A Los Angeles Times analysis of single-family home sales ranks Hermosa Beach among the "hottest ZIP codes" in all of the Los Angeles area.
The Times analysis states that the median price for Hermosa jumped 30.9% year-over-year for single-family residences, with 7% more sales than the year before. The median price per square foot (PPSF) was up a similar 28.6%. According to the Times' story:
"Strong demand, tight inventory, good schools and a view of the Pacific made Hermosa Beach a real estate standout in 2015. The small South Bay town also has something else going for it: It's not Manhattan Beach."
"Wealthy families priced out of increasingly ritzy Manhattan Beach — with its median price of $2.1 million — are looking to the next town over."