Hermosa Beach Median Prices Again Top the $2.0M Mark!

Hermosa Beach saw another standout month in December of 2017 with a median home price of just over $2,000,000.  This was a significant jump over the median price in the December a year ealier of $1,440,000 but as Hermosa Beach is such a small town it’s not unusual to see big jumps or drops in an individual month.  There were 15 homes sold during the month which is slightly lower than normal but not unusal for December which is traditionally a slow month.  Click here to see the current homes for sale in Hermosa Beach or view our recent home sales in Hermosa Beach

City Homes Sold December 2017  Median December 2016  Median Year
over Year % Change%
Carson 47 $486,000 $451,000 7.8%
El Segundo 11 $966,000 $985,000 -2%
Gardena 65 $515,00 $465,000 10.8%
Harbor City 17 $572,000 $621,000 -7.9%
Hawthorne 30 $545,000 $555,000 -1.9%

Hermosa Beach

15

$2,003,000

$1,440,000

39.1%

Lawndale 12 $448,000 $510,000 -12.3%
Lomita 10 $595,000 $519,000 14.5%
Long Beach 284 $497,000 $465,000 6.9%
Manhattan Beach 36 $2,250,000 $1,790,000 25.7%
Marina Del Rey 31 $1,075,000 $841,000 27.9%
Palos Verdes Estates 27 $1,342,000 $1,599,000 -16.1%
Playa Del Rey 9 $612,000 $588,000 4.2%
Rancho Palos Verdes 58 $1,050,000 $1,170,000 -10.3%
Redondo Beach 78 $1,018,000 $987,000 3.1%
San Pedro 58 $485,000 $515,000 -5.8%
Torrance 111 $670,000 $650,000 3.1%
Westchester 38 $1,005,000 $985,000 2%

 

Hermosa Beach Home Prices in May 2017 over $1,700,000

Hermosa Beach continues it’s high demand trend leading to high prices as well.  Median home prices for May reached almost $1.74M with 26 homes closing escrow.  Visit our sold homes page to see the recent home sales in Hermosa Beach CA.  View Hermosa Beach real estate market trends and statistics for updated information on prices, home sales, days on market and more.

City Homes
Sold
May 2017 Median May 2016 Median Year over Year % Change%
Carson 41 $458,000 $453,000 1.2%
El Segundo 8 $880,000 $803,000 9.7%
Gardena 65 $523,000 $425,000 23.1%
Harbor City 14 $503,000 $439,000 14.5%
Hawthorne 46 $610,000 $485,000 25.8%
Hermosa Beach 26 $1,738,000 $1,285,000 35.3%
Lawndale 16 $485,000 $455,000 6.5%
Lomita 18 $653,000 $488,000 33.7%
Long Beach 356 $472,000 $485,000 -2.6%
Manhattan Beach 46 $2,175,000 $1,875,000 16%
Marina Del Rey 32 $933,000 $925,000 0.8%
Palos Verdes Estates 47 $1,650,000 $1,499,000 10.1%
Playa Del Rey 31 $720,000 $560,000 28.6%
Rancho Palos Verdes 51 $1,275,000 $1,060,000 20.3%
Redondo Beach 87 $1,054,000 $950,000 10.9%
San Pedro 63 $620,000 $489,000 26.8%
Torrance 140 $690,000 $593,000 16.4%
Westchester 44 $965,000 $1,130,000 -14.6%

Hermosa Beach Sees Drop in Median Home Prices for May of 2016

Hermosa Beach saw a year over year price decrease in May with 21 homes sold this month at a median price of around $1,285,000 down from $1,450,000 the prior May.  As Hermosa Beach is such a small real estate market the year over year changes often don’t mean too much as single listings can sometimes impact the overall values considerable.  Click here to see the homes sold in Hermosa Beach for May of 2016.

City Homes
Sold
May
2016 Median
May
2015 Median
Year
over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $802,500 $803,500 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%

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 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

Notable Hermosa Beach Sand Section Sales

By Keith Kyle

December saw some significant sales and some huge numbers in the sand section of Hermosa Beach. Here are some of the notable sales.

View the current homes for sale in the sand section of Hermosa Beach.

506 25th Street Hermosa Beach506 25th Street – Sold at $2,265,000 – While this new construction from KKC didn’t sell at the list price of just under $2.4M this is a huge number for a townhome on the back side of the hill (or sand dune). It was a beautiful 2700 foot 4 bed, 3 1/2 bath detached townhome with high end finishes, but this is a huge number given that there were four homes all with very similar finishes and appearance. That’s a big number to pay given the situation but all 4 units have sold relatively quickly.

444 Hermosa Ave #102 – Sold at 444 Hermosa Ave Hermosa Beach$1,475,000 – This is a smaller 6 unit building in  a fantastic location just a 1/2 block to the beach but $1.5M for a condo is another milestone price. As it’s a 1st floor unit it has little to no ocean/beach views. The appeal to the units in this building is that they’re a great size at over 1700 feet, with 3 bedroom and it’s all on the same level. All of the units we’ve seen in this building have been great and this one was no exception as it was completely turnkey, but nearing $1.5 for a condo is fairly incredible.

1517 Hermosa Ave Hermosa Beach1517 Hermosa Ave – Sold at $3,730,000 – If this isn’t an indication of just how valuable walkstreet properties have become, we don’t know what is. 1517 Hermosa is a detached townhome on the corner of the walkstreet on 16th Street and Hermosa Ave. Although it’s on the beach side of the street this is still an incredible number for the combination of townhome and fairly busy street. It was a beautiful home and very well done, but still a pretty clear indication that we’re at an all time high in the sand section.

View all of the December and 2015 home sales in Hermosa Beach and Beach Cities.