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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.

current homes for sale in hermosa beach

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

in Hermosa Beach, Hermosa Beach home prices, Hermosa Beach home sales, Homes for Sale, Market Update, Real Estate Posted by admin

Rare Beachfront Home on a Double Lot Just Listed – 2806 The Strand, Hermosa Beach

2806 The Strand hits the market listed at $18,995,000

Rare double lot beachfront home with over 6800 square feet

If you’ve ever walked or biked on The Strand, you’ve certainly noticed this one.  Not only is it significantly larger than most other beachfront homes nearby, it had long been painted a reddish hue and simply didn’t look like anything else at the beach.

 Priced at $18,995,000 the home at 2806 The Strand is one of the biggest beachfront homes built in all of the South Bay. Sitting on a double lot with incredible beach frontage, the home offers over 6,800 square feet* on a very impressive 5,318 square foot lot. Built in 2012, the home features 6 bedrooms and 8 bathrooms. One of the more impressive features is the roof deck providing another 1,000 sq feet of area*. What has made this home oft discussed around town is the architecture, layout and design. Custom built this definitely never had the look and feel of a beach house, but instead was designed as an Italian villa. The owners and current agents did a very nice job softening up the look a bit and gone is the red exterior and replaced with a white color scheme that definitely softens and mutes the original ornate stylings and design. Listed at $18,995,000 the home was on the market back in 2017 for a fairly staggering $25,000,000. While the future buyer will likely do a major remodel and update, there is great opportunity given the size of the home and lot and the north Hermosa location is absolutely ideal.

contact us for more information about 2806 The Strand

Photos, Details and Descriptions


Listing courtesty of Bryn Stroyke of Bayside

in Beachfront homes, Beachfront homes on The Strand, Hermosa Beach, Homes for Sale, Ocean View Home, The Strand Posted by admin

The Least Expensive Beachfront Home in Hermosa

12 The Strand, Hermosa Beach

Price Reduced - Now Listed for $5,100,000

It’s pretty rare to see a beachfront home for sale in Hermosa Beach in the mid $5,000,000 range but 12 The Strand just came back on the market after a few prior attempts.  It’s a pretty quirky home and is just about as far south as you can get in Hermosa which is why it’s priced where it is.  The home offers 3 bedrooms and 3 1/2 baths with just under 2,700 square feet (approximately….buyer to verify).  As the lots get a bit narrower in this location it’s slightly smaller than the standard lot at 2,552 sq feet (BTV)

Contact us for more information
in Beachfront homes, Beachfront homes on The Strand, Hermosa Beach, Homes for Sale, Keith Kyle Posted by admin

April Sales are In – Hermosa Beach Home Sales and Home Prices

By the numbers - Home Sales in Hermosa Beach

Hermosa Beach certainly didn’t see a slowdown in April unlike most of the South Bay.  There were 13 homes sold during the month which is very surprising given the slowdown elsewhere.  The median list price was $1,999,000 with the median list price of $1,765,000 which does indicate that the market is shifting a bit from a sellers market to a more balanced market. The average price per foot was $1160 and the average days on market was 71.

View the current homes for sale

 

April 2020 Home Sales and Home Prices in Hermosa Beach CA

MLS
Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
PW20015323
SFR/D
4358th ST  
$812,000
$1,691.67
1/1,0,0,0
480/A
1923/ASR
SB20059519
SFR/D
428Palm DR  
$1,590,000
$1,354.34
3/2,0,0,0
1174/A
1967/ASR
SB20035958
SFR/D
215Longfellow AVE  
$1,765,000
$1,186.16
3/2,0,0,0
1488/A
1932/ASR
SB20004668
TWNHS/D
640Hermosa AVE  
$1,900,000
$1,022.60
3/3,0,0,0
1858/A
2007/ASR
SR20048337
DPLX/D
1813Monterey BLVD  
$2,175,000
$1,277.91
3/3,0,0,0
1702/A
1958/ASR
SB20007519
DPLX/D
1921Hermosa AVE  
$2,600,000
$1,078.39
5/3,0,2,0
2411/A
1960/ASR
SB20040490
SFR/D
2005Manhattan AVE  
$3,150,000
$1,831.40
3/2,0,0,0
1720/A
1955/ASR
SB19255108
TWNHS/A
1706Manhattan AVE  
$3,150,000
$1,223.30
3/3,0,1,0
2575/B
2019/BLD
SB20030454
CONDO/A
1720Ardmore AVE   #212
$599,000
$866.86
1/1,0,0,0
691/A
1970/ASR
SB20014267
CONDO/A
736Gould AVE   #8
$1,400,000
$763.78
2/2,0,1,0
1833/A
1981/ASR
SB20025599
SFR/D
112411th Street   
$1,165,000
$973.27
3/1,1,0,0
1197/P
1959/PUB
SB20048539
SFR/D
1617Raymond AVE  
$1,650,000
$1,104.42
3/2,0,0,0
1494/A
1958/PUB
SB20035338
SFR/D
310Hollowell AVE  
$2,435,000
$715.33
4/4,0,0,0
3404/A
2015/ASR
in Hermosa Beach, Homes for Sale, Realtors, Vista Sotheby's International Realty Posted by admin

New Beachfront Home Hits the Market on the Strand in Hermosa Beach

3130 The Strand Hermosa Beach CA

$12,975,000

This new beachfront listing in North Hermosa Beach just recently hit the market.  It’s located just next door to another home on the market (technically in escrow as of this post on 5/4) located at 

Another addition to the crowded beachfront market in Hermosa Beach just hit the market this week at 3031 The Strand. Listed at $12,975,000 this is an older home that could be either a remodel project or tear down for new construction. The current home has a lot to offer but it’s unlikely a buyer in this range would keep the home in it’s current state. What makes this home so special is the location and lot size. The north Hermosa Beach sand section location makes for a much quieter locale compared with homes closer and south of the pier.

View the virtual tour

The oversized lot offers incredible beach frontage making for a true legacy estate property a possibility.

in Beachfront homes, Beachfront homes on The Strand, Homes for Sale, Ocean View Home, Sand Section, The Strand Posted by admin

Several Beachfront Strand Homes Coming on the Market in Hermosa Beach

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We’re getting word that several beachfront homes are coming to the market in the near future. At least 3 properties, all distinctly different, will be added to the already crowded beachfront market. Of the 3 we’ve heard of one is a corner lot that the owners had intended to build on (but may be changing their plans) the other is an older beach home in northern part of the Strand that will likely be a lot sale but could be rehabbed, and the other is an oversized home and lot that’s been on the market a few times in the past. It’s a challenge give the architecture and very personalized choices, but they’re recently painted to make the exterior look a little more fitting. Check back with us as we’ll be updating our site whenever the details of the homes are officially able to be released.
in Beachfront homes, Beachfront homes on The Strand, Hermosa Beach, Homes for Sale, The Strand Posted by admin