Manhattan Beach Real Estate- September Update

 

Elite Beach Volleyball Tryouts for 2016-17 Season

September 11th from 9-11am at Marine Avenue in Manhattan Beach
September 25th from 9-11amat Rosecrans in Manhattan Beach
Registration link can be found HERE.
The Future Of Purchasing A New Home
The Future Of Purchasing A New Home
South Bay Real Estate News
 
3 Things You Need To Know:

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 111 active listings and 56 properties are in Escrow. There were 39 closed sales in August (One property sold under 1 million and 28 over  2 million). Last month, on the avg. home buyers were able to negotiate a 6% discount for their homes. The average selling price in Manhattan Beach Properties was $2,180,000.  Manhattan Beach has 2.8 months of available inventory. We had a slight decrease in inventory as buyers saw an opportunity to negotiate a deal since many properties were on the market for a little while longer than normal, avg. days on the market is now 70 days.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 48 Active listings and 30 homes are in Escrow. There were 26 closed sales in August and 3 of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers negotiated a 4% discount on the price for their new homes. The average selling price in Hermosa Beach in August has increased a lot from last month to $2,408,000. The homes sold this month had an average sq/ft price of $1069.

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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