Category: Oceanfront Homes
See the oceanfront homes on the Esplanade in Redondo Beach
Manhattan and Hermosa Oceanfront Home Market Alive and Well
When most people think of the ideal in luxury coastal living in Manhattan Beach and Hermosa, they think of the oceanfront homes of The Strand. While some fairly original homes still exist, most have long been replaced by spectacular homes with endless views of the beach and the ocean. The market for these luxury homes has been very active lately with some very notable sales and recent listings. The high water mark at the moment is the home being built in Hermosa Beach at 2666 The Strand, with an impressive 7000 feet on a very irregular shaped lot with great beach frontage. The home is listed at $14,250,000. The home at 3300 The Strand in Manhattan Beach recently was listed at $11,500,000 and quickly went into escrow.
A few notable sales have recently closed as well with 4112 and 4114 The Strand, built primarily as attached townhomes but with the ability to combine the two spaces fairly easily, closed at a combined sales price of $7,175,000 and 2020 The Strand selling at $9,450,000.
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
Manhattan Beach Luxury Home Market Strong in the Sand Section
Sand section homes in Manhattan Beach
The surf, the sun, the sand, the beautiful views…..the luxury home market in the Manhattan Beach sand section has remained strong although there has been a slow down of pending home sales since the end of summer. Currently there are 14 active homes and townhomes for sale in the sand section priced over $2,000,000. The average price for active listings in the sand section is $3,595,000 with the average sales price of $2,422,600 for homes sold since October 1, 2012.
Currently there are more homes for sale priced above $2.0M than below with 14 homes priced above and only 13 homes sub $2.0M. Much of the driving force of the high current list average is due to the number of oceanfront homes on The Strand as well as a number of luxury walkstreet homes.
Spectacular Ocean Front Home on the Esplanade of Redondo Beach
If you’re looking for endless ocean views with a coastal inspired home in the South Bay, the home at 807 Esplanade may just fit the bill. From the moment you walk in the home you are struck with incredible ocean views.
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