
Contrary to all the predictions Manhattan Beach,CA real estate continues to move at an even pace. A few days ago a gentleman questioned why I thought the market in Manhattan Beach appeared to be returning to a normal market. I told him that it was because the local market seemed to be acting in a rational manner.. that is home prices were going up a little in some areas, down a bit in others while showing little movement in still other sectors. Most Buyers and Sellers have realized that prices aren't going to see huge increases or decreases but rather will continue to stay at a level pace.
There are currently 84 single Family Homes and 28 Townhomes/condos for sale. There are 48 single family homes and 19 townhomes/condos that are under contract (pending sale). Since April 1, 2007 47 Single Family Homes and 18 Townhomes/condos have closed escrow. When viewing how the properties break down by price range you will note that the majority of homes are listing and selling between $1,000,000-$3,000,000.
This is how the numbers break out for each area:

Number of properties by price range

You may also want to check out these posts:
Manhattan Beach: Market Snapshot April 23, 2007
Southern California: Holding it's Own in the Real Estate Wars
Southern California Real Estate: The Market That Won't Die.
Manhattan Beach: Market Snapshot March 17, 2007
Manhattan Beach: Market Snapshot March 5, 2007
Beach Cities Sold March 2007
Beach Cities SOLD February
Beach Cities SOLD January
Manhattan Beach and all Beach Cities Real Estate Information
All content copyright © 2007 Kaye Thomas
Wow !! That is an awesome photo !! I heard that the prices have been dropping in CA.
Here in my area of Texas, DFW, we are hoping that we can attract a lot of folks from California to move here.