Inventory Is Still Driving The Market. 7 Day Market Update – Hermosa Beach

Inventory is still driving the market nationally and here in Hermosa. We have 55 Active properties for sale and 36 in Escrow. That equals 1.5 months of inventory available for buyers (55 divided by 36), which is historically very tight, and gives sellers an extra advantage. 

7/17/2020

4 New Active

4 In Escrow 

6 Closed Sales 

(see properties below)

57 Active Listings in Hermosa Beach

SFR- 29

TWNHS- 21

CONDOS- 3

Actives by Hermosa Areas:

Sand Section: 40 Active listings 

Valley Section: 4 Active listings 

East Hermosa: 13 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

642 Hermosa Listed for $1,875,000 3 bed/2.5 bath

642 Hermosa is an attached townhome built in 2007. 640 Hermosa just sold for $1.9M in April. 

424 28th Listed for $3,500,000 5 bed/4.5 bath

424 28th is a single family home, one street north of Gould and Valley Park. This lot sold 20 years ago for $550K. At the time, it was a little 3 bed 1 bath 924 sq. foot home prior to the 2007 built new construction. 

942 15th Listed $2,725,000 4 bed/3.5 bath

942 15th was built 3 years ago. This home is east of PCH and very close to Pier Avenue. It was for sale in February for one month, didn’t sell and is now back on the market listed slightly lower. 

1022 17th Listed for $1,699,000 3 bed/2 bath

1022 17th is a duplex in east Hermosa. The lot size is 5,607 sq. feet and it’s possible 2 townhomes can be built. There is a 2 bed 1 bath unit and 1 bed 1 bath unit. 

IN ESCROW

822 6th Listed for $1,999,999 4 bed/4 bath

After 6 months and several price reductions this home is in escrow. 822 6th is a single family home located east of PCH with some ocean views. This home sold in 2015 for $1,799,000. 

1602 Loma Listed for $3,000,000 5 bed/3 bath

1602 Loma is a 1920’s triplex in the sand section. It is currently vacant and is being sold with plans. This is a big number for the land, however there are 2 brand new townhomes a few doors to the north priced around $3M each. 

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.

267 Valley Listed for $995,000 3 bed/2.5 bath

267 Valley is part of a townhome community next to South Park on the corner of 2nd and Valley. The property history shows that it sold less than a month ago on 06/24/20 for $846,000?

CLOSED

136 Hill Sold for $2,895,000 6 bed/4 bath

136 Hill is a single-family home located in the sand section with some ocean views in the distance. It last sold for $ 1,899,000 in 2015.

707 3rd Sold for $1,560,000 2 bed/1 bath

707 3rd is a single family home on a 4608 sq. foot R-2 zoned lot, which means you may be able to build 2 townhomes.

2031 Hillcrest Sold for $1,887,500 3 bed/4 bath

2031 Hillcrest a single-family home that has been completely remodeled. This home sold in 2014 for $725K.

900 Manhattan Ave Sold for $2,390,000 4 bed/3.5 bath

After 4 months on the market, this home has sold. 900 Manhattan is an attached townhome built in 2001 with ocean views. This home sold for $2.3M in 2016.

831 6th #1 Sold for $949,000 2 bed/1.5 bath

This home solid in 1 week. 831 6th is a smaller attached townhome with 1054 sq. feet of living. This home last sold in 2004 for $615,000.

822 9th Sold for $2,500,000 5 bed/4 bath

822 9th is a brand new 2020 build. It was put on the market in February.

4 New Listings (click to see)

4 In Escrow (click to see)

6 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

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