New Construction Homes on the Rise in Hermosa Beach

By Keith KyleNew Homes in Hermosa Beach

It would seem you can’t look down any street in Hermosa Beach without seeing a new home at some stage of construction.  As prices have skyrocketed in the past 18 months builders have actively sought out any “fixers” or original bungalows to tear down and replace with a maximum sized luxury property in it’s place.  As with everything in real estate location is the primary target of builders but with such limited housing inventory builders seem to be interested in just about any location or lot at this point.

With the current lack of housing inventory and incredible demand in this small luxury coastal community, many of these homes sell prior to going on the market.   As of early summer 2014 home prices in the sand section for these new construction homes generally have started in the low $3.0M and high points have been $5.0M+.    Contact us for information on upcoming listings or to keep current on pocket, off market and upcoming home listings.

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