Not Showing Signs of Slowing Down….18 New Active, Pending and Sold This Week! 7 Day Market Update and Weekend Open House List- Hermosa Beach

UPDATE_HEADER
11/4/16
7 New Listings (click to see)
4 In Escrow (click to see)
7 Closed Sales (click to see)

50 Active Listings in Hermosa Beach
SFR- 33
TWNHS- 14
CONDOS- 0

Actives by Hermosa Areas:
Sand Section: 27 Active listings
Valley Section: 8 Active listings
East Hermosa: 15 Active listings
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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
1460 Bayview Listed for $1,799,000 3 bed/3 bath
1460
This is a brand new detached townhome located in the sand section of Hermosa. It is priced at $1332 per sq. foot. Next door, 1503 Bayview is currently in escrow with a listing price of $1,999,0000 (however bigger…with 2000 sq. ft., an extra bedroom and half bath). The townhome that will share the land with this one is only in the beginning stages of construction.

1866 Rhodes St Listed for $1,489,000 3 bed/3.25 bath
1866
This single family home is located a small block east of PCH and sits up on the crest of Rhodes, giving it ocean views. This property last sold 20 years ago for $235K.

910 17th St Listed for $2,490,000 3 bed/3.5 bath
1018
This is a new, detached townhome that is part of a 4-unit complex.
Below are the last 2 months of 2016 detached townhomes in the Hermosa east area:
910-ss

716 10th Listed for $1,779,000 4 bed/3.5 bath
716
This 4-unit complex is located only 8 properties east of the greenbelt and just west of PCH across from the mobile home park. The complex was built in 2005 and 716 10th last sold in 2013 for $1,351,000.
Below is the history of sales for the other 3 units.
716
1018 17th Listed for $1,999,000 4 bed/3.5 bath
1018
Just up the street from 910 17th (another new active listing), this detached townhome was built in 2005 and sold 2 years ago for $1,627,000.

530 25th Listed for $1,925,000 3 bed/3 bath
530
Another detached townhome on the market! This one is located in the Hermosa valley area just south of Valley Park. This home sold in 2008 for $1,125,000.

17 3rd Listed for $4,798,000 5 bed/5.5 bath
17-3rd
This single family home is located on the walkstreet, one home in from the strand. It has big ocean and sand views…and a huge rooftop deck. This property sold 10 years ago for $3.9M.

IN ESCROW
594 1st St Listed for $1,399,999 3 bed/4 bath
594
After 2 months…this one has a buyer. This townhome last sold in 2010 for $979K. It is located on the Hermosa/Redondo Border. The unit at 598 1st sold for $1,410,000 this summer and 596 1st sold last year for $1,275,000.

447 Herondo #105 Listed for $899,000 2 bed/2 bath
447
This is a 30-unit complex located on Herondo, which is the borderline for Hermosa and South Redondo. This year, there have been 2 other sales in this complex (see below). This property last sold in 2003 for $535,000.
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1707 PCH #507 Listed for $499,000 1 bed/1 bath
1707
After 5 weeks on the market, this condo has a buyer. It is part of a 73-unit complex located on the west side of PCH. This condo last sold in 2005 for $163,500. The last few 1 bed/1 bath sales in this complex have all been in the $400K range.
1707-similiar
820 9th St Listed for $1,200,000 3 bed/1 bath
820
That was quick! This one sold right away with multiple offers. Our guess is that it likely sold for $200K over the asking price. This single-family home is located 1 house east of PCH and is being sold with adjacent commercial lot, making it an over 8000 sq. foot combined lot.

CLOSED
705 30th Sold for $1,519,000 2 bed/2.5 bath
705
This is a single-family home that has been recently remodeled. It sits west of PCH and has some ocean views. The home last sold in 1985 for $128,500.

322 11th St Sold for $1,375,000 2 bed/1 bath
322
Over 3 months and $120K below the asking price…it’s sold. This is a small single-family home on an oversized half-lot.

432 Ocean View Sold for $1,449,000 3 bed/3 bath
432
432 is a detached townhome 1 block east of PCH. It last sold in 2002 for $725K. We sold 434 Ocean View (same complex, same interior) at the end of 2014 for $1,150,000. That’s a solid increase for this complex of 4 townhomes.

22 7th Ct Sold for $1,650,000 2 bed/1 bath
22
The home was built in 1913 and was sold with approved architectural plans. This half lot property is located on 7th and Beach Drive, 1 house in from the strand…a prime location! Surprisingly, this lot sold just 4 years ago for $760,000. That’s an $890K increase. Also, another half lot sold last year on 7th court for close to the $1M price range

207 29th Sold for $2,469,125 4 bed/3 bath
207
After only 20 days on the market and a long 2-month escrow, this one sold for $325K below the asking price. 207 29th is a true coastal beach house that combines the flavor of Nantucket, the Cape and the amazing Hermosa Beach character that is slowly dissipating.

1840 Ardmore Ave Sold for $1,785,000 4 bed/4 bath
1840
Almost 4 months and $210K under the initial asking price, this property has a new owner. It’s a single family home located along the greenbelt trail a few blocks north of Pier Avenue. It last sold in 1977 for $85K.

844 1st Sold for $810,000 2 bed/2.5 bath
844
This is an upgraded townhome located in a 14-unit complex, a half block from PCH. After three weeks and for $21K above the initial asking price…this property has closed escrow.

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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