October 2017 Closed Escrows
During October there were 18 closed escrows in Hermosa Beach CA 90254. Of these, 9 were Single Family Residences (Houses) and 9 were Condos / Townhomes. The blended median price was $1,399,250 and the average sale was $2,301,306. The main driver in the difference between the average and median was one sale for $9,200,000 which along with another sale for $7,050,000 have a distorting affect. The average days on market was 57.
The median sales price of SFRs was $2,25,000 and the median for condo / townhome sales was $1,700,000.
MLS Area 148, Hermosa Beach Sand, had 6 sales. MLS Area 149, Hermosa Valley had 5 sales and East Hermosa Beach (150) which some have started to refer to as the Hermosa Hills saw 7 properties close escrow.
Year to Date and Year Over Year Comparisons
Through the first ten months of 2017 there were 173 sales in 90254. By comparison, 2016 saw 196 sales during the same time frame and during 2015 there were 187 sales.
Medina price for 2015 through 10 months was $1,450,000. During 2016 the median was 1,570,000 and so far for 2017 the median price has been $1,649,500. The median has increased $200K or almost 15% over 2 years.
Is October historically a slow month? Last year saw 23 October sales and 2015 October closings logged in at 21. Considering that rates are still low (at least for now) what most likely has occurred is more buyers looking at the westernmost neighborhoods of North Redondo Beach.
Sales By MLS Area
MLS AREA 148 Hermosa Beach Sand
MLS AREA 149 Hermosa Valley
MLS AREA 150 East Hermosa Beach
Highest Priced Hermosa Sales October 2017
2654 The Strand Hermosa Beach CA 90254
This listing was sold "off market" for $9,200,000 and entered into the MLS "for comp purposes" as the agents like to say. The listing agent was out of area but as for the buyer's agent, round up the usual suspects as the saying goes.
Most likely this was bought by a developer as the tax records currently show the owner as an LLC at the same address.
2824 Hermosa Av, Hermosa Beach 90254 MLS SB17058726
This new construction (pictured above and below) 4600 Sq Ft 5 bedroom Sand Section home came out at $8,299,000 and sold over 200 days later for $7,050,000 after some price reductions.
"Welcome to a Brand New Development by ROC Ventures: A Stunning Coastal Farmhouse w/ a Few Modern Twists. Built by RJ Smith w/ interior designs by Kate Lester, this 4,600 sqft custom ocean view home has RAISED THE STANDARD OF DEVELOPMENT. From the moment you enter the home through the 8-foot Mahogany pivoting door you notice the attention to detail - Limestone Chevron Pattern Flooring, Ship Lap Siding, 7-inch white Oak Hardwood Floors with Custom Stain Color, Ann Sacks tile, Waterworks Plumbing Fixtures, Ashley Norton Door Hardware, Antique Pendant Lighting, Wolfe and Sub-Zero Appliances, 3 Stop Elevator, A Custom Lighting System, High Velocity Heating and AC, Lutron Shades, Vantage Lighting System, Nest Thermostat Controls and all controlled by an Apple based easy to use Savant Home System. This home has everything and more you would expect from a CUSTOM home, including the 600 sqft flex room equipped with beverage fridge and bar which would make a great media room or romper room for the kids. If ocean views are your thing, then head up to the nearly 850 sqft WHITEWATER OCEAN VIEW rooftop deck equipped w/ a blue stone capped fire feature, BBQ, sink and room to spread out. The heart of the home is the Chef’s Kitchen with Neolith countertops which can withstand the demands and needs of the modern family. Located literally across the street from the best Stretch of Strand in all of Manhattan and Hermosa Beach, 2824 provides privacy and perspective only found on Hermosa Avenue."
826 18th St, Hermosa Beach 90254 MLS SB17111561
Speaking of new construction, how's this one from Casner construction. Newly built in 2017, 5 bedrooms, 4100 Sq Ft initially listed for $4.2M and then reduced it sold for $3,440,000 after 77 days on the market. East Hermosa.
"This brand new beautiful California Coastal Home is your opportunity to own a true entertainers delight. Features to include 5 bedrooms, 4.5 bathrooms, and approximately 4100+ SF of living space. The first floor features 1st Master bedroom with fireplace and ensuite bath which opens to a wrap around porch, 3 bedrooms, laundry room, and sitting area with built in study center leading to the back yard. Moving to the 2nd level is an expansive great room with fireplace, wet bar, and panoramic view from Palos Verdes to Santa Monica Bay. Also on the 2nd floor is the formal dining room, walk in pantry, wine room with 354 wine bottle capacity, gourmet kitchen with large island all being available to/from the great room and the 2nd Master bedroom with fireplace, private deck, and ensuite bath. Lastly on the 2nd level is the outdoor patio complete with kitchen amenities. To complete this home is a roof top deck with fireplace and over 855 SF for entertaining fully plumbed with all utilities. Other features of this home include Viking appliances, Caesarstone countertops, security system, 2 car garage, cedar paneling, white oak hardwood flooring, LED and integrated lighting system, dual controlled air conditioning and heating, central vacuum system, temperature controlled wine room, and large flat back yard. Truly no expense has been spared with thought to the craftsmanship and details of this lovely home. Truly a delight . . . indeed."
2818 Morningside Dr, Hermosa Beach 90254 MLS SB17244610
So ten years old and closer to the beach here's what you get for $3,437,000 after one day on the market. Five bedrooms, 3803 Sq Ft built in 2007.
"North Hermosa Beach Custom Built Home with rustic Santa Barbara charm in a prime location. This 5 bedroom/4.5 bath home invites you for an incredible experience in beach living. Just 3 blocks from the beach on a full corner lot boasting massive curb appeal and a spacious floor plan. There is hickory pecan hardwood floors, 3 wood burning fireplaces, custom drapery and high end tile and marble throughout. Top-of-the-line gourmet kitchen with a SubZero Pro 40 and Wolf range with a custom copper hood, walk-in pantry, dumbwaiter and a butler's pantry with wine refrigerator. Master bedroom has "his & her" closets and a spa bath with calacutta marble wainscoting and basket weave custom tile floor and a freestanding bathtub. Downstairs level has separate bedroom/bath, wine room and additional family room with built-in bar. Other custom details include a steam shower, security cameras, custom surround sound in family room and downstairs rec room, and a beach shower. Within close proximity to both downtowns (Manhattan & Hermosa)."
To buy or sell a home in Hermosa Beach call Ellis Posner 310 975 5139.