The Hermosa Market Is Still Chugging…More Huge Price Tags! 7 Day Market Update and Weekend Open House List – Hermosa Beach

6/21/19

6 New Active

4 In Escrow

5 Closed Sales

(see properties below)

64 Active Listings in Hermosa Beach

SFR- 37

TWNHS- 21

CONDOS- 4

Actives by Hermosa Areas:

Sand Section:             36 Active listings

Valley Section:             9 Active listings

East Hermosa:             19 Active listings

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

446 Monterey #G2 Listed for $1,250,000 3 bed/2 bath

446 Monterey  is a 34-unit complex on the east side of Monterey. This unit last sold in 2017 for $1,153,000, which was also the last unit to sale in this complex. 

1550 Loma Dr. #D Listed for $1,499,000 3 bed/2.5 bath

1550 Loma is a 4-unit townhome complex. Unit #B just sold for $1,230,000 however it is a bit smaller than #D (currently for sale). I think this property is priced well.

846 18th St Listed for $1,525,000 3 bed/2 bath

846 18th is a single-family home propped up on 18th street with nice ocean views on the horizon. This home last sold in 2011 for $815K.

Here are 2 other competing properties for sale:

Other Recent Sold:

701 Longfellow Listed for $1,599,000 4 bed/4.5 bath

701 Longfellow is a vacant lot ready for a new build. Longfellow was on the market for 254 days before cancelling and now it’s back on at the same price.

548 Pine Listed for $2,349,000 4 bed/3.5 bath

548 Pine was built in 2015. This detached townhome is on the corner of 6th and Pine, just east of PCH.  This home sold in 2016 for $2,250,000.

945 7th Listed for $2,899,000 4 bed/3.5 bath

945 7th sold 3 years ago for $1,662,500.  The little 3 bed, 1 bath home was torn down and 2 brand new detached townhomes are now occupying that space. This is a big number for a townhome east of PCH. This will be a good one to watch.

IN ESCROW

1600 Ardmore #328 Listed for $710,000 2 bed/2 bath

1600 Ardmore commonly comes up in our blog. This complex has 136 units. Since last February, there have been 7 condos sold and 2 are currently active.  This condo has been on and off the market since 2018 and now it has a buyer.

663 Longfellow Listed for $2,345,000 3 bed/2.5 bath

In only 2 weeks, this home is in escrow. 663 Longfellow is a single-family home with ocean views. This home sold in 2013 for $1,375,000.

1236 3rd Listed for $1,579,000 2 bed/2 bath

After just 36 days, this home has a buyer. 1236 3rd is a single-family home built in 1928 with Spanish charm. This home last sold in 2009 for $879K.

703 1st Listed for $1,699,000 3 bed/3 bath

After a $146K price improvement, this home is in escrow. 703 1st is part of a 2 on a lot townhome complex built in 1991. It was put on the market in September of last year for $1,995,000 and didn’t sell. It last sold in 2015 for $1,475,000.

CLOSED

209 Valley Sold for $1,025,000 2 bed/2.5 bath

This one sold quickly. 209 Valley is part of the Pacifica Villas complex located in the southern Hermosa Sand Section. This unit last sold in 1982 for $135,000. 

1822 Palm Sold for $1,175,000 2 bed/ 1.5 bath

In only 6 days this property has sold and closed. Palm is an extremely charming quintessential Hermosa Beach cottage. It sold “All Cash” with a 5-day escrow. Both buyer and seller are extremely happy. Full disclosure, this was our listing!

2311 Park Sold for $2,000,000 2 bed/2 bath

This home sold in only 10 days and $100K above the asking price. 2311 Park was built in 2000 and is located on the corner of Park and Loma Dr. This is a really nice northern Hermosa Sand pocket. The home last sold in 2009 for $1,155,000.

641 8th Sold for $1,810,000 4 bed/3 bath

That was quick…in only 1 week and for $11K above asking price.  641 8th is a single-family home built in 2002 and last sold in 2015 for $1,359,000.

720 24th Sold for $3,400,000 2 bed/2 bath

720 24th sits on a larger, 8121 sq. foot lot.  It sold for $200K over the list price. That’s a big price tag….the numbers don’t seem to make sense for a spec builder.  A new build could be worth $5M+ and have huge views, however other spec builds have had their challenges.

Recent For Sale and Sold:

6 New Listings (click to see)

4 In Escrow (click to see)

5 Closed Sales (click to see)

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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