March 2016 Median Home Prices for Hermosa Beach CA and the South Bay.

By Keith Kyle

The numbers for March are in and it was a solid month for the coastal community of Hermosa Beach.  March saw 16 homes sales which is on the low side, with a median price of $1,183,000 which is also on the lower side of the recent real estate market.

City Homes
Sold
March
2016 Median
March
2015 Median
Year
over Year % Change%
Carson 54 $447,500 $426,500 4.9%
El Segundo 10 $1,006,000 $849,000 18.5%
Gardena 58 $475,000 $403,500 17.7%
Harbor City 14 $450,000 $455,000 -1.1%
Hawthorne 36 $513,000 $642,000 -20.2%
Hermosa Beach 16 $1,183,000 $1,310,000 -9.7%
Lawndale 10 $385,000 $447,000 -13.9%
Lomita 11 $530,000 $481,000 10.1%
Long Beach 327 $478,000 $414,000 15.3%
Manhattan Beach 41 $2,275,000 $1,940,000 17.3%
Marina Del Rey 18 $1,025,000 $860,000 19.2%
Palos Verdes Estates 28 $1,355,000 $1,400,000 -3.2%
Playa Del Rey 18 $560,000 $546,000 2.6%
Rancho Palos Verdes 56 $1,156,250 $1,044,500 10.7%
Redondo Beach 89 $893,000 $862,000 3.7%
San Pedro  80 $554,000 $481,000 15.1%
Torrance 133 $615,000 $530,000 16%
Westchester 25 $910,000 $854,000 6.6%

Hermosa Beach Home Sales and Home Prices for February 2016

By Keith Kyle1072_7th_St_view4 copy

The South Bay saw another strong month for home prices in February, although a few cities, including Hermosa Beach, saw big percentage drops in average home prices.  Those numbers, especially in Hermosa, don’t really mean much due to the very small number of homes sold each month, but taken over times gives a good indication as to what is happening in the local Hermosa Beach real estate market.

Hermosa Beach had a fairly typical month with 17 home sales, but median price dropped quite a bit from the year prior to $1.225M.  That’s roughly a 19% decrease but with so few homes selling it doesn’t indicate any type of trend at this point.

City Homes
Sold
February
2016 Median
February
2015 Median
Year
over Year % Change%
Carson 38 $420,000 $395,000 6.2%
El Segundo 11 $1,109,000 $815,000 36%
Gardena 38 $410,750 $334,000 23%
Harbor City 10 $527,500 $393,000 34.2%
Hawthorne 30 $483,000 $450,000 7.4%
Hermosa Beach 17 $1,225,000 $1,512,500 -19%
Lawndale 8 $431,000 $415,000 3.9%
Lomita 11 %505,000 $326,000 55%
Long Beach 238 $461,000 $409,000 12.7%
Manhattan Beach 22 $1,795,000 $2,361,000 -24%
Marina Del Rey 25 $864,000 $1,335,000 -35%
Palos Verdes Estates 33 $1,403,000 $1,300,000 7.9%
Playa Del Rey 10 $626,000 $710,750 6.9%
Rancho Palos Verdes 26 $1,110,000 $1,039,000 6.9%
Redondo Beach 45 $869,750 $812,000 7.1%
San Pedro 33 $505,000 $416,000 21.4%
Torrance 85 $565,000 $544,000 4%
Westchester 21 $917,000 $820,000 11.8%

December Home Sale Prices In Hermosa Beach Continue to Rise

By Keith Kyle506 25th Street Hermosa Beach

The December numbers are in and if there was any thought that the real estate market in Hermosa Beach was slowing or even leveling the numbers certainly say otherwise.

The average home price in Hermosa Beach for the homes that closed escrow during December was $1,771,899 with a median price of $1,575,000*.  That’s are fairly incredible numbers that still shows no sign of slowing or reversing.   The reasons are the continued demand with a limited supply of new listings, combined with some new construction and premium locations.  The numbers would have been significantly higher but there were a greater number of condo sales than usual.  See the chart below for the December home sales numbers for Hermosa Beach and the South Bay for December of 2015.

*Information above only reflects homes listed and sold on the MLS and does not include off market sales.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 10 $949,000 $735,000 20.2
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 21 $1,575,000 $1,360,000 15%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $826,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%

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