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   
Hermosa and Redondo Beach

2666 The Strand, Hermosa Beach 90254 Oceanfront Home For Sale

Record Setting Sale Closes in June 2023

2666 The Strand Hermosa Beach CA 90254

Sold off market for $19,450,000 (all time record as of 6/23)

It was only a few weeks ago when 2826 The Strand Hermosa Beach that sold in May of this year for $18,590,000 which was a record sale price…..well that record didn’t last too long.

Listed by Robb Stroyke of Bayside, the new highest priced home sale in Hermosa Beach just closed and it sold off-market.

2666 The Strand Hermosa Beach just closed escrow for an incredible $19,450,000.

Search the current beachfront homes for sale on The Strand in Hermosa Beach

Just about everything with 2666 The Strand was unique from most beachfront Strand homes in Hermosa Beach California

Unlike the usual rectangular lots that front the beach, this one was somewhat triangular with a very narrow side on the east, but more importantly a very wide side facing the beach.  The lot featured an incredible 71 feet of beach frontage.  The home was also camparatively enormous offering almost 7,000 square feet.  The home took full advantage of the oversized frontage with glass window walls and a very unique infinity type pool out front.

2666 The Strand Hermosa Beach Details

  • 5 bedrooms
  • 6.5 bathrooms
  • 6,857 square feet
  • Irregular shaped 4,380 sq foot beach front lot
  • 71 feet of beach frontage
  • Built in 2013
  • Sold at $19,450,000
  • Listed by Robb Stroyke – Bayside – 310-545-9595

2666 The Strand in Hermosa Beach

Beachfront homes for sale on the Hermosa Beach Strand

Is the Hermosa Beach Real Estate Market Calming Down?

**Please note that this is a post from 2013 and the information and opinions are no longer current**

Hermosa Beach has seen prices rise as demand has boiled over due to severalBeachfront homes for sale on the Hermosa Beach Strand months of very low home inventory but perhaps we’re starting to see that even out just a bit. The number of homes for sale has stayed relatively flat for 3 months now despite significant pressures due to pent up demand.  Click to view the active homes for sale in Hermosa Beach.

In addition we’ve seen an increase in months of inventory due to a higher number of new listings as of late. Inventory had been slowly declining for the past 12 months with December reaching a low point of only 1.2 months of inventory on the market. January saw a jump up to 4 months but as Hermosa is a very small community numbers do tend to fluctuate on occassion.

Redondo Beach real estate trends

Wondering Why You Can’t Find that Dream Home in the South Bay?

It’s no secret that it’s a frustrating world out there for home buyers.  Oh how quickly things turned from a strong buyers market to a market clearly favoring sellers.  According to Redondo Beach Realtor Keith Kyle “There is incredibly low inventory everywhere and the high demand areas of the South Bay such as Manhattan Beach, Hermosa Beach and Redondo Beach have little to offer buyers at the moment”.  To make life even more frustrating for Beach Cities home buyers, is that the moment a well priced home comes on the market, the frenzy starts with buyers often going way over asking price, waiving the appraisal contingency and simply buying homes above current market value.  The chart below sums it up pretty clearly with the number of active homes for sale in the South Bay plummeting from over 1500 a year ago to just over 600 in December of 2012.  This is while the number of closed sales has remained steady.

To view the current homes for sale visit our South Bay MLS search, or click our recent home sale page to see the most recent home sales in the South Bay cities of Manhattan, Hermosa, Redondo Beach, Torrance, El Segundo and surrounding areas.

Keith Kyle realtor for sale sign

Want to Know Why You Can’t Find a South Bay Home?

If you’re like many South Bay home buyers, you’re probably experiencing theKeith Kyle realtor for sale sign frustration that so many others are….there are no homes to buy.  With this incredibly low inventory the few homes that do come on the market don’t last more than a few days and often sell for prices that would have been a major challenge just a few months ago.  It might be temporary, but back are the days of multiple offers, conditions favorable to the sellers, offers over the list price and a number of cash buyers to compete with.  Inventory just keeps going down with fewer and fewer available homes to by.  If it’s hard to picture just what’s happening the chart below couldn’t be clearer.  The light green bar shows the number of active homes for sale in the cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.  The teal columns show sold homes and the red bar shows the pending home sales.

Hermosa Beach Real Estate – By the Numbers December 2012

Hermosa Beach real estate market update for December 2012

By the Numbers:

  • 34 – Active homes for sale in Hermosa Beach
  • $349,900 – Lowest priced home (condo/hotel in The Beach House Hermosa)
  • $6,300,000 – Highest priced home (oceanfront Strand home)
  • $949,000 – Median home price
  • 102 – Average days on market

 

  • 16 – Single family homes for sale
  • $819,000 – Lowest priced single family home for sale
  • $6,300,000 – Highest priced single family home for sale
  • $2,629,000 – Average price of current sfrs (number is skewed due to 2 oceanfront Strand homes)
  • 70 – Average Days on Market

 

  • 18 – Number of current condos and townhomes for sale
  • 35 – Pending home sales
  • 17 – Single family homes in escrow
  • 18 – Condos and townhomes currently in escrow

 

  • 14 – Number of completed home sales in past 30 days
  • $575,000 – Lowest price home
  • $3,950,000 – Highest price home (oceanfront Strand home)
  • $952,450 – Median home price

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Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

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Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

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