Hermosa Beach

Residential Real Estate

Market Conditions
March 2016

Key Statistics for March

Sales
2016 Residential Sales Stats
Year-to-Year Total Sales by Map Area
Median
2016 Median Sales Stats
Year-to-Year Median Sales by Map Area

Table of
Contents

Listings
2016 Active Listings by Map Area
2016 Total Active Listings vs. Total Sales
Year-to-Year Active Listings by Map Area

Inventory
2016 Months of Inventory by Map Area
Year-to-Year Months of Inventory
Summary

About Hady Chahine

Contact Information

Key Statistics for March

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

Feb 2016

Monthly Comparison Year-to-Year

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

Mar 2015
20
1,310,000
36
42
2.0

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18
1,428,750
30
44
40.9%
2.0

Mar 2016
Delta (qty)
16
-2
1,265,000
(163,750)
19
-11
51
7
31.4%
-9.5%
3.0
1

Mar 2016
16
1,265,000
19
51
3.0

Delta
-4
(45,000)
-17
9
1

Delta (%)
-11.11%
-11.46%
-36.67%
15.91%
-23.23%
50.00%

Increase

Decrease

Delta
-20.00%
-3.44%
-47.22%
21.43%
50.00%

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

Jan
7
2
1
10

Feb
11
4
3
18

Mar
8
5
3
16

2016 Total Sales Month-to-Month by Map Area

18
16
14
12
10
Hermosa Bch Sand
8

Hermosa Bch Valley

Hermosa Bch East

Total Sales

4
2

Jan

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Feb

Mar

Total Sales Year-to-Year by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Sales

2014
3
4
4
11

2015
10
4
6
20

2016
8
5
3
16

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

20
18
16
14
12
Hermosa Bch Sand

10

Hermosa Bch Valley

Hermosa Bch East

6

Total Sales

4
2

2014

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2015

2016

Median Sales Price Month-to-Month by Map Area

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

Jan
1,792,000
2,158,750
1,310,000
1,833,500

Feb
1,449,000
1,043,750
1,225,000
1,428,750

Mar
1,545,000
659,000
1,320,000
1,265,000

2016 Median Sales Price Month-to-Month by Map Area

2,500,000

2,000,000

1,500,000

Hermosa Bch Sand

Hermosa Bch Valley
1,000,000

Hermosa Bch East

Market Median Sales Price

500,000

Jan

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Feb

Mar

Median Sales Price Year-to-Year by Map Area

2014
2015
2016
Hermosa Bch Sand
1,549,000 3,150,000 1,545,000
Hermosa Bch Valley
965,500
941,625
659,000
Hermosa Bch East
1,154,500 1,075,000 1,320,000
Market Median Sales Price 1,101,000 1,310,000 1,265,000

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

3,500,000

3,000,000

2,500,000

2,000,000
Hermosa Bch Sand
Hermosa Bch Valley

1,500,000

Hermosa Bch East

Market Median Sales Price

1,000,000

500,000

2014

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2015

2016

2016 Active Listings by Map Area

25

20

15

10
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East

Jan

Feb

Active Listings vs. Total Sales by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
Back to Table of Contents

Mar

Jan
21
11
6
38

Apr

Feb
24
9
11
44

May

Mar
24
8
19
51

Apr

Jun

May

Jul

Jun

Aug

Sep

Jul

Aug

Oct

Sep

Nov

Oct

Dec

Nov

Dec

2016 Total Active Listings vs. Total Sales

60

50

40

30

20
Total Active Listings
Total Sales
10

Jan

Feb

Mar

Apr

May

Active Listings vs. Total Sales by Map Area

Jan
Feb Mar Apr
Hermosa Bch Sand
21
24
24
Hermosa Bch Valley
11
9
8
Hermosa Bch East
6
11
19
Total Active Listings
38
44
51
Total Sales
10
18
16
Sales/Listings Ratio 26.3% 40.9% 31.4%
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Jun

May

Jul

Jun

Aug

Sep

Oct

Jul

Aug

Sep

Nov

Oct

Dec

Nov

Dec

Active Listings Year-to-Year by Map Area

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

2014
26
9
20
55

2015
25
7
10
42

2016
24
8
19
51

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

60

50

40
Hermosa Bch Sand

30

Hermosa Bch Valley

Hermosa Bch East
20

Total Active Listings

10

2014

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2015

2016

2016 Months of Inventory by Map Area

6.0

5.0

4.0

3.0

2.0
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East

1.0

Jan

Months of Inventory by Map Area

Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Back to Table of Contents

Feb

Jan
3.0
6.0
6.0

Mar

Feb
2.0
2.0
4.0

Apr

Mar
3.0
2.0
6.0

May

Apr

Jun

May

Jul

Jun

Aug

Jul

Sep

Aug

Sep

Oct

Oct

Nov

Nov

Dec

Dec

Months of Inventory Year-to-Year

5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
2014
2015
2016

1.0
0.5
Jan

Feb

Months of Inventory Year-to-Year

2014
2015
2016
Back to Table of Contents

Mar

Jan
3.0
2.0
4.0

Apr

Feb
3.0
5.0
2.0

May

Mar
5.0
2.0
3.0

Jun

Apr
2.0
2.0

Jul

May
3.0
4.0

Aug

Jun
3.0
3.0

Jul
3.0
4.0

Sep

Aug
2.0
3.0

Oct

Sep
2.0
3.0

Nov

Oct
3.0
3.0

Dec

Nov
4.0
2.0

Dec
2.0
2.0

Summary
Sales activity for Hermosa Beach dropped slightly in March as total closed escrows declined 11.11% relative to April. Other
underperforming metrics include median sales price (-11.46%) and sales-listing ratio (-23.23%). Metrics moving in the other
direction, however, include median days to sell (36.67%) and net listing (+15.91%).
In the news According to C.A.R., Marchs statewide median home price was $483,280, up 8.9 percent from February and
up 4 percent from March 2015. (http://www.car.org/newsstand/newsreleases/2016releases/march2016sales?view=Standard)
For listing or buying questions or representation, 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.

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

Feb 2016

Monthly Comparison Year-to-Year

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

Mar 2015
20
1,310,000
36
42
2.0

Back to Table of Contents

18
1,428,750
30
44
40.9%
2.0

Mar 2016
Delta (qty)
16
-2
1,265,000
(163,750)
19
-11
51
7
31.4%
-9.5%
3.0
1

Mar 2016
16
1,265,000
19
51
3.0

Delta
-4
(45,000)
-17
9
1

Delta (%)
-11.11%
-11.46%
-36.67%
15.91%
-23.23%
50.00%

Increase

Decrease

Delta
-20.00%
-3.44%
-47.22%
21.43%
50.00%

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@hadychahine.com
310-404-5361

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