Estelle’s hip hop recital was so cute. I know she is our daughter but she is a beautiful girl. She will be going to Summer school at the Montessori where they will swim daily. Have a great summer! I hope it’s a warm one.
South Bay Real Estate News
Articles: Renting Vs. Buying
Consumer Confidence at 5 year High
Top 10 Reasons to be Optimistic about Housing Market
Manhattan Beach has 63 active listings. There are 64 properties that are in Escrow (None of these properties are under 1 million and 18 are over 2 million.) There were 50 closed sales in May. The homes under a million dollars in Manhattan Beach are dried up and the entry level home is edging closer to 1.1 million. In May, we continued to have a lot of active buyers who were able to negotiate about 1% discount from the last offered price. The average selling price for Manhattan Beach Properties was $2,000,000. Manhattan Beach has One month of available inventory.
The Hermosa Beach real estate market has 40 Active listings. There were 26 closed sales in May and None of them were under 1 million. Hermosa has about 1.6 months of inventory. Most buyers were paying over asking price on the last offered price of their new home. The average selling price in Hermosa Beach was $1,149,000 for May.
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