As of this post, there are 30 active listing in Hermosa Beach CA 90254. There are also 24 properties in escrow. (MLS status "backup" or "pending".) So far in 2014, there have been 16 closed sales of which 12 were in January and 4 so far in February.
Here's what gets my attention. There were in effect 10 new listings last week (2 are already under contract). Even so, if 8 out of 30 active listings are less than 7 days old and that trend holds, it could be a very good indication as to more inventory being available in Hermosa Beach going forward into the spring and summer selling seasons. On the other hand, if sales stay below 20 units per month, it may depress prices.
These are the new listings for the week of February 10th that are still available:
Hermosa, like Manhattan Beach CA, is becoming a $1M plus market for all intents and purposes. Where we see the differential is that for that price point and certianly $1.2M to $1.5M you get a lot more for your money in Hermosa than Manhattan. And 90254 still has some excellent values under those price points.
For example, one of my favorite townhouse complexes is "The Moorings" at 501 Herondo Street right on the border of the Sand Section and Hermosa Valley. A new listing came on the market there this week, Unit 30. Here's the description in the MLS:
"Get ready to enjoy all that living in Hermosa Beach has to offer! This spacious, east/west facing, poolside townhome at the Moorings complex provides the perfect venue for comfortable at-home living, yet you're minutes away from a mecca of outdoor activities...the beach, greenbelt, downtown shopping and dining! Generous, open living space, with hardwood floors, fireplace, recessed lighting, skylights, plantation shutters and newer maple cabinetry in the kitchen. The dual upstairs master suites are richly carpeted and each with full baths. Bonus room downstairs, off the 2-car direct access garage, can easily become your much needed office, gym or wine cellar. Complex offers sparkling pool & spa, HOA pays earthquake insurance, water & trash. Why live anywhere else?"
This unit is priced at $755K and is 1439 sq ft. Yes, it is a 2 bedroom but there is some extra space off the garage in that bonus room. So. basically you are paying just a bit more than North Redondo Beach prices to be less than a five minute walk to the Strand. Should sell fast. MLS SB14031057.
If you want to double the price and go up to $1,549,000 I would recommend taking a look at 1103 Cypress. This attached Sand Section townhouse was just built in 2013.
"Spectacular high end contemporary townhome in the heart of Hermosa Beach. Steps to the beach & Pier Plaza. This brand new construction is 1 of 3 attached units with recessed 2 car garages w/ large aprons to afford extra off street parking! 3 bdrms, 3 ½ baths. From the garage at ground level, put your groceries in the dumb waiter & hoist to the kitchen! 1 large bedroom at this level with stunning private bath. Open staircase to level 2 boasting spacious master suite with walk in closet. 3rd level has a massive gourmet kitchen adorned with Caeser stone and Calcutta Gold Marble. High volume ceilings, Jeld Wen custom doors that open to large balcony. Loads of natural light fill the rooms. “Strand” bamboo floors throughout. Gorgeous fireplace in living room with east Hermosa Hills views. Large roof top deck with views of city from American Martyrs steeple to PV Hills." MLS SB14031134. Listing Broker Prudential California Realty.
The attached Ocean View Townhouse at the corner of 343 Manhattan Ave has always been on of my favorite properties. listing Broker NWRE.
"Split level town home one street off the strand with wonderful ocean, sunset and sand views. Huge remodel in 2005.Spectacular remodeled Master bathroom. Custom Front door, 16'atrium entry with stone floors. Remodeled kitchen with top of the line stainless appliances. Beautiful granite countertops, custom backsplash and hardwood floors in kitchen. Very spacious floor plan with large bedrooms. Living Room has tons of light with custom designer stained glass windows. Rooms flow perfectly to make this an entertainers dream home. Master bedroom has a romantic fireplace and bathroom has jetted tub and huge rain shower with all the bells and whistles. Large walk in closet off the master bedroom. Master bedroom opens out onto a private Patio where a private outside Jacuzzi is located. 2nd bedroom has large walk in closet and private bathroom with tub and shower. Upstairs bedroom opens onto outside balcony from which one can enjoy the Ocean views. Upper bedroom also has a private bath with shower. 2 car garage with workshop and storage plus two parking spaces. Home has been meticulously maintained. Shows like the custom Executive home that it is. Custom Window Coverings throughout Fully furnished Turnkey"
Moving further east, I'm really curious as to how the market responds to 1234 6th St in East Hermosa Beach. It is a an absolutely stunning property that is literally on the Hermosa-Redondo Bech border. WIth a listing price of $1,649M I'm wondering if buyers will opt for a similar house in East Manhattan Beach instead. Time will tell and I wish the listing agents luck on this one.
"Enjoy colorful sunsets, ocean views and city lights for Palos Verdes Peninsula and downtown Los Angeles from this home’s roof-top deck, a perfect place for BBQ’s and entertaining. Featured throughout the home are high-end finishes… crème de marfil stone, Brazilian cherry hardwood floors, granite counter tops, wide baseboards, designer moldings, soaring vaulted ceilings and central air conditioning. Enjoy the coziness of firelight from one of three fireplaces. The open floor plan enjoys lots of natural light and a cheery ambiance." Listing Brokerage is RE/MAX Estate Properties.
These are ALL the homes currently listed for sale in the MLS in Hermosa Beach CA from every Broker, Agent, Realtor, and Realty Company. This included condos, single family houses (SFRs), and townhomes. Standard sales, probates, and bank owned REO foreclosures. All map search results update in real time. Place your mouse over any home icon and details of the listing will show. Then click to see more information.