Manhattan Beach Real Estate- April Update

I’m looking for NEW Listings. Do you know of any?
South Bay Real Estate News
3 Things You Need To Know:

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.

Thank you for tuning in to Manhattan Beach Properties, an informative real estate blog. Please contact our Real Estate Team for more information on how to use our “Gold Medal Services”  for all of your Real Estate needs.  We are here to help you buy or sell your dream home.

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