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Home Real Estate trends for town homes in the H...

Real Estate trends for town homes in the Hermosa Beach Sand Section

There are 13 town homes for sale in the Hermosa Beach sand section as of today. Of the 13 townhomes 3 are short pays and the other 10 are standard sales. below is a graph illustrating the real estate market trends for the town homes in area 148 (Sand Section)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Jul. 11 Jun. 11 % Change Jul. 11 Jul. 10 % Change May. 11 to Jul. 11 May. 10 to Jul. 10 % Change
For Sale 13 9 44.4% 13 17 -23.5% 10 18 -44.4%
Sold 0 5 -100% 0 5 -100% 2 3 -33.3%
Pended 2 0 N/A 2 4 -50% 2 3 -33.3%
Date 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11
For Sale 16 20 17 19 12 12 10 10 10 13 11 13 9 9 13
New Listing 3 6 4 4 1 4 1 2 4 4 1 5 1 3 5
Sold 3 1 5 4 1 3 2 1 0 0 1 1 1 5 0
Pended 3 2 4 2 3 1 1 0 1 0 2 3 3 0 2
Months of Inventory (Closed Sales) 5.3 20 3.4 4.8 12 4 5 10 N/A N/A 11 13 9 1.8 N/A
Months of Inventory (Pended Sales) 5.3 10 4.3 9.5 4 12 10 N/A 10 N/A 5.5 4.3 3 N/A 6.5
Absorption Rate (Closed Sales) % 18.8 5 29.4 21.1 8.3 25 20 10 0 0 9.1 7.7 11.1 55.6 0
Absorption Rate (Pended Sales) % 18.8 10 23.5 10.5 25 8.3 10 0 10 0 18.2 23.1 33.3 0 15.4
Avg. Active Price 1114 1201 1168 1187 1290 1073 993 993 1080 1146 1176 1198 1265 1288 1201
Avg. Sold Price 971 1125 1168 829 625 1080 955 1381 0 0 635 1112 1299 941 0
Avg. Sq. Ft. Price 537 575 640 435 424 569 485 470 0 0 498 505 590 527 0
Sold/List Diff. % 96 98 99 98 92 102 97 96 0 0 96 98 100 99 0
Sold/Orig LP Diff. % 91 83 99 95 86 100 83 96 0 0 91 98 100 94 0
Days on Market 42 131 51 78 242 128 110 18 0 0 189 47 0 111 0
Median 1090 1125 1100 772 625 1185 955 1381 0 0 635 1112 1299 968 0

* All reports are published August 2011, based on data available at the end of July 2011. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Posted Thursday Sep 08