South Bay Real Estate News
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Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 105 active listings and 61 properties are in Escrow. There were 37 closed sales in September (Zero properties sold under 1 million and 20 over  2 million). Last month, on the avg. home buyers were able to negotiate a 5% discount for their homes. The average selling price in Manhattan Beach Properties was $2,210,000.  Manhattan Beach has 2.8 months of available inventory. We had a slight decrease in inventory as buyers saw an opportunity to negotiate a deal since many properties were on the market for a little while longer than normal, avg. days on the market is now 54 days which was a little less than last month.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 51 Active listings and 27 homes are in Escrow. There were 21 closed sales in September and 2 of them were under 1 million. Hermosa has about 2.4 months of inventory. Most buyers negotiated a 4% discount on the price for their new homes. The average selling price in Hermosa Beach in September has decreased from last month to $1,794,000. The homes sold this month had an average sq/ft price of $821.

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