Manhattan Beach Real Estate-December Update

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

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 80 active listings and 29 properties are in Escrow. There were 33 closed sales in November (Zero properties sold under 1 million and 16 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 $2,225,000.  Manhattan Beach has 2.4 months of available inventory. We had a decrease in inventory and some 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 45 days.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 44 Active listings and 20 homes are in Escrow. There were 16 closed sales in November and 4 of them were under 1 million. Hermosa has about 2.6 months of inventory. Most buyers negotiated a 6% discount on the price for their new homes. The average selling price in Hermosa Beach in November has decreased from last month to $1,630,000. The homes sold this month had an average sq/ft price of $968.

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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