Big Price Reduction on 2426 The Strand in Hermosa Beach

Although it’s been on the market for quite a while they just had a major price reduction on the beachfront duplex at 2426 The Strand in Hermosa Beach.  While price reductions on homes on The Strand in Manhattan and Hermosa Beach are very common this was a big drop.  The home price dropped from $19,250,000 (which was extremely aggressive) to $15,295,000.  We’ll see if that makes a difference as the oceanfront home market is quite slow despite a recent uptick in home sales along the beach.