Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 102 active listings and 68 properties are in Escrow. There were 45 closed sales in May (Two properties 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 $2,971,000. Manhattan Beach has 1.8 months of available inventory. The average price per sq/ft. was $1105 in May.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 48 Active listings and 35 homes are in Escrow. There were 22 closed sales in May and only two of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers were able to negotiate a 3% discount on the purchase of their new homes. The average selling price in Hermosa Beach in May has increased a lot from last month to $3,007,000. The homes sold this month at an average sq/ft price of $1311. Why? There were three expensive Strand Homes sold and one of them sold for $14,150,000.
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