Homes in Hermon Neighborhood of Los Angeles 90042 Market Report

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Industry Observer CalBRE #01165532
https://activerain.com/droplet/4Tyd

Homes in Hermon Neighborhood of

Los Angeles 90042 Market Report

 

Los Angeles 90042 HermonThis is a real estate market activity report of homes for sale in the Hermon area within the city of Los Angeles zip code 90042.   I will share a recap of homes for sale along with closed real estate activity in the first six months of 2016 with a recap of full year sales for the previous two years.  Statistical information in this update has been gathered from our local multiple listing service(mls) and may not include all transactions in the neighborhood.

 

Historic Hermon In Los AngelesHermon is a neighborhood in the foothills of Northeast Los Angeles (NELA) located just east of the Arroyo Seco Parkway(110) adjacent to the city of South Pasadena about six miles north of Downtown Los Angeles and convenient to the USC Health Science Campus.  The historic community dates back to 1903 yet is often included as a part of Highland Park or the planned hilltop community of condos and townhomes in Monterey Hills which it shares zip code 90042.   Many of the homes offer views.  

 

Convenient but with a secluded feeling, Hermon is definitely under the radar when it comes to awareness which seems just fine with its residents who seem to enjoy the self-proclaimed funky and quirky lifestyle.   There are a combination of turn of the 20th century homes which range from small and vintage to thoughtfully renovated.  The Oak Hill Estates area has multi-level homes built in 2004 and 2005.  There is quite a bit of renovation occurring in Hermon as well as signs of new construction too. Add Homes For Sale in Historic Hermonsome 1950s and 1960s era ranch style residences into the mix and you get a good idea of homes you can find here.   This is typically not a high turnover area.  

 

 

The community features a small shopping area along with Hermon Park with its tennis courts, expansive green areas and off-leash dog park and the adjacent Ernest E Debs Regional Park and Audubon Center.   

 


Locals are proud of the small businesses in the area including civic-minded concerns such as Fresco Community Market where giving back to the community is an important part of the business philosophy.  A recent fire in the northwest section of the small shopping center shuttered a few of the businesses but promises to rebuild are hopefully true. Residents are likely to travel to nearby Hermon Homes For SaleHighland Park, South Pasadena or Pasadena for most shopping, dining and entertainment venues.   So if you are looking for a location that is convenient yet with a secluded feeling, Hermon may be the ideal fit.  In addition, to the previously mentioned Arroyo Seco Parkway(110), Hermon offers easy access to multiple other freeways and two Gold Line light rail stations.

 

  • There are currently seven homes in Hermon offered for sale. They range from $429,000 to $889,900 with two additional homes in escrow.  Five of the homes have been on the market two weeks or less.   

 

  • From January through June 2016, there have been five mls-reported closed transactions.  These sales range from $470,000 to $975,000 with an average sales price of $711,000(median sales price $705,000).  Four sold for more than the last list price for an average of 104.99%.  The average price per square foot for the period was 462.39.  

 

  • In full year 2015, there were 19 mls-reported sales ranging from $385,000 to $920,000 with an average sales price of $588,237(median sales price $550,000).  They sold at 98.82% of last list price and for an average price per square foot of $432.58.    

 

  • In 2014, there 23 transactions for the year.  Those sales ranged from $255,000 to $1,125,000 with an average sales price of $592,213(median $532,500).  They sold at 100.46% of last list price and for $442.29 per square foot.

 

 

Oak Hill Estates in Hermon

 

 

 

Due to the variety of homes available in Hermon, there are many factors that will be necessary in order for a prospective buyer to

craft an appropriate offer or for a seller to establish the best possible listing price.   Year built, size of home and lot, view, Oak Hill Estatescondition, upgrades or lack thereof as well as location within the neighborhood all come into play.   

 

I love to introduce people to the under-the-radar neighborhoods or the type of homes in our market where I think there will be a good match. With the information I gain through our discussions combined with the element of compromise, you will have an honest and informed overview of today’s local real estate market.   

