About Hermosa Beach's Hermosa Valley

There are currently 4 homes for sale in the Hermosa Beach Valley (area 149). The homes start at $969,000.

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 4 6 -33.3% 4 9 -55.6% 4 8 -50% Sold 2 1 100% 2 1 100% 2 1 100% Pended 1 1 0% 1 0 N/A 1 0 N/A

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 8 6 9 9 11 8 7 5 4 3 6 3 3 6 4 New Listing 1 0 5 2 6 0 2 1 2 2 5 0 2 4 0 Sold 1 0 1 0 0 0 1 1 4 1 2 0 3 1 2 Pended 0 0 0 1 1 1 2 2 0 2 1 2 2 1 1 Months of Inventory (Closed Sales) 8 N/A 9 N/A N/A N/A 7 5 1 3 3 N/A 1 6 2 Months of Inventory (Pended Sales) N/A N/A N/A 9 11 8 3.5 2.5 N/A 1.5 6 1.5 1.5 6 4 Absorption Rate (Closed Sales) % 12.5 0 11.1 0 0 0 14.3 20 100 33.3 33.3 0 100 16.7 50 Absorption Rate (Pended Sales) % 0 0 0 11.1 9.1 12.5 28.6 40 0 66.7 16.7 66.7 66.7 16.7 25 Avg. Active Price 1548 1535 1272 1166 1354 1376 1301 1066 898 632 1073 612 1312 1636 1634 Avg. Sold Price 1600 0 1170 0 0 0 1525 1345 1251 2658 712 0 1338 620 502 Avg. Sq. Ft. Price 540 0 544 0 0 0 438 641 484 529 647 0 907 657 531 Sold/List Diff. % 94 0 90 0 0 0 100 96 96 94 100 0 90 104 96 Sold/Orig LP Diff. % 94 0 88 0 0 0 100 96 94 80 93 0 89 104 81 Days on Market 15 0 116 0 0 0 0 7 58 94 44 0 17 140 60 Median 1600 0 1170 0 0 0 1525 1345 1310 2659 713 0 1274 620 503

* 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.

Hermosa Beach Valley Home Sales in 2009

The Hermosa Beach Valley area has done particularly well from a real estate standpoint over the course of this past decade. Median sales prices have doubled over this period. However, like every other sub-area in the South Bay, the number of single family homes sold and the median sales prices both took a big hit after the credit market crash of 2007. The good news for Hermosa Valley is that the number of sales have rebounded and were higher in 2009. The same cannot be said for prices. The median sales price this last year was off over 11 percent from the prior year. What is interesting, however, is that the peak median sales price for this area was $1.38 M in 2005…and again in 2008. With this perspective in mind, Hermosa Valley has a strong chance of recovering from the price drop relatively quickly.

The cost of entry to buy a single family home here in 2009 was over $800 K. This is quite a shift from 2000, when the median sales price was $575 K. The most expensive sale here in 2009 was at 2805 Tennyson Place with a final price of $5 M, though it had an original asking price of just under $6 M.

There are four homes currently in escrow and, as of this writing, there are only four homes listed for sale. This is the equivalent of three months inventory based on last year’s sales prices. Their list prices range from $899 K to just under $1.9 M. This relatively high number of deals that are pending close of escrow and the low supply of homes available are further evidence that this area is poised for a quick recovery to previous peak values. It will be interesting to see what happens during the next few months.

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Leprechauns, police, bagpipes, cars, bands, planning department, girl scouts, you name it...they were there

Pier Ave was the spot to be to see the best wonderful place to sit. Candy is tossed and handed to the sideline families. Our group met near Valley and Ardmore after ballet class in Redondo Beach studios.

The economy be darned we know how to have fun with what we have in our town.