Happy Labor Day….What Will The Fall Bring? 7 Day Market Update – Hermosa Beach

The Fall season will likely be very active. Inventory levels are still hovering around 2 months here in Hermosa beach. This is still well below the a neutral market average.However, with an election coming up, the stock market bouncing around and skimming the historic ceiling again, high unemployment levels, and tons of government funding $ being disbursed, our Real Estate market could see some negative effects in the near future.

9/4/2020

2 New Active

2 In Escrow 

3 Closed Sales 

(see properties below)

57 Active Listings in Hermosa Beach

SFR- 32

TWNHS- 20

CONDOS- 4

Actives by Hermosa Areas:

Sand Section: 33 Active listings 

Valley Section:   7 Active listings 

East Hermosa: 17 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

634 4th #7 Listed for $1,799,000 3 bed/3 bath

634 4th is an attached townhome, which is one of nine units. The last sale in this complex was 654 4th, which sold for $1,610,000 in 2018.

1002 8th Listed for $1,299,000 3 bed/1.5 bath

1002 8th is the lowest cost per sq. foot single family home in Hermosa.

IN ESCROW

1965 Manhattan Listed for $3,199,000 3 bed/2 bath

1965 Manhattan is a single family home in the sand section of Hermosa Beach. It is located on the west side of Manhattan Avenue and has big ocean view options. It sold in 2015 for $3M. 

427 Manhattan Ave Listed for $1,229,000 2 bed/2 bath

We knew this one would go fast…5 days. 427 Manhattan Avenue is an attached townhome in the Hermosa sand section. It sold in 2002 for $479,000.

CLOSED

837 5th St. #A7 Sold for $954,000 2 bed/2.5 bath

 837 5th is an attached townhome, a few lots east of PCH. It sold for $95K off the asking price. This home is part of an 8 unit townhome community. Unit A3 sold for $850K back in 2017.

849 15th Sold for $1,525,000 3 bed/2.5 bath

849 15th found a buyer in 5 days and sold for $150K above the asking price. This home is an attached townhome east of PCH and was leased 2 years ago for $4900.

542 Pine Sold for $2,350,000 4 bed/3.5 bath

This home went into escrow after only 3 weeks and sold for $149,000 below the original asking price. 542 Pine is a detached cape cod townhome. It faces west and is located between PCH and Prospect. 548 Pine sold last year for $2,349,000.

2 New Listings (click to see)

2 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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Post by Darren Pujalet

Darren has written 335 articles.

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