STAN BOTELLO
Shorewood Realtors
3300 Highland Avenue
Manhattan Beach, CA 90266
310-795-0898
310-546-7561 Ext 463
Stan@SellingBeachProperty.com
Hermosa Beach Residential Sales Data
In 2009, Hermosa Beach experienced a 24% decline in average sales price; the first decline city wide in several years. However, the market was active, with an increase in number of properties selling in every section of the city. In most sections of the city, the number of days on market continued to increase accept for East Hermosa Beach, where it took 15 fewer days on average for a property to sell over the previous year.

HERMOSA BEACH
  Total Year 2008 vs. 2009
2006 2007 2008 2009 +/- Difference
Total City
Avg Sales Price 1,322,822 1,428,239 1,595,835 1,210,478 -24%
# Properties 212 216 154 177 +23 more properties
Avg Days on Mkt 38 48 72 94 +22 more days
Sand Section
Avg Sales Price 1,732,358 1,848,899 2,055,494 1,450,825 -29%
# Properties 92 100 79 85 +6 more properties
Avg Days on Mkt 40 45 65 114 +49 more days
Hermosa Valley
Avg Sales Price 1,040,518 1,118,797 1,228,456 1,119,326 -9%
# Properties 48 58 29 43 +14 more properties
Avg Days on Mkt 35 53 90 94 +4 more days
East Hermosa
Avg Sales Price 987,728 1,012,406 1,038,030 873,541 -16%
# Properties 72 58 46 49 +3 more properties
Avg Days on Mkt 37 50 74 59 -15 fewer days

Note: All data is based on single family, townhome and condo sales information. Current residential income property sales information is available upon request.

Source: Multi Regional Multiple Listing Service, Closed Sales. Information is deemed reliable but not guaranteed.