7 Day Market Update- Hermosa Beach

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We are looking forward to another great year here in Hermosa Beach. If you haven’t seen the 2014 …A Year In Review (Market Wrap Up), click this link 2014 Wrap Up. It’s a great over view on how much our market appreciated in 1 year and some of the highlights. On another interesting side note, famous actor Jack Black talks about growing up here in Hermosa Beach Click Link.

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

Active
Pending
Closed
Open

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
842 8th St Listed for $1,775,000 4 bed/3.5 bath 
842
This property last sold in 2004 for $1,239,000. This home was built in 2001 and has ocean views and shows nicely. My guess is that it will sell on the sooner side.

PENDING/BACKUP
212 The Strand Listed for $5,500,000 6 bed/5 bath
212
This is a 2374 sq. ft. lot on the south end of HB.
136 The Strand, a similar lot sold for $3,950,00 in 2012 and 412 The Strand sold for $4,250,000 in early 2013.

CLOSED
1460 Bayview Dr. Sold for $2,225,000 7 bed/6 bath
1460
This property came out listed at $2,599,000. It was a 2 unit “AS IS’” probate sale. The owners started building 2 single-family homes and construction stopped mid way through. It’s a great location.

815 Cypress Ave Sold for $1,570,000 5 bed/4 bath
815
This property last sold for $1,450,000 in 2011 when it was on the market for 292 days. This time, the list price started at $1,675,000…and after 217 days on the market, it sold for $1,570,000.

1946 Ava Ave Sold for $1,400,000 2 bed/2 bath
1946
This home last sold for $600,000 in 2011…yes that’s $600K (a steal). The owners completely remodeled the entire home (they did a nice job) and put it on the market last year for $1,499,000.

430 Manhattan Ave Sold for $1,640,000 3 bed/3 bath
430
This one sold for a big #. There are a few recent comps that sold last year:
ADDRESS       BED/BATH             SQ. FT.           YEAR            PRICE            SQ. FT. PRICE
343 Manhattan     3/3                            2283               1990          $1,425,000          $624
446 Bayview       3/4                             2199              1998           $1,450,000          $659
301 Manhattan     3/4                             2108             2003            $1,495,000         $709
430 Manhattan     3/3                            2308             1988             $1,640,000         $710

1025 8th Pl. Sold for $1,605,000 4 bed/2.25 bath
1025
This spacious home has a roof top deck with 360-degree views spanning from PV to Malibu to Downtown LA and the mountains. It last traded in 2009 for $1,325,000 after 102 days on market.

1509 Monterey Blvd. Sold for $1,725,000 4 bed/2 bath
1509
This one came on the market listed at $1,679,000 and sold for $46K over asking….not uncommon in this market. It was all about location on this one.
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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