Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 123 active listings and 60 properties are in Escrow. There were 43 closed sales in May (Two properties sold under 1 million and 24 over 2 million). Last month, on the avg. home buyers were able to negotiate a 5% discount for their homes. The average selling price in Manhattan Beach Properties was $2,822,000. Manhattan Beach has 2.7 months of available inventory. The inventory is increasing and the markets seems to be softening.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 54 Active listings and 36 homes are in Escrow. There were 18 closed sales in May and 2 of them were under 1 million. Hermosa has about 2.8 months of inventory. Most buyers negotiated a 5% discount on the price for their new homes. The average selling price in Hermosa Beach in May has decreased from last month to $1,678,000. The homes sold this month had an average sq/ft price of $979.
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