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About Hermosa Beach's Hermosa Sand

Hermosa Beach Sand Section Market Update...by the numbers

09-09-11
Keith Kyle
Keith Kyle: Real Estate Agent in Manhattan Beach, CA

September 9th 2011

Here's a quick breakdown of the Hermosa Beach Real Estate Market by the numbers

Hermosa Beach Real Estate

Hermosa Beach Sand Section - Area 148

Single Family Homes:

  • 27 - number of active listings
  • 0 - Number of short sale and bank owned listings
  • $829,000 - Lowest priced
  • $18.99M - high priced (Oceanfront Double Lot)
  • $2,249,000 - Median home price (skewed due to the high ocean front home inventory)
  • 5 - Number of oceanfront Strand homes on the market
  • 4 - Number of pending sales in escrow
  • 2 - Pending short sales, 1 bank owned, 1 standard sale
  • 5 - Number of single family homes sold since August 1st
  • $1,350,000 - Median price of recently sold homes
  • 5.9 - Months of unsold inventory
  • 71 Average Days on Market

Townhomes

  • 11 - Number of active listings
  • $720,000 - Lowest priced
  • $2,399,000 - Highest priced (walk street 2 houses from the beach)
  • $1,095,000 - median home price
  • 4 - Number of townhomes currently in escrow
  • 3 - Number of pending sales that are short sales
  • 2 - Number of townhomes sold since August 1st
  • 12 - Months of unsold inventory

Condos

  • 5 - Number of active listings (technically 2 - 3 are in the Beach House Hermosa and are condo/hotel units)
  • 3 - Condos currently in escrow
  • 1 - Condos sold since August 1st

Keith Kyle is a licensed Realtor, short sale specialist and Top Producing agent with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, TorranceRealEstateHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate destinations in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.

Single Family Homes for sale in Hermosa Beach Sand Section

Rachel & Kathy TYNDALL Top 10 Team: Palos Verdes,Redondo Beach and Torrance: Real Estate Agent in Rancho Palos Verdes, CA

Today there are currently 25 homes for sale in the sand section of Hermosa Beach. They start at $$829,000. Of these 25 homes listed for sale only 1 is a REO (bank owned property). The other 24 are standard sales. For more information about the Hermosa Beach Real Estate Market contact Kathy and Rachel.

Listed below is the market trend for SINGLE FAMILY RESIDENCES only in Hermosa Beach Sand Section

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Jul. 11 Jun. 11 % Change Jul. 11 Jul. 10 % Change May. 11 to Jul. 11 May. 10 to Jul. 10 % Change
For Sale 23 28 -17.9% 23 45 -48.9% 26 46 -43.5%
Sold 6 3 100% 6 4 50% 6 3 100%
Pended 6 5 20% 6 3 100% 6 4 50%
Date 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11
For Sale 47 46 45 43 38 30 28 24 27 31 35 32 26 28 23
New Listing 10 7 9 8 8 5 6 2 9 9 9 5 7 7 7
Sold 1 3 4 7 6 4 4 3 2 3 1 5 9 3 6
Pended 5 3 3 7 4 5 2 2 3 3 2 6 8 5 6
Months of Inventory (Closed Sales) 47 15.3 11.3 6.1 6.3 7.5 7 8 13.5 10.3 35 6.4 2.9 9.3 3.8
Months of Inventory (Pended Sales) 9.4 15.3 15 6.1 9.5 6 14 12 9 10.3 17.5 5.3 3.3 5.6 3.8
Absorption Rate (Closed Sales) % 2.1 6.5 8.9 16.3 15.8 13.3 14.3 12.5 7.4 9.7 2.9 15.6 34.6 10.7 26.1
Absorption Rate (Pended Sales) % 10.6 6.5 6.7 16.3 10.5 16.7 7.1 8.3 11.1 9.7 5.7 18.8 30.8 17.9 26.1
Avg. Active Price 4156 3962 4080 4047 3795 3433 3583 4013 3984 4276 4396 4512 3679 3530 3901
Avg. Sold Price 2140 986 1536 1670 1642 3362 2672 1083 962 1325 1640 1516 5324 1579 2876
Avg. Sq. Ft. Price 894 938 849 717 690 1050 1048 732 538 922 628 708 1250 696 965
Sold/List Diff. % 93 91 94 93 98 91 87 93 94 95 115 97 85 95 88
Sold/Orig LP Diff. % 93 87 92 90 90 88 77 92 90 94 115 96 69 94 68
Days on Market 48 83 68 88 122 138 113 78 135 28 10 30 223 153 201
Median 2140 900 1405 1650 1463 3100 2683 1050 963 1275 1640 1318 1875 1831 2325

