Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 45 Active listings and 19 homes are in Escrow. There were 13 closed sales in January and Zero of them were under 1 million. Hermosa has about 2.8 months of inventory. The average sold price in Hermosa Beach in December has increased from last month to $2,368,000. The homes sold this month at an average sq/ft price of $972. The highest-priced home sold on 22 The Strand for $5,610,000. The median sales price for Hermosa Beach, CA 90254 is $1,650,000.
Slight Seller’s Advantage- The market has been cooling over time and prices have plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Hermosa Beach Properties current market overview. The data above allows you to analyze the information so buyers and sellers can make sound real estate decisions.