Whether you are looking to buy or sell real estate in the area of Hermosa Beach, California, the fact remains that it is important to be well-informed as to the current state of the market. After all, what is going on in the national real estate market is not always necessarily true in the unique town of Hermosa Beach.
Increase in Home Values
Over the course of the past few years, the area has seen a substantial increase in home values, with the median price reaching a high of $1.34 million in late 2013. Specifically, sale prices in Hermosa Beach have appreciated about 16.4% over the last five years, making this an ideal time to sell. The average price per square foot has also risen substantially, meaning that sellers can get more for their homes regardless of size.
Buying and Selling in Hermosa Beach
If you want assistance when it comes to buying or selling in the area of Hermosa Beach, California, be sure to contact a real estate professional who is familiar with the local market. You can do so by contacting Brighton Escrow today.