Inventory Up In the Hermosa Beach Condo Market

Inventory Up In the Hermosa Beach Condo Market
May 16, 2012 No Comments Condos,Foreclosures,Hermosa Beach,Market Update,Short Sales Keith Kyle

While the inventory of available homes has been reduced significantly in the past few months in Hermosa Beach and neighboring Manhattan Beach, the condo inventory appears to be on the rise which is great news for buyers looking for entry level property in Hermosa Beach.  Fairly typical of the condo market, several of the condos currently for sale are bank owned properties and several are short sales.

MLS#   Address  List Price  Bed/Ba YrBlt Sqft Type
F12056233 1300 The Strand #308  $        300,000 0/1.00 1998/ASR 439 SPAY
P812654 1300 THE STRAND #201  $        391,500 1/1.00 1998/ASR 439 REO
S10044075 1300 The Strand #123  $        449,000 1/1.00 2001 450 STD
S10116451 1300 The Strand #106  $        549,000 1/1.00 1998 439 STD
S12050247 15 15th ST #22  $        679,000 2/2.00 1969/ASR 840 STD
S12011278 446 Monterey BL #L2  $        740,000 3/2.00 1987/ASR 1331 STD
S12044286 1300 The Strand #305  $        850,000 1/1.00 1998/ASR 469 STD
S12042291 1707 Pacific Coast #318  $        299,900 1/1.00 1972/ASR 660 REO
S11144679 1720 Ardmore AV #218  $        342,000 1/1.00 1970/ASR 692 STD
V12021477 1720 Ardmore AV #226  $        449,000 2/2.00 1970/ASR 986 STD
N12051910 1600 Ardmore AV #326  $        450,000 2/2.00 1970/ASR 1048 SPAY
S12050773 1720 Ardmore AV #101  $        468,000 2/2.00 1970/APP 974 STD
S12018141 1720 Ardmore AV #204  $        469,000 2/2.00 1970/ASR 986 STD

The condos located at 1300 The Strand are unique “condo hotel” units in the Beach House Hermosa Beach.  Although units are individually owned in this beach front property use is limited for the owner, you must use the on site management, and loans are difficult to get so generally require cash offers.

Most of the current condos for sale are located at 1720 Ardmore and 1600 Ardmore, known as the Commodore.  Both buildings are fairly ideally located just a block from downtown and a short walk to the beach.

1720 Ardmore Hermosa Beach Condos   1600 Ardmore Hermosa Beach Condos   Hermosa Surf Condos for Sale

1720 Ardmore                    1600 Ardmore                        1707 PCH

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.

 

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