South Bay Real Estate News
3 Things You Need To Know:
Manhattan Beach Properties has an avg. of $972 Price per SQ/FT in the month of April.
Manhattan Beach has 54 active listings and 54 properties are in Escrow (3 properties are under 1 million and 29 are over 2 million). There were 31 closed sales in April. Last month, on the avg. home buyers squeeked a 1% discount on the price for their homes. The average selling price in Manhattan Beach Properties was $2,175,000. Manhattan Beach has 1.7 months of available inventory.
The Hermosa Beach real estate market has 42 Active listings and 32 homes are in Escrow. There were 29 closed sales in April and 11 of them were under 1 million. Hermosa has about 1.2 months of inventory. Most buyers negotiated a 4% discount on the asking price for their new homes. The average selling price in Hermosa Beach in April has decreased from last month to $2,227,000.
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