Hermosa Beach Real Estate

Prices of Hermosa Beach real estate, as in many areas of sunny California, are on the rise. Kay Thomas, a writer for Realty Times argues that the prices of Hermosa Beach property have risen "dramatically" over the past months. Thomas claims that inventory is low, in other words, there are not many properties for sale and the property within walking distance to the beach is hot and in demand.

In a recent article for Realty Times, Kaye Thomas reported the number of homes and condos that were on the market as of March 7, 2005. In Thomas's report, there were only 14 available condos and 21 available single family homes. The condos ranged from $599,000 for a 2-bedroom, 2-bathm 1185 square feet condo, to $1,134,000 for a 2600 square foot condo with 4-bedrooms and 3 ½ baths.

Single family homes ranged from $649,000 for a 2-bedroom, 1-bath 690 square foot home to $3,399,000 for a 5-bedroom, 5 ½ bath, 4400 square foot single family home.

According to Thomas, townhouses are the \"best buy\" in Hermosa and Thomas also claims that Hermosa is the "best value" among the Beach Cities. There are ocean-view properties in the Hermosa Sand area under $4,000,000. Still, Thomas claims that you can buy a starter home for under $950,000 and a condo for under $650,000.

Thomas claims that the Hermosa lifestyle is \"beach casual,\" with outdoor dining and a "downtown plaza." The town offers two "Fiestas" every year and also enjoys a St. Patrick's Day Parade. Needless to say, Hermosa real estate is likely to remain hot and keep the prices rising.