Manhattan Beach Real Estate- April Update

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 105 active listings and 52 properties are in Escrow. There were 33 closed sales in March (One property sold under 1 million and 23 over  2 million). Last month, on the avg. home buyers were able to negotiate a 3% discount for their homes. The average selling price in Manhattan Beach Properties was $2,695,000.  Manhattan Beach has 3 months of available inventory. The inventory is increasing but the sales prices are also trending upward.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 47 Active listings and 20 homes are in Escrow. There were 16 closed sales in March and 4 of them were under 1 million. Hermosa has about 2.3 months of inventory. Most buyers paid over list price for their new homes. The average selling price in Hermosa Beach in March has increased from last month to $1,521,000. The homes sold this month had an average sq/ft price of $1000.