Manhattan Beach Real Estate-May Update

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I’m looking for NEW Listings. Do you know of any?
 
South Bay Real Estate News
 
2 Things You Need To Know:

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 107 active listings and 69 properties are in Escrow. There were 48 closed sales in April (One property sold under 1 million and 24 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 $2,346,000.  Manhattan Beach has 2.1 months of available inventory.  The average price per sq/ft. was $932 in April.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 48 Active listings and 24 homes are in Escrow. There were 18 closed sales in April and only two of them were under 1 million. Hermosa has about 2 months of inventory. Most buyers were able to negotiate a 2% discount on the purchase of their new homes. The average selling price in Hermosa Beach in April has decreased a lot from last month to $1,738,000. The homes sold this month at an average sq/ft price of $871.

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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