Is The Spring Selling Season Starting Right Before Summer? 7 Day Market Update – Hermosa Beach

Market activity has improved over the last 2 to 3 weeks here in Hermosa. Inventory is still low, however as often the case, there is a percentage of properties that will collect days on market due to lack of appeal, price, functionality, etc. Of the 9 pending and closed properties this week, 4 of them sold in 7 days or less. Good inventory is moving quickly. We have 54 properties currently on the market for sale and 20 properties in escrow.

5/21/2020

4 New Active

7 In Escrow

2 Closed Sales

(see properties below)

54 Active Listings in Hermosa Beach

SFR- 33

TWNHS- 15

CONDOS- 3

Actives by Hermosa Areas:

Sand Section:             31 Active listings

Valley Section:             11 Active listings

East Hermosa:             12 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

2806 The Strand Listed for $18,995,000 6 bed/8 bath

2806 The Strand was built in 2012 and is situated perfectly between the Manhattan Pier and Hermosa Pier. This home was on the market in 2017 for $25M, but did not sell.

710 8th Listed for $2,650,000 4 bed/3.5 bath

710 8th is a 2004 built single family home, west of PCH, with a rooftop deck. This home last sold in 2013 for $1,675,000.

1705 Bayview Dr. Listed for $3,199,000 4 bed/4.5 bath

1705 Bayview is a brand new attached townhome built last year. It was active on the market for 175 days last year before it was relisted with a different real estate company.

248 27th Listed for $2,179,000 3 bed/2.5 bath

248 27th is a single family home in the sand section, 2 blocks to the sand. It last sold in 2016 for $1.8M.

IN ESCROW

501 Herondo #9 Listed for $1,099,000 2 bed/2.5 bath

This condo went into escrow  after 2 weeks. 501 Herondo is part of a larger townhome complex located on the corner of Ardmore and Herondo. This unit sold 2 months ago for $950,000 and has since been renovated.

1037 2nd Listed for $3,099,000 4 bed/3.5 bath

1037 2nd is back in escrow after coming back to the market for 2 weeks. This home was built last year and the lot was purchased in 2018 for $1.3M.

663 Longfellow Listed for $2,400,000 3 bed/2.5 bath

663 Longfellow is a single family home on the popular Longfellow street. This home sold in 2019 for $ 2,290,000.

3112 Hermosa Avenue Listed for $4,100,000 3 bed/3 bath

This home was built in 1935 and went into escrow in less then a week.

2411 Prospect #117 Listed for $675,000 2 bed/2 bath

2411 Prospect sold in less than a week. This unit last sold in 2016 for $510,000.

446 Bayview Dr. #2 Listed for $2,100,000 3 bed/3.5 bath

446 Bayview is a detached townhome in the sand section of Hermosa. This home sold last April (2019) for $1.9M.

926 1st #4 Listed for $1,005,000 2 bed/2.5 bath

In only 3 weeks and after a $20K price reduction, this home has a buyer. 926 1st is an attached townhome on the Hermosa/Redondo border. This home has a deck with views.  945 1st, which is slightly larger, sold last November for $1,150,000.

CLOSED

619 Longfellow Sold for $2,950,000 4 bed/3.5 bath

In 40 days and after a $250K price reduction, this home has sold. 619 Longfellow is a brand-new, 2020 built detached townhome. The 6 townhomes to the west (built in 2017) sold in the range of $2.45M – $2.85M after completion.

1515 Monterey Sold $1,340,000 2 bed/1 bath

1515 Monterey sold off-market. This adorable beach cottage is on the west side Monterey. It was on the market in 2015 for $1,285,000. I believe it was sold with approved plans to build a new single family.

4 New Listings (click to see)

7 In Escrow (click to see)

2 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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