Most luxury markets are fully recovered from the real estate crash of 2008. Many neighborhood are selling far above 2007’s peak prices. A few markets in the South Bay of Los Angeles are still in recovery mode. Hermosa Beach, as most of the South Bay, remains in a long-running sellers’ market.
With interest rates promised to rise in the coming months, now is an excellent time for buyers to take advantage of a softening in the luxury segment of the local real estate market.
If you’re in the market to purchase a luxury home in any of the Beach Cities of the South Bay of Los Angeles the holiday season is an excellent time to go home shopping!
Hermosa Beach, California luxury listings and sales market update for November 2015:
Three Hermosa Beach luxury residences priced at or above $3,000,000 sold during October 2015.
Four Hermosa Beach luxury properties are currently for sale in the $3,000,000 and up price range.
There are currently no Hermosa Beach luxury homes in the $3M+ price range in escrow.
For help in finding your new luxury residence in Hermosa Beach contact Norma Toering 310.493.8333 or Josh Toering 310.525.9440 or you may email us at ToeringandTeam@gmail.com
Luxury Homes for Sale in Hermosa Beach:
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