Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 41 Active listings and 34 homes are in Escrow. There were 20 closed sales in November and two of them were under 1 million. Hermosa has about 3.8 months of inventory. The average sold price in Hermosa Beach in November has decreased from last month to $1,679,00. The homes sold this month at an average sq/ft price of $862. The highest priced home sold on Ocean Drive for $3,400,000.

The median sales price for Hermosa Beach, CA 90254 is $1,288,000 with the market action index hovering around 33. This is less than last month’s Market Action Index, MAI of 37. Inventory has held steady at or around 36.

Slight Seller’s Advantage- The market has been cooling over time and prices 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.

The Hermosa Beach Market

We are very excited to share with you such great information about 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.