Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 42 Active listings and 17 homes are in Escrow. There were 24 closed sales in August and two of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers negotiated a 3% discount off the purchase price of their new homes. The average median price in Hermosa Beach in August has decreased a lot from last month to $1,500,000. The homes sold this month at an average sq/ft price of $1055. Two Strand homes sold this month on 18th Street for about 7 million each.

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.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago TODAY STATS
Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 – 9/5/2017 8/1/2017 – 8/5/2017 % Change
Avg. Sq. Ft. Price (Sold) 1055 857 23.1% 1055 1069 -1.3% 920.78 949.38 -3% 1220 804 51.7%
Date 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17 6/17 7/17 8/17
For Sale 58 62 48 50 48 45 40 41 41 46 48 48 54 54 42
New Listing 41 36 18 30 24 18 12 24 21 27 34 31 32 22 10
Sold 22 23 26 21 23 16 14 14 9 14 18 22 27 18 24
Pended 25 26 24 12 22 14 7 16 15 18 24 25 23 17 14
Months of Inventory (Closed Sales) 2.6 2.7 1.8 2.4 2.1 2.8 2.9 2.9 4.6 3.3 2.7 2.2 2 3 1.8
Months of Inventory (Pended Sales) 2.3 2.4 2 4.2 2.2 3.2 5.7 2.6 2.7 2.6 2 1.9 2.3 3.2 3
Absorption Rate (Closed Sales) % 37.9 37.1 54.2 42 47.9 35.6 35 34.1 22 30.4 37.5 45.8 50 33.3 57.1
Absorption Rate (Pended Sales) % 43.1 41.9 50 24 45.8 31.1 17.5 39 36.6 39.1 50 52.1 42.6 31.5 33.3
Avg. Active Price 3593 3660 4002 3391 3445 4032 4161 4302 4227 4498 4324 4071 4279 3506 4047
Avg. Sold Price 1648 1900 2408 1794 2380 1630 1626 1417 1207 2855 1738 3007 1831 1968 2303
Avg. Sq. Ft. Price (Sold) 868 892 1069 821 993 968 910 812 672 1071 871 1311 844 857 1055
Sold/List Diff. % 100 97 96 97 96 96 101 95 99 97 99 99 96 101 100
Sold/Orig LP Diff. % 98 96 96 96 94 94 100 94 98 90 98 97 94 100 97
Days on Market 60 50 70 49 60 44 41 32 33 77 41 43 28 32 30
Median 1240 1410 1771 1700 1975 1450 1535 1403 1080 1585 1415 1738 1685 2063 1500
Table Information
* All reports are published September 2017, based on data available at the end of August 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.