South Bay Beach Cities Single Family Home Market Report as of June 15, 2014

South Bay Beach Cities real estate market report. Home sales, prices, inventory in Hermosa Beach, Manhattan Beach and Redondo Beach. Call 310.918.5027 or email info@isellsouthbay.com for your local area report.

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South Bay Beach Cities Single Family Home Market Report as of June 15, 2014

Posted by Krystyna Baty on Friday, June 20th, 2014 at 3:25pm.

hermosa beachSouth Bay Beach Cities Single Family Market Report for the last three months shows an active and healthy real estate market. With interest rates staying stable and still a low inventory in many areas we are heading into summer with some interesting facts.  In the South Bay Beach Cities over the last three months there have been 238 houses sold.

Below are stats detailing average selling price, sq footage, days on the market.  Data is based on CRMLS for Hermosa Beach, Manhattan Beach and Redondo Beach.

Status: Closed Sale (239) Beach Cities South Bay
    List Price

DOM   

Selling Price                    BD   BA Year Built   SqFt         Lot SqFt
Min 499,999   525,000 1 1.00 1910 504 1,131
Max 12,875,000        378 12,000,000 6 10.00 2014 8,500 15,709
Avg 1,668,597 44 1,665,600 3 2.84 1967 2,278 4,856
Sum 398,794,631   398,078,458        

SEARCH ALL HOMES                     WHAT'S MY HOME WORTH?

Today, there are 126 single family homes listed for sale in the beach cities of Hermosa Beach, Manhattan Beach and Redondo Beach. 31 houses went expired, or got canceled during that same time in the beach cities real estate market. 

When a home falls into this last category there are always clues as to why.  Overpricing is one culprit, but so is bad or no marketing. Remember that not all agents are the same, but all agencies will put your listing on hundreds of websites. This does not mean great marketing, it means whatever is in MLS will be sent to all these other sites.  If you do not have the right kind of search terms in your descriptions the people who are searching for houses will never find you.  You need a marketing expert today more than ever.

Indications are that the interest rates will remain low for another year. Federal Reserve met this week to discuss the economy and there is some concern about rising inflation in the consumer products area. Real estate market was not mentioned at the meeting. This continues to be a great time to purchase and finance your house with these low interest rates. 

If you have any questions about your own South Bay real estate or a neighborhood you would like to learn more about, don't hesitate to reach out via info@isellsouthbay.com or 310-918-5027 and I'll glad to give you a far better and deeper look into your area for you, no obligation. Check back for the ongoing Beach Cities and South Bay single family sales report.

Krystyna Baty, experienced real estate broker, is committed to the highest standards of professional service for all your South Bay Real Estate needs. I pride in getting top dollar for our home sellers in the least amount of time. For our home buyers my team employs our extensive knowledge and experience to find the perfect home. If you would like more information in regards to buying or selling a home, please email or call me at (310)918-5027 today!

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