Big Sale On the Strand – 3033 Strand Sells for $12,000,000

3004 The Strand in Hermosa Beach was one exception to a very saturated and very slow beachfront market.  It recently closed escrow at a number well below the list price, which certainly may be one reason it sold relatively quickly compared with the rest of the market.  3033 was a classic beach house much larger than most original beach  bungalows on the Strand.   It was listed at $14,800,000 and closed at $12,000,000.

View all of the homes for sale on the Manhattan and Hermosa Strand.

3033 The Strand, Hermosa Beach

Hermosa Beach May Market Report – Real Estate At A Glance

While the number of homes that sold was certainly down in May from the year earlier, the home prices most definitely didn’t take a hit.  There were only 10 homes, townhomes and condos sold during the month with a fairly incredible median sales price of $2,608,000 which was just slightly below the median home price in Manhattan Beach of $2,642,000.  The average days on market was a brief 26 and price per foot was $1,095.

View all of the current homes, houses and townhomes for sale in Hermosa Beach CA

May 2020 Real Estate Update – Hermosa Beach House Sales and Home Prices

Hermosa Beach Real Estate Market Update - May 2020

May was a slower but steady month for real estate in Hermosa Beach with 10 on market home sales.  While the number of home sales was slower the rest of the numbers were impressive.  The median list price was $2,049,500 with the median price of the homes that sold was $1,925,000.  The average price per foot was over $1000 a foot at $1085.97.  Average days on market was 27 and the median number of days on market for sold homes was a fairly amazing 6.

May 2020 Home Sales and house prices in Hermosa Beach

 

MLS#
Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Sold Date
SB20030796
CONDO/A
7272nd ST   #101
$430,000
$1,048.78
0/0,0,1,0
410/A
2007/ASR
5/11/2020
SB20091970
SFR/D
1515Monterey BLVD  
$1,340,000
$1,509.01
2/1,0,0,0
888/A
1930/ASR
5/15/2020
SB20027671
SFR/D
2818Hermosa AVE  
$4,400,000
$1,274.99
4/3,0,1,0
3451/A
1982/ASR
5/11/2020
SB20050633
SFR/D
1601Manhattan AVE  
$4,975,000
$1,421.43
4/4,0,1,0
3500/B
2020/BLD
5/5/2020
SB20082220
SFR/D
12530th ST  
$5,800,000
$1,767.22
4/4,0,1,0
3282/D
2020/BLD
5/8/2020
SB20071504
CONDO/A
1720Ardmore AVE   #325
$645,000
$833.33
1/1,0,0,0
774/A
1970/ASR
5/6/2020
SB20016364
TWNHS/D
619Longfellow Ave   
$2,950,000
$931.48
4/3,0,1,0
3167/B
2020/BLD
5/18/2020
20568958
SFR
124619TH ST  
$1,685,000
$840.40
3/2,0,1,0
2005/A
1986
5/13/2020
20558026
SFR
1326OWOSSO AVE  
$1,750,000
$668.19
4/3,0,0,0
2619/D
1986
5/8/2020
SB20015596
SFR/D
12769th ST  
$2,100,000
$564.82
4/3,0,1,0
3718/A
2013/ASR
5/6/2020

May 2020 is a Neutral market*

Home For Sale in May 2020: 56 units.

Up 3.7% compared to last month
0% compared to last year


Home Closed in May 2020: 10 units.

Down 23.1% compared to last month
Down 16.7% compared to last year


Home Placed under Contract in May 2020: 27 units.

Up 350% compared to last month
Up 50% compared to last year


*Buyer’s market: more than 6 months of inventory based on closed sales
 Seller’s market: less than 3 months of inventory based on closed sales
 Neutral market: 3 – 6 months of inventory based on closed sales

It’s Hard to Believe But There Are Now 8 Beachfront Properties for Sale on the Strand

With a current median list price of over $11,000,000,  it’s not hard to see why beachfront homes on the Strand in Hermosa Beach don’t always tend to take a while to sell.  What’s amazing is that in years past there were long stretches with no homes for sale on the Strand. It’s fairly unheard of that we now have 8 homes for sale along the beachfront strip in this high end coastal community.   Take a look below at the beachfront homes for sale in Hermosa Beach as of 5/25/20.