Hermosa Beach Valley Home Sales in 2009 The Hermosa Beach Valley area has done particularly well from a real estate standpoint over the course of this past decade. Median sales prices have doubled over this period. However, like every other sub-area in the South Bay, the number of single family homes sold and the median sales prices both took a big hit after the credit market crash of 2007. The good news for Hermosa Valley is that the number of sales have rebounded and were higher in 2009. The same cannot be said for prices. The median sales price this last year was off over 11 percent from the prior year. What is interesting, however, is that the peak median sales price for this area was $1.38 M in 2005…and again in 2008. With this perspective in mind, Hermosa Valley has a strong...
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