Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 106 active listings and 60 properties are in Escrow. There were 32 closed sales in April (One property sold under 1 million and 23 over 2 million). Last month, on the avg. home buyers were able to negotiate a 2% discount for their homes. The average selling price in Manhattan Beach Properties was $2,330,000. Manhattan Beach has 3.2 months of available inventory. The inventory is still increasing but we may see some leveling home prices soon.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 51 Active listings and 34 homes are in Escrow. There were 19 closed sales in April and 3 of them were under 1 million. Hermosa has about 2.6 months of inventory. Most buyers negotiated a 4% discount on the price for their new homes. The average selling price in Hermosa Beach in April has increased from last month to $2,113,000. The homes sold this month had an average sq/ft price of $817.
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