Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 41 Active listings and 20 homes are in Escrow. There were 14 closed sales in January and 5 of them were under 1 million. Hermosa has about 2.9 months of inventory. Most buyers were able to negotiate a 6% discount on the purchase of their new homes. The average selling price in Hermosa Beach in January has decreased from last month to $1,417,000. The homes sold this month had an average sq/ft price of $812.

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.

Date 11/15 12/15 1/16 2/16 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17
For Sale 31 25 33 37 36 51 51 58 62 48 50 48 45 40 41
New Listing 16 10 22 30 30 41 27 41 36 18 31 24 18 12 24
Sold 16 22 10 18 16 19 18 22 23 26 21 23 16 14 14
Pended 13 13 14 19 22 22 17 25 26 24 13 22 14 8 18
Months of Inventory (Closed Sales) 1.9 1.1 3.3 2.1 2.3 2.7 2.8 2.6 2.7 1.8 2.4 2.1 2.8 2.9 2.9
Months of Inventory (Pended Sales) 2.4 1.9 2.4 1.9 1.6 2.3 3 2.3 2.4 2 3.8 2.2 3.2 5 2.3
Absorption Rate (Closed Sales) % 51.6 88 30.3 48.6 44.4 37.3 35.3 37.9 37.1 54.2 42 47.9 35.6 35 34.1
Absorption Rate (Pended Sales) % 41.9 52 42.4 51.4 61.1 43.1 33.3 43.1 41.9 50 26 45.8 31.1 20 43.9
Avg. Active Price 3748 3869 3210 3708 3587 3510 3523 3593 3660 4002 3391 3445 4032 4161 4302
Avg. Sold Price 1704 1773 2327 1482 1521 2193 1678 1648 1900 2408 1794 2380 1630 1626 1417
Avg. Sq. Ft. Price (Sold) 907 927 998 797 1000 821 979 868 892 1069 821 993 968 910 812
Sold/List Diff. % 98 96 94 99 102 97 97 100 97 96 97 96 96 101 95
Sold/Orig LP Diff. % 95 95 91 99 100 96 95 98 96 96 96 94 94 100 94
Days on Market 50 55 88 73 45 65 53 60 50 70 49 60 44 41 32
Median 1650 1688 1834 1429 1265 1515 1317 1240 1410 1771 1700 1975 1450 1535 1403
Table Information
* All reports are published February 2017, based on data available at the end of January 2017, except for the today stats. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.