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Yes, Yes, We’ve Heard It Before…..No Inventory?? 7 Day Market Update – Hermosa Beach

9/25/2020

1 New Active

6 In Escrow 

3 Closed Sales 

(see properties below)

51 Active Listings in Hermosa Beach

SFR- 28

TWNHS- 18

CONDOS- 4

Actives by Hermosa Areas:

Sand Section: 34 Active listings 

Valley Section:  4 Active listings 

East Hermosa: 13 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This is a market …

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Hermosa Is Starved For Inventory! 7 Day Market Update – Hermosa

7 Day Market Update

9/18/2020

2 New Active

4 In Escrow 

4 Closed Sales 

(see properties below)

54 Active Listings in Hermosa Beach

SFR- 29

TWNHS- 19

CONDOS- 5

Actives by Hermosa Areas:

Sand Section: 33 Active listings 

Valley Section: 7 Active listings 

East Hermosa: 14 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This …

Read the full article →

Inventory has almost come to a halt… Only 2 new listings in Hermosa this week. 7 Day Market Update- Hermosa Beach

9/11/2020

2 New Active

3 In Escrow 

2 Closed Sales 

(see properties below)

55 Active Listings in Hermosa Beach

SFR- 29

TWNHS- 20

CONDOS- 5

Actives by Hermosa Areas:

Sand Section: 33 Active listings 

Valley Section: 7 Active listings 

East Hermosa: 15 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This is a market …

Read the full article →

Happy Labor Day….What Will The Fall Bring? 7 Day Market Update – Hermosa Beach

The Fall season will likely be very active. Inventory levels are still hovering around 2 months here in Hermosa beach. This is still well below the a neutral market average.However, with an election coming up, the stock market bouncing around and skimming the historic ceiling again, high …

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Lots Of Strand Activity This Year….Are Sellers Cashing In? 7 Day Market Update – Hermosa Beach

8/28/2020

4 New Active

6 In Escrow 

5 Closed Sales 

(see properties below)

57 Active Listings in Hermosa Beach

SFR- 33

TWNHS- 20

CONDOS- 3

Actives by Hermosa Areas:

Sand Section: 36 Active listings 

Valley Section: 5 Active listings 

East Hermosa: 16 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This is a market …

Read the full article →

More Selling Than Coming To The Market. 7 Day Market Update – Hermosa Beach

78 properties in Hermosa have either gone into escrow or closed sale in the last 60 days. Almost every week, more properties sell than actually hit the market. We currently have only 48 residential properties for sale citywide. That about 20-30% less inventory than usual …

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Where Is This Market Heading? 7 Day Market Update-Hermosa Beach

While inventory is up slightly, interest rates are flickering all over and near all time lows, the stock market has made its way back toward historic levels….people are still buying and selling.

Currently we have 62 Active properties for sale and we’ve had 31 closingsin the …

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WOW…THAT’S A LOT APPRECIATION. 7 Day Market Update – Hermosa Beach

8/7/2020

5 New Active

3 In Escrow 

9 Closed Sales 

(see properties below)

58 Active Listings in Hermosa Beach

SFR- 34

TWNHS- 19

CONDOS- 4

Actives by Hermosa Areas:

Sand Section: 42 Active listings 

Valley Section: 5 Active listings 

East Hermosa: 11 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This is a market …

Read the full article →

Inventory Is Still The Driver 7 Day Market Update -Hermosa Beach

Inventory is still low! Properties are selling faster than new inventory is coming to the market. It is rare, even historic to see property inventory levels this low. As you take a look at the activity over the previous 5 weeks (see below), you …

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Inventory Is At A Historical Low. 7 Day Market Update – Hermosa Beach

HERMOSA HAS THE LOWEST INVENTORY IN HISTORY!

7/24/2020

6 New Active

6 In Escrow 

6 Closed Sales 

(see properties below)

51 Active Listings in Hermosa Beach

SFR- 30

TWNHS- 16

CONDOS- 2

Actives by Hermosa Areas:

Sand Section: 40 Active listings 

Valley Section: 5 Active listings 

East Hermosa: 6 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email …

Read the full article →

Inventory Is Still Driving The Market. 7 Day Market Update – Hermosa Beach

Inventory is still driving the market nationally and here in Hermosa. We have 55 Active properties for sale and 36 in Escrow. That equals 1.5 months of inventory available for buyers (55 divided by 36), which is historically very tight, and gives sellers an extra advantage. 

7/17/2020

4 New …

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8 New Escrows…Less Than 2 Months Of Inventory. 7 Day Market Update – Hermosa Beach

We have 8 new escrows this week. With a total of 37 properties in escrow citywide and 59 active properties for sale, we have 1.6 months of inventory available. That is very low. If inventory remains this low, the market will favor sellers and create …

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We Are Outpacing 2019 In Sales!! 7 Day Market Update – Hermosa Beach

The market is very busy. We currently have 33 properties in escrow here in Hermosa and 57 active properties for sale. That is less than 2 months of inventory (low). Year-to-date, we have had 86 closed sales, 4 sales ahead of last year’s 82. Even …

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Has Covid Affected Our Property Sales??? 7 Day Market Update – Hermosa Beach

Amazing…our year-to-date sales are actually up from last year, even after almost 3 months of the “Stay At Home” lockdown, the challenges in showing real estate & holding open houses, and market uncertainty. We have had 82 closed sales this year in Hermosa Beach, …

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We Have Had A Post “Stay At Home Order” Market Surge! 7 Day Market Update – Hermosa Beach

