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7 Day Market Update- Hermosa Beach

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

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You Paid What For That Townhome???

Are we in an inflated bubble or is this the beginning of the new normal?
Only 18 Hermosa Beach townhomes have ever sold over $2 Million,
just 8 of them were east of Hermosa Avenue. This year, we’ve watched 2
of those 8 sell. 1517 Loma sold for

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7 Day Market Update- Hermosa Beach

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

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Thumbnail image for 7 Day Market Update- Hermosa Beach

7 Day Market Update- Hermosa Beach

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

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Thumbnail image for 7 Day Market Update- Hermosa Beach

7 Day Market Update- Hermosa Beach

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

Read the full article →
Thumbnail image for 7 Day Market Update- Hermosa Beach

7 Day Market Update- Hermosa Beach

2 New Active Listings (click to see)
2 New In Escrow          (click to see)
6 Closed                          (click to see)

After the close of 3 full quarters in 2014…the numbers are in. Prices …

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WHAT’S SELLING?- 3rd Quarter Report Hermosa Beach

So far in 2014, we have seen a slight drop in the number of sales, however, the median price point is up considerably, almost 14% year over year.

As of the finish of 3 full quarters of 2014, 110 of the 163 sales were between the …

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7 Day Market Update- Hermosa Beach

The Hermosa market has picked up a bit this week with 7 new active listings. 2 of the new listings are located at the Beach House (96 Units), which is located on

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7 Day Market Update- Hermosa Beach

Ready, set, go! Now that we are past the summer travel season, we’ll see if the market heats back up again. Already we have 6 new listings compared to 3 last week and 1 the week prior. Our inventory is still very low and the …

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Spotlight Hermosa Beach

For such a small town, Hermosa boasts big attractions: an artsy vibe highlighted by the historic Lighthouse Café and legendary Comedy and Magic Club; global recognition for being the home of beach volleyball and several Olympic athletes…

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7 Day Market Update- Hermosa Beach

Dirt is the new gold. This year, we are seeing more new construction as the market heats up and the value of land continues to increase. They are not making any more dirt and the number of people who want to live near the water …

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7 Day Market Update- Hermosa Beach

It’s Labor Day Weekend and Fiesta Hermosa.
Another great weekend here in our beautiful coastal community. Fiesta Hermosa, put on by the Hermosa Chamber of Commerce, started back in 1972 and has become the largest Arts and Crafts Fair in Southern California. Each year it attracts …

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Hermosa Beach City Facts

City incorporated – January 14, 1907
Council-City Manager form of government
Located 17 miles Southwest of Los Angeles on Southern end of Santa Monica Bay
Area covered – 1.43 square miles
Elevation

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7-Day Market Update- Hermosa Beach

Celebrity’s and Athletes! The South Bay and more specifically Hermosa and Manhattan Beach, have had an influx of athlete and celebrity homeowners (Vince Vaughn, Jimmy Kimmel, Steve Nash, etc.) over the last few years. With its close proximity to Los Angeles and LAX airport, our …

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Hermosa Spotlight

Download (PDF, 5.06MB)

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7- Day Market Update- Hermosa Beach

August 8th, 2014

10 Active Listings
5 Backup/Pending
6 Closed
1 Off-Market

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7-Day Market Update-Hermosa Beach

August 1st, 2014

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

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7-Day Market Update- Hermosa Beach

July 25th, 2014

4 New Active Listings
7 New Escrows
2 Closed Sale

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ABOUT DARREN

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HERMOSA BEACH CONDOS- WHERE ARE THEY NOW?

HERMOSA BEACH CONDO’s-Where are they now?

Are Hermosa Beach condominium prices at their peak?
Close, (I think)….but no cigar!

There are approximately 14 condo complexes in Hermosa Beach that have 10 or more units, with
The Commodore at 1600 Ardmore hosting 100 units.

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HERMOSA 10-DAY REPORT

HERMOSA 10-DAY REPORT

6 New Active Listings
4 In Escrow
4 Closed Sales
5 Withdrawn or Cancelled

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HERMOSA 10-DAY REPORT

6 New Active Listings

4 In Escrow

4 Closed Sales

5 Withdrawn or Cancelled

 

Active:

446 Bayview is back on the market after failing to sell twice in the last 2 years. This home last sold for $1,400,000 in 2005, and has made 2 recent attempts, at $1.485M in 2012 …

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HOW MANY HOMES ARE THERE IN HERMOSA BEACH, AND WHO LIVES IN THEM?

WHO LIVES IN THEM?

There are approximately 6500 dwellings in the 1.5 square mile area of Hermosa Beach, ranging from single-family homes to condos to multi-unit apartments buildings. Hermosa Beach has a population of close to 20,000 residents.

 

OWNER v. RENTER

The tax records show that around 68% of the homes …

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WOW! $18 MILLION…THE MARKET IS SOARING!

That is a big price tag for a home built in 1913, even if it is on The Strand…

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Hermosa Valley Greenbelt History

This 3.7 mile long, landscaped trail that runs parallel between Ardmore and Valley Drive was once part of the Santa Fe Railroad easement…

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Healthy in Hermosa

My wife and I love going out to eat, and we also do our best to follow a pretty clean, healthful diet. Depending on where you live, these two passions could potentially be in conflict. One thing we love about Hermosa Beach is the number of healthy options available to us on any given weekend of dining out. Granted, you can probably drive your server crazy at any restaurant tailoring any dish to your own dietary restrictions, but thankfully we don’t need to do that very often in Hermosa!

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Hermosa Beach Property up Over 23%

According to neighborhoodscout.com, Hermosa Beach is up close to 24% from the bottom during the 2008-2009 years.
Manhattan Beach is up nearly 26% and
Redondo Beach is up 20%.
Find out which home is up 61% from 2009 to 2013…

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$5M and UP… Not the STRAND? Do they Sell?

$5,000,000 and Up…not on the Strand? Do they sell?
The answer is yes, however they don’t always sell quickly. In the last 5 years, there have only been 11 homes listed for sale above $5M that were not located on the Strand. Only 1 of the 11 sold in under 119 days on the market and the longest sat for 372 days and didn’t sell.

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Which Area is HOT in Hermosa?

Every once in a while the market has a game changer that signals or validates the market increase in demand and price. This property is breaking new ground and indicates that our current market is gaining momentum…Find out which one…

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Short Sales and REO’s…where did they go?

Are short sales and bank owned REO’s still available? How do they affect our market here in Hermosa?The numbers speak for themselves. There have been rumors for the past 2 years that our banking system is holding on to a large amount of “shadow inventory,” yet we are seeing fewer and fewer of them for sale. The other rumor is that the banks are selling the default loans in large pools to hedge funds and large investors like Real Estate Investment Trusts.It seems the latter of the two is more likely…

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