Hermosa Beach Sand Section Real Estate Update

The Hermosa Beach sand section has continued to be an incredibly hot market with inventory low, sales up and prices seeming to rise quickly.  Currently there are 15 active listings with almost all being standard sales as the inventory of foreclosure and short sale listings have almost completely disappeared.

Active listings as of 10/29/12.  For up to date information view our Hermosa Beach sand section listings.

Below is a list of the pending home sales in the sand section of Hermosa Beach as of October 29th, 2012.  Currently 13 homes are in escrow with the lowest price being a short sale condominum located beach front at 72 The Strand (priced dramatically too low) and the highest price being a single family home at 718 The Strand (on the corner of 35th and Hermosa Ave) priced at $6,300,000

MLS# Type Address Price Br/Ba Year Sq Feet
S709685 CONDO/A 447 HERONDO ST #103 $ 525,000 2/2,0,0,0 1978/ASR 1398
P836326 CONDO 320 HERMOSA AV #204 $729,000 2/2,0,0,0 1972/ASR 1049
S12044286 CONDO/A 1300 The Strand #305 $850,000 1/1,0,0,0 1998/ASR 469
V12114260 SFR/D 1635 Palm DR $950,000 2/0,2,0,0 1920/ASR 1002
S12113824 SFR/A 516 24th ST $995,000 2/1,0,1,0 1962/ASR 1302
S12124273 SFR/A 421 Gould AV $1,000,000 3/1,0,0,0 1955/ASR 1018
SB12132957 TWNHS/D 233 Lyndon ST $1,099,000 3/2,0,1,0 2006/BLD 2000
SB12129991 SFR/D 1617 Hermosa AV $1,100,000 2/1,1,0,0 1912/ASR 960
12620619 SFR/A 304 MANHATTAN AV $1,199,000 2/2.00 1948 1496
S12090810 TWNHS/D 836 Bard ST $1,359,000 4/3,1,0,0 2007/ASR 2120
S12105793 TWNHS/D 842 Bard ST $1,389,000 4/3,0,1,0 2007/ASR 2120
SB12131835 TWNHS/D 446 Bayview DR $1,485,000 3/4,0,0,0 1998/ASR 2199
SB12131502 TWNHS/A 900 Manhattan AV $1,539,000 4/4,0,0,0 2001/ASR 2322
SB12133012 SFR/D 2412 Silverstrand AV $1,649,000 3/1,2,0,0 1964/ASR 2224
S12072991 SFR/D 3501 Manhattan AV $1,699,000 3/2,0,0,0 1975/ASR 1903
Y1204492 SFR/D 229 24TH ST $1,799,000 4/3,0,1,0 1996/ASR 3211
S12114109 SFR/A 18 5th ST $2,199,000 3/4,0,0,0 2010/SLR 2155
S12075202 SFR/D 2448 Silverstrand AV $2,689,000 6/4,0,1,0 2001/ASR 4234
S12123796 SFR/D 2240 Monterey BL $3,100,000 4/2,2,0,0 1991/ASR 4080
S12069957 SFR/D 43 20th ST $4,395,000 6/5,0,1,0 2002/ASR 3669
S12123299 SFR/D 412 The Strand $4,875,000 5/2,2,1,0 1929/ASR 3833
S12118481 SFR/D 108 35th ST $4,950,000 4/2,1,1,0 2013/SLR 4000

Manhattan Village Real Estate Market Activity

While much of the South Bay and Manhattan Beach real estate markets suffer from low inventory and high demand, making it difficult for many buyers to find the right home, Manhattan Village has seen an abundance of listings in the past month.  There are currently 4 homes on the market, 2 of which are court homes and two are town homes.  In addition a plan 5 estate home is soon due to come on the market as well.  In addition there are currently 3 court homes in escrow as well as 2 estate homes, which are actually single family homes located in a different area of Manhattan Village.  Manhattan Village is a gated community in the coastal community of Manhattan Beach and home prices generally range from the low $700,000s to over $2.0M for certain estate homes.

September 2012 Closed Home Sales and Home Prices

Click on any South Bay city to view the sold homes in September 2012.  September was a strong month in terms of both the number of home sales as well as prices.  Combined median prices for the cities below reached their highest point since December of 2010, which was skewed by dramatically lower number of sales and number of home sales continued to be strong.  Monthly home sales were down a bit but the primary reason was the lack of inventory.

South Bay Communities and Real Estate Websites

Manhattan Beach homes
Hermosa Beach homes
south redondo
Rancho PV homes
Palos Verdes homes
North Redondo homes
Hollywood Riviera homes
Hollyglen homes
goldenhills
hawthorne homes
el camino village
torrance homes
Playa Del Rey
San Pedro homes
Gardena homes
Plaza Del Amo
Fusion townhomes
Three Sixty
manhattanvillage
Lomita homes
westchester homes
rolling hills estates
Rolling hills homes
oceanfront homes
Brookside Village
55+ senior condos
beachfront homes
Redondo Esplanade condos

Video Tour of Oceanfront Condos on the Esplanade in Redondo Beach

Oceanfront Condos on the Esplanade

When people envision living in Redondo Beach, they most often see themselves living oceanfront.  While the neighboring cities of Hermosa and Manhattan Beach have oceanfront homes on The Strand, most buyers are quickly priced out as those homes generally start in the mid $4.0M.  Not so in Redondo Beach with an abundance of oceanfront and ocean view condo options.  Ranging from studios to true oceanfront estates, Redondo has options for just about everyone.

Search the current condos for sale on the Esplanade in Redondo Beach

 
Golden Hills of Redondo Beach

Lack of Starter Homes Available in the Golden Hills of Redondo Beach

Many South Bay home buyers are looking for a starter home in the Beach Cities often look to the Golden Hills area of Redondo Beach.  The area offers homes often referred to as “tall and skinnies” due to the very narrow and long lots created when the area was originally subdivided.  The Golden Hills area is located just east of Hermosa Beach between Artesia and 190th.  Homes are often significantly less expensive then identical homes just several blocks away in the Hill Section of Hermosa.  The homes generally start in the mid $700K range for something with 1700 square feet or so, but there are always less expensive options….until recently.  While pulling comparables for a Redondo Beach home seller, it was hard to believe that of the 8 homes priced below $750,000 only one was active and all others were pending.  That’s a fairly incredible ratio, even in this very active market.  If home sellers are considering selling their entry level Golden Hills home, now may be a great time.

The chart below shows just how far down our inventory has come on single family homes priced below $750,000.  September of last year had 13 active SFR listings in the Golden Hills in this price range while now we only have one.  That’s a fairly incredible turn around in one year but the inventory has steadily dropped.

Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with Vista Sotheby’s International Realty in Manhattan Beach.  He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more.  Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.

 

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

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