Manhattan Beach and all Beach Cities: SOLD..Market Snapshot June 2007

 The Strand in Hermosa Beach

There is no question our local real estate market is slowing but then sales always slow in the summer. Last year at this time the South Bay/Beach Cities market was stalled.. as buyers just simply withdrew. I'm not seeing that this year as buyers are still coming to open houses and I'm getting a lot of inquiries from my websites.

The market is in a real pickle right now as Buyers continue looking closely at prices and wondering if Sellers are going to stand firm or if there might be a little leeway as we hit mid year. Sellers, on the other hand, are wondering if Buyers will finally step up to the listed price or will continue to be selective about price. I suspect they will meet somewhere in the middle.

I know there are a number of sellers who don't want to officially lower the asking price but are hoping someone will make an offer to get things moving. No one wants to make the first move.. Reminds me of teens at a middle school dance.. girls on one side of the room and boys on the other while the music plays and plays.. each one is afraid to be the first on the floor.

Beach Cities: Sold June 2007 ( click on the information to enlarge graphic)

 

 Beach Cities: Sold June 2006

Beach Cities: Sold May 2007

Beach Cities: Sold April 2007

Beach Cities: Sold March 2007

Beach Cities: Sold February 2007

Beach Cities: Sold January 2007

All content copyrighted@ 2007 Kaye Thomas

 

9 Comments on Manhattan Beach and all Beach Cities: SOLD..Market Snapshot June 2007

Hey Kaye,

You always do such a great job with these reports. I can't begin to tell you how much I'm learning about other r.e. markets all over the country by reading these reports. You get to live in such a beautiful area. Lucky girl!

07/12/2007 11:59 PM by Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, Brea, CA (Preferred Home Brokers)

Lynda- Thank you..coming from you  with your terrific posts on Brea is a great compliment.. I also love reading market reports from different areas.. found one from FL .. I think it was one of Neal 's.. $900 to rent a new single family home..  Even the difference between inland and the coast in CA is remarkable..

07/13/2007 12:40 AM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)

You really ought to look at putting something like this in the Carnvial of Content Contest Rich Jabobson has going....all real estate agents/brokers and then after us it's the mortgage guys.....You have good info and unreal pictures all the time!

07/13/2007 12:59 AM by Celeste "SALLY" Cheeseman (RA), HAWAII Real Estate & HAWAII Relocation (Century 21 Liberty Homes -Mililani, Hawaii)

Hi Sally-I thought he was looking for real estate ideas  for buyers and sellers not localism things like this..

07/13/2007 01:23 AM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)

Your market stats definitely point out the difference between the coastal cities and the inland areas.  Lake Forest is only 12 miles from Laguna Beach, but our prices are about 75% less and our inventory is up to 10 months in some price ranges!

07/13/2007 11:27 AM by Vicki Lloyd ~ MBA, ACRE, e-PRO, Realtor Lake Forest, California (The Real Estate Professionals)

Kaye - Great analogy of the market.  Middle School dance is perfect verbal visual.  Everyone waiting on opposite sides of the gymnasium hoping that someone will make a move, but not realizing that they could be the someone who gets the ball rolling---Love it!

07/13/2007 11:52 AM by Laguna Homes|Laguna Condos| Laguna Real Estate|Marlene Bridges (Sherman Smith & Associates)

Vicki- I was so surprised at the difference.. I would never have thought that..

Marlene- Yep. I couldn't get the idea out of my head... Once  the first guy gets the courage to move and makes a great deal the rest will follow .. of course the first guy will be considered just lucky..

 

07/13/2007 06:57 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)

Nice market update Kaye, makes sense.  I just sold one and listing two other because of the first one.

07/18/2007 09:51 AM by Gary White~ Grand Rapids Real Estate, FLexIt Realty, a call or click away! (Flexit Realty~Serving West Michigan)

Gary- Thanks.. it's easy  to post reviews when you are working in a small area by the beach.. Congratulations on your sales..

07/18/2007 04:59 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)

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Real Estate Agent: Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)
Manhattan Beach CA/ e-PRO..... Kaye Thomas...
Manhattan Beach, CA
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Real Estate West

Cell Phone: (310) 721-7438
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My thoughts on everything from Real Estate in the South Bay beach cities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo California to anything else that strikes my fancy.

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