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.