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

Pending Sales in Hermosa WERE on the Rise and then……..

We were seeing a really nice increase in homes going under contract in Hermosa Beach which was a great sign.  Inventory has been tight and it was great to see the inventory and pending sales on the rise.  It went from 9 in December, to 15 in January, to 18 in February…..then we started to see the impacts of the shutdown.  Only 12 pending sales in March and as of today, 4/11  there are only 11.  Let’s hope that things turn around quickly when the world starts working again.

View the current homes for sale in Hermosa Beach

Hermosa Beach Real Estate

Active Listings (light green), Pending sales (red line) and closed escrows (dark green)

March 2020 Hermosa Beach Home Sales and Home Prices

March was a busy month for home sales in the coastal community of Hermosa Beach. There were 20 on market home sales which is a very strong number for this small town. Median list price was $1,622,000 with the median sold price at $1,637,500 indicating a VERY strong sellers market. That may change with the current Corona virus impact but that’s yet to be seen. The average price per foot was a very high $1112 and average days on market was 84.

Those prices were all heavily impacted by an oceanfront home sale at 1534 The Strand which was listed just under $10,000,000 and closed for $8,700,000.

 

March 2020 Hermosa Beach Home Sales

Type AddressPrice$ Per FootBed/BathSq FeetYear BuiltSold Date
CONDO/A447Herondo ST   #106$870,000$622.322/1,1,0,01398/A1978/ASR3/24/2020
TWNHS/A501Herondo ST   #9$950,000$660.182/2,0,1,01439/A1987/ASR3/6/2020
SFR/D856Cypress AVE  $1,399,000$1,568.393/1,0,0,0892/AP1955/ASR3/17/2020
TWNHS/A447Manhattan AVE  $1,725,000$899.372/2,1,0,01918/A2010/ASR3/17/2020
SFR/D33726th ST  $2,500,000$1,594.393/2,0,0,01568/A1943/ASR3/6/2020
TWNHS/D50425th ST  $2,825,000$1,027.274/3,0,1,02750/A2015/PUB3/7/2020
TWNHS/A1705Manhattan AVE  $4,000,000$1,012.404/4,0,2,03951/B2019/BLD3/9/2020
SFR31526TH ST  $5,525,000$1,330.684/6,0,0,04152/OTH20193/19/2020
SFR1534The Strand   $8,700,000$3,097.194/1,4,0,02809/E 3/10/2020
CONDO/A1707Pacific Coast Hwy    #408$565,000$782.551/1,0,0,0722/A1972/ASR3/26/2020
CONDO/A1600Ardmore AVE   #334$569,000$937.401/1,0,0,0607/A1970/PUB3/13/2020
CONDO/A1600Ardmore AVE   #416$599,000$843.662/1,0,0,0710/A1970/ASR3/4/2020
TWNHS/D7082nd ST  $2,189,000$872.114/2,1,1,02510/A2015/ASR3/17/2020
SFR/D669Longfellow AVE  $3,135,000$1,043.964/4,0,1,03003/A2017/ASR3/11/2020
SFR/D120120th PL  $1,095,000$1,207.282/1,0,0,0907/A1956/ASR3/24/2020
SFR/D121120th ST  $1,230,000$946.153/2,0,0,01300/OTH1949/ASR3/13/2020
SFR/D11162nd ST  $1,295,000$1,234.513/1,0,1,01049/A1958/ASR3/27/2020
SFR/D11569th ST  $1,550,000$973.013/1,1,1,01593/A1954/ASR3/17/2020
SFR/D1401Corona ST  $2,645,000$859.054/3,0,2,03079/B2020/BLD3/15/2020
SFR/D1517Golden AVE  $2,705,000$738.065/2,2,0,03665/B2019/BLD3/3/2020

Big Ocean Views at 736 Gould #24 in Hermosa in Seaview Villas

736 Gould #24 - Oceanview Townhome for sale at $1,299,000

Although it doesn’t look like much from the street, the townhomes of Seaview Villas in Hermosa have some pretty stunning views. They sit on almost the highest point of the hill just below PCH and make for true vacation style living. While the homes are older, most have been remodeled. The home at #24 has certainly done some remodeling over the years….it’s still a bit dated but has a fresh beach feel. The home offers 3 bedrooms, 3 baths and just under 1,800 square feet. It’s currently priced at $1,299,000. View more information on the complex.

information on 736 Gould, Hermosa Beach CA 90254

**The listings above may be represented by other realtors. We are providing this information as a service to our clients.  Keith Kyle is a top producing realtor with Vista Sotheby’s International Realty

Real Estate Recap – January 2020 Hermosa Beach Home Sales and Prices

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.

View the current homes for sale in Hermosa Beach CA

January 2020 Home Sales in Hermosa Beach

Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
SFR/D 451 Longfellow AVE   $1,650,000 $1,059.05 2/2,0,0,0 1558/A 1959/PUB 1/24/2020
TWNHS/A 311 Culper CT   $1,845,000 $931.82 3/3,0,1,0 1980/A 2006/ASR 1/22/2020
TWNHS/A 121 2nd ST   $3,085,000 $1,181.99 4/4,0,1,0 2610/D 2019/BLD 1/17/2020
SFR/D 22 The Strand    $5,610,000 $1,558.33 4/3,1,1,0 3600/A 2001/ASR 1/13/2020
CONDO/A 736 Gould AVE   #19 $1,300,000 $707.68 3/3,0,0,0 1837/P 1980/PUB 1/10/2020
SFR/D 722 8th PL   $1,500,000 $919.68 3/2,0,0,0 1631/A 1974/ASR 1/7/2020
TWNHS/D 653 11th ST   $1,862,500 $633.93 4/3,0,1,0 2938/A 1999/PUB 1/24/2020
SFR/D 661 25th ST   $4,400,000 $845.67 5/5,0,1,0 5203/B 2019/BLD 1/3/2020
SFR/D 719 24th PL   $4,725,000 $1,030.53 5/5,0,3,0 4585/A 2019/SLR 1/31/2020
SFR/D 1015 2nd ST   $1,000,000 $958.77 3/2,0,0,0 1043/A 1954/ASR 1/9/2020
SFR/D 1836 Hillcrest DR   $1,050,000 $1,113.47 2/1,0,0,0 943/A 1954/PUB 1/7/2020
SFR/D 1011 Owosso AVE   $1,459,888 $997.87 2/2,0,0,0 1463/A 1948/ASR 1/14/2020