South Bay Real Estate News
3 Things You Need To Know:
Manhattan Beach: Market Overview 90266
Manhattan Beach has 61 active listings and 55 properties are in Escrow (1 of these properties are under 1 million and 24 are over 2 million). There were 27 closed sales in September. Home sales under a million dollars in Manhattan Beach are hard to find, there was only one this month. In September, home buyers on the average negotiated a 5% discount off the asking price of their new home. The average selling price in Manhattan Beach Properties was $2,201,000. Manhattan Beach has 1.4 months of available inventory.
The Hermosa Beach real estate market has 29 Active listings and 22 homes are in Escrow. There were 19 closed sales in September and 9 of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers paid asking price for their new home. The average selling price in Hermosa Beach in September has decreased from last month to $1,165,000.
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