6/19/2020

5 New Active

5 In Escrow 

5 Closed Sales 

(see properties below)

55 Active Listings in Hermosa Beach

SFR- 32

TWNHS- 14

CONDOS- 5

Actives by Hermosa Areas:

Sand Section: 38 Active listings 

Valley Section: 8 Active listings 

East Hermosa: 10 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

This …

Read the full article →

Spring/Summer Activity….In Motion! 7 Day Property Update – Hermosa Beach

Given the state of affairs so far this year, the market has produced some positive numbers. We only have 2 months of active inventory, however 18 of the 62 active properties are tracking 100+ days on market. 37 of the 62 properties have only been …

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South Bay Home Sales Are On The Rise. 7 Day Market Update – Hermosa Beach

Hermosa has remained steadily active over the last 3 to 4 weeks, with pending (26 in escrow) properties sharply up. Currently, there are 62 active & coming soon properties for sale. In comparing the month of May 2020 vs. 2019, the chart shows the same number …

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Spring Is Here….In The Summer. The Market Is Ramping Up. 7 Day Market Update – Hermosa Beach

Properties have been moving recently, largely due to lower inventory, lower interest rates and several months of pent up demand during Covid-19 season. In Hermosa, we have 4 coming soon properties and 55 properties actively for sale. 

I am hearing rumors of multiple offer and All-Cash …

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Is The Spring Selling Season Starting Right Before Summer? 7 Day Market Update – Hermosa Beach

Market activity has improved over the last 2 to 3 weeks here
in Hermosa. Inventory is still low, however as often the case, there is a
percentage of properties that will collect days on market due to lack of
appeal, price, functionality, etc. Of the 9 pending …

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The Market Is Active This Week In Hermosa…7 Day Market Update – Hermosa Beach

The market is ramping up in activity again. Many have predicted that we will see a delayed Spring selling season once the current restrictions start loosening up….we will see. The beaches are open, the sun is out and the closings are up in numbers. …

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Real Estate Is Opening up…7 Day Market Update – Hermosa Beach

Now that business and the Real Estate industry appears to be opening up, it’s a positive sign to see5 new escrows this week. With only 12 properties currently pending throughout the entire city, 5 escrows in one week represents encouraging activity. It looks like this …

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Another Big Strand Sale during Covid….7 Day Market Update – Hermosa Beach

5/1/2020

5 New Active

1 In Escrow

1 Closed Sales

(see properties
below)

55 Active Listings in
Hermosa Beach

SFR- 25

TWNHS- 17

CONDOS- 3

Actives by Hermosa
Areas:

Sand Section:             33
Active listings

Valley Section:             10
Active listings

East Hermosa:             12
Active listings

CURIOUS
WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread
for more information)

This is a market
snapshot of …

Read the full article →

New listings are coming on the market, but are they moving…7 Day Property Market Update – Hermosa Beach

Properties are still hitting the market and a few have
closed over the last two weeks, however the number of new escrows are way down.
There are 10 properties currently in escrow citywide, however several of them went
into escrow prior to the beginning of the pandemic explosion. …

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What Is Happening In The Market??? 7 Day Market Update – Hermosa Beach

What Is Happening In The Market???

Like most people, you are probably bouncing off the walls
and looking forward to the chaos of the virus to soften and settle down. These
are unique times, like nothing we have ever seen before. It’s hard to tell if our
world is …

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Covid-19 & The Hermosa Market…What Lies Ahead – 7 Day Market Update – Hermosa Beach

Covid-19 & The Hermosa Market…What Lies Ahead

Real Estate showings have slowed down considerably due to the virus and the Stay At Home order. This is evident by the number of new pending sales this week.

NPR posted a small graph today comparing California, New
York and …

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Due to Covid-19, Properties Are Being Put “On Hold” (Hidden Inventory) – Hermosa Beach

Are we going crazy yet? This is a very unique time on the planet, in our country and in our neighborhood. The economy has largely come to a halt and every industry has its own story.

Currently, Real Estate has been affected by the requirement to …

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Corona Virus and The Market Shift – 7 Day Market Update – Hermosa Beach

Corona Virus and The Market Shift

Wow…what an era we are living in! As most of us are captive in our homes, we are asking what is going on with the economy (and more specifically the Real Estate market) and what we should do?C.A.R. (California …

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Where Is The New Inventory Hiding? 7 Day Market Update – Hermosa Beach

WHERE IS THE HIDDEN INVENTORY?

The market is still in motion. Even in this time of turmoil, many sellers still have to sell due to timing, job transfers, economic reasons and so forth. And, with extremely low interest rates, many buyers are actively looking …

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Heavy Activity This Week…Lots Of Uncertainty Coming! 7 Day Market Update – Hermosa Beach

My thoughts are with you and your
family as we experience this turbulent and unprecedented time together.

As we adapt to the current global
situation, please know we will continue to provide these Hermosa property
updates.

As a trusted resource,
we are available to answer any of your real estate …

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Coronavirus…..The Market Symptoms Are Still To Be Determined. 7 Day Market Update and Weekend Open House List – Hermosa Beach

3/13/2020

1 New Active

5 In Escrow

6 Closed Sales

(see properties
below)

43 Active Listings in Hermosa Beach

SFR- 28

TWNHS- 10

CONDOS- 2

Actives by Hermosa
Areas:

Sand Section:             27
Active listings

Valley Section:             4
Active listings

East Hermosa:             11
Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?

We have access to a network of off-market and …

Read the full article →
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