Hermosa Beach

Residential Real Estate

Market Conditions
August 2017
 Key Statistics for August
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

Table of Listings
2017 Active Listings by Map Area
2017 Total Active Listings vs. Total Sales

Contents 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 August
Month-to-Month Comparison July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 17 23 6 35.29%
Median Sales Price 2,025,000 1,400,000 (625,000) -30.86%
Median Days to Sell 17 17 0 0.00%
Listings 59 42 -17 -28.81%
Sales/Listing Ratio 28.8% 54.8% 26.0% 90.28%
Months of Inventory 3.0 2.0 -1 -33.33%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 26 23 -3 -11.54%
Median Sales Price 1,771,250 1,400,000 (371,250) -20.96%
Median Days to Sell 40 17 -23 -57.50%
Listings 55 42 -13 -23.64%
Months of Inventory 3.0 2.0 -1 -33.33%

= trending positive = trending positive

= trending negative = trending negative

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 Total Sales Month-to-Month by Map Area Jun Jul Aug
Hermosa Bch Sand 11 7 11
Hermosa Bch Valley 7 4 5
Hermosa Bch East 8 6 7
Total Sales 26 17 23

2017 Total Sales Month-to-Month by Map Area

30

25

20

15 Hermosa Bch Sand

Hermosa Bch Valley
Hermosa Bch East
10 Total Sales

-
Jun Jul Aug

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 Total Sales Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 12 13 11
Hermosa Bch Valley 3 5 5
Hermosa Bch East 8 8 7
Total Sales 23 26 23

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

30

25

20

Hermosa Bch Sand

15
Hermosa Bch Valley
Hermosa Bch East
10 Total Sales

-
2015 2016 2017

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 Median Sales Price Month-to-Month by Map Area Jun Jul Aug
Hermosa Bch Sand 1,890,000 1,894,000 2,850,000
Hermosa Bch Valley 1,125,000 2,582,500 1,400,000
Hermosa Bch East 1,667,000 1,805,000 1,325,000
Market Median Sales Price 1,717,500 2,025,000 1,400,000

2017 Median Sales Price Month-to-Month by Map Area

3,000,000

2,500,000

2,000,000

Hermosa Bch Sand

1,500,000
Hermosa Bch Valley
Hermosa Bch East
1,000,000 Market Median Sales Price

500,000

-
Jun Jul Aug

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 Median Sales Price Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 1,437,500 2,650,000 2,850,000
Hermosa Bch Valley 1,475,000 1,879,000 1,400,000
Hermosa Bch East 1,300,000 1,340,000 1,325,000
Market Median Sales Price 1,425,000 1,771,250 1,400,000

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

3,000,000

2,500,000

2,000,000

Hermosa Bch Sand

1,500,000
Hermosa Bch Valley
Hermosa Bch East
1,000,000 Market Median Sales Price

500,000

-
2015 2016 2017

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 2017 Active Listings by Map Area

40

35

30

25

20
Hermosa Bch Sand
15
Hermosa Bch Valley
Hermosa Bch East
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 Dec
Hermosa Bch Sand 33 22 26 36 30 36 32 20
Hermosa Bch Valley 15 8 13 12 9 6 8 6
Hermosa Bch East 11 13 12 12 16 20 19 16
Total Active Listings 59 43 51 60 55 62 59 42

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 2017 Total Active Listings vs. Total Sales

70

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 Dec
Hermosa Bch Sand 33 22 26 36 30 36 32 20
Hermosa Bch Valley 15 8 13 12 9 6 8 6
Hermosa Bch East 11 13 12 12 16 20 19 16
Total Active Listings 59 43 51 60 55 62 59 42
Total Sales 14 9 13 17 22 26 17 23
Sales/Listings Ratio 23.7% 20.9% 25.5% 28.3% 40.0% 41.9% 28.8% 54.8%

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 Active Listings Year-to-Year by Map Area 2015 2016 2017
Hermosa Bch Sand 33 35 20
Hermosa Bch Valley 14 10 6
Hermosa Bch East 6 10 16
Total Active Listings 53 55 42

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

60

50

40

Hermosa Bch Sand

30 Hermosa Bch Valley
Hermosa Bch East
Total Active Listings
20

10

-
2015 2016 2017

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 2017 Months of Inventory by Map Area

8.0

7.0

6.0

5.0

4.0

Hermosa Bch Sand 3.0

Hermosa Bch Valley
Hermosa Bch East 2.0

1.0

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Months of Inventory by Map Area Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Hermosa Bch Sand 8.0 7.0 3.0 7.0 2.0 3.0 5.0 2.0
Hermosa Bch Valley 3.0 8.0 - 2.0 3.0 1.0 2.0 1.0
Hermosa Bch East 3.0 3.0 4.0 3.0 4.0 3.0 3.0 2.0

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 Months of Inventory Year-to-Year

5.0

4.5

4.0

3.5

3.0

2.5

2.0

1.5
2015
2016
1.0
2017
0.5

-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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 5.0 4.0 4.0 3.0 2.0 3.0 2.0

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 Summary
Hermosa Beach real estate activity in August produced a 35.29% increase in total sales and a 90.28% spike in the sales-listing ratio metric.
On the downside the median sales price dropped 30.86% while net listings fell 28.81%. Year-over-year months of inventory data point
decreased 33.33% from August 2016 to 2017.

In July, C.A.R. reported As we enter the second half of the year, we are likely to see some slowdown in sales that extends beyond the
typical seasonality change, said C.A.R. President Geoff McIntosh. While the rate of closed sales indicates that Californias housing market
has continued to move forward, tight supply continued to push up prices and lower affordability, which can ultimately undermine the
housing market by putting homeownership out of reach for too many households."
http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/july2017sales/

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 July 2017 Aug 2017 Delta (qty) Delta (%) Increase Decrease
Total Sales 17 23 6 35.29%
Median Sales Price 2,025,000 1,400,000 (625,000) -30.86%
Median Days to Sell 17 17 0 0.00%
Listings 59 42 -17 -28.81%
Sales/Listing Ratio 28.8% 54.8% 26.0% 90.28%
Months of Inventory 3.0 2.0 -1 -33.33%
Monthly Comparison Year-to-Year Aug 2016 Aug 2017 Delta Delta Increase Decrease
Total Sales 26 23 -3 -11.54%
Median Sales Price 1,771,250 1,400,000 (371,250) -20.96%
Median Days to Sell 40 17 -23 -57.50%
Listings 55 42 -13 -23.64%
Months of Inventory 3.0 2.0 -1 -33.33%

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 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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