This Weeks Hermosa Beach Open Houses

If you’re looking for a great beach house, Hermosa is the town for it.  Take a look at this weeks open house list.  If the list isn’t updated please visit our South Bay open houses information site.

 

Featured Listing – 618 1st Street Hermosa Beach

By Keith Kyle618_1st_St_front1 copy

Located just a few short blocks to the beach at 618 1st Street, this beautiful detached Cape Cod designed townhome offers the best in beach living.  Very rare for this area of Hermosa, the home is completely detached and feels like a single family home with great outdoor spaces and a private entry. With a mid level entry and reverse floorplan, the formal entry offers soaring ceilings, hardwood floors and is bathed in natural light.  Entry level features the master suite, 2 spacious bedrooms, convenient laundry area, and a full bath.  The enormous master suite features dual walk in closets, new carpet and paint, and an beautiful bath with jacuzzi tub and  shower.  The upper level offers an incredible amount of space with an open and flexible layout that can adapt to your lifestyle.  The living room features vaulted ceilings, beautiful gas fireplace, and 4 French doors allow for direct access to the patio to take in the near perfect weather.  The top floor also features an oversized and open kitchen with recessed lights, stainless appliances sits cental to both the living room and huge dining room.  Head up to the rooftop deck for great ocean and city light views.  The home also offers a nice backyard area with deck and artificial turf, and a two car attached garage.  All of this ideally located in Hermosa Beach, recently voted the 10th “Happiest Seaside Towns in America” by Coastal Living Magazine.

 Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information or for a private showing.  Details and videos at 618FirstStreet.com



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Coming Soon – Detached Townhome just blocks from the beach in Hermosa

By Keith Kyle618 1st Street Hermosa Beach

Coming in mid July, 618 1st Street in beautiful Hermosa Beach. This completely detached townhome offers 2080 square feet with all three bedrooms on the same level. Just a few blocks to the beach this spacious home offers great ocean views from the rooftop deck, a huge and open kitchen, hardwood floors, rececessed lights, great outdoor spaces and an attached 2 car garage.  Built in 1998 this home offers a fantastic layout, large and open rooms, high ceilings and sits on a very quiet street.

  • 618 1st Street
  • 2080 Sq Feet618 1st Street Hermosa Beach for sale
  • 3 bedroom 2 1/2 bath
  • Built 1998
  • Completely detached
  • Ocean view decks

Email or contact Hermosa Beach listing agent Keith Kyle of Vista Sotheby’s for more information.

December Home Sales in Hermosa Beach

By Keith Kyle315_26th_St_front4 copy

December saw some significent home sales in Hermosa Beach, especially in the sand section. With prices at an all time high the new normal for values is fairly incredible.  Below is a list of all of the homes that closed escrow in December 2015 which was far from the slow month people often think the holidays create.  See the home sales for other South Bay cities including Manhattan Beach, Redondo Beach, Torrance and more.

Click here to view the current homes for sale in Hermosa Beach.  Please feel free to contact us for information on any of the sold home or current listings.

Type   Address  Price  Beds/Baths Year Built Square Feet
CONDO/A 1300 The Strand #127  $              525,000 1/1,0,0,0 2001/ASR 440/A
SFR/D 435 8th ST  $              777,777 1/1,0,0,0 1923/ASR 480/A
CONDO/A 444 Hermosa AV 102 #102  $          1,475,000 3/1,2,0,0 1988/ASR 1781/A
TWNHS/A 159 Monterey BL #A  $          1,500,000 3/3,0,0,0 1979/ASR 1974/S
SFR/D 242 Longfellow AV  $          1,575,000 2/2,0,0,0 1933/ASR 1056/A
TWNHS/D 506 25th  $          2,265,000 4/3,0,1,0 2015/BLD 2710/B
TWNHS/A 1501 Monterey  $          2,300,000 4/3,0,1,0 2015/EST 2000/AP
SFR/D 244 Longfellow AV  $          2,400,000 6/3,0,0,0 1953/ASR 1969/A
SFR/D 701 Loma DR  $          2,525,000 4/3,1,0,0 2004/ASR 2730/A
SFR/D 70 10th ST  $          2,960,000 3/1,1,0,0 1910/ASR 1512/A
TWNHS/D 1517 Hermosa AV  $          3,730,000 4/1,2,1,0 2015/BLD 2684/B
SFR/D 801 Hermosa AV  $          4,015,000 4/5,0,2,0 2015/APP 4003/A
CONDO/A 1600 Ardmore AV #327  $              580,000 2/2,0,0,0 1970/ASR 980/A
SFR/D 2524 Ardmore AV  $          1,297,000 2/1,0,0,0 1951/ASR 940/A
SFR/D 1920 Springfield AV  $          2,175,000 5/3,0,1,0 2009/SLR 3277/S
CONDO/A 2411 Prospect AV #107  $              410,000 2/1,1,0,0 1972/ASR 866/A
CONDO/A 2411 Prospect AV #125  $              525,100 2/1,1,0,0 1972/ASR 919/A
SFR/D 824 17th ST  $          1,500,000 3/2,1,0,0 2001/ASR 2683/A
TWNHS/A 1111 17th ST  $          2,100,000 4/3,0,1,0 2015/BLD 2700/B
SFR/D 1286 Bonnie Brae  $          2,150,000 5/4,0,0,0 2008/ASR 3666/A

647 24th Place To Be a Good Market Indicator for Flipped Homes

By Keith Kyle,24th street hermosa beach

There is no question that the luxury flipped home market has slowed considerably in the past 6 months.  With “fixers” being listed and sold at fairly unbelievable prices, the opportunities just are not often there for flippers.  The most recent rehab properties to come out are generally fixer homes purchased at the beginning of the year or sooner.  The recent flip at 647 24th Place in Hermosa Beach should be a good litmus test whether the market is still there for recently flipped homes.

