South Bay Real Estate News
 
3 Things You Need To Know:

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 115 active listings and 52 properties are in Escrow. There were 41 closed sales in June (Zero properties sold under 1 million and 26 over  2 million). Last month, on the avg. home buyers negotiated a 2% discount for their homes. The average selling price in Manhattan Beach Properties was $2,622,000.  Manhattan Beach has 2.8 months of available inventory.  The highest priced home that sold this month was $6.1 million on Pacific street. The average price per sq/ft. was $975 in July.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 54 Active listings and 23 homes are in Escrow. There were 18 closed sales in July and two of them were under 1 million. Hermosa has about 3 months of inventory. Most buyers paid over asking price for the purchase of their new homes. The average selling price in Hermosa Beach in July has increased a lot from last month to $2,063,000. The homes sold this month at an average sq/ft price of $857.

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.