7-Day Market Update-Hermosa Beach

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August 1st, 2014

6 New Active Listings (or price reduced)
1 New Escrows
4 Closed Sale

NEW ACTIVE LISTINGS

237 Valley Dr., Listed at $849,000

237 Valley Dr
This 2 bed/2 bath, 1494 sq. ft. Townhouse is back on the market after being on hold. This complex has 64 units on the Southwest corner of 2nd and Valley in southern Hermosa. This highest sale in this complex recorded in June at $850,000
(see Condo blog).

15 15th St #36, Listed at $849,900
15th 15
Less than a block to water for under $850K? It’s a 2 bed/2 bath and 946 sq. ft. condo. This complex has 27 units (see Condo blog) and is located just north of Pier Avenue.

619 10th St, Listed at $1,420,000
619 10th
4 bed/4.5 bath Townhouse. This one went pending on June 24th and fell out of escrow this week.

1928 Valley Park Ave, Listed at $1,749,000
1928 Valley park Ave
This area of Hermosa has been on fire this year. There are several new construction projects currently in process and a few benchmark sales: 555 21st sold for $4,400,000 and 2301 Valley sold for $2,100,000. Neither of these homes are direct comps, however they show the potential of the neighborhood.

1502 Bonnie Brae St, Listed at $1,850,000
1502 Bonnie Brae
4 bed/3.5 bath, 4592 sq. ft. SFR. After 110 days on market and a start price of $2,200,000, the have reduced the price to $1,850,000 ($402 sq. ft).

2427 Silverstrand Ave, Listed at $1,850,000
A++ neighborhood and quiet North Hermosa street. Only one block
This may be the deal of the week. It’s very likely to induce multiple offers and go over asking. It’s priced for the dirt and with a small 2 bedroom currently occupying the land, it’s likely going to become a new construction project. 2 recent listings 1 block away are: 2435 Myrtle-Active at $2,999,000 and 2461 Myrtle-Sold at $3,701,000. Both have much larger and newer structures, however they serve as a guide to the potential of Silverstrand.

Pending/Backup

1720 Ardmore #221, Listed at $499,000
1720 Ardmore
This unit is a 2 bed/2 bath condo located in the Appletree complex (see Condo blog).
After 74 days on market and a start price of $510,000, it is in escrow.

Closed

160 Monterey Blvd, Sold at $1,230,000
160 Monterey
This is the middle-unit of 3 new construction townhouses built by Craig Casner. This threesome is sandwiched in between 2 building of Playa Pacifica and an apartment building to the south, making it a slightly awkward location.
158 Monterey-Sold at $1,500,000
162 Monterey-Active for $1,395,000

316 29th Ct., Sold at $999,000
316 29th Ct
After 263 days on market and a start price of $1,299,000…we can close the books on this one. This was a small 2 bed/2 bath SFR on a half-lot in northern Hermosa. Great
Location, challenging configuration.

857 7th St., Sold at $675,000
857 7th
This one took 176 days on market to close.

933 3rd St., Sold at $1,279,000
933 3rd
3 bed/3.5 bath with 2408 sq. ft.. SFR. This sold after 121 days on market and a start price of $1,415,000.

1212 Cypress Ave. Sold at $1,723,500
1212 Cypress
This one started out at $1,749,000 and was in and out of escrow twice. After 82 days on the market, it’s finally done.

OPEN HOUSES THIS WEEKEND IN HERMOSA BEACH,

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RELATED BLOGS
http://www.hermosa411.com/hermosa-beach-condos-where-are-they-now/

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Post by Darren Pujalet

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