* All reports are published August 2011, based on data available at the end of July 2011. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed

Real Estate trends for town homes in the Hermosa Beach Sand Section

Rachel & Kathy TYNDALL Top 10 Team: Palos Verdes,Redondo Beach and Torrance: Real Estate Agent in Rancho Palos Verdes, CA

There are 13 town homes for sale in the Hermosa Beach sand section as of today. Of the 13 townhomes 3 are short pays and the other 10 are standard sales. below is a graph illustrating the real estate market trends for the town homes in area 148 (Sand Section)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Jul. 11 Jun. 11 % Change Jul. 11 Jul. 10 % Change May. 11 to Jul. 11 May. 10 to Jul. 10 % Change
For Sale 13 9 44.4% 13 17 -23.5% 10 18 -44.4%
Sold 0 5 -100% 0 5 -100% 2 3 -33.3%
Pended 2 0 N/A 2 4 -50% 2 3 -33.3%
Date 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11
For Sale 16 20 17 19 12 12 10 10 10 13 11 13 9 9 13
New Listing 3 6 4 4 1 4 1 2 4 4 1 5 1 3 5
Sold 3 1 5 4 1 3 2 1 0 0 1 1 1 5 0
Pended 3 2 4 2 3 1 1 0 1 0 2 3 3 0 2
Months of Inventory (Closed Sales) 5.3 20 3.4 4.8 12 4 5 10 N/A N/A 11 13 9 1.8 N/A
Months of Inventory (Pended Sales) 5.3 10 4.3 9.5 4 12 10 N/A 10 N/A 5.5 4.3 3 N/A 6.5
Absorption Rate (Closed Sales) % 18.8 5 29.4 21.1 8.3 25 20 10 0 0 9.1 7.7 11.1 55.6 0
Absorption Rate (Pended Sales) % 18.8 10 23.5 10.5 25 8.3 10 0 10 0 18.2 23.1 33.3 0 15.4
Avg. Active Price 1114 1201 1168 1187 1290 1073 993 993 1080 1146 1176 1198 1265 1288 1201
Avg. Sold Price 971 1125 1168 829 625 1080 955 1381 0 0 635 1112 1299 941 0
Avg. Sq. Ft. Price 537 575 640 435 424 569 485 470 0 0 498 505 590 527 0
Sold/List Diff. % 96 98 99 98 92 102 97 96 0 0 96 98 100 99 0
Sold/Orig LP Diff. % 91 83 99 95 86 100 83 96 0 0 91 98 100 94 0
Days on Market 42 131 51 78 242 128 110 18 0 0 189 47 0 111 0
Median 1090 1125 1100 772 625 1185 955 1381 0 0 635 1112 1299 968 0

* All reports are published August 2011, based on data available at the end of July 2011. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Hermosa Beach Sand Section Condos for sale and market trends

Rachel & Kathy TYNDALL Top 10 Team: Palos Verdes,Redondo Beach and Torrance: Real Estate Agent in Rancho Palos Verdes, CA

