Hermosa Beach Real Estate Market Update - May 2020
May was a slower but steady month for real estate in Hermosa Beach with 10 on market home sales. While the number of home sales was slower the rest of the numbers were impressive. The median list price was $2,049,500 with the median price of the homes that sold was $1,925,000. The average price per foot was over $1000 a foot at $1085.97. Average days on market was 27 and the median number of days on market for sold homes was a fairly amazing 6.
May 2020 Home Sales and house prices in Hermosa Beach
MLS# | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
SB20030796 | CONDO/A | 727 | 2nd ST #101 | $430,000 | $1,048.78 | 0/0,0,1,0 | 410/A | 2007/ASR | 5/11/2020 |
SB20091970 | SFR/D | 1515 | Monterey BLVD | $1,340,000 | $1,509.01 | 2/1,0,0,0 | 888/A | 1930/ASR | 5/15/2020 |
SB20027671 | SFR/D | 2818 | Hermosa AVE | $4,400,000 | $1,274.99 | 4/3,0,1,0 | 3451/A | 1982/ASR | 5/11/2020 |
SB20050633 | SFR/D | 1601 | Manhattan AVE | $4,975,000 | $1,421.43 | 4/4,0,1,0 | 3500/B | 2020/BLD | 5/5/2020 |
SB20082220 | SFR/D | 125 | 30th ST | $5,800,000 | $1,767.22 | 4/4,0,1,0 | 3282/D | 2020/BLD | 5/8/2020 |
SB20071504 | CONDO/A | 1720 | Ardmore AVE #325 | $645,000 | $833.33 | 1/1,0,0,0 | 774/A | 1970/ASR | 5/6/2020 |
SB20016364 | TWNHS/D | 619 | Longfellow Ave | $2,950,000 | $931.48 | 4/3,0,1,0 | 3167/B | 2020/BLD | 5/18/2020 |
20568958 | SFR | 1246 | 19TH ST | $1,685,000 | $840.40 | 3/2,0,1,0 | 2005/A | 1986 | 5/13/2020 |
20558026 | SFR | 1326 | OWOSSO AVE | $1,750,000 | $668.19 | 4/3,0,0,0 | 2619/D | 1986 | 5/8/2020 |
SB20015596 | SFR/D | 1276 | 9th ST | $2,100,000 | $564.82 | 4/3,0,1,0 | 3718/A | 2013/ASR | 5/6/2020 |
May 2020 is a Neutral market*
Home For Sale in May 2020: 56 units.
| • | Up 3.7% compared to last month |
| • | 0% compared to last year |
Home Closed in May 2020: 10 units.
| • | Down 23.1% compared to last month |
| • | Down 16.7% compared to last year |
Home Placed under Contract in May 2020: 27 units.
| • | Up 350% compared to last month |
| • | Up 50% compared to last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales