A New Year with Old Listings

The new year is in full swing with listings from last year. The current inventory of active listings show the Hermosa Surf with 1 condo for sale, the Commodore with 3 condos for sale, with the Victorian and Appletree Condominiums at zero.

The bank owned, 2 bedroom, 2 bath unit in the Hermosa Surf took a price reduction from $579,500 down to $549,900. As suspected the original price of $579,500 was unattainable. This previous foreclosure remains as the most updated unit after receiving an overhaul over the past few months.

The condos for sale in the recently painted Commodore are finding their days on the market increasing with no end in site. These units, ranging from 1 to 2 bedrooms have not reduced their asking price leaving some wiggle room for potential buyers.

Condos for sale in the Commodore include;
Unit #202 1 bed 1 bath $459,500
Unit #319 2 bed 1 bath $479,000
Unit #310 2 bed 2 bath $570,000

As always, these homes can be seen on www.RealtorRichie.com

Continued market changes in Hermosa Beach? Plus information about the foreclosed condo in the Hermosa Surf

Well it seems another condominium from the Commodore dropped out of the race for now. Unit 319 has decided to give it a rest during the traditionally slow holiday season. We are sure to see this one back up for sale shortly. No word yet if the 2 condos (unit 118 and 325) from the Appletree will rejoin the race sometime in January.

The previously foreclosed condo in the Hermosa Surf is now up for grabs to the delight of its neighbors. This REO on 1707 Pacific Coast Highway #304 under went a massive face lift. With spa tubs, new wall heaters, a new kitchen and bath with the usual granite countertops, this condo is practically brand new. If sold at the listed price of $579,500, this 2 bedroom 2 bathroom condo will rank as the second highest priced condo sold in the Hermosa Surf. The bank is on the hook at just over $500,000 plus the cost of its remodel, so while you may be able to negotiate a deal, don’t get too carried away.

The Commodore, located on 1600 Ardmore in Hermosa Beach recently received fresh paint to hide the old white with green trim. The new colors of beige and olive provide a subtle but welcomed change. Just in time to hopefully benefit from the upgrade are two units that recently hit the market. The first is unit 310, a 2 bedroom with 2 bath condo that will need to be upgraded according to your taste, but certainly in move in condition. Asking price is $579,000. The other unit for sale is #202. Priced at $459,500, this one bedroom corner unit is adequately priced when compared to recent sales. With the state of the current market, both units will entertain all offers. Who knows they might bite.

www.RealtorRichie.com