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Hermosa Beach Real Estate Market Conditions - December 2016
Hermosa Beach Real Estate Market Conditions - December 2016
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
Nov 2016
16
1,449,500
33
62
25.8%
4.0
Dec 2016
Dec 2015
Dec 2016
21
1,575,000
34
47
2.0
12
1,435,863
27
54
22.2%
5.0
12
1,435,863
27
54
5.0
Delta (qty)
-4
(13,637)
-6
-8
-3.6%
1
Delta
-9
(139,137)
-7
7
3
Delta (%)
-25.00%
-0.94%
-18.18%
-12.90%
-13.95%
25.00%
Increase
Decrease
Delta
-42.86%
-8.83%
-20.59%
14.89%
150.00%
Increase
Decrease
= trending positive
= trending positive
= trending negative
= trending negative
Oct
10
5
8
23
Nov
8
6
2
16
Dec
5
2
5
12
25
20
15
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
10
Total Sales
5
Oct
Nov
Dec
2014
7
4
4
15
2015
12
4
5
21
2016
5
2
5
12
25
20
15
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
10
Total Sales
5
2014
2015
2016
Oct
2,497,063
1,785,000
1,850,000
1,975,000
Nov
1,949,500
1,102,500
1,367,000
1,449,500
Dec
2,300,000
862,500
1,444,000
1,435,863
2,500,000
2,000,000
1,500,000
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
1,000,000
Oct
Nov
Dec
2014
2015
2016
1,875,000 2,282,500 2,300,000
1,360,000
938,500
862,500
1,460,000 1,500,000 1,444,000
1,570,000 1,575,000 1,435,863
2,500,000
2,000,000
1,500,000
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
1,000,000
2014
2015
2016
15
10
5
Jan
Feb
Mar
Jan
21
11
6
38
Apr
Feb
24
9
11
44
Mar
24
8
19
51
May
Apr
36
10
25
71
Jun
May
35
13
19
67
Jul
Aug
Sep
Jun
40
13
19
72
Jul
48
11
18
77
Aug
41
13
16
70
Oct
Sep
42
17
13
72
Nov
Oct
35
16
18
69
Dec
Nov
33
11
18
62
Dec
31
11
12
54
20
10
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
26
11
5
42
2015
27
14
6
47
2016
31
11
12
54
60
50
40
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
30
20
10
2014
2015
2016
7.0
6.0
5.0
4.0
Hermosa Bch Sand
Hermosa Bch Valley
Hermosa Bch East
3.0
2.0
1.0
Jan
Feb
Mar
Apr
Jan
3.0
6.0
6.0
Feb
2.0
2.0
4.0
Mar
3.0
2.0
6.0
May
Apr
6.0
2.0
4.0
Jun
May
4.0
7.0
2.0
Jul
Jun
6.0
3.0
2.0
Aug
Jul
5.0
2.0
2.0
Sep
Aug
3.0
3.0
2.0
Oct
Sep
5.0
6.0
1.0
Nov
Oct
4.0
3.0
2.0
Dec
Nov
4.0
2.0
9.0
Dec
6.0
6.0
2.0
4.5
4.0
3.5
3.0
2.5
2.0
2014
2015
2016
1.5
1.0
0.5
Jan
Feb
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
4.0
Jul
May
3.0
4.0
4.0
Aug
Jun
3.0
3.0
3.0
Jul
3.0
4.0
3.0
Sep
Aug
2.0
3.0
3.0
Oct
Sep
2.0
3.0
4.0
Nov
Oct
3.0
3.0
3.0
Dec
Nov
4.0
2.0
4.0
Dec
2.0
2.0
5.0
Summary
Investment in Hermosa Beach residential properties stalled a bit in December as several key metrics unperformed month-overmonth including total sales (-25%), median sales price (-0.94%), net listings (-12.9%), and the sales-listing ratio (-13.95%). During
this time, however, the median days to sell improved 18.18%. Year-over-year months of inventory data point increased 150%
from 2015 to 2016.
In December, C.A.R. reported Demand for homes continued to outstrip supply, causing the Unsold Inventory Index to
decline to 3.1 months in November from 4.2 months in November 2015.
http://www.car.org/newsstand/newsreleases/2016releases/nov2016sales?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!
Month-to-Month Comparison
Total Sales
Median Sales Price
Median Days to Sell
Listings
Sales/Listing Ratio
Months of Inventory
Nov 2016
16
1,449,500
33
62
25.8%
4.0
Dec 2016
Dec 2015
Dec 2016
21
1,575,000
34
47
2.0
12
1,435,863
27
54
22.2%
5.0
12
1,435,863
27
54
5.0
Delta (qty)
-4
(13,637)
-6
-8
-3.6%
1
Delta
-9
(139,137)
-7
7
3
Delta (%)
-25.00%
-0.94%
-18.18%
-12.90%
-13.95%
25.00%
Increase
Decrease
Delta
-42.86%
-8.83%
-20.59%
14.89%
150.00%
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
Hady Chahine
hady@hadychahine.com
310-404-5361
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