South Bay Real Estate News
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Manhattan Beach has 32 active listings and 40 properties are in Escrow (None of these properties are under 1 million and 15 are over 2 million). There were 30 closed sales in November. Home sales under a million dollars in Manhattan Beach are gone. In November, home buyers who were able to negotiate about 3% discount from the list price. The average selling price in Manhattan Beach Properties was $2,185,000. Manhattan Beach has1.1 months of available inventory.
The Hermosa Beach real estate market has 30 Active listings and 22 homes are in Escrow. There were 20 closed sales in November and 8 of them were under 1 million. Hermosa has about 1.7 months of inventory. Most buyers were able to negotiate a 4% discount on the last offered price of their new home. The average selling price in Hermosa Beach in November has increased to $1,803,000.
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