7 Day Market Update- Hermosa Beach

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

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.

active
pending
closed
open

ACTIVE
633 5th St Listed for $1,575,000 4 bed/3.5 bath AND
635 5th St Listed for $1,575,000 4 bed/3.5 bath
633:635
More new construction! These larger Spanish Style townhomes located just east of Ardmore, seem to be priced within the competitive range. Let’s see if being east of Valley/Ardmore makes a difference.

Here is what other 2014 Townhomes (west of PCH) have sold for:
big

942 10th St Listed for $1,095,000                                                                     2 bed/2 bath
Spanish style duplex with separate private garages.
942 10th street is a duplex with TWO 1-bedroom units, renting in the $1500-2000 range.
This property last sold as a SHORT SALE in 2012 for $720,000.

736 Gould Ave #3 Listed for $1,129,000                                                         3 bed/2.5 bath
736
If unit #3 sells anywhere close to the list price, it will be the first unit in this complex to sell for over $1M.

Here are the last 5 sales in this 33-unit complex:
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15 15th St #26 Listed for $849,900 2 bed/2 bath
Another ceiling breaking price! 15 15th is a 27 Unit building just a few steps away from the sand
in the heart of Hermosa Beach. Unit #26 would be the highest sale ever recorded in this building
if it sells anywhere near it’s current list price. The current highest price is from the sale of unit #8
that sold for $737,000 in 09/2008. The TWO most recent sales in this building are:

UNIT PRICE DATE
#8 $663,000 08/2014 (Sold for a loss from it’s acquisition price of $737K).
#22 $704,000 10/2013
PENDING/BACKUP
1724 Valley Park Ave Listed for $1,595,000                                                       2 bed/1 bath
1724
After a $194,000 price reduction and 39 days on the market, this one found a buyer. This property is up against/neighbors Valley School.
2 other similar sales:

1928 Valley Park Sold for $1,901,000 09/2014
577 18th St. Sold for $1,622,000 11/2014

CLOSED
1601 Monterey Blvd. Sold for $1,875,000                                                           4 bed/4 bath
Exterior
Another over asking price sale! This one sold for $125,000 over the list price of $1,750,000. It’s located on the corner of 16th and Monterey and has really nice view potential.

2966 La Carlita St. Sold for $1,599,999                                                                2 bed/2 bath
2966
This property is a charming 1954 built, 2-bedroom home located on a 8691 sq. ft. lot. It backs up to commercial on PCH, however from inside the home, it doesn’t feel that way. It’s hard to find a lot that size west of PCH.

647 24th Pl. Sold for $1,300,000                                                                 3 bed/2.5 bath
647
YES…another well over List Price sale. This property sold ALL CASH for $221,000 over the list price of $1,079,000. If this property isn’t going to be demolished for a newly constructed home, it will need a fair amount of money to remodel it. 647 24th has the potential for very nice hillside views toward the ocean and Palos Verdes.

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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Post by Darren Pujalet

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