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%

2222 Monterey – Luxury Lifestyle Inspired by Coastal Living

By Keith Kyle2222-Monterey2

In the world of cookie cutter homes often times the right location and a larger than normal lot can go a long way.  The home at 2222 Monterey is one of those special and unique homes not often found in this charming coastal community.   Designed by renowned architect Michael Lee, the home takes full advantage of the beach lifestyle with a beautifully landscaped front yard, nearly 4800 square feet of living space, covered entryway and stylish Cape Cod inspired design. It’s an entertainers dream with an open layout with the spectacular kitchen the centerpiece of the entertaining areas.  The backyard has a pleasant courtyard area,  built-in outdoor fireplace, separate guest quarters and an  ocean view roof top deck.

ML#:   SB15076188 
Listing Agents Gerard Bisignano – Sotheby’s & Christa Lyons – Shorewood Realtors
Orig. List Price:   $6,899,000 
Price Per Sqft:   $1,439.39 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   4 
Bath(F,T,H,Q):  3,2,1,0 
Sqft (Src):   4,793 (Assessor’s Data) 
Ac/LotSqft (Src):   0.126/5,491 (A)