Manhattan Beach Real Estate- May Update

South Bay Real Estate News
 
3 Things You Need To Know:

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.

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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