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.
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