Unlike most flips, with the focus being almost exclusively on the easy cosmetic upgrades, the home at 24th Place did some major work, and the results were fantastic.  When we first saw this home back in November of 2014  it hit the market at $1,079,000.  It sold quickly at $1,300,000.  The home had great views, a good sized yard, and a nice location west of PCH, but boy did it require some imagination.  Imagination they had….

The home has been reinvented and layout completely reconfigured.  When we first saw the home the kitchen, living room and family room were on the first floor, while all of the bedrooms were on the second floor.  This redesign went well beyond the norm and completely flipped (pun intended) the layout with the bedrooms now downstairs and living areas upstairs.  What that’s done is to allow the more frequently used areas to have the best views in the house.  In addition they extended the front living room ceiling and added an entirely new row of windows allowing for a much larger sense of space, great light, and spectacular views.  The home is currently listed for $2,200,000 which is a very big number for a home this size in this neighborhood, but with the impressive new layout, high end finishes, and so little on the market….it just may be close.  Click here to see details and photos of the home at 647 24th Street in Hermosa Beach.

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Home Inventory on The Rise….Unfortunately It Has No Where to Go But Up

By Keith Kyle

Hermosa Beach is a small coastal town that’s seen housing demand skyrocket in the past 2 years while inventory has been at record lows.  The good news is that inventory is slowly going up and has doubled since December.

Hermosa Beach home inventory

The chart above looks promising until you view it in context with the chart below. Although inventory is on the rise is coming off all time lows and really has nowhere to go but up. Hopefully the trend will continue as the summer buying season is traditionally a time when sellers know buyers are actively and eagerly looking, partly due to the lifestyle that’s hard not to love and partly to families trying to get their kids in Hermosa’s award winning school district.

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

Hermosa Beach February Home Sales Slow As Inventory Way Down

By Keith KyleSunset Strand reflections

Hermosa Beach saw another slow month of home sales as inventory continued at record low numbers.  Although there were several “off market
sales, the sales recorded in the local MLS numbered a paltry 9 homes.  Although the number of home sales was down the sales prices once again were anything but low as the lack of inventory and high demand led to another month of big numbers.  The lowest home price was $640,000 for the 2 bedroom condo located at 320 Hermosa Ave while the top sale of the month was for the fixer/tear down at 136 Neptune…a stones throw from the beach.  View the February home sales below.  To see other South Bay cities or home sales in other months, visit our South Bay recent sales information page.

MLS# Type   Address  Price  Bed/Bath Year Sq Feet
SB14217595 CONDO/A 320 Hermosa AV #101  $ 640,000 2/1,1,0,0 1972/ASR 1115/A
SB14005999 TWNHS/A 1106 Palm DR  $ 2,150,000 4/3,0,1,0 2006/ASR 2660/A
SB14100959 SFR/D 402 31st ST  $ 2,399,000 3/2,1,1,0 2003/ASR 3098/A
SB15014319 SFR/D 136 Neptune AV  $ 2,450,000 3/2,0,0,0 1967/ASR 1542/A
SB15015351 TWNHS/A 501 Herondo ST #64  $ 789,000 2/2,0,1,0 1987/ASR 1439/A
SB14251132 TWNHS/A 635 5th ST  $ 1,575,000 4/3,0,1,0 2014/BLD 2770/B
SB14232390 SFR/D 1216 11th PL  $ 760,000 3/1,0,0,0 1956/ASR 912/A
SB15016909 SFR/D 825 18th ST  $ 1,185,000 3/2,0,1,0 1965/ASR 2344/A
SB14241320 SFR/D 1733 Prospect AV  $ 1,450,000 3/3,0,0,0 1974/ASR 2250/A

Hermosa Beach Needs Some New Housing Inventory

By Keith KyleHermosa Beach Walkstreet Beach Bungalow

The Hermosa Beach real estate market continues to be driven by the lack of homes on the market and the continued high demand for this charming coastal town.  With only 1.4 sq miles in the city, there is never an abundance of homes for sale, but recently there has been almost nothing to purchase.  Inventory has been extremely low for almost 2 years and it doesn’t appear that there’s any quick turnaround in the near future which continues to increase the demand for just about every type of home and in all three “sections” of the city.  The market has also been impacted by the extensive building boom going on making it even more challenging for owner/users.  This has meant that homes usually bought as “starter” homes are being swept up by builders willing and able to pay all cash and a quickly close.  We will likely see no real improvement in inventory for the rest of 2014 or beginning of 2015 but hopefully the period of late January, when the market picks up, will lead to an increased number of home sellers realizing just what a good market it is and will finally see the start of a return to a balanced market.

October a Good Month for Hermosa Beach Home Sales

October was another strong month for Hermosa Beach home sales with 16 closed home sales with a median home price of $1,267,000. Of the 16 sales 5 sold above their list price, with the rest selling at either list price or fairly close.  With inventory remaining so low for this small coastal community, the demand has remained very strong with most homes selling quickly at near record prices.  See below for the home sales in the month of October.    Click here to see the current homes for sale in Hermosa Beach

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