The LA Weekly recently posted a new blog article about L.A.’s ten most expensive zip codes right now.
Hermosa Beach (median home price $1,380,000) and Manhattan Beach (median home price is $1,887,500) both made the list. This data is from ZipRealty, who conducted a recent survey. So, if you’ve been worried that your Hermosa Beach or Manhattan Beach property may not be worth as much as hoped, you’re wrong. It is. It’s worth a lot right now. In fact, this may be the home value recovery you’ve been waiting for and just the information you needed to decide that now is the time to sell your property.
Take a look at this chart showing the home value increase in Hermosa Beach and Manhattan Beach over the last three years; you’ll see a definite home value increase despite minor hills and valleys. The beach cities are definitely on their way up: