Hello Inventory…Are You Out There Somewhere??? 7 Day Market Update and Weekend Open House List – Hermosa Beach


Happy St. Patrick’s Day!
Well…we haven’t seen a flood of inventory so far this year. We have 41 properties currently for sale here in Hermosa Beach and 12 pending under contract. The number of closings is down about 25-30% this year so far compared to last year (Jan. 1-March 15th; 2016-38, 2017-29). This is good for the sellers that are raising their hand and slightly challenging for the buyers looking to call Hermosa home. With nearly 6500 residences in Hermosa(and close to 20,000 residents), 41 active listings equals about .6 of 1 percent of the potential market currently for sale. Hello inventory…are you out there somewhere?

3/17/17
2 New Listings
5 In Escrow
1 Closed Sales
(see properties below)

41 Active Listings in Hermosa Beach
SFR- 24
TWNHS- 11
CONDOS- 3

Actives by Hermosa Areas:
Sand Section: 21 Active listings
Valley Section: 9 Active listings
East Hermosa: 9 Active listings

This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
2805 Tennyson Place Listed for $22,500,000 6 bed/8 bath

This home sits on an over 20K sq foot lot, with big ocean views off in the distance and an in ground swimming pool. There are very few properties with that size lot this close to the beach. This pocket is the Beverly Hills of Hermosa Beach. 2805 Tennyson last sold in 2009 for $5M. The largest Hermosa sale was 1942 The Strand for $15,000,000 (it was a double lot that has since been torn down).

1401 Corona St Listed for $1,200,000 2 bed/1 bath

This single family home is located east of PCH. It will likely be sold for the land itself (3960 sq. foot lot). This bungalow last sold in 1987 for $185K.

IN ESCROW
1600 Ardmore #319 Listed for $619,800 2 bed/1 bath

This home quickly went into escrow after only 5 days on the market. This condo is part of a 100-unit complex located on the west side of PCH facing the greenbelt. #319 last sold in 2008 for $430K.

1201 20th Pl Listed for $998,000 2 bed/1 bath

3 days! This single family home is a great little beach bungalow cottage just south of Artesia and west of Redondo. It last sold in 2000 for $369K.

609 Longfellow Listed for $2,495,000 4 bed/3.5 bath

This unit is on the Longfellow side of the 610 Boundary detached townhomes. They all have a similar layout, 4 beds & 3.5 baths and a similar price tag.

1040 8th St Listed for $1,995,000 4 bed/3.5 bath

This detached townhome was built in 2000 and has some ocean views off in the distance. It last sold in 2013 for $1,460,000.

160 Hermosa Ave Listed for $1,350,000 2 bed/2 bath

After a $45K price drop and less then a month on the market, this one is in escrow. 160 Hermosa Avenue is located in a 5-unit complex a few steps from the sand. It last sold in 2007 for $908K. The most recent sale in this complex was 164 Hermosa Ave in 2012, for $700K.

CLOSED
322 Manhattan Ave Sold for $4,800,000 4 bed/4.5 bath

THAT’S A HUGE # for south Hermosa. This brand new single family home with big ocean views has a new owner. The lot was purchased in 2015 for $1.3M. This is one happy seller!!!!

2 New Listings (click to see)
5 In Escrow (click to see)
1 Closed Sales (click to see)

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.

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