South Bay Real Estate News
3 Things You Need To Know:
6 Things Homebuyers Should Avoid Doing Once They Are Pre-Approved for A Loan
My New Listing: IN ESCROW
Manhattan Beach has 54 active listings and 51 properties are in Escrow (1 of these properties are under 1 million and 21 are over 2 million). There were 39 closed sales in August. Home sales under a million dollars in Manhattan Beach are hard to find, there were only 3 this month.In August, home buyers on the average negotiated a 2% discount off the asking price of their new home. The average selling price in Manhattan Beach Properties was $2,079,000. Manhattan Beach has 1.7 months of available inventory.
The Hermosa Beach real estate market has 34 Active listings and 22 homes are in Escrow. There were 17 closed sales in August and 3 of them were under 1 million. Hermosa has about 1.7 months of inventory. Most buyers negotiated a 2% discount for their new home. The average selling price in Hermosa Beach in August has a huge increase from last month to $2,176,000 due to a Strand purchase and 3 other High End Homes..
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