Manhattan Beach is a small beach town just 19 miles southwest of Los Angeles and 3 miles away from the international airport. Despite its proximity to one of the largest population centers in America, this is an upscale residential village with tree-lined streets, over two miles of beachfront, and a historic pier. Manhattan Beach Real Estate For Sale offers unprecedented new opportunities in this exclusive community.
Most of the residents of Manhattan Beach, around 15,000 households, are professionals working in Los Angeles and their families. Standard of Living is one of the highest in the country, and the schools are second to none. The town has its own film studio and is well known to many Hollywood types. Ever since it was incorporated at the turn of the last century, the town has been an elite beachfront satellite. It has a strand and a picturesque pier, as well as world-class shopping, international fine dining, and some of the best surfing in the area. Situated at the southerly end of Santa Monica Bay and enjoying one of the most agreeable climates on earth, this is the town that people imagine when they think of relaxed southern California living. Manhattan Beach properties are highly desirable. Manhattan Beach Real Estate For Sale makes this a great time to consider investing in the area.
Obviously the real estate market in town has suffered due to the recent crisis along with the rest of the country. This is a community with deep pockets, however, and so the market here was protected against wild fluctuations. After the spike and crash of the real estate bubble, home values returned more or less to pre-boom levels and have been steadily rising. This is a highly desirable location and will always remain inherently valuable as an exclusive residential village next to all the action of Los Angles. Smart real estate investors are currently finding new points of entry into a market that had been quite closed.
One upswing of recent events is that the real estate market has been shaken up a bit and reshuffled. For savvy investors, there are new opportunities in many unexpected places. There is currently Manhattan Beach Real Estate For Sale offering some interesting glimpses. While buying into high end properties probably won't offer the rapid turnovers of riskier marginal offerings, long term value is almost a sure thing. After the recent turmoil, many believe that the smart money today is in slow and steady growth. Because of its idyllic setting, Manhattan Beach continues to grow at a healthy, controlled rate. Along with the financial resiliency demonstrated in the crisis, this speaks well to a strong future and increasing home values.
Home prices in the town are admittedly on the high end. For those with the resources to invest at this level, however, there are many attractive offers available. This year, the average home price is around 2 million for a large 3 bedroom near the beach, though some properties are selling for much less. Because of its elite location and important ties to Los Angeles, it seems unlikely that home values will do anything except go steadily up in the future. Manhattan Beach Real Estate For Sale is currently offering great deals for smart investors.