
Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 10 14 4 40.00%
Median Sales Price 1,833,500 1,402,500 (431,000) -23.51%
Median Days to Sell 80 18 -62 -77.50%
Listings 52 59 7 13.46%
Months of Inventory 4.0 4.0 0 0.00%
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Total Sales Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 4
Hermosa Bch Valley 6
Hermosa Bch East 4
Total Sales 14
-
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
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Total Sales Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 9 7 4
Hermosa Bch Valley 2 2 6
Hermosa Bch East 4 1 4
Total Sales 15 10 14
-
2
4
6
8
10
12
14
16
2015 2016 2017
Total Sales Year-to-Year by Map Area: January
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales
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Median Sales Price Month-to-Month by Map Area Jan Feb Mar
Hermosa Bch Sand 1,342,500
Hermosa Bch Valley 961,000
Hermosa Bch East 1,520,000
Market Median Sales Price 1,402,500
-
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
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Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 1,695,000 1,792,000 1,342,500
Hermosa Bch Valley 1,500,000 2,158,750 961,000
Hermosa Bch East 1,662,500 1,310,000 1,520,000
Market Median Sales Price 1,640,000 1,833,500 1,402,500
-
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: January
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 33
Hermosa Bch Valley 15
Hermosa Bch East 11
Total Active Listings 59
-
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
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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 33
Hermosa Bch Valley 15
Hermosa Bch East 11
Total Active Listings 59
Total Sales 14
Sales/Listings Ratio 23.7%
-
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
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Active Listings Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 23 29 33
Hermosa Bch Valley 16 16 15
Hermosa Bch East 7 7 11
Total Active Listings 46 52 59
-
10
20
30
40
50
60
2015 2016 2017
Active Listings Year-to-Year by Map Area: January
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 8.0
Hermosa Bch Valley 3.0
Hermosa Bch East 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
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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
-
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 Overall Hermosa Beach real estate investment in January was fairly positive as total sales increased 16.67%, median days to sell dropped 33.33%, net listings improved 9.26% and the sales-listing ratio ticked up 6.76%. Year-over-year months of inventory data point held constant at 4.0 from 2016 to 2017.
In January, C.A.R. reported “Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December.” http://www.car.org/newsstand/newsreleases/2017releases/dec2016sales?view=Standard
For listing or buying guidance, or additional statistics on market trending behavior, please do not hesitate to contact me to schedule a time to discuss how I can be of service to you.
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Monthly Comparison Year-to-Year Jan 2016 Jan 2017 Delta Delta Increase Decrease
Total Sales 10 14 4 40.00%
Median Sales Price 1,833,500 1,402,500 (431,000) -23.51%
Median Days to Sell 80 18 -62 -77.50%
Listings 52 59 7 13.46%
Months of Inventory 4.0 4.0 0 0.00%
Month-to-Month Comparison Dec 2016 Jan 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 12 14 2 16.67%
Median Sales Price 1,435,863 1,402,500 (33,363) -2.32%
Median Days to Sell 27 18 -9 -33.33%
Listings 54 59 5 9.26%
Sales/Listing Ratio 22.2% 23.7% 1.5% 6.76%
Months of Inventory 5.0 4.0 -1 -20.00%
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
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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
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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
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