Manhattan Beach Real Estate- September Update

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South Bay Real Estate News
 
3 Things You Need To Know:
Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 115 active listings and 44 properties are in Escrow. There were 33 closed sales in August (One property sold under 1 million and 21 over  2 million). Last month, on the avg. home buyers negotiated a 7% discount for their homes. The average selling price in Manhattan Beach Properties was $3,304,000.  Manhattan Beach has 3.5 months of available inventory.  The highest priced home that sold this month was $20 million on Pacific street. The average price per sq/ft. was $1202 in August.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 42 Active listings and 17 homes are in Escrow. There were 24 closed sales in August and two of them were under 1 million. Hermosa has about 1.8 months of inventory. Most buyers negotiated a 3% discount off the purchase price of their new homes. The average median price in Hermosa Beach in August has decreased a lot from last month to $1,500,000. The homes sold this month at an average sq/ft price of $1055. Two Strand homes sold this month on 18th Street for about 7 million each.

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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