By the Numbers – Hermosa Beach Real Estate Recap 2018

2018 was a big year for real estate in Hermosa Beach. Although prices are still not at Manhattan Beach levels they’re getting closer all of the time.  See all of the homes that sold in 2018 or see the current homes for sale in Hermosa Beach.

  • 188 total on market homes were sold
  • 89 Sand section homes sold at a median price of $2,215,000 with median days on market of 23
  • 46 valley section homes sold at a median price of $1,498,500 and a median days on market of 14
  • 53 hill section homes sold at a median price of $1,500,000 and a median days on market of 23

See the chart below for a month to month picture of the Hermosa housing market in 2018

Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
For Sale 44 42 51 53 57 62 64 64 59 60 50 45
New Listing 37 18 26 36 34 34 22 24 20 23 12 6
Sold 6 16 18 18 20 18 20 18 12 18 14 10
In Escrow 21 12 16 27 22 17 14 16 15 14 14 9
Months of Inventory (Closed Sales) 7.3 2.6 2.8 2.9 2.9 3.4 3.2 3.6 4.9 3.3 3.6 4.5
Months of Inventory (Pended Sales) 2.1 3.5 3.2 2 2.6 3.6 4.6 4 3.9 4.3 3.6 5
Absorption
Rate (Closed Sales) %
13.6 38.1 35.3 34 35.1 29 31.3 28.1 20.3 30 28 22.2
Absorption
Rate (Pended Sales) %
47.7 28.6 31.4 50.9 38.6 27.4 21.9 25 25.4 23.3 28 20
Avg. Active Price  $3,393,000  $3,598,000  $3,370,000  $3,550,000  $3,800,000  $3,851,000  $3,489,000  $3,569,000  $3,692,000  $3,495,000  $3,424,000  $2,871,000
Avg. Sold Price  $2,086,000  $1,674,000  $1,762,000  $2,571,000  $1,897,000  $2,540,000  $2,047,000  $2,311,000  $1,732,000  $2,301,000  $1,903,000  $3,056,000
Avg. Sq. Ft. Price (Sold) 1044 1017 829 1025 953 990 1054 1115 914 1130 979 1450
Sold/List
Diff. %
98 99 100 97 99 99 98 98 98 98 95 93
Sold/Orig
LP Diff. %
90 95 98 96 97 97 97 98 98 93 91 87
Avg Days on Market 31 51 43 70 34 34 32 23 37 45 59 87
Median
Sold Price
 $1,343,000  $1,473,000  $1,728,000  $1,745,000  $1,687,000  $1,863,000  $1,742,000  $1,975,000  $1,715,000  $1,550,000  $1,625,000  $1,906,000

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