Located on the beautiful South Bay area of Los Angeles County about ten minutes from Los Angeles International Airport (LAX) is the Pacific Coast community of Hermosa Beach. Nestled between Manhattan Beach and Redondo Beach, Hermosa Beach real estate offerings have a median sales price of $949,000 in a safe, clean community with excellent 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 properties 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 town homes for sale. Also included in current Hermosa Beach real estate listings are lots/lands, apartment/condo/townhouse combination properties, and a few listed as income investment property and mobile/manufactured homes.
The average price per square foot for properties currently offered for sale in Hermosa is $632. The real estate market in Hermosa Beach tends to be somewhat more volatile than the market in neighboring Manhattan Beach, with monthly listing averages varying much more. Currently there are 33 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 homes offering small yards and gardens as well as off-street parking. Most Hermosa Beach real estate single-family homes available are multiple story homes although there are some single level homes available for the handicapped or elderly.
According to Zillow's Home Value Index, the current median home value in Hermosa Beach real estate is $878,500, up +2.4% in a year-to-year comparison from August 2010 to August 2011. By contrast, the y-to-y in neighboring Redondo Beach is down a significant -7.7% and Manhattan Beach's y-to-y is down -4.5%. If you have hesitated to list your Hermosa Beach real estate property for sale, now might be the time to reconsider since the market is currently in an upswing. The median sale price of current listings is $1,156,800 but listed prices range from $319,000 for a one bedroom, one bath condo to $5,295,000 for a 4040 square feet ocean front home with an elevator, wine cellar and lushly landscaped lot.
From single-family homes with highly prized corner lots to one bed and bath condos in beachfront facilities, there are homes for every taste and need available in Hermosa. The upswing in this market makes this the opportune time to list your property for sale and to buy before prices increase further.
Matt Pernice assists buyer and sellers in the Hermosa Beach community. Search All Hermosa Beach Real Estate Here.
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