Here are the April 2008 year-to-date (YTD) real estate market facts for Hermosa Beach:

2008 Sales for Hermosa Beach

• January           2
• February          7
• March              10
• April                 7

2008 Average Days on Market for the South Bay

• January           42
• February          30
• March              61
• April                 68

2008 Pct Sold/List Price

• January           96
• February          97
• March              93
• April                 93

2008 Months of Inventory

• January           21
• February          6.9
• March              4.5
• April                 6.3

2008 Summary YTD for Hermosa Beach (May 1, 2008)

The number of home sales have made an increase since the beginning of the year, though not a consistent one.  Still, with summer fast approaching, sales are expected to increase.

Average days on market have gone up in the past few months, though the sale price vs. list price facts may show some indication as to why this is.  With homes selling for 7% less than the list price in the past 2 months, that may indicate that list prices are too high, slowing down sales.  This is a perfect example as to how improperly priced homes can affect their marketability.

Final supporting material showing that list prices may be off is that months of inventory are not showing a downward trend.  They may be lower than January, but there is no consistent downward trend.

If you are looking to buy or sell a home Hermosa Beach, I would be happy to share additional market information with you.  Please contact me at tiffany.wilson@shorewood.com or 310-503-0557.

Tiffany D. Wilson has lived in the South Bay of Los Angeles County for almost 10 years.  She and her family enjoy the safety and rich family features that the beach communities of the South Bay have to offer, including a close and neighborly community.  Also, having experienced an out-of-country move to California over 10 years ago, she is perfectly positioned to assist foreign buyers in their search for real estate in the South Bay and additional surrounding communities of Los Angeles and Orange County.  She can be reached directly at 310-503-0557 or tiffany.wilson@shorewood.com.