The Hermosa Strand
Hermosa Beach has come a long way from the days when most of the City Council members were renters and Bikers ruled. The local elementary schools are some of the best in the state and parents have a choice between Mira Costa and Redondo Union for High School.
Strand homes in Hermosa are priced very competitively with those in Manhattan Beach. Charming Walk street homes lure buyers looking for that small town beach cottage feeling rather then the more sophiscated homes found in Manhattan Beach. Hermosa has grown up and well qualified buyers with cash are taking the place of renters as old rental units are torn down and replaced with owner occupied homes.
There were 49 homes sold during the period from October 1-March 9, 2010. During that time frame 7 sales were all cash, 22 buyers put down 25% or less down and 20 buyers put down 30% or more.
Hermosa Beach: Down payment % for single family homes: