Friday, September 16, 2005

Manhattan Beach and Hermosa Beach Strand Property

Strand property in Manhattan Beach and Hermosa Beach has been quietly selling for some record prices. Rumor has it that a classic 1930's Manhattan Beach Strand home will shortly go into escrow at almost $7,000,000. In Hermosa a new 5,200 sqft Strand home sold for almost $6,000,000 in June. There are only 2 Strand listings available and both are in Manhattan Beach. One is listed at $5,695,000 and the other is listed at $9,500,000. Hermosa has seen sales slightly under $3, 500,000 which are looking like a bargain. Expectations are that Manhattan will move very quickly to $7,000,000 + and Hermosa will be over $4,000,000 shortly. If you are looking for ocean front be ready to pay the price and buy it fast... they just aren't making any more....

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