Manhattan Beach Real Estate- December Update

Tuck’s Argentina team had an incredible playoff run and finished the season with an impressive 17-3-2 record. The playoffs were a double elimination tournament which meant that each game had to have a winner.  We were knocked into the losers bracket in 3rd round so our road would be difficult to win it all.  We played 6 games in 6 days through cold and rainy nights and sunny warm days.  The games were extremely exciting. We played 5 OT games and 4 were decided by penalty kicks. Team Argentina finished Second but the emotional roller coaster experience will last a life time.  Tuck started practicing for basketball.  He is playing for a club team with a lot of his friends and he will play in the Hermosa Beach Youth League. Tucker plays tennis and swims weekly.  He enjoys being on student council, reading and math.
Estelle’s AYSO soccer team “The Golden Eagles” finished 2-5-2.  The girls had fun season and learned how to play soccer a little better. Estelle is playing in her first season of basketball for the Blue Lightnings. We have been working on her dribbling and shooting skills. She swims and plays tennis weekly.  She is very excited for Santa’s arrival.

South Bay Real Estate News

3 Things You Need To Know:

Loan Limits Raised in Four CA Counties

Customer Satisfaction Is Key

In 2015, Millennials Will Be Biggest Home Buying Group & Rents Will Grow Faster Than Home Values

 2105 Real Estate Market Forecast by Rob Hirt
2015 Real Estate Market Forecast by Rob Hirt

Manhattan Beach has 38 active listings and 42 properties are in Escrow (3 properties are under 1 million and 16 are over 2 million). There were 35 closed sales in November. Last month, home buyers paid asking price or over for their properties. The average selling price in Manhattan Beach Properties was $3,169,000.  Manhattan Beach has 1.2 months of available inventory. The market is slowing for the holidays but the low housing inventory is causing prices to climb.

The Hermosa Beach real estate market has 30 Active listings and 24 homes are in Escrow. There were 12 closed sales in November and 2 of them were under 1 million. Hermosa has about 1.7 months of inventory. Most buyers negotiated a 3% discount for their new home. The average selling price in Hermosa Beach in November has increased from last month to $1,437,000.

Thank you for tuning in to Manhattan Beach Properties, an informative real estate blog. Please contact our Real Estate Team for more information on how to use our “Gold Medal Services”  for all of your Real Estate needs.  We are here to help you buy or sell your dream home.

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