July Home Sales and House Prices in Hermosa Beach

July was a big month for home sales in Hermosa Beach with an impressive 27 homes selling and closing escrow during the month.  The
median “list” price for the homes that sold was $2,100,000 while the median “sold” price was $2,112,500 meaning homes sold over the asking price. The average price per square foot was $1054.85. The highest priced sale of the month was $8,200,000 for 212 The Strand which was a beachfront single family home that had been on the market for a very long time.
View all of the homes for sale in Hermosa Beach

July 2020 Home Sales in Hermosa Beach CA

MLS Type   Address Sold Price $ Per Foot Bed/Bath Sq Feet Year Date
SB20107010 CONDO/A 501 Herondo ST   #40 $1,080,000 $750.52 2/3,0,0,0 1439/A 1987/PUB 7/31/2020
20586614 TWNHS 419 2ND ST   $1,124,000 $752.34 2/2,0,1,0 1494/ 1971 7/17/2020
OC20103833 DPLX/D 215 27th ST   $1,600,000 $854.24 3/2,0,0,0 1873/E 1936/PUB 7/21/2020
SB20070853 TWNHS/D 446 Bayview DR   $2,125,000 $966.35 3/3,0,1,0 2199/A 1998/ASR 7/2/2020
PV20025894 TWNHS/A 900 Manhattan AVE   $2,390,000 $1,029.29 4/3,0,1,0 2322/A 2001/ASR 7/10/2020
SB20128043 SFR/D 2309 Manhattan AVE   $2,800,000 $2,783.30 3/2,0,0,0 1006/A 1917/ASR 7/31/2020
SB20026969 SFR/D 136 Hill ST   $2,895,000 $782.43 6/4,0,0,0 3700/A 1957/ASR 7/15/2020
SB20101813 TWNHS/A 303 10th ST   $3,250,000 $1,331.97 4/3,0,1,0 2440/D 2020/BLD 7/30/2020
SB20073383 SFR/D 12 The Strand    $4,800,000 $1,782.40 3/3,0,1,0 2693/A 1987/ASR 7/23/2020
SB20043270 SFR/D 1921 Power ST   $6,150,000 $1,303.52 6/3,1,1,0 4718/S 1999/ASR 7/24/2020
SB20000113 SFR/D 212 The Strand    $8,200,000 $1,862.37 5/1,4,1,0 4403/B 2019/BLD 7/28/2020
SB20111371 CONDO/A 1600 Ardmore AVE   #203 $665,000 $914.72 1/1,0,0,0 727/A 1970/ASR 7/29/2020
RS20077792 TWNHS/A 501 Herondo ST   #57 $1,080,000 $746.89 3/1,1,1,0 1446/A 1987/ASR 7/23/2020
PW20062897 SFR/D 707 3rd ST   $1,560,000 $1,843.97 2/1,0,0,0 846/A 1941/ASR 7/15/2020
SB20119870 TWNHS/D 638 6th ST   $1,615,000 $773.84 3/3,0,0,0 2087/AP 1989/APP 7/30/2020
SB20100175 SFR/D 728 Longfellow AVE   $2,353,000 $1,161.98 4/3,1,0,0 2025/B 1965/ASR 7/20/2020
SB20078305 SFR/D 667 Longfellow AVE   $2,455,000 $1,223.22 3/2,0,0,1 2007/A 1998/ASR 7/7/2020
20578834 SFR 710 8TH PL   $2,600,000 $735.50 4/2,1,1,0 3535/A 2004/APP 7/14/2020
SB20097498 TWNHS/A 831 6th ST   #1 $949,000 $900.38 2/1,0,1,0 1054/A 1983/ASR 7/10/2020
SB20082752 TWNHS/A 926 1st ST   #4 $1,005,000 $853.14 2/2,0,1,0 1178/A 1986/ASR 7/17/2020
SB20027392 DPLX/D 1010 8th ST   $1,267,500 $1,081.48 2/2,0,0,0 1172/A 1955/PUB 7/21/2020
OC19110004 SFR/D 1011 2nd ST   $1,350,000 $679.42 4/2,0,0,0 1987/A 1977/ASR 7/31/2020
SB20102042 SFR/D 1245 8th ST   $1,399,000 $741.00 3/2,0,0,0 1888/A 1984/PUB 7/9/2020
PW20026303 SFR/D 2031 Hillcrest DR   $1,887,500 $776.75 3/4,0,0,0 2430/A 1985/PUB 7/15/2020
SB20106766 TWNHS/D 952 15th ST   $2,100,000 $722.39 4/3,0,1,0 2907/A 2001/ASR 7/7/2020
SB20039449 SFR/D 822 9th ST   $2,500,000 $657.89 5/4,0,0,0 3800/E 2020/BLD 7/16/2020
SB20059899 TWNHS/A 940 15th ST   $2,650,000 $828.12 4/4,0,0,0 3200/A 2017/ASR 7/29/2020
SB19264836 SFR/D 1037 2nd ST   $2,750,000 $696.38 4/3,0,1,0 3949/B 2019/BLD 7/8/2020

Hermosa Beach Real Estate – Market Trends

Hermosa Beach had a really solid July with 27 closed sales during the month which is a very big number for a very small town.  That’s almost double the norm and compared with the 13, 10 and 18 home sales over the previous 3 months you can get an idea as to how busy it was.  What’s equally impressive was the 28 homes that went into escrow during the month as well meaning August should be equally impressive.  Click here to view the homes that sold in Hermosa Beach during July 2020.

