Since the beginning of the year, the real estate market in Hermosa Beach has been incredibly active with very low levels of home inventory. This has greatly impacted the foreclosure market with almost no active foreclosure listings on the market. In the past few weeks we have seen a slight increase with an average of 5 distressed homes on the market and that has held fairly steady throughout April and into May. Currently there are 5 distressed homes for sale in Hermosa Beach with 3 bank owned properties, known as REO listings, and 2 short sale listings.
Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.