Where’s the inventory? Only 1 new listing this week. 7 Day Market Update and Weekend Open House list – Hermosa Beach


6/22/17
1 New
6 In Escrow
4 Closed Sales
(see properties below)

53 Active Listings in Hermosa Beach
SFR- 39
TWNHS- 11
CONDOS- 1

Actives by Hermosa Areas:
Sand Section: 32 Active listings
Valley Section: 6 Active listings
East Hermosa: 15 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
2722 Hermosa Ave Listed for $4,999,000 4 bed/2 bath

This is a single family home located in northern Hermosa, on the best part of Hermosa Avenue. . It recently sold in 2015 for $3,959,000.

IN ESCROW
2440 Silverstrand Listed for $1,650,000 2 bed/2 bath

I’m not surprised this one sold right away since it was price considerably under market value. 2440 Silverstrand is a duplex with potential for nice ocean views if built up. This is a rare property since not many come available on this street.

1217 11th Pl Listed for $999,900 3 bed/2 bath

1217 11th is tucked away in east Hermosa just south of Aviation. It’s the only single family that has been priced under $1 Million in Hermosa so far this year.

1325 Corona Listed for $1,285,000 4 bed/2 bath

2 weeks and it’s in escrow. 1325 Corona is a single family home in the Hermosa Hill section. It has potential ocean views if a second story is added. This property was last purchased in 2002 for $450K.

611 9th St #1 Listed for $1,595,000 3 bed/3 bath

611 9th is a 3 on a lot, attached townhome, east of the green belt and Cypress Park. This home last sold in 2012 for $1,085,000.

1124 8th St Listed for $2,195,000 5 bed/4 bath

After 1 ½ months, this one is in escrow. 1124 8th is a single-family home in the Hermosa Hills section (east of PCH). This property last sold in 2012 for $1,425,000. 1222 7th (a similar property, however new construction-2017) sold this month for $2,177,500.

126 Manhattan Ave Listed for $1,797,000 3 bed/4 bath

After several price reductions and a start price of $1,899,000, this one has a buyer. It’s a detached townhome located two blocks from the beach with ocean views. It last sold in 2013 for $1,335,000. Here are some recent sales comparable to 126 Manhattan and 305 2nd Street.

CLOSED
447 Herondo #206 Sold for $852,500 2 bed/2 bath

That was quick… 9 days. It sold for $13,500 above list price. 447 Herondo is a 30-unit complex, located on the Redondo/Hermosa Border. This unit last sold in 2011 for $475K. Below are last year sales in this complex.

1244 9th Sold for $2,025,000 5 bed/4 bath

After almost 3 months, 1244 9th sold for $150K below the asking price. This property last sold in 1998 for $735K.

733 Beach Dr Sold for $4,750,000 4 bed/3.5 bath

Sold for $49K below initialing asking price! This home was originally on the market in October of last year for $4,799,000 and after 2 months, it didn’t sell.

943 1st Sold for $940,000 2 bed/2.5 bath

943 1st sold for $40K above asking price in 6 days. This attached town home is part of a 4-unit community. It has some ocean views and is on the Hermosa-South Redondo border just east of PCH. This property last sold in 2010 for $585,000.

1 New Listings (click to see)
6 In Escrow (click to see)
4 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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