South Bay Real Estate News
3 Things You Need To Know:
Manhattan Beach Properties has 0.9 Months of Inventory which makes it a Sellers market.
Manhattan Beach has 30 active listings and 28 properties are in Escrow (6 properties are under 1 million and 13 are over 2 million). There were 39 closed sales in December. Last month, home buyers negotiated a 2% discount off the asking price for their properties. The average selling price in Manhattan Beach Properties was $2,147,000. Manhattan Beach has 0.9 months of available inventory.
The Hermosa Beach real estate market has 23 Active listings and 17 homes are in Escrow. There were 16 closed sales in December and One of them were under 1 million. Hermosa has about 1.1 months of inventory. Most buyers negotiated a 3% discount for their new home. The average selling price in Hermosa Beach in December has increased from last month to $1,578,000.
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