The prices in real estate in Hermosa Beach, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Hermosa Beach has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $1,330. In the following month the price per sq.feet decreased to $1,220. The price for the following two months in (May, June) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has decreased 92 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,077.75 to $991 during July, and August.
Based upon to the price in Hermosa Beach (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $2,563,878. In April This price remains at $2,453,364. During the following two months (May, June) the average price had a considerable reduction of 73 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $2,174,358 and $2,172,368 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,174,019 they are 69 % more affordable than the average price for Hermosa Beach. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,728,619.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $870 / sq.feet, with an average $990 / sq.feet price in Hermosa Beach. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,108 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,174,019 it is 22 % cheaper than the average price in Hermosa Beach. "Triplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Duplex". At a price of $2,301,991 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $852 / sq.feet followed by "Triplex" priced at $1,130 / sq.feet. "Condo" is the most costly type of property with a $9,941 / sq.feet cost followed by "Duplex" with an average price of $1,136 / sq.feet.