Manhattan Beach Properties Current Market Overview:
Manhattan Beach has 99 active listings and 32 properties are in Escrow. There were 23 closed sales in April (Only one property sold under 1 million and 19 over 2 million). The average selling price in Manhattan Beach Properties was $3,540,000. Manhattan Beach has 4.3 months of available inventory. The highest-priced home that sold this month was $11 million on 2nd and Ocean in the Sand Section. The median sales price for Manhattan Beach, CA 90266 is $2,900,000.
Hermosa Beach Properties Current Market Overview:
The Hermosa Beach real estate market has 54 Active listings and 14 homes are in Escrow. There were 13 closed sales in April and 2 of them were under 1 million. Hermosa has about 3.9 months of inventory. The average sold price in Hermosa Beach in April has decreased from last month to $1,876,000. The homes sold this month at an average sq/ft price of $1161. Buyers were able to negotiate a 6.5% discount off the original listing price. The highest-priced home sold on 17th and Manhattan Ave. for $3,150,000. The median sales price for Hermosa Beach, CA 90254 is $1,765,000.
Slight Buyer’s Advantage-