Manhattan Beach Real Estate- August Update

Dreams Are Made During The Olympics
I’m enjoying watching the Olympics.  It brings back fond memories when I competed in them in Sydney, Australia 2000. Our goal was to add a medal to the USA medal count. Dain Blanton and I did but it was a little more than expected. Go Team USA! I’m proud to be an Olympian.
South Bay Real Estate News
 
3 Things You Need To Know:

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 127 active listings and 62 properties are in Escrow. There were 31 closed sales in July (1st Time ZERO properties sold under 1 million and 19 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 $2,729,000.  Manhattan Beach has 4.1 months of available inventory. As the inventory increases, we see buyers more active and making deals.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 62 Active listings and 24 homes are in Escrow. There were 23 closed sales in July and 3 of them were under 1 million. Hermosa has about 2.7 months of inventory. Most buyers negotiated a 4% discount on the price for their new homes. The average selling price in Hermosa Beach in July has increased from last month to $1,900,000. The homes sold this month had an average sq/ft price of $892.

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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