Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 48 Active listings and 35 homes are in Escrow. There were 22 closed sales in May and only two of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers were able to negotiate a 3% discount on the purchase of their new homes. The average selling price in Hermosa Beach in May has increased a lot from last month to $3,007,000. The homes sold this month at an average sq/ft price of $1311. Why? There were three expensive Strand Homes sold and one of them sold for $14,150,000.
We are very excited to share with you such great information about Hermosa Beach Properties current market overview. The data below allows you to analyze the information so buyers and sellers can make sound real estate decisions.