Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 127 active listings and 62 properties are in Escrow. There were 31 closed sales in July (1st Time ZERO properties sold under 1 million and 19 over 2 million). Last month, on the avg. home buyers were able to negotiate a 3% discount for their homes. The average selling price in Manhattan Beach Properties was $2,729,000. Manhattan Beach has 4.1 months of available inventory. As the inventory increases, we see buyers more active and making deals.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 62 Active listings and 24 homes are in Escrow. There were 23 closed sales in July and 3 of them were under 1 million. Hermosa has about 2.7 months of inventory. Most buyers negotiated a 4% discount on the price for their new homes. The average selling price in Hermosa Beach in July has increased from last month to $1,900,000. The homes sold this month had an average sq/ft price of $892.
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