Just when you think it’s slow…the # of escrows skyrockets…Read about these…7 Day Market Update and Weekend Open House list- Hermosa Beach

UPDATE_HEADER
7/15/16
2 New Listings (click to see)
13 In Escrow (click to see)
4 Closed Sales (click to see)

49 Active Listings in Hermosa Beach
SFR- 34
TWNHS- 12
CONDOS- 3

Actives by Hermosa Areas:
Sand Section: 31 Active listings
Valley Section: 6 Active listings
East Hermosa: 12 Active listings
Screen Shot 2016-07-14 at 9.53.43 PMScreen Shot 2016-07-14 at 9.54.01 PMScreen Shot 2016-07-14 at 9.54.12 PMScreen Shot 2016-07-14 at 9.54.19 PM
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
1338 Manhattan Ave Listed for $1,799,000 3 bed/3 bath
1338
This attached townhome is located just a few steps to Pier Avenue and a block and half to the beach. It was on the market last year for $1,675,000 and after 82 days, it was taken off the market

445 Monterey Listed for $2,080,000 4 bed/5 bath
445
This detached 2-on-a-lot townhome was built in 1998. This unit last sold in 2005 for $1,425,000. It was on the market in 2014 for 83 days at $1,880,000 and didn’t sell.
IN ESCROW

123 Bayview Listed for $1,749,000 3 bed/3.5 bath
123
This one just hit the market a week ago and already has a buyer. This is a detached townhome located a block and a half to the beach. It sold 3 years ago for $1.4M as new construction.

501 Gentry Listed for $1,399,000 4 bed/2 bath
501
It took only 2 days on the market for this single family home to sell. It last sold in 2012 for $799K.

3410 The Strand Listed for $6,749,000 3 bed/3.5 bath
3410
After only a month on the market, this Strand home has a buyer. Even though it is a smaller lot and home, which may not be good for a family, it offers a location that appeals to a wide variety of buyers (2nd home owners, empty nesters, etc.).

439 Palm Listed for $2,399,000 4 bed/4.5 bath
439
After 3 weeks, this attached townhome has a buyer. It is part of a 2-unit townhome development. Its partner (438 Hermosa Avenue) sold earlier this year for $2,975,000.

617 Longfellow Listed for $1,800,000 4 bed/2 bath
617
Another Longfellow property for sale…sold in 3 weeks! It’s a duplex located about 5 properties east of the greenbelt. This property last sold in 2010 for $980K. There are 6 townhomes being built sitting on 3 different lots to the west. They were 3 different duplexes prior to the new construction.
The dirt was sold for:
$1,650,000 605 Longfellow Sold in 2014
$1,625,000 609 Longfellow Sold in 2014
$1,625,000 613 Longfellow Sold in 2014
$1,710,000 601 Longfellow Sold in 2014 (sold across the street)

1919 Springfield Av Listed for $1,950,000 3 bed/3.5 bath
1919
This one hit the market in May and now it has a buyer. It’s a single family home located just west of PCH and east of the greenbelt. This home last sold in 2012 for $1,295,000.
Here are 4 single-family Springfield sales within the last 2 years:
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165 Manhattan Listed for $1,995,000 3 bed/4 bath
165
In just under 2 months, this detached townhome has a buyer. The property last sold in 2008 for $1,250,000.

717 24th St Listed for $5,000,000 4 bed/4.5 bath
717
After just a few months on an off the market and a $500K price increase, this property has a buyer. It hit the market last December for $5,350,000 but didn’t sell. It last sold in 2008 for $889K. Once a 3 bed, 2 bath 1300 sq. foot home, it is now a 4 bed, 4.5 bath, 5167 sq. ft. home…with ocean views.

1514 Silver St Listed for $885,000 1 bed/1 bath
1514
This one took over 3 months and a price reduction to get into escrow. It’s a great little cottage located east of PCH, right on the Redondo border. The home was built in 1931. This property last sold in 2013 for $570K.

1501 Palm Listed for $3,485,000 4 bed/4.5 bath
1501
This Starr designed newly constructed attached townhome is in its final stages of completion. It is located just a short stroll to the sand and has ocean views right down 15th street. This lot was purchased in 2013 for $1,725,000 prior to building the 2 current townhomes.

54 10th St Listed for $1,599,900 2 bed/2 bath
54
It took over 3 months and a $100K price reduction, however this one is in escrow. This is a single family home, one half block from the strand. It last sold in 2010 for $850K.

2411 Prospect #109 Listed for $425,000 1 bed/1 bath
2411
This unit sold last year for $415K. 2411 Prospect is a 64-unit building that has had over 20 sales since the beginning of 2013. We have written about this complex numerous times since our blog inception.

1641 Manhattan Ave Listed for $2,749,000 5 bed/3.5 bath
1641
It only took 13 days! This single-family last sold in 2006 for $1.6M, prior to the last crash. Even though the bones have existed since 1965, the home has been extensively remodeled.

CLOSED
2030 Prospect Ave Sold for $1,550,000 3 bed/3 bath
2030
After just 3 weeks this home sold for $99K below the initial asking price. It is located just east of PCH and has ocean views from the rooftop deck. It last sold in 1997 for $210K prior to the remodeled in 2004.

1707 Pacific Coast #408 Sold for $430,000 1 bed/1 bath
1707
This one didn’t even make it a week before finding a buyer…and it sold for $6K above the asking price. The last sale prior to this was in 2007 for $415,000.

1946 Loma Dr Sold for $1,100,000 1 bed/1 bath
1946
It took over a month and a $199K price reduction, however this cottage sold. It was purchased for the dirt (4,768 sq. ft. lot). This home last sold in 1986 for $169K.

2411 Prospect #117 Sold for $510,000 2 bed/2 bath
2411
It took just about 6 weeks and $9K off the asking price for a deal to be met.
Below are the sales over the past year in this complex:
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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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