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

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

41 Active Listings in Hermosa Beach
SFR- 19
TWNHS- 17
CONDOS- 4

Actives by Hermosa Areas:
Sand Section: 29 Active listings
Valley Section: 8 Active listings
East Hermosa: 4 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
1216 21st St Listed for $1,295,000 3 bed/2 bath
1216
This single family located just east of PCH last sold in 2002 for $559K.

1111 17th Listed for $2,099,000 3 bed/2.5 bath
1111
Brand New 2015 construction. This lot was purchased in 2012 for $1,635,000.
2 brand new attached townhomes were built on this property which is perched on the hill just east of PCH. Here are some other 2015 built townhome sales for this area:
Screen Shot #1

438 Hermosa Ave Listed for $3,100,000 4 bed/3.5 bath
438
Another Brand new construction to hit the market. The land was bought in 2014 for $1,835,000. This attached townhome is just a short block to the beach with ocean views and is priced at $1,240 per sq. foot. Here are some other 2015 built townhome sales close to the sand:
Screen Shot #2

IN ESCROW
444 Hermosa Ave #102 Listed for $1,399,999 3 bed/3 bath
444
That was quick, just 3 days to fid a buyer! This property is located in a 6-unit complex facing west toward the beach. This unit last sold in 2005 for $866K and is still the highest priced MLS recorded sale in the building. The last unit in this complex to sell was in 2009, for $831K

1501 Monterey Listed for $2,499,000 4 bed/3.5 bath
1501
This one took 6 months, however it has finally found a buyer. It’s a brand new Townhome just north of Pier Ave., with ocean views and a rooftop deck. It’s priced at $1250 per sq. ft., which is a ceiling breaking price. If there ever was a time the market could bear this price, it’s now.

428 Palm Dr Listed for $1,399,000 3 bed/2 bath
428
This one took a price reduction and almost 3 months on the market to find its buyer. The property last sold in 2012 for $740,000. It’s a single-family home on a half-lot that has been remodeled and is only steps to the beach.

1614 Bayview is Sold for $1,365,000. It has one less bedroom and a slightly smaller lot size (1450 v. 1505), however it’s on the north side of Pier Avenue (which adds value).

CLOSED
1600 Ardmore Ave #321 Sold for $522,500 2 bed/2 bath
1600
It took just over 3 months and a $16,500 cut from the list price, but this unit SOLD. Unit #321 last sold in 2010 for $393,000.

Recent Sales in 1600 Ardmore 2 bed 2 bath:
Unit #410 Sold for $775,000 2 bed 2 bath
Unit #424 Sold for $600,000 2 bed 2 bath

1600 Ardmore #129 Sold for $497,000 1 bed/1 bath
1600
Sold for $2k above the list price This one last sold in 2013 for $395K.

Recent Sales in 1600 Ardmore 1 bed 1 bath
Unit #317 Sold for $455,000 1 bed 1 bath
Unit #223 Sold for $480,000 1 bed 1 bath

26 9th St. Listed for $5,100,000 5 bed/4.5 bath
Front of house
After its first escrow fell apart, another month on the market and a price reduction, this single family has finally SOLD (for $550K below the original asking price). 26 9th last sold in 2013 for $4M. This sale price equals a 28% increase in 2 years. This single family home is just steps to the beach and boasts amazing ocean views. The neighbor (similar property) next door just closed escrow for $4.7M.

948 3rd St Listed for $1,400,000 3 bed/2 bath
948
This one is SOLD for $31K above the list price. It only took 5 days and they found a buyer this time around after relisting with a new agent. It was on the market 124 days earlier this year and priced at $1,400,000…however it didn’t sell.

2618 Manhattan Ave Sold for $4,300,000 5 bed/4 bath/3 (powders)
2618
Sold for almost $200K below list price…this one is gone. This is a brand new single family home with 4660 sq ft., designed by Pritzkat & Johnson and built by Titan construction. It’s a case of a great house in a so-so location, right across from the Fed-Ex store and 1 house away from the 5-point intersection. The dirt sold for $1,980,000 in January of 2014. It was a beautiful property inside.

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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