July 2022 Hermosa Beach Home Sales and Average Prices

July 2022 Home sales in hermosa beach CA

see all of the hermosa homes that sold last month

It was a very slower month for closed home sales in the coastal community of Hermosa Beach with 14 closed sales in July of 2022 compared with 20 sold homes in June.

The average “list” price was $2,827,500 with the average sold price at $2,795,845 meaning that, in general, homes sold below the list price.

The average price per foot was $1291 and homes averaged 15 days on market before going into escrow.

The highest priced home sale of the month was former LA Dodger AJ Pollock’s home at 1947 Valley Park that was listed at $7.0M and closed at  closed at $6,300,000.

See how July 2022 compared with other months on our Hermosa Beach real estate market trends and statistics page.

Search the current homes for sale in Hermosa

July 2022 Property Sales and Home Prices in Hermosa Beach

Type AddressPrice$ Per FootBed/BathSq FeetYear
TWNHS/A160Bayview DR$1,729,000$1,1173/2,0,0,01548/A1979/ASR
TWNHS/D803Loma DR$2,115,300$1,1853/3,0,0,01785/A1988/ASR
DPLX/D124Lyndon Street$2,400,000$1,1444/3,1,0,02098/A1961/ASR
CONDO446BAYVIEW DR #2$2,750,000$1,2513/2,1,1,02199/1998
TWNHS/D732Loma DR$3,250,000$1,4713/2,1,1,02210/A2013/ASR
SFR1637MONTEREY BLVD$3,449,000$1,6423/1,1,1,02100/OTH1963
TWNHS/D726Loma DR$3,483,536$1,5763/2,1,1,02210/A2013/ASR
SFR/D33230th ST$5,300,000$1,3764/4,0,1,03852/A2011/PUB
SFR/D1947Valley Park AVE$6,300,000$1,3985/2,2,1,04508/B2021/ASR
SFR/D7052nd ST$1,950,000$1,6253/2,0,0,01200/A1922/ASR
TWNHS/D6696th ST$2,100,000$1,2543/3,0,0,01674/T1997/ASR
CONDO/D6534th ST #2$2,270,000$9163/2,1,0,02477/A1983/ASR
CONDO/A2411Prospect AVE #109$645,000$1,0141/1,0,0,0636/A1972/ASR
SFR/D10708th place$1,400,000$1,1122/2,0,0,01259/P1953/PUB

The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This report is based on data pulled from CRMLS on 6/18/22

Disclosures – What Sellers Must Tell A Buyers

Disclosures – What South Bay Sellers Must Tell A Buyer About Their Home

Under California Law, the Seller must disclose all known facts about their home so you are fully aware of the condition of the home. Within 7

 

days (or date negotiated in purchase agreement) from acceptance of the contract, the Seller must deliver the following information for you to review and approve before proceeding with your purchase:

1. Transfer Disclosure Statement (TDS)
The Seller must reveal any information that would be important to the Buyer regarding condition of the property, and states that – to the Seller’s knowledge – everything pertinent has been disclosed.

2. Natural Hazards Disclosure (NHD)
The Seller must disclose to Buyers if the property is in any certain officially mapped natural hazard zone: earthquake fault zone, seismic hazard zone, flood hazard area, state-responsibility fire area, area subject to flooding or dam failure, and very high fire hazard severity zone.

3. Condominium/Planned Unit Development Disclosure
The Seller must disclose whether the property is a condominium or is located in a planned unit development or other common interest subdivision.

4. Geological Hazards and Special Studies Zones Report
The Seller must provide a copy of the ‘Homeowner’s Guide to Earthquake Safety’ for any dwelling built prior to 1960 which are of conventional light-frame construction, and any masonry building with wood-frame floors or roofs built before 1975.

5. Mello-Roos Disclosure
The Seller of a property consisting of a one-to-four dwelling unit subject to the lien of a Mello-Roos community facilities district must make a good faith effort to obtain from the district a disclosure notice concerning the special tax and give the notice to the Buyer.

6. Lead-based Paint Disclosure Statement
Applicable only for properties built before 1978. The Seller must disclose all known lead-based paint and lead-based paint hazards in the dwelling and provide the Buyer with any available reports. Sellers must give Buyers a 10-day opportunity to test for lead.

7. Environmental Hazard Disclosure
The Seller must disclose whether they aware of the presence of hazardous substances, materials or products including – but not limited to – asbestos, formaldehyde, radon gas, lead-based paint, fuel or chemical storage tanks, contaminated soil, water, or mold.