 

If you would like to talk about what is important to you regarding real estate in Hermon or any Northeast Los Angeles(NELA) neighborhood contact me at 818.516.4393 cell.   

 

Published:  July 25, 2016



 

 

 

Homes in Hermon Neighborhood of

Los Angeles 90042 Market Report

 

Posted by

Michael Jacobs

 

CalBRE # 01165532

2065 Huntington Drive

P. O. Box 587

Pasadena, CA 91102

Call/Text:  818.516.4393

mtj916@gmail.com

 

 

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Rainmaker
4,797,120
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Michael. The Hermon neighborhood of Los Angeles looks like an awesome community.  Thanks for the market update.

Jul 24, 2016 09:29 PM #1
Rainmaker
1,202,750
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Michael Jacobs -  Great update for the Hermon Neighborhood.  The last picture reminds me of a modern take on the old Spanish style homes in the San Marino area. I will bet that most of those homes are well into the 7 figures now.

Jul 24, 2016 09:41 PM #2
Rainmaker
3,160,027
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Well done Michael. Great way to capture the surroundings of the Hermon neighborhood of Los Angeles.

 

Jul 24, 2016 10:59 PM #3
Rainmaker
2,519,951
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The homes in Hemon look wonderful and with views, I am certain that this is a desirable area to live!

Jul 24, 2016 11:52 PM #4
Rainmaker
1,496,282
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Michael, I like everything about this neighborhood. Hermon in Los Angeles is a great place to call home. Buyers and sellers would benefit from working with you as their Realtor®, your knowledge of the area as well as the real estate market is very impressive. Have a productive, happy Monday!

Jul 25, 2016 12:01 AM #5
Rainmaker
4,408,568
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Michael,

As usual you write the most appealing reports on your marketplace and Hermon is no exception.  I am glad that there are some homes for you to sell in this area. Have a great week.  A

Jul 25, 2016 12:31 AM #6
Rainmaker
2,783,205
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Michael,  You know all neighborhoods so well ... that makes you the perfect match-maker - matching people to homes in neighborhoods you believe they would like. And you know about the under the radar neighborhoods.

Jul 25, 2016 02:05 AM #7
Ambassador
2,771,048
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Michael - Interested buyers should take note of those available listings and contact you immediately for expert assistance in making their search a successful one.

Jul 25, 2016 02:36 AM #8
Rainmaker
1,520,892
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Michael, homes in the Hermon neighborhood look so appealing, I can see why it's such a popular area to call home. Your expertise shines as always and you're the agent to contact when it's time to buy or sell in Los Angeles.

Jul 25, 2016 05:51 AM #9
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much for stopping by and your comments on this market update for homes in the Hermon area of Los Angeles.

Sheri Sperry - MCNE -- the average/median price for homes in the city of San Marino is now in excess of $2,000,000 -- needless to say the photo you mentioned is in Oak Hill Estates area in the community of Hermon and prices are substantially less(under $1,000,000 currently).

Jul 25, 2016 08:41 AM #10
Ambassador
3,843,091
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Michael- I am always amazed at your thoroughness with your market updates, and this one is no exception.  

Jul 25, 2016 10:28 AM #11
Ambassador
1,769,785
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Michael, excellent reporting on homes in Hermon Neighborhood of Los Angeles 90042. What a nice are to live in.

Jul 25, 2016 01:08 PM #12
Rainmaker
3,239,603
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Not a high turnover area tells me that you need an experienced Realtor like Michael Jacobs  to find the house you will call home in the Hermon neighborhood.

Jul 25, 2016 01:53 PM #13
Ambassador
3,081,767
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I had never heard of the Hermon area within the city of Los Angeles however now you have peaked my interest. Looks like I know who to call with any questions Michael Jacobs!  

Jul 25, 2016 11:15 PM #14
Rainmaker
3,307,632
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Thanks very much to each of you who stopped by and commented on this market update for "quirky" Hermon in Los Angeles.  

Jul 31, 2016 04:15 AM #15
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Michael Jacobs

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