Manhattan Beach Real Estate- March Update

Tucker’s HBYB Orange Monster Crushers were 7-3 and finished the regular season in 3rd place. They will be heading to the playoffs this week. He was selected to play on the HBYB All-Star team game. Tuck’s Elite club basketball team has a tournament this weekend. The team is improving nicely and gaining confidence. He plays AA baseball for 900 Club (2-1) and Pony for the Orangemen (2-0).
Estelle’s basketball team, Blue Lightning, are 7-1-1. She has a good team and has made a lot of baskets, rebounded, blocked shots and made some assists throughout the season. Her last basketball is this Sunday. She plays tennis and dances weekly. Estelle is playing baseball like her brother.

South Bay Real Estate News

3 Things You Need To Know:

Lip Sync Battle with Will Ferrell, Kevin Hart and Jimmy Fallon-(funny)

Strong Job Growth Foreshadows Solid Full-Year Economic Growth 

The Mortgage Challenge

-In my morning meeting, our in-house mortgage company mentioned that mortgage interest rates could be trending up in June.  Our economy is doing so well compared to the rest of the world that it could be time.  We will see!

Manhattan Beach Properties has an avg. of $974+ Price per SQ/FT.

 

 

Manhattan Beach has 50 active listings and 39 properties are in Escrow (3 properties are under 1 million and 22 are over 2 million). There were 19 closed sales in February. Last month, on the avg. home buyers paid 3% over the asking price for their homes. The average selling price in Manhattan Beach Properties was $1,999,000.  Manhattan Beach has 2.6 months of available inventory.

The Hermosa Beach real estate market has 22 Active listings and 35 homes are in Escrow. There were 9 closed sales in February and One of them were under 1 million. Hermosa has about 2.4 months of inventory. Most buyers negotiated a 2% discount for their new home. The average selling price in Hermosa Beach in February has decreased from last month to $1,488,000.

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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