8. Smoke Detector Compliance Statement
The Seller must provide the Buyer with a written statement representing that the property is in compliance with Californialaw regarding smoke detectors. The state building code mandates that all existing dwelling units must have a smoke detector installed in a central location outside each sleeping area.

9. Water Heater Statement of Compliance
The Seller must certify, in writing, to the Buyer that all water heaters have been braced, anchored or strapped in accordance with local requirements to resist falling in an earthquake.

10. Preliminary title report
An examination of the public land records to determine the extent to which someone has legal interest in a parcel; a report on the quality of the title that searches for encumbrances and liens or any other items of record that might affect ownership; used as a basis for title insurance.

11. City Building Report
Depending on the city the home is in, the seller may have to provide the buyer with a building report or something equivalent. Ultimately it depends on the city as each is somewhat different.

Hermosa Beach Realtor Keith Kyle Recognized at Top 1.5% of Realtors Nationwide

Realtrends recently compiled their list of the top realtors in the country and in the state for 2021 and Keith Kyle was proud to be recognized as one of the top 1.5% of realtors nationwide.  We thank our wonderful clients for putting their trust in us and helping make this happen.  Thank you to all of you.

 

Hermosa Beach Average Sales Price Tops $3.0M in May!!

The average price of the Hermosa Beach homes that sold in May topped $3,000,000. What a month it was with the average price at $3,034,211 to be exact. There were 19 closed home sales and it didn’t hurt that one of them was a beachfront single family home at 732 The Strand that sold at $8,500,000.

Search the current homes for sale in Hermosa

May 2022 Property Sales and Home Prices in Hermosa Beach

Type Address Price $ Per Sq Ft Bed/Bath Sq Feet Year
CONDO/A 15 15th ST #12 $1,550,000 $1,769.41 2/2,0,0,0 876/A 1969/PUB
CONDO/D 1029 Loma DR $1,900,000 $1,037.12 3/2,0,1,0 1832/A 1988/ASR
SFR/D 29 5th street $2,200,000 $2,182.54 2/2,0,0,0 1008/A 1940/ASR
DPLX/A 718 Hermosa AVE $2,350,000 $1,191.08 3/3,0,0,0 1973/A 1912/ASR
TWNHS/D 541 Monterey BL $2,400,000 $1,317.96 3/2,1,1,0 1821/T 1980/APP
TWNHS 537 11TH ST $2,560,000 $1,279.36 3/2,0,1,0 2001/OTH 2014
SFR/D 231 27th ST $2,560,000 $1,667.75 3/2,0,0,0 1535/A 1935/PUB
SFR/D 1616 Monterey BL $3,050,000 $1,773.26 3/3,0,0,0 1720/A 1949/ASR
SFR/D 339 28th ST $4,900,000 $1,441.60 4/3,0,0,1 3399/A 2006/ASR
SFR/D 732 The Strand $8,500,000 $2,491.21 4/2,1,1,0 3412/A 2008/ASR
TWNHS/A 625 9th ST #3 $2,000,000 $877.58 3/3,0,0,0 2279/A 1989/ASR
SFR/D 2520 Ardmore AVE $2,075,000 $1,533.63 3/1,1,0,0 1353/A 1951/ASR
SFR/D 611 25th ST $2,625,000 $2,318.90 3/2,0,0,0 1132/A 1954/ASR
SFR/D 557 3rd St $3,430,000 $1,459.57 4/3,0,1,0 2350/A 2014/ASR
SFR/D 724 24th Place $6,000,000 $1,333.33 5/4,1,1,0 4500/E 2022/BLD
CONDO/A 839 6th ST #7 $1,425,000 $950.63 2/2,0,1,0 1499/A 1982/PUB
SFR/D 1134 1st PL $2,150,000 $1,229.27 3/1,2,0,0 1749/A 1959/ASR
SFR/D 1246 19th ST $2,300,000 $1,147.13 3/2,0,1,0 2005/A 1986/ASR
SFR/D 925 9th ST $3,675,000 $1,035.79 4/2,1,1,0 3548/A 2000/ASR

The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This report is based on data pulled from CRMLS on 6/18/22

Hermosa Beach Market Recap – May at a Glance

It was a very strong month for closed home sales in the coastal community of Hermosa Beach with 19 closed sales in May of 2022.

The median sales price was $2,400,000.  The average sales price was a very impressive $3,034,211.  In general, homes sold WAY higher than the list price.

The highest priced home sale of the month was a beachfront home that closed at $8,500,000 at 732 The Strand.