Manhattan Beach Real Estate- May Update

Estelle is enjoying playing baseball for Dr. Paul’s. She is a good hitter and has been holding her own with the boys on her team.  It’s fun and funny to watch them play. She plays tennis and has jazz weekly.

Tuck’s Elite club basketball team is playing well. They finished 2nd in their last tournament but should have won. They were up by 5 points with 2 minutes left but turn overs cost them the game.  He plays AA baseball for 900 Club (11-2). Tuck is pitching well and he’s starting to hit consistently too. He plays tennis weekly.

South Bay Real Estate News

3 Things You Need To Know:

 10 Projects to Recoup Costs at Resale

The impact of Home Staging

The Impact of Rising Interest Rates on REITS

 

Manhattan Beach Properties has an avg. of $972 Price per SQ/FT in the month of April.

Manhattan Beach has 54 active listings and 54 properties are in Escrow (3 properties are under 1 million and 29 are over 2 million). There were 31 closed sales in April. Last month, on the avg. home buyers squeeked a 1% discount on the price for their homes. The average selling price in Manhattan Beach Properties was $2,175,000.  Manhattan Beach has 1.7 months of available inventory.

The Hermosa Beach real estate market has 42 Active listings and 32 homes are in Escrow. There were 29 closed sales in April and 11 of them were under 1 million. Hermosa has about 1.2 months of inventory. Most buyers negotiated a 4% discount on the asking price for their new homes. The average selling price in Hermosa Beach in April has decreased from last month to $2,227,000.