By the Numbers – Hermosa Beach Real Estate Recap 2018

2018 was a big year for real estate in Hermosa Beach. Although prices are still not at Manhattan Beach levels they’re getting closer all of the time.  See all of the homes that sold in 2018 or see the current homes for sale in Hermosa Beach.

  • 188 total on market homes were sold
  • 89 Sand section homes sold at a median price of $2,215,000 with median days on market of 23
  • 46 valley section homes sold at a median price of $1,498,500 and a median days on market of 14
  • 53 hill section homes sold at a median price of $1,500,000 and a median days on market of 23

See the chart below for a month to month picture of the Hermosa housing market in 2018

Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
For Sale 44 42 51 53 57 62 64 64 59 60 50 45
New Listing 37 18 26 36 34 34 22 24 20 23 12 6
Sold 6 16 18 18 20 18 20 18 12 18 14 10
In Escrow 21 12 16 27 22 17 14 16 15 14 14 9
Months of Inventory (Closed Sales) 7.3 2.6 2.8 2.9 2.9 3.4 3.2 3.6 4.9 3.3 3.6 4.5
Months of Inventory (Pended Sales) 2.1 3.5 3.2 2 2.6 3.6 4.6 4 3.9 4.3 3.6 5
Absorption
Rate (Closed Sales) %
13.6 38.1 35.3 34 35.1 29 31.3 28.1 20.3 30 28 22.2
Absorption
Rate (Pended Sales) %
47.7 28.6 31.4 50.9 38.6 27.4 21.9 25 25.4 23.3 28 20
Avg. Active Price  $3,393,000  $3,598,000  $3,370,000  $3,550,000  $3,800,000  $3,851,000  $3,489,000  $3,569,000  $3,692,000  $3,495,000  $3,424,000  $2,871,000
Avg. Sold Price  $2,086,000  $1,674,000  $1,762,000  $2,571,000  $1,897,000  $2,540,000  $2,047,000  $2,311,000  $1,732,000  $2,301,000  $1,903,000  $3,056,000
Avg. Sq. Ft. Price (Sold) 1044 1017 829 1025 953 990 1054 1115 914 1130 979 1450
Sold/List
Diff. %
98 99 100 97 99 99 98 98 98 98 95 93
Sold/Orig
LP Diff. %
90 95 98 96 97 97 97 98 98 93 91 87
Avg Days on Market 31 51 43 70 34 34 32 23 37 45 59 87
Median
Sold Price
 $1,343,000  $1,473,000  $1,728,000  $1,745,000  $1,687,000  $1,863,000  $1,742,000  $1,975,000  $1,715,000  $1,550,000  $1,625,000  $1,906,000

Bucking the low inventory trend – 8 Oceanfront homes on the Strand for sale in Hermosa

By Keith Kyle

With housing inventory in Hermosa Beach real estate seemingly never increasing, the oceanfront Strand is certainly the exception to the rule. As of March 21st there were 8 homes for sale on the Hermosa Beach Strand. The Strand is the beachfront strip made up of modern masterpieces, luxury homes and many original beach bungalows. Currently the lowest price beachfront home in Hermosa is priced at $6,900,000 being sold for land value with the highest priced home at $25M located at 2806 The Strand. One of the more interesting homes for sale is the home of Beverly Hills 90210 fame located at 3500 The Strand which sits on the border of Hermosa and Manhattan Beach. There are a number of Manhattan Beach oceanfront homes for sale as well.

Current Beachfront Homes for Sale in Hermosa Beach

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3500 The Strand – The Beverly Hills 90210 Beach House on the Market

By Keith Kyle

If you were born during or around the 70’s or just a pop culture fan, you’re certainly going to remember this house.  This is the place where Dylan, Brandon, Brenda and the rest of them hung out for the summer.  It also was a big turning point in the popularity of the show from what we’ve read as the show went from pretty tame to a bit racier when they hit the beach.

The home is actually located at 3500 The Strand in Hermosa Beach and is the very last home before the Strand takes a short push east and sits right on the border of Manhattan Beach and Hermosa.  It’s certainly not the only famous home in town but it’s one of the more recognizable.  We’re not quite sure how the 90210 crowd had it laid out, but it’s actually a triplex and given the unique location it fronts the beach on two sides.

All of this nostalgia and fame (more likely an extremely unique location for a future home) can be yours for a cool $16,500,000.  Contact us for more information.

Click to view the details and photos of 3500 The Strand in Hermosa Beach

 

Oceanfront Abundance – Beachfront Strand Homes for Sale in Hermosa Beach

By Keith Kyle

It’s unusual that in a market in which the inventory remains so low and buyers will scratch and claw for just about any properties in the Sand Section, that the inventory of oceanfront homes remains very high.  The obvious explanation is that most buyers are priced out of homes now starting in the $7.0M range, but this is a town of seemingly endless wealth.  What really is driving this is the combination of the exclusivity of being able to buy an oceanfront home and the pace at which home prices along this rare stretch of beach have risen.  Of the homes currently on the market (not including the condo hotel of the Beach House)and sold in the past 18 months the average sale price is almost $10.5M.

Hermosa-Strand-Oceanfront-Homes

March home sales in Hermosa Beach

By Keith KyleOceanfront Strand Homes

March saw a healthy number of home sales in Hermosa Beach and an ever climbing median home price.  The month of March 2015 saw 20 closed home sales in this small coastal community with a median home price of over $1,300,000.  The lowest priced home was a 1 bedroom in the Victorian, a condo complex of of Prospect.  The highest price home sale was an oceanfront piece of property at 2721 The Strand at $11,810,000.  The home sits on an oversized lot in a fairly ideal location in the north sand section.  Visit our South Bay home sales site to see other months and other cities.  Visit our MLS link to see the current homes for sale in Hermosa Beach, CA.

