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

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

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.

1935 Ava Ave Listed for $2,650,000 4 bed/3.5 bath
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
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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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
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
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
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

1614 Bayview Sold for $1,365,000 2 bed/2 bath
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
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
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
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
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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