Manhattan Beach CA: Market Snapshot May 6, 2007

 

 

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

 

 

 

14 Comments on Manhattan Beach CA: Market Snapshot May 6, 2007

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.

05/06/2007 04:05 PM by Lauren Corna, CNS (Coldwell Banker Residential Brokerage)


Lauren-Prices did drop last year and there are places where home prices continue to drop.. Most of the beach cities along the coast in So Cal seem to be holding their own this year.  We are all seeing prices stabilize and even go up a little on prime properties.. I suspect you will see a few transplanted Californians in the next year or so.. the population of Los Angeles County just topped 10,300,000 that's more then many other states' total populations

05/06/2007 04:15 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)


Kaye, good reply to the question that gentleman asked you! I also have to say that the picture above is a postcard perfect picture!

05/06/2007 10:29 PM by Danny Smith (DISCOVER TEXAS HOMES)


Hey Kaye, could you post a pic on Localism of that really huge sand hill in Manhattan that people train on?  I was there in 1998 and decided to sprint to the top.  About 60% of the way up I realized that although my form was still very good (great knee lift and all), I was not progressing up the hill anymore.  I had sunk into the sand so far that I was spinning in place.  I abruptly shut down and acknowledged that the hill had won.  I wish I had a hill like that to train on now!

- Tchaka 

 

05/06/2007 11:10 PM by Tchaka Owen (Elite Coastal Properties)


Danny-I think the stats speak for themselves.. he may not like it but it is what it is.. Would you believe I took this with my old Kodak... I just bought a new Kodak P880 with wide lens and will see what the difference is..

Tchaka- I will absolutely take a picture of the sand dune for you as soon as I get my new camera.. I tried doing it with my current 34mm lens and didn't work very well.. so hopefully I will get some awesome shots with the new wide angle camera..

05/06/2007 11:20 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)


kaye,

Great info, thanks for sharing it, Always it is good to know information, statistics from every state :) keep the good work

 

05/06/2007 11:59 PM by Aurora Colorado Real Estate Ray Saenz, Colorado Realtor (United Property Brokers, INC)


Kaye, that looks like a beautiful place to live, but I could not imagine paying those prices for a house.  A little bit of sticker shock for me......LOL

05/07/2007 07:53 PM by George Souto (McCue Mortgage Co.)


George- It's a little bit of paradise with a price to match..LOL.. it is a bit of a sticker shock for people who relocate to our area but after a bit everyone get used to the prices ..

05/07/2007 09:28 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)


Hi Kaye: It's taken a while for me to respond...kinda' been put of action for the last week.

You're getting great shots, and prices I can't believe living near. Gawd how it must seem
from out of state. Great report. - Bob

05/09/2007 09:17 AM by Robert Kissig


Ray- Woud like to see a few more listings hit the amrket ..

05/09/2007 07:56 PM by Manhattan Beach CA/ e-PRO..... Kaye Thomas... (Real Estate West)


Kay ~ your inventory is low and your sales are high.  I believe your assessment of the market is right on!  BTW with scenery like that in your photo, I can understand why.  Your area is lovely!

kk 

05/11/2007 08:15 AM by Kristal Kraft ~ Denver Real Estate (The Berkshire Group Realtors)


kk- So far we seem to be doing well ... hope it holds steady.. You've got some pretty spectacular scenery too... my Sis lives in Loveland and my nieces love going into Denver to  Casa Flores ..

05/11/2007 10:15 AM 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

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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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