Hermosa Beach Condo Update - January 2011
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
While the effects of the market slow down and minor rise in interest rates can be felt throughout the Hermosa Beach housing market, the greatest impact has been in the condo market. With very high inventory and a very limited number of buyers, the condo market has been very slow for most of 2010 as even well priced properties have a limited demand. Currently there are 18 condos on the market of which there are 3 shortsales and 2 bank owned properties which is much higher than the avererage on single family homes in Hermosa. There are a very limited number of condo complexes and you can learn more by visiting our Hermosa Beach condo tour. Many of the condos including the 1720 Ardmore The Apple Tree, and the 1600 Ardmore The Commodore are ideally located both near the beach and near...
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