South Bay Real Estate News
3 Things You Need To Know:
How Do Buyers Evaluate Real Estate Crushes?
UCLA Anderson Predicts ‘Normal’ CA Housing Market
My New Listing:
Manhattan Beach has 64 active listings and 54 properties are in Escrow (8 of these properties are under 1 million and 35 are over 2 million). There were 43 closed sales in June. Home sales under a million dollars in Manhattan Beach are hard to find. In June, home buyers on the average paid over the list price for their new home. The average selling price in Manhattan Beach Properties was $2,163,000. Manhattan Beach has 1.4 months of available inventory.
The Hermosa Beach real estate market has 38 Active listings and 22 homes are in Escrow. There were 22 closed sales in June and 12 of them were under 1 million. Hermosa has about 1.7 months of inventory. Most buyers paid over the list price for their new home. The average selling price in Hermosa Beach in June has decreased from last month to $1,301,000.
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