Hermosa Beach is located on the beautiful South Bay area of L.A. (Los Angeles) County about fifteen minutes from Los Angeles International Airport is the Pacific Coast community of Hermosa Beach. However, nestled between Redondo Beach and Manhattan Beach, Hermosa Beach real estate offerings have a median sales price of $950,500 in a safe, clean community with high schools. This beautiful beach community is a popular site for pro-circuit beach volleyball players to come for training and tourists to visit year-round.
According to property statistics and trends noted on Zillow, the number of Hermosa Beach real estate listings is currently up over the number of properties that were available in the summer. The listing price averages here fluctuate weekly, depending on the current listings available. Presently there are multiple categories of features available for purchase. The majority of them are single-family homes, as this is a popular community for year-round homes of professionals and highly educated people with families who work in the greater Los Angeles area. There are also two dozen condos and townhomes for sale. Also included in current Hermosa Beach real estate listings are lands/lots, condo/townhouse/apartment combination properties, and a few listed as an income investment property and mobile and manufactured homes.
Furthermore, the fair or average price per square foot for properties currently offered for sale in Hermosa is $620. The real estate market in Hermosa Beach tends to be somewhat more volatile than the market in neighboring Manhattan Beach, also, with monthly listing averages varying much more. Currently, there are 34 foreclosure properties listed on the market. Another great source of the most current data on and trends in this market, including a weekly newsletter for which viewers can register, can be found at mattpernice.com. The single-family homes currently offered for sale include beach-front homes, some on the Strand itself, as well as dwellings offering small yards and gardens as well as off-street parking. Most Hermosa Beach real estate single-family homes available are much story homes, though there are some single level homes available for the elderly or handicapped.
Moreover, according to Zillow’s Home Value Index, the recent median home value in Hermosa Beach real estate is $876,500, up +2.5% in a year-to-year comparison from August 2010 to September 2011. Additionally, by contrast, the y-to-y in neighboring Redondo Beach is down a significant -7.8%, and Manhattan Beach’s y-to-y is down -4.6%. If you’ve hesitated to list your Hermosa Beach real estate property for sale, now might be the time to reconsider since the market is recently in an upswing. The median sale price of recent listings is $1,146,700, but listed prices range from $318,000 for a one bedroom. Additionally, one bath condo to $5, 300,000 for a 5040 square feet oceanfront home with an elevator, lushly landscaped and wine cellar lot.
However, from single-family homes with highly prized corner lots to one bed and bath condos in beach front facilities, there are homes for every taste and need available in Hermosa Beach real estate. The upswing in this market makes this the opportune time to list your property for sale and to buy before prices escalate further.