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South Bay Real Estate News
3 Things You Need To Know:
Hermosa Beach Properties has an avg. of $700+ Price per SQ/FT.
Manhattan Beach has 40 active listings and 44 properties are in Escrow (8 properties are under 1 million and 22 are over 2 million). There were 21 closed sales in January. Last month, home buyers negotiated a 4% discount off the asking price for their properties. The average selling price in Manhattan Beach Properties was $1,839,000. Manhattan Beach has 2 months of available inventory.
The Hermosa Beach real estate market has 27 Active listings and 23 homes are in Escrow. There were 15 closed sales in January and One of them were under 1 million. Hermosa has about 1.5 months of inventory. Most buyers negotiated a 2% discount for their new home. The average selling price in Hermosa Beach in January has increased from last month to $1,770,000.
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