Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 46 Active listings and 18 homes are in Escrow. There were 14 closed sales in March and only one of them were under 1 million. Hermosa has about 2.6 months of inventory. Most buyers were able to negotiate a 10% discount on the purchase of their new homes. The average selling price in Hermosa Beach in March has increased a lot from last month to $2,855,000. The homes sold this month at an average sq/ft price of $1071. We had a huge increase in the avg. selling price and price per sq./ft. because four of the 14 homes sold in March were over 4.5 million.

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
Mar. 17 Feb. 17 % Change Mar. 17 Mar. 16 % Change Jan. 17 to Mar. 17 Jan. 16 to Mar. 16 % Change 4/1/2017 – 4/7/2017 3/1/2017 – 3/7/2017 % Change
For Sale 46 41 12.2% 46 36 27.8% 46 36 27.8% 50 42 19%
Sold 14 9 55.6% 14 16 -12.5% 37 44 -15.9% 2 4 -50%
Pended 18 15 20% 18 21 -14.3% 49 54 -9.3% 6 4 50%
Date 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 2/17 3/17
For Sale 33 37 36 51 51 58 62 48 50 48 45 40 41 41 46
New Listing 22 30 30 41 27 41 36 18 30 24 18 12 24 21 26
Sold 10 18 16 19 18 22 23 26 21 23 16 14 14 9 14
Pended 14 19 21 22 16 25 26 24 12 22 14 7 16 15 18
Months of Inventory (Closed Sales) 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 4.6 3.3
Months of Inventory (Pended Sales) 2.4 1.9 1.7 2.3 3.2 2.3 2.4 2 4.2 2.2 3.2 5.7 2.6 2.7 2.6
Absorption Rate (Closed Sales) % 30.3 48.6 44.4 37.3 35.3 37.9 37.1 54.2 42 47.9 35.6 35 34.1 22 30.4
Absorption Rate (Pended Sales) % 42.4 51.4 58.3 43.1 31.4 43.1 41.9 50 24 45.8 31.1 17.5 39 36.6 39.1
Avg. Active Price 3210 3708 3587 3510 3523 3593 3660 4002 3391 3445 4032 4161 4302 4227 4498
Avg. Sold Price 2327 1482 1521 2193 1678 1648 1900 2408 1794 2380 1630 1626 1417 1207 2855
Avg. Sq. Ft. Price (Sold) 998 797 1000 821 979 868 892 1069 821 993 968 910 812 672 1071
Sold/List Diff. % 94 99 102 97 97 100 97 96 97 96 96 101 95 99 97
Sold/Orig LP Diff. % 91 99 100 96 95 98 96 96 96 94 94 100 94 98 90
Days on Market 88 73 45 65 53 60 50 70 49 60 44 41 32 33 77
Median 1834 1429 1265 1515 1317 1240 1410 1771 1700 1975 1450 1535 1403 1080 1585
Table Information
* All reports are published April 2017, based on data available at the end of March 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.