Beach Cities blog

11 Common Real Estate Terms Explained
Article

11 Common Real Estate Terms Explained

If you’re buying or selling a home, you’ll hear terms that are not familiar or that you don’t completely understand. Being confused about the terminology agents use can make an… Read more ⇢
South Bay Beach Cities: Is Aging in Place a Goal?
Article

South Bay Beach Cities: Is Aging in Place a Goal?

By Princeton Design Collaborative Lawrenceville – See more Home Design Photos    … Read more ⇢
South Bay-Beach Cities: Home Prices in 2018
Article

South Bay-Beach Cities: Home Prices in 2018

Happy New Year… Welcome to 2018 Time to dust off the old crystal ball and see what the future may hold for home prices in the South Bay-Beach Cities… Read more ⇢
2017 Christmas- Holiday  Events in the South Bay-Beach Cities:
Article

2017 Christmas- Holiday Events in the South Bay-Beach Cities:

Fun Christmas – Holiday  Events in  Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo ….December 2017 It’s that special time of year….. a time when small kids… Read more ⇢
Neptunian Gift Wrap at the Mall starts December 13, 2017
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Neptunian Gift Wrap at the Mall starts December 13, 2017

Get all your Holiday and  December birthday gifts wrapped at the Manhattan Beach Mall..  The fun starts December 13, 2017….  Do you have a lot of gifts to wrap?  Are you… Read more ⇢
South Bay-Beach Cities: Your Starter Home Might Not be a House.
Article

South Bay-Beach Cities: Your Starter Home Might Not be a House.

In the South Bay Beach Cities, a starter home might not be a house.  Buyers think of a starter home as a small, older house… Read more ⇢
Beach Cities: 6 Home Selling Myths Debunked
Article

Beach Cities: 6 Home Selling Myths Debunked

When it comes to updating your Beach Cities home you’ve no doubt received lots of advice from friends and family. Though most folks have the best of intentions,… Read more ⇢
South Bay-Beach Cities: Explore a Community Through Social Media
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South Bay-Beach Cities: Explore a Community Through Social Media

    While there is nothing that equals seeing a new neighborhood in person, social media can be a great tool if in person browsing is not an… Read more ⇢
El Segundo: Market Report May-July 2017
Article

El Segundo: Market Report May-July 2017

        El Segundo is not traditionally considered a Beach City.. although it does have a beach.  Home prices have shot up in El Segundo in the last… Read more ⇢
Beach Cities: 4 Reasons You Should See Homes in Person
Article

Beach Cities: 4 Reasons You Should See Homes in Person

                We love our technology!  Virtual tours are the new hot button in real estate sales.   All the major web… Read more ⇢
Redondo Beach: Home Sales May-July 2017
Article

Redondo Beach: Home Sales May-July 2017

      Redondo Beach is still the most affordable coastal  Beach City;   For years Redondo Beach was the city buyers headed toward when Manhattan and Hermosa got too… Read more ⇢
Hermosa Beach: Home Sales May-July 2017
Article

Hermosa Beach: Home Sales May-July 2017

  Home inventory remains a major issue in our local South Bay-Beach Cities real estate market.  An interesting article in the Daily Breeze points out a major reason… Read more ⇢
Manhattan Beach: Home Sales May-July 2017

 

 

In recent months the news has been full or reports about the lack of affordable housing.  The issue isn’t just one for first-time buyers looking for homes under $500,000. Low inventory levels impact home sales in the local real estate markets.in Manhattan Beach, Hermosa, Redondo and El Segundo.   To the surprise of many, it’s not just the entry levels portions of the market that are having issues.   Even the luxury home section of the market has been impacted by low inventory levels.    While Manhattan Beach inventory is slightly higher than in the other Beach Cities;  there are just not enough homes available to meet the needs of prospective buyers.

 

Agents are posting in all networking groups looking for new listings that may be about to hit the market or pocket listings that might be available at the right price.   Rising interest rates do not seem to be having much of an effect on the local Manhattan Beach-Beach Cities market.  They will have to move up quite a bit before they impact the Beach Cities real estate market.

 

Looking at the chart below you can see how the swings in inventory in recent years.  The rest of the charts give a clearer picture of the Manhattan Beach real estate market.   This is a market that continually moves up and down depending on the mix of inventory and the properties that have sold.  In the last 2 months there have been two $20million dollar home sales. one on The Strand that will likely be torn down. The other just closed escrow in the Hill section and is a lovely co,pound that will probably keep the same footprint with a few changes.

 

Manhattan Beach: Active Listings:

(click on image to see numbers)

 

 

 

 

Manhattan Beach: Median Home Sale prices May-July 2017

 

 

 

 

Manhattan Beach: Number of Home Sales May-July 2017:

 

(click on image to see numbers)

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Manhattan Beach: Home Sales May-July 2017

Beach Cities-South Bay Home Prices: new Average $1.1 million
Article

Beach Cities-South Bay Home Prices: new Average $1.1 million

            Just in case you missed it The Daily Breeze noted that the average home price in the South Bay topped $1.1 million…… Read more ⇢
South Bay-Beach Cities: 55+ Housing Options
Article

South Bay-Beach Cities: 55+ Housing Options

          I  get at least 10  calls a month about 55+ housing in the South Bay.  The calls are mixed.. some from people looking to buy… Read more ⇢

Moving? Know the value of your home …