hermosa beach

Beachfront homes for sale on the Hermosa Beach Strand

June 20, 2013December 19, 2023

New Beachfront home – 3001 The Strand Hermosa Beach CA

3001 The Strand, Hermosa Beach CA

The beach front homes of The Strand in Hermosa Beach is the epitome of luxury coastal living in Southern California. The newest luxury property to hit the market is located in the highly sought after North Hermosa sand section neighborhood at 3001 The Strand. The home was completed in 2007 and originally sold that year for $10,000,000. The home sits on a larger than normal lot of almost 4000 feet and enjoys a very spacious 6,000+ square feet with 6 bedrooms and 5 1/2 baths with panoramic views of beautiful Hermosa Beach and the pacific ocean beyond.

June 11, 2013March 9, 2023

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

First the good news for buyers. The number of new listings has continued to increase for the past several months with monthly increases since January (March was an exception). Unfortunately that hasn’t meant finding a home is any easier as the increase in listings has also seen a significant increase in home sales and pending escrows. According to Keith Kyle, Realtor with South Bay Brokers in Manhattan Beach, “the increased number of listings is a good sign, but it hasn’t alleviated much of the pent up demand.

Redondo Beach real estate trends

in Communities, Hermosa Beach, Manhattan Beach, Market Trends, North Redondo Beach, South Redondo Beach, Torrance Posted by Keith Kyle

Home Sales On the Rise in the Beach Cities

May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo. Both the number of sales and home prices were on the rise. The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise. According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market. We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”

View the homes sales by clicking any of the May 2013 home sale links below.

in Communities, El Camino Village, El Porto, Fusion South Bay, Golden Hills, Hawthorne, Hermosa Beach, Hollywood Riviera, Manhattan Beach, Manhattan Beach Hill Section, Manhattan Beach Sand Section, Manhattan Beach Tree Section, Manhattan Village, Market Trends, North Redondo Beach, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Posted by Keith Kyle

April 24, 2013March 9, 2023

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

Hemosa Beach and Manhattan Beach Walkstreet Homes

Prices have jumped considerably in the sand sections of both Hermosa Beach and Manhattan Beach, and much of the reason is the recent flood of the market of very high end luxury homes in A+ locations. Although there are a few oceanfront “Strand” homes for sale, the primary reason for the recent rise in median prices is the number of homes and townhomes on the highly sought after “walkstreet” locations. The current median price for a Hermosa walkstreet home is $3974,000 and the current average price is $4,447,500. The current median price for a Manhattan Beach walkstreet home is $3,350,000 and the average price is $4,123,000.

For more information on the Manhattan Beach or Hermosa Beach sand section, or any of these luxury walkstreet properties, please feel free to contact us at 310-251-2344 or keith@keithkylehomes.com.

in Communities, Featured Properties, Hermosa Beach, Homes of Note, Manhattan Beach, Manhattan Beach Sand Section, Market Trends, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle

Are Foreclosure Opportunities a Thing of the Past?

As a short sale listing expert, I’ve tracked the number of foreclosures, meaning both short sales and bank owned homes (REOs) in the South Bay for the past few years. It wasn’t long ago that each month there would be consistently over 100 short sale homes listed in Torrance alone. That certainly isn’t the case any longer. As of April 10th 2013 only 29 short sales were on the market in the cities of Lawndale, Gardena, Manhattan Beach, Redondo, Hermosa, Palos Verdes, El Segundo, San Pedro and Torrance combined.

The chart above shows the number of active short sale listings, pending escrows and sold homes for each month in the cities mentioned above. The light green bar shows the active listings, dark green shows sold homes with the red line showing the pending or “in escrow” homes.

in Foreclosures, Market Trends Posted by Keith Kyle

Hermosa Beach Real Estate – By the Numbers

The below chart offers a quick overview of the real estate market in Hermosa Beach as of March 4, 2013. The month of February saw 12 closed sales with 40 active homes for sale and 32 pending home sales in this small coastal community. Prices are definitely on the rise and is the case with neighboring Manhattan Beach and Redondo Beach, inventory is at near record lows while demand remains very high. Click here to view the recent Hermosa home sales by month, or the current MLS list of homes for sale in all areas of Hermosa Beach CA. The active listings averages and median home prices are skewed somewhat by the oceanfront home for sale at 2666 The Strand priced at $14,250,000.

12 February Closed Sales
		List Price	ADOM	Selling Price	BR	BA	Year Built	SqFt	Lot SqFt
	Min	$399,000	4	$ 345,000	1	1	1929	450
	Max	$4,975,000	1011	$ 4,600,000	5	5	2012	4,040	10,132
	Avg	$1,541,167	116	$ 1,476,667	3	2.75	1978	1,929	4,008
	Sum	$18,494,000		$ 17,720,000

40 Active Listings
		List Price	ADOM	Selling Price	BR	BA	Year Built	SqFt	Lot SqFt
	Min	$335,000		–	1	1	1920	439	973
	Max	$14,250,000	328	–	6	8	2013	7,000	43,536
	Avg	$1,819,950	62	–	3	3.2	1982	2,117	9,278
	Sum	$72,798,000		–

32 Pending Sales
		List Price	ADOM	Selling Price	BR	BA	Year Built	SqFt	Lot SqFt
	Min	$335,000	1	–	1	1	1924	440	1,007
	Max	$3,289,000	321	–	4	5	2013	3,700	59,585
	Avg	$1,025,369	64	–	3	2.61	1978	1,755	9,451
	Sum	$32,811,800		–

in Hermosa Beach, Market Trends Posted by Keith Kyle

New Beachfront home – 3001 The Strand Hermosa Beach CA

3001 The Strand, Hermosa Beach CA

South Bay Home Listings On the Rise….As Well as Pending Sales and Sold Homes

Home Sales On the Rise in the Beach Cities

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

Hemosa Beach and Manhattan Beach Walkstreet Homes

Are Foreclosure Opportunities a Thing of the Past?

Hermosa Beach Real Estate – By the Numbers

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