Hermosa Beach Sand Section Market Update...by the numbers

September 9th 2011

Here's a quick breakdown of the Hermosa Beach Real Estate Market by the numbers

Hermosa Beach Sand Section - Area 148

Single Family Homes:

• 27 - number of active listings
• 0 - Number of short sale and bank owned listings
• $829,000 - Lowest priced
• $18.99M - high priced (Oceanfront Double Lot)
• $2,249,000 - Median home price (skewed due to the high ocean front home inventory)
• 5 - Number of oceanfront Strand homes on the market
• 4 - Number of pending sales in escrow
• 2 - Pending short sales, 1 bank owned, 1 standard sale
• 5 - Number of single family homes sold since August 1st
• $1,350,000 - Median price of recently sold homes
• 5.9 - Months of unsold inventory
• 71 Average Days on Market

Townhomes

• 11 - Number of active listings
• $720,000 - Lowest priced
• $2,399,000 - Highest priced (walk street 2 houses from the beach)
• $1,095,000 - median home price
• 4 - Number of townhomes currently in escrow
• 3 - Number of pending sales that are short sales
• 2 - Number of townhomes sold since August 1st
• 12 - Months of unsold inventory

Condos

• 5 - Number of active listings (technically 2 - 3 are in the Beach House Hermosa and are condo/hotel units)
• 3 - Condos currently in escrow
• 1 - Condos sold since August 1st

Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.