The December numbers are in and if there was any thought that the real estate market in Hermosa Beach was slowing or even leveling the numbers certainly say otherwise.
The average home price in Hermosa Beach for the homes that closed escrow during December was $1,771,899 with a median price of $1,575,000*. That’s are fairly incredible numbers that still shows no sign of slowing or reversing. The reasons are the continued demand with a limited supply of new listings, combined with some new construction and premium locations. The numbers would have been significantly higher but there were a greater number of condo sales than usual. See the chart below for the December home sales numbers for Hermosa Beach and the South Bay for December of 2015.
*Information above only reflects homes listed and sold on the MLS and does not include off market sales.
over Year % Change
|Marina Del Rey||31||$905,000||$759,000||19.2%|
|Palos Verdes Estates||29||$1,456,000||$1,150,000||26.7%|
|Playa Del Rey||17||$605,000||$482,000||25.5%|
|Rancho Palos Verdes||48||$1,170,000||$1,135,000||3.1%|