Hermosa Beach Real Estate Update….By the Numbers

Hermosa Beach Real Estate Market Snapshot

October 7, 2014 by Ktkyle

Neither the weather nor the real estate market has cooled off much now that summer is over and there doesn’t appear to be any major shift in the market in the coming months. Here’s what’s happening in Hermosa Beach….by the numbers.

Active Single Family	Active townhomes and condos
Current listings – 23 Median home price – $1,875,000 Avg price per foot – $1,227 Average days on market – 94	Current listings – 7 Median home price -$1,229,000 Avg price per foot – $816 Average days on market – 151 (skewed by one home 555 DOM)
Pending Single Family	Pending Townhomes & Condos
Currently in escrow – 10 Median home price – $1,149,000 Avg price per foot – $1,011 Average days on market – 30	Currently in escrow – 13 Median home price -$1,239,000 Avg price per foot – $630 Average days on market – 41
Sold – SFR (since 9/1/14)	Sold TH/Condo (since 9/1/14)
Number of homes – 10 Median home price – $1,029,000* Avg price per foot – $958 Average days on market – 75 *number of homes were sold for lot value which skews the numbers a bit	Currently in escrow – 9 Median home price -$1,170,000 Avg price per foot – $638 Average days on market – 75
Sand Section (all home types)	Hermosa Valley (all home types)
Active homes for sale – 18 Pending home sales – 10 Closed home sales – 6 Median active – $2,199,000 Median in escrow – $1,450,000 Median sold $1,500,000	Active homes for sale – 6 Pending home sales – 7 Closed home sales – 2 Median active – $1,599,000 Median in escrow – $899,000 Median sold – $1,535,500
East of PCH/Hill (all home types)
Active homes for sale – 8 Pending home sales – 6 Closed home sales – 11 Median actitve – $1,299,000 Median in escrow – $1,359,000 Median sold – $865,000