8 New Escrows…Less Than 2 Months Of Inventory. 7 Day Market Update – Hermosa Beach

We have 8 new escrows this week. With a total of 37 properties in escrow citywide and 59 active properties for sale, we have 1.6 months of inventory available. That is very low. If inventory remains this low, the market will favor sellers and create more competition for buyers. 

7/10/2020

3 New Active

8 In Escrow 

3 Closed Sales 

(see properties below)

56 Active Listings in Hermosa Beach

SFR- 31

TWNHS- 17

CONDOS- 3

Actives by Hermosa Areas:

Sand Section: 38 Active listings 

Valley Section: 3 Active listings 

East Hermosa: 15 Active listings

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?
(See bottom of email thread for more information)

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

1612 Loma Dr #B Listed for $2,995,000 4 bed/3.5 bath

1612 Loma is one of 2 brand new detached townhomes located 4 blocks from the ocean.

2104 Circle Dr Listed for $5,798,000 5 bed/6 bath

2104 Circle is a single family home built in 2004. It has a rooftop deck with ocean views. Circle Drive is one of my favorite streets and is located close to the water in Northern Hermosa. 

844 3rd Listed for $1,429,000 3 bed/2 bath

844 3rd is a single family home just east of PCH. This home sits on a smaller tall, skinny 2267 sq. foot lot. It last sold in 2013 for $875K. 

IN ESCROW

408 Ocean View Ave Listed for $2,099,000 5 bed/4.5 bath

408 Ocean View is a duplex that appears to have sold before hitting the market. This duplex is one block east of PCH and last sold in 1987 for $469K. 

1124 1st Listed for $1,680,000 4 bed/3 baths

1124 1st is a single family home located in east Hermosa, bordering Redondo. This home sold in 2015 for $1,250,000. 

831 6th St #6 Listed for $1,025,000 2 bed/1.5 bath

This one is in escrow after less than a week on the market. 831 6th is a 6 unit townhome complex. Unit #1 is in escrow with a list price of $950K after only 9 days on the market. 

507 Monterey Listed for $1,968,000 3 bed/2.5 bath

507 Monterey is back on the market for a slightly lower price. This home last sold in 2012 for $1.2M.

821 Cypress Listed for $2,699,000 5 bed/4 bath/1 pwd

821 Cypress, also a duplex, is located next to the 815 Cypress. The front unit is a 3 bed/2.5 bath and the rear unit is a 2 bed/2 bath. This home sold in 2012 for $2.1M.

231 26th Listed for $2,600,000 2 bed/1 bath

231 26th is a single family home built in 1914. This home is in the sand section close to the beach. It will need some TLC.

118 1st Ct Listed for $1,999,000 4 bed/ 3.5 bath

After 3 months on the market with no price reductions, this home is in escrow. 118 1st Ct is a detached townhome located on 1st and Palm Drive, a short block from the sand. This home was built in 1999 and has a rooftop deck with ocean views.

3316 Hermosa Listed for $6,700,000 5 bed/7 bath

3316 Hermosa is in escrow after a few price reductions. The sale process started at $7,900,000 back in March of 2019.  

CLOSED

1037 2nd Sold for $2,750,000 4 bed/3.5 bath

After being listed on the market for 6 months, this home has sold for $$549K below the original asking price.  1037 2nd took about 3 ½ months to find a buyer. This home was built last year and the lot was purchased in 2018 for $1.3M

952 15th Sold for $2,100,000 4 bed/3.5 bath

This home found its buyer in 5 days and sold for the asking price.952 15th is a 2 on a lot, detached townhome.  It last sold in 2018 for $1,550,000.

1245 8th Listed for $1,399,000 3 bed/2 bath

This home sold in 2 weeks. 1245 8th is a single family home located in east Hermosa beach.  It last sold in 2015 for $1,175,000.

3 New Listings (click to see)

8 In Escrow (click to see)

3 Closed Sales (click to see)

CURIOUS WHAT PROPERTIES ARE AVAILABLE OFF-MARKET?

Have you been looking for a home or investment property, and haven’t been able to find what you’re looking for….or missed out on an opportunity?

We have access to a network of off-market and coming soon properties.
Describe and share with us what you’re looking for and we will let you know what is currently available and/or search for some options that you may never be able to find online or on the market. 

DO YOU HAVE EVEN A REMOTE THOUGHT OF SELLING….WHAT YOU SHOULD KNOW?
If you’re considering selling, please call me to discuss some of your unique options,  a few crucial challenges you can avoid,  and how to maximize your return. We have some valuable insights you should know before putting your home up for sale.

If you have any questions about the previous properties or any other properties here in Hermosa Beach or the South Bay area, please call or text me direct at 310-613-1690 or email me at dronp@aol.com.

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