Bucking the low inventory trend – 8 Oceanfront homes on the Strand for sale in Hermosa

By Keith Kyle

With housing inventory in Hermosa Beach real estate seemingly never increasing, the oceanfront Strand is certainly the exception to the rule. As of March 21st there were 8 homes for sale on the Hermosa Beach Strand. The Strand is the beachfront strip made up of modern masterpieces, luxury homes and many original beach bungalows. Currently the lowest price beachfront home in Hermosa is priced at $6,900,000 being sold for land value with the highest priced home at $25M located at 2806 The Strand. One of the more interesting homes for sale is the home of Beverly Hills 90210 fame located at 3500 The Strand which sits on the border of Hermosa and Manhattan Beach. There are a number of Manhattan Beach oceanfront homes for sale as well.

Current Beachfront Homes for Sale in Hermosa Beach

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Oceanfront Abundance – Beachfront Strand Homes for Sale in Hermosa Beach

By Keith Kyle

It’s unusual that in a market in which the inventory remains so low and buyers will scratch and claw for just about any properties in the Sand Section, that the inventory of oceanfront homes remains very high.  The obvious explanation is that most buyers are priced out of homes now starting in the $7.0M range, but this is a town of seemingly endless wealth.  What really is driving this is the combination of the exclusivity of being able to buy an oceanfront home and the pace at which home prices along this rare stretch of beach have risen.  Of the homes currently on the market (not including the condo hotel of the Beach House)and sold in the past 18 months the average sale price is almost $10.5M.

Hermosa-Strand-Oceanfront-Homes