MLS# Type    Address  Price Bed/Bath Year
214087518 CONDO 15  15th ST #26   $              835,000 2/0,2,0,0 1969
SB15001346 SFR/D 40  7th CT   $          1,050,000 2/1,1,0,0 1974/ASR
SB15013926 SFR/D 551  3rd ST   $          1,345,000 3/2,0,0,0 1967/ASR
SB15027290 SFR/D 132  Neptune AV   $          2,350,000 4/1,1,0,0 1940/APP
PV15024805 TWNHS/D 340  26th ST   $          2,550,000 5/2,1,1,0 2007/ASR
SB15036581 SFR/D 2464  Hermosa AV   $          3,750,000 4/3,0,0,0 1953/ASR
SB15067261 SFR/D 429  24th ST   $          3,899,000 5/3,0,0,0 2008/SLR
SB14236847 SFR/D 1649  Monterey BL   $          4,495,000 5/5,0,0,0 2010/ASR
SB15018567 SFR/D 2222  Hermosa AV   $          4,500,000 5/1,3,2,0 2006/ASR
SB15063165 SFR/D 2721  The Strand   $        11,810,000 4/4,0,1,0 1948/APP
SB14249441 TWNHS/A 501  Herondo ST #66   $              830,000 2/1,1,1,0 1987/ASR
SB15025580 TWNHS/A 723  3rd ST   $              879,000 2/3,0,0,0 1985/ASR
SB14252683 TWNHS/A 736  Gould AV #3   $          1,004,250 3/2,0,1,0 1980/ASR
SB15013445 TWNHS/A 596  1st ST   $          1,275,000 3/2,1,1,0 2007/ASR
SB15019277 CONDO/A 2411  Prospect AV #210   $              410,000 1/1,0,0,0 1972/ASR
SB15036503 SFR/D 826  18th ST   $              960,000 2/1,0,0,0 1948/ASR
SB15035510 SFR/D 1126  1st ST   $          1,050,000 3/2,0,1,0 1964/ASR
SB15028986 TWNHS/A 803  20th ST   $          1,100,000 3/3,0,1,0 2006/ASR
SB15013386 SFR/D 902  6th ST   $          1,500,000 4/3,0,1,0 1987/ASR
OC14190820 SFR/D 900  15th ST   $          1,595,000 3/2,1,0,0 1920/ASR

The Best Part of Living at the Beach is…..Living at the Beach – Hermosa Walkstreets

By Keith KyleHermosa Beach walkstreet homes

The best part of living at the beach is…..living at the beach.  When it comes to really living at the beach,  the “walk streets” of Hermosa offer it all.  These pedestrian only “streets” are only found in the sand section and almost always mean that the homes are within a few blocks of the beach.

What makes these streets so unique and so valuable?

Most sand section homes on full lots face the street in the front, homes on both sides and an alley in the back.  Fronting the street means the obvious challenges of car noise, parking challenges and a much higher level of traffic, especially in the summer.  Walkstreets front a sidewalk instead of a street making for a much quieter, safer, and community friendly situation.

Most homes on these streets are full 30×90 foot lots with some being half lots or partial lots.  There is great demand by builders for
older “fixers” or tear downs due to the premium location.  Homes generally start in the $3,000,000 for a lot value sale and most larger homes start in the mid $5,000,000s.

63 18th StreetWhat makes the walkstreets different from the walkstreets in Manhattan Beach is the abundance of original beach bungalows.  As Hermosa has always had a bit more of a beach vibe, many of these older homes remain with some being beautifully remodeled and others still in fairly original condition.  These original cottages give these walkstreet a real beach feel and makes for an ideal environment to live the good life.

Unfortunately searching and finding homes only on walkstreets isn’t easy as there is no specific category on the local MLS to designate them.  If you would like to receive walkstreet listings please contact us or fill out our daily Hermosa Beach listing request and keep you notified anytime a new home comes on the market.

Two New Offerings in The Beach House Hermosa

The Beach House in Hermosa Beach is a very unusual housing option as it’s one of the only “condo/hotel” complexes in the South Bay.  Add to 1300-The-Strand-Beach-Housethat the fact that it happens to sit beach front near the Hermosa Beach pier area and it makes it all that more appealing for investors.   The owners can use the room (every room is individually owned and is not a timeshare situation) up to 90 days a year and the rest of the time it is rented and managed by the on site management.   Income from the unit is split 50/50 but they handle any and all maintenance, upkeep, management, rentals, etc.

At the moment there are two new listings, and one that has been on the market for a bit.

Click to see the current condos for sale in the Beach House in Hermosa Beach.

Beach Front Living on The Strand of Hermosa Beach

By Keith KyleOceanfront Homes

When most people envision perfection in beach living, they picture a home with endless views of the sand, surf and ocean.  The magnificent homes of The Strand offer just that.  With only a limited amount of space, these homes feature spectacular locations in which to sit back and relax.  Many of the original bungalows have been replaced with stunning estates with nano doors, high end amenities, and those panoramic views.  Homes range from the mid $6.0Ms to over $14,000,000.  Properties rarely come on the market and often sell quickly due to the unique and somewhat priceless location.   The majority of the properties are single family homes with a scattering of condos, townhomes and duplexes.  The most affordable option is the condo hotel located at 1300 The Strand known as the Beach House.

See the current beachfront homes on the Hermosa Beach Strand.