BUYING

Planning a House Hunting Trip
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Planning a House Hunting Trip

Memorial Day weekend is almost here. This holiday is often thought of as the unofficial start of summer. But it can also be a great time to go house h… Read more ⇢
Happy New Year..  2019 Home Prices in the Beach Cities
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Happy New Year.. 2019 Home Prices in the Beach Cities

    Wow... Another year has come and gone!  2018 was a most interesting year.  California got a new Governor and a lot of issues to cont… Read more ⇢
North Redondo Beach-90278: Weekly Market Reports 2018
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North Redondo Beach-90278: Weekly Market Reports 2018

North Redondo Beach Townhome... North Redondo remains the most affordable of the Beach Cities.  Buyers looking to buy a  home under $800,000 … Read more ⇢
South Redondo Beach-90277: Weekly Market Reports 2018
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South Redondo Beach-90277: Weekly Market Reports 2018

Homes on the Avenues in South Redondo Beach... Home prices in South Redondo Beach are a good alternative to Manhattan Beach and Hermosa Beach p… Read more ⇢
Manhattan Beach:  Weekly Real Estate Market Reports 2018
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Manhattan Beach: Weekly Real Estate Market Reports 2018

 Walkstreet Manhattan Beach   Home prices in Manhattan Beach have been very stable since the first of the year That said  Manhattan Beach home prices… Read more ⇢
Hermosa Beach:  Weekly Market Reports 2018
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Hermosa Beach: Weekly Market Reports 2018

 Hermosa Beach Pier... There is a lot happening in our local Hermosa Beach real estate market.  Home prices continue to move upward while inventory… Read more ⇢
Holiday Weekend Open House Pros and Cons
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Holiday Weekend Open House Pros and Cons

July 4th is quickly approaching which is about the middle of the summer selling season. If you’re listing your home, you may be wondering if a holid… Read more ⇢
Don’t Fall For These Real Estate Scams
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Don’t Fall For These Real Estate Scams

Low inventory and high home prices in the South Bay Beach Cities can make for some interesting happenings.  You need to be aware of the different typ… Read more ⇢
11 Common Real Estate Terms Explained
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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 terminol… Read more ⇢
South Bay Beach Cities: Is Aging in Place a Goal?
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South Bay Beach Cities: Is Aging in Place a Goal?

By Princeton Design Collaborative Lawrenceville - See more Home Design Photos     Photo by Princeton Design Collaborative - More kitch… 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 Cit… 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 with potential... 1000 sq… 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… 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

Manhattan Beach : Home Sales April-May 2017
Article

Manhattan Beach : Home Sales April-May 2017

Manhattan Beach Home Sales April-May 2017       Manhattan Beach Strand...      Just in case anyone is keeping track.. t… Read more ⇢

Moving? Know the value of your home …