Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 105 active listings and 58 properties are in Escrow. There were 34 closed sales in March (Zero properties sold under 1 million and 28 over 2 million). Last month, on the avg. home buyers were able to negotiate a 2% discount for their homes. The average selling price in Manhattan Beach Properties was $3,539,000. Manhattan Beach has 1.8 months of available inventory. The average price per sq/ft. was $1124 in March.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 46 Active listings and 18 homes are in Escrow. There were 14 closed sales in March and only one of them were under 1 million. Hermosa has about 2.6 months of inventory. Most buyers were able to negotiate a 10% discount on the purchase of their new homes. The average selling price in Hermosa Beach in March has increased a lot from last month to $2,855,000. The homes sold this month at an average sq/ft price of $1071. We had a huge increase in the avg. selling price and price per sq./ft. because four of the 14 homes sold in March were over 4.5 million.
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