7 Day Market Update and Weekend Open House List- Hermosa Beach

UPDATE_HEADER
2 New Listings (click to see)
5 In Escrow (click to see)
5 Closed Sales (click to see)

40 Active Listings in Hermosa Beach
SFR- 26
TWNHS- 7
CONDOS- 6

Actives by Hermosa Areas:
Sand Section: 27 Active listings
Valley Section: 8 Active listings
East Hermosa: 5 Active listings
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This is a market snapshot of Hermosa Beach Real Estate over the last 7 days. We are not presenting these properties as our listings. Click the IDX link above to see the recent Active, Pending and Closed properties in HB.

NEW ACTIVE
1935 Ava Ave Listed for $2,650,000 4 bed/3.5 bath
1935
This property was on the market for 181 days up until the beginning of this year. Originally listed at $2,950,000, then reduced to $2,650,000…it was finally taken off the market. After a face lift, it’s back on the market for $2,650,000.

1208 10th St Listed for $1,000,000 4 bed/2 bath
1208
This single family home located east of PCH is priced in a buyer “sweet spot.”
Other Similar Sales This Year (see below):
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IN ESCROW
501 Herondo #20 Listed for $900,000 3 bed/3 bath
The Mooring Townhomes
This townhouse appears to have found a buyer off market and is now in escrow. This property last sold in 1987 when it was build for $195K.

26 9th St. Listed for $5,650,000 5 bed/4.5 bath
Front of house
It took exactly 30 days for this home to find its buyer. 26 9th last sold in 2013 for $4M. This single family home is just steps to the beach and boasts amazing ocean views. If this sells for the asking price, it would equal a 41% increase in 2 years. The neighbor (similar property) next door just closed escrow for $4.7M.

160 Bayview Dr. Listed for $1,100,000 3 bed/2 bath
160
This property sold last spring (2014) for $819K. It appears to have had some recent upgrades inside. In just under 2 weeks, it has a buyer.

333 10th St Listed for $2,250,000 4 bed/3.5 bath
333
3 months and a price reduction…it is now in escrow. This attached townhome with ocean views was on the market last year for $1,695,000 and after 45 days, it was taken off the market. 333 10th last sold in 2012 for $1,350,000.

575 19th St Listed for $1,589,000 3 bed/3 bath
575
22 days and it’s in escrow. This is single family just west of Valley. It is a full lot (4656 sq. ft.) with building potential. It’s last sale was in 2001 for $675K. It went active then immediately went on hold. Here are some other comparables.
575 19th

CLOSED
1614 Bayview Sold for $1,365,000 2 bed/2 bath
1614
Sold for $60K below list price! This one was on the market in 2011 for $1,048,000, but didn’t sell. It last traded in 2006 for $1,129,000. 1512 Bayview, one block away, just sold for $1,310,000 (listed at $1,350,000) in one week…and it’s only 828 sq. ft.

2418 Myrtle Sold for $4,555,0000 5 bed/4.5 bath
2418
Designed by Starr Design Group and built by Lombardi Construction, this new construction was sold before completion. This property was bought in 2013 for $1,382,000.

215 Valley Dr. Sold for $900,000 2 bed/2.5 bath
215
Sold for $21K above asking price! This attached townhouse last sold in 1975 and is just west of Valley, located in a 64-unit complex. 217 Valley, next door, is also in escrow (listed as $879 and sold off-market).
There have been 2 other sales in the complex this year:
225 Valley Sold for $965,000 3 bed 2.5 bath
427 2nd St Sold for $978,300 3 bed 2.5 bath

117 Lyndon St Sold for $1,598,000 3 bed/3.5 bath
117
Sold for full list price, this detached townhome just steps from the beach, sold off-market. It last posted a sale in 2002 for $901,500.

822 6th St Sold for $1,799,000 4 bed/3.5 bath
822
35 days to get into escrow and 28 days to close for full list price. This single family home, one house east of PCH, last sold in 2005 for $1,365,010.

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call me direct at 310-613-1690.
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