Manhattan Beach Real Estate- May Update

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

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 104 active listings and 56 properties are in Escrow. There were 33 closed sales in April (Zero property sold under 1 million and 16 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 $2,290,000.  Manhattan Beach has 2.9 months of available inventory.  The highest priced home that sold this month was $3.825 million on 7th in the Sand Section. The average price per sq/ft. was $1057 in April.

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 53 Active listings and 29 homes are in Escrow. There were 18 closed sales in April and Two of them were under 1 million. Hermosa has about 1.9 months of inventory. Most buyers negotiated a 4% discount off the purchase price of their new homes. The average sold price in Hermosa Beach in April has increased a lot from last month to $2,571,000. The homes sold this month at an average sq/ft price of $1025. There were not a lot of sales this month but a home on Amby sold for $8,175,000.

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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