Manhattan and Hermosa Beach Ocean Front Homes - The Strand Update
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
While many of the ocean front homes that had sold in 2011 now find themselves as construction sites, the market seems to have cooled a bit with many of the same homes on The Strand still active on the MLS. There are currently 7 ocean front properties currently for sale, not including the hotel condo offerings at The Beach House Hermosa, with the average days on market over 238 days. This is a pretty astounding number given the activity level of the market in Manhattan Beach. While other areas of Manhattan Beach have seen tremendous activity, the ultra luxury real estate market in Manhattan Beach has been slow since the fall of 2011, but much of that has more to do with the prices of the current homes. Of the ocean front homes for sale on The Strand, all but one are in Manhattan Beach...
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