Home Sales & Prices for February
February was a very slow month for closed home sales in Hermosa Beach with only 10 homes sold during the month. That’s the fewest home sales in a month over the past 12 months other than December and was half of the home sale numbers during the peak summer months of 2019.
Prices continued to imrpess with the median list prices of $1,549,000 and a median sales price of $1,542,500 indicating that we’re still very much in a seller’s market. Average price per foot for sold homes in Hermosa Beach was $1029. Median days on market was 139 which is fairly misleading as 3 homes had been on the market for over 6 months but the rest a relatively short time on the market.
The sand section of Hermosa saw the most home sales with 8. See the Hermosa Beach real estate stats for the past 15 months below.
February 2020 Home Sales and Prices in Hermosa Beach.
|MLS #||Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|PV19244735||TWNHS/A||858||Loma DR #B||$1,645,000||$854.55||3/3,0,1,0||1925/A||1989/ASR||2/28/2020|
|SB20005947||CONDO/A||1707||Pacific Coast #120||$526,500||$795.32||1/1,0,0,0||662/A||1972/ASR||2/5/2020|
|SB19246583||CONDO/A||1600||Ardmore AVE #216||$642,000||$904.23||2/1,0,0,0||710/A||1970/ASR||2/18/2020|
By the Number – Real Estate Stats for Manhattan Beach CA
January was a fairly typical month for home sales in Hermosa Beach with 12 on market homes that sold. The notable sale of the monthly was for a beachfront home at 22 The Strand which sold for $5,610,000 after several price reductions. The median list price was $1,595,000 with a median sold price of $1,558 indicating a pretty solid sellers market. The median price per foot was $958.77.
January 2020 Home Sales in Hermosa Beach
|Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|CONDO/A||736||Gould AVE #19||$1,300,000||$707.68||3/3,0,0,0||1837/P||1980/PUB||1/10/2020|
While it hasn’t officially sold and is only “in escrow” the sale at 2120 The Strand is fairly notable as that’s the very high end of the market in Hermosa Beach. This ultra luxury market on The Strand in Hermosa and Manhattan has been very slow and it’s not uncommon to see this level home sit on the market for a year or more. The home offers a great location for the Strand as it’s walkable to the Hermosa pier area but not too close to deal with any of the congestion. The home features 5 bedrooms and 5 baths on 3 levels and just under 3,700 square feet. List price is $9,950,000. There are several other homes available on The Strand in Hermosa as well as oceanfront Strand homes in Manhattan Beach.
Info on 2120 The Strand Hermosa Beach
Call us suckers for big ocean views and clean coastal design, but the home at 402 Via San Sebastian definitely caught our eye. The home offers some fantastic ocean views and the clean design inspired by luxury coastal living makes for a fantastic place to call home. Sitting on a 10,000+ foot elevated lot, the home has expansive views of the oceean and coast. With 3 bedrooms, 2 baths and a bit over 1,500 feet the home fits in nicely with the neighborhood. Although it was originally built in 1954 the home was recently remodeled and reimagined. Listed with Jennifer Fematt of Douglass Elliman the home is currently priced at $1,750,000. Contact us for more information on this home or to schedule a private showing.
402 Via San Sebastian Hollywood Riviera
Although it’s surprising to still see this home on the market for over a month, we still think it’s a pretty affordable way of enjoying the good life in the Hollywood Riviera. While homes on Paseo De La Playa are selling well into the multi millions (the largest of which sold over $22,000,000 in 2018!!!) there are still opportunities to carve out your beach niche in the area. Just east of the parking lot above Torrance Beach is 320 Paseo De La Playa. This condo/townhome offers some stunning and unblockable ocean views and sit’s just across the street from the beach. Just reduced from $1,479,000 to $1,379,000 and listed with Redfin, this property may just be the beach home you’re looking for.
BED / BATH: 2/3
|PRICE PER SQFT: $811.18|
YEAR BUILT: 1976
|SQFT(src): 1,700 (O)|