South Bay Real Estate News
3 Things You Need To Know:
Home Improvements That Pay You Back
Sellers Are Optimistic About The Future Housing Market
In my last few sales, I’ve encountered some great general contractors, painters, electricians..etc. If you need a reliable trade worker/company, please ask me. I’d be happy to share them with you.
Manhattan Beach has only 37 active listings and 45 properties are in Escrow (None of these properties are under 1 million and 15 are over 2 million). There were 15 closed sales in January. Home sales under a million dollars in Manhattan Beach are gone. In January, home buyers on the average negotiated about a 2% discount on their new home. The average selling price in Manhattan Beach Properties was $2,180,000. Manhattan Beach has 1 month of available inventory.
The Hermosa Beach real estate market has 26 Active listings and 24 homes are in Escrow. There were 12 closed sales in January and 8 of them were under 1 million. Hermosa has about 1.6 months of inventory. Most buyers were able to negotiate a 4% discount on the last offered price of their new home. The average selling price in Hermosa Beach in January has decreased from December to $1,016,000.
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