Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 40 Active listings and 23 homes are in Escrow. There were 18 closed sales in October and Three of them were under 1 million. Hermosa has about 2.2 months of inventory. Most buyers negotiated a 6% discount off the purchase price of their new homes. The average median price in Hermosa Beach in November has decreased a lot from last month to $2,301,000. The homes sold this month at an average sq/ft price of $1043. There were not a lot of sales this month but a Strand Home sold for $9,200,000.

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
Oct. 17 Sep. 17 % Change Oct. 17 Oct. 16 % Change Aug. 17 to Oct. 17 Aug. 16 to Oct. 16 % Change 11/1/2017 – 11/7/2017 10/1/2017 – 10/7/2017 % Change
For Sale 40 50 -20% 40 48 -16.7% 40 48 -16.7% 39 50 -22%
Sold 18 9 100% 18 23 -21.7% 51 70 -27.1% 7 4 75%
Pended 23 14 64.3% 23 22 4.5% 48 58 -17.2% 3 5 -40%
Data Table
Date 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 9/17 10/17
For Sale 48 50 48 45 40 41 41 46 48 48 54 54 42 50 40
New Listing 18 30 24 18 12 24 21 27 34 31 32 23 12 24 17
Sold 26 21 23 16 14 14 9 14 18 22 27 18 24 9 18
Pended 24 12 22 14 7 16 15 18 24 25 23 17 11 14 23
Months of Inventory (Closed Sales) 1.8 2.4 2.1 2.8 2.9 2.9 4.6 3.3 2.7 2.2 2 3 1.8 5.6 2.2
Months of Inventory (Pended Sales) 2 4.2 2.2 3.2 5.7 2.6 2.7 2.6 2 1.9 2.3 3.2 3.8 3.6 1.7
Absorption Rate (Closed Sales) % 54.2 42 47.9 35.6 35 34.1 22 30.4 37.5 45.8 50 33.3 57.1 18 45
Absorption Rate (Pended Sales) % 50 24 45.8 31.1 17.5 39 36.6 39.1 50 52.1 42.6 31.5 26.2 28 57.5
Avg. Active Price 4002 3391 3445 4032 4161 4302 4227 4498 4324 4071 4279 3506 4047 3364 3983
Avg. Sold Price 2408 1794 2380 1630 1626 1417 1207 2855 1738 3007 1831 1968 2303 3052 2301
Avg. Sq. Ft. Price (Sold) 1069 821 993 968 910 812 672 1071 871 1311 844 857 1055 1383 1043
Sold/List Diff. % 96 97 96 96 101 95 99 97 99 99 96 101 100 95 97
Sold/Orig LP Diff. % 96 96 94 94 100 94 98 90 98 97 94 100 97 93 94
Days on Market 70 49 60 44 41 32 33 77 41 43 28 32 30 44 57
Median 1771 1700 1975 1450 1535 1403 1080 1585 1415 1738 1685 2063 1500 2400 1401
Table Information
* All reports are published November 2017, based on data available at the end of October 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.