South Bay Real Estate News
Articles: Save Big With a Shorter-Term Loan
Manhattan Beach has 37 active listings. There are 83 properties that are in Escrow (10 of these properties are under 1 million and 32 are over 2 million.) There were 42 closed sales in March and only 8 of them were under a million. In March, we continued to have a lot of active buyers who were able to negotiate about 2% discount from the last offered price. The average selling price in Manhattan Beach Properties was $1,665,000. Manhattan Beach has 0.9 months of available inventory.
The Hermosa Beach real estate market has 40 Active listings. The Sand Section has 16 active listings with 14 in escrow, Hermosa Valley Section has 13 actives & 12 in escrow, and Hermosa Hill section, East of PCH has 11 actives & 10 in escrow. There were 16 closed sales in March and 8 of them were under 1 million. HB has about 2.2 months of inventory. Most buyers were able to negotiate a 1% discount on the last offered price of their new home. The average selling price in Hermosa Beach was $1,000,000 for March.
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