View the current homes for sale in Hermosa Beach

 

After 1,064 Days on Market 212 The Strand is In Escrow

While the number of days on market is definitely misleading, there’s no question that the beachfront home at 212 The Strand has been on the market for a while. 1,064 days on the market to be precise. That has finally changed as this new construction beachfront home in Hermosa is now in escrow. The reason the number is a bit misleading is that the builder/agent listed the home long before it was actually complete and was listed at a very optimistic $11,900,000 price at the time. It’s been through a number of price reductions, which seems to be the norm on the very slow beachfront luxury market, to it’s most recent price of $8,999,999. The home offers 5 Beds, 5.5 Baths, approximately 4,403 sqft on a 2,374 sqft lot. We’re not aware of the sales price so we’ll update that once sales info is released after close of escrow.  View all of the current beachfront homes and properties for sale on the Hermosa Beach Strand as well as the current homes for sale in the sand section.

212 The Strand, Hermosa Beach

How Does The Hermosa Beach Real Estate Market Stack Up in June?

June 2020 saw a nice uptick in real estate sales with almost double the number of sales compared with May. Unlike most South Bay cities June was not the highest number of sales for the year but it wasn’t far off.

The chart below shows the number of active homes for sale in Hermosa Beach (light green) the number of sold homes in Hermosa Beach (dark green) and the number of pending home sales (red bar)

Hermosa Beach Home Sales and Property Prices for June 2020

June was a solid month for home sales in Hermosa Beach after the slow down in April and May caused by the uncertainties of the coronavirus pandemic.  There were 18 home sales during the month which was up from 10 in May.  The median “list” price was $2,000,000 while the median “sold” price was $1,937,500. The average price per foot was $1171.31 and average days on market was 46. The home that most drove median prices up was a classic California beachfront property at 3033 The Strand which closed at $12,000,000View all of the updated real estate trends and statistics for Hermosa Beach

View the current homes for sale in Hermosa Beach California

June 2020 Home Sales in Hermosa Beach

MLS # Type   Addres Price $ Per Foot Bed/Bath Sq Feet Year
SB20073952 SFR/D 1505 Loma DR   $1,070,000 $877.05 2/2,0,0,0 1220/A 1923/ASR
20576896 TWNHS 501 Herondo ST   #9 $1,075,000 $747.05 2/2,0,1,0 1439/ 1987/ASR
SB20063247 SFR/D 865 Loma DR   $1,340,000 $1,791.44 2/1,0,0,0 748/A 1922/ASR
SB20027398 TWNHS/A 226 Manhattan AVE   $1,395,000 $751.62 2/1,1,1,0 1856/A 1992/ASR
SB20080703 TWNHS/D 442 Bayview AVE   $1,687,000 $1,096.17 3/2,0,1,0 1539/S 1980/ASR
SB20078068 TWNHS/A 1007 Monterey BLVD   $2,050,000 $1,086.38 3/4,0,0,0 1887/A 1998/ASR
SB20102051 TWNHS/A 305 10th ST   $2,900,000 $1,220.03 4/3,0,1,0 2377/B 2020/BLD
SB20095687 TWNHS/A 1705 Bayview DR   $3,199,000 $1,028.29 4/2,2,1,0 3111/B 2019/BLD
SB20093776 SFR/D 3112 Hermosa AVE   $4,100,000 $1,906.98 3/3,0,0,0 2150/A 1935/ASR
SB20065803 SFR/D 2440 Silverstrand AVE   $5,620,000 $1,240.34 5/3,1,2,0 4531/E 2020/BLD
NP20021820 SFR/D 3033 The Strand    $12,000,000 $2,965.89 6/5,0,2,1 4046/A 1932/ASR
SB20067444 TWNHS/A 540 1st ST   #1 $1,180,000 $781.97 3/3,0,0,0 1509/A 1991/ASR
SB20095415 SFR/D 663 longfellow AVE   $2,400,000 $935.67 3/2,0,1,0 2565/A 1986/ASR
SB20086016 CONDO/A 2411 Prospect AVE   #117 $675,000 $717.32 2/1,1,0,0 941/A 1972/ASR
SB20070712 SFR/D 1829 Hillcrest DR   $1,810,000 $800.53 3/3,0,0,0 2261/A 1972/ASR
SB20063738 SFR/D 1563 Golden AVE   $1,825,000 $1,258.62 3/2,1,0,0 1450/A 1940/ASR
8.2E+08 SFR/D 541 Gravely CT   $2,500,168 $988.60 4/3,0,1,0 2529/ 2020/BLD
SB20005641 TWNHS/D 946 8th ST   $2,670,000 $889.70 4/3,0,1,0 3001/B 2019/BLD

 

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