Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 54 Active listings and 30 homes are in Escrow. There were 26 closed sales in June and six of them were under 1 million. Hermosa has about 2.1 months of inventory. Most buyers were able to negotiate a 5% discount on the purchase of their new homes. The average selling price in Hermosa Beach in June has decreased a lot from last month to $1,856,000. The homes sold this month at an average sq/ft price of $845.

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
Jun. 17 May. 17 % Change Jun. 17 Jun. 16 % Change Apr. 17 to Jun. 17 Apr. 16 to Jun. 16 % Change 7/1/2017 – 7/7/2017 6/1/2017 – 6/7/2017 % Change
Avg. Sq. Ft. Price (Sold) 845 1311 -35.5% 845 868 -2.6% 1007.42 886.73 13.6% 805 845 -4.7%
Date 4/16 5/16 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
For Sale 51 51 58 62 48 50 48 45 40 41 41 46 48 48 54
New Listing 41 27 41 36 18 30 24 18 12 24 21 27 34 31 28
Sold 19 18 22 23 26 21 23 16 14 14 9 14 18 22 26
Pended 22 16 25 26 24 12 22 14 7 16 15 18 24 25 22
Months of Inventory (Closed Sales) 2.7 2.8 2.6 2.7 1.8 2.4 2.1 2.8 2.9 2.9 4.6 3.3 2.7 2.2 2.1
Months of Inventory (Pended Sales) 2.3 3.2 2.3 2.4 2 4.2 2.2 3.2 5.7 2.6 2.7 2.6 2 1.9 2.5
Absorption Rate (Closed Sales) % 37.3 35.3 37.9 37.1 54.2 42 47.9 35.6 35 34.1 22 30.4 37.5 45.8 48.1
Absorption Rate (Pended Sales) % 43.1 31.4 43.1 41.9 50 24 45.8 31.1 17.5 39 36.6 39.1 50 52.1 40.7
Avg. Active Price 3510 3523 3593 3660 4002 3391 3445 4032 4161 4302 4227 4498 4324 4071 4279
Avg. Sold Price 2193 1678 1648 1900 2408 1794 2380 1630 1626 1417 1207 2855 1738 3007 1856
Avg. Sq. Ft. Price (Sold) 821 979 868 892 1069 821 993 968 910 812 672 1071 871 1311 845
Sold/List Diff. % 97 97 100 97 96 97 96 96 101 95 99 97 99 99 96
Sold/Orig LP Diff. % 96 95 98 96 96 96 94 94 100 94 98 90 98 97 95
Days on Market 65 53 60 50 70 49 60 44 41 32 33 77 41 43 26
Median 1515 1317 1240 1410 1771 1700 1975 1450 1535 1403 1080 1585 1415 1738 1718
Table Information
* All reports are published July 2017, based on data available at the end of June 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.