The ups and downs of the foreclosure market in Hemosa Beach appears to have leveled off with an average of 4 short sales or bank owned homes on the market. While nearby Manhattan Beach real estate has seen any supply of distressed homes dry up, Hermosa Beach, due most likely to a greater percentage of townhome and condo type propeties is still seeing the addition of new foreclosure properties on a fairly consistant basis. Of the 5 current foreclosures, 3 are bank owned homes or REOs and 2 are short sales. Only 1 of the homes is a single family home with the others either being townhomes or condominiums. Read our thoughts as to why the condo market makes up the majority of short sales and bank owned homes in Hermosa Beach.
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.
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