Today there are only 5 condos listed for sale in Hermosa Beach Sand Section. They start at $399,000. Below is a detailed graph of the real estate market trends for Condos in Hermosa Beach Sand Section. If you are considering selling your Hermosa Beach home or moving to Hermosa Beach call Kathy and Rachel. Your Realtor Beach experts.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Jul. 11 Jun. 11 % Change Jul. 11 Jul. 10 % Change May. 11 to Jul. 11 May. 10 to Jul. 10 % Change
For Sale 5 6 -16.7% 5 10 -50% 6 9 -33.3%
Sold 3 0 N/A 3 1 200% 2 1 100%
Pended 3 0 N/A 3 0 N/A 2 1 100%
Date 5/10 6/10 7/10 8/10 9/10 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11
For Sale 9 9 10 8 8 11 14 12 6 6 6 8 6 6 5
New Listing 2 2 2 0 2 6 3 0 2 0 0 3 3 1 2
Sold 2 0 1 0 2 0 1 0 2 0 0 0 2 0 3
Pended 0 2 0 1 1 1 0 0 3 0 0 0 3 0 3
Months of Inventory (Closed Sales) 4.5 N/A 10 N/A 4 N/A 14 N/A 3 N/A N/A N/A 3 N/A 1.7
Months of Inventory (Pended Sales) N/A 4.5 N/A 8 8 11 N/A N/A 2 N/A N/A N/A 2 N/A 1.7
Absorption Rate (Closed Sales) % 22.2 0 10 0 25 0 7.1 0 33.3 0 0 0 33.3 0 60
Absorption Rate (Pended Sales) % 0 22.2 0 12.5 12.5 9.1 0 0 50 0 0 0 50 0 60
Avg. Active Price 639 646 784 865 890 683 742 764 755 755 755 881 602 689 700
Avg. Sold Price 491 0 440 0 525 0 750 0 607 0 0 0 562 0 1064
Avg. Sq. Ft. Price 469 0 315 0 589 0 563 0 471 0 0 0 418 0 726
Sold/List Diff. % 94 0 105 0 117 0 97 0 100 0 0 0 100 0 98
Sold/Orig LP Diff. % 88 0 105 0 76 0 97 0 95 0 0 0 100 0 94
Days on Market 112 0 20 0 209 0 5 0 56 0 0 0 7 0 121
Median 492 0 440 0 525 0 750 0 608 0 0 0 563 0 1059

* All reports are published August 2011, based on data available at the end of July 2011. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Hermosa Beach History

Palos Verdes Real Estate Blog - Maureen Megowan: Real Estate Agent in Palos Verdes Estates, CA

The following is one of a series of articles on South Bay History that I have had published in the South Bay Digs magazine:

Hermosa Beach History

Hermosa Beach was part of the original Spanish land grant for "Rancho Sausal Redondo" ("Ranch of the Round Clump of Willows") in 1822, a rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach.

In the early days, Hermosa Beach, like so many of its neighboring cities - Torrance, Lawndale, Inglewood - was one vast sweep of rolling hills covered with fields of grain, mostly barley. The immediate beach area of Hermosa was a collection of sparse-looking sand dunes seemingly 40 miles from nowhere. A steady wind whipping across the barren dunes made life miserable for the first hardy pioneers.

On Christmas Eve, 1906, Hermosa Beach held its first incorporation election and chose its first city officers. In the interest of accuracy its only fair to report that the idea of incorporating the city didn't get a resounding vote of confidence from an eager mob of voters. The final tally was 24 votes for, and 23 against. But resounding or not, Hermosa Beach was duly incorporated and received its charter from the state as a sixth class city on January 14, 1907.

The Santa Fe railway was the only transportation system through Hermosa Beach. It was seven blocks from the beach. The street that led to the tracks was called Santa Fe Avenue, but was later renamed Pier Avenue. There was no railway station for Hermosa, but later the Railroad Company donated an old boxcar to be used as a storage place for freight. In 1926, the Santa Fe Company built a modern stucco depot and installed Western Union telegraph service in it.

1927 Hermosa Beach Biltmore Hotel

One of the most ambitious projects attempted in the city came in the mid-1920's with the opening of the building, which later became the Hermosa Biltmore Hotel. The Hotel was located between 14th and 15th Streets on the Strand. In those days it was the headquarters for the Surf and Sand Club, and was run on a private club basis. A number of wealthy persons backed the project and for several years the building, a notable achievement in those days, was the showplace and social center of Hermosa. The private club idea proved to be a losing proposition, however, and a few years later the founders and owners sold out to the Los Angeles Athletic Club. This group, with better financing, attempted to run the property on more or less the same basis but finally sold out to hotel interests about 1930. During World War II, for a short time the building was taken over by the federal government and used as a youth training center. This property was torn down in the late 1960's for development, and is now the site of a public park.