Cash Sales of Manhattan Beach Homes Hits New Record

The percentage of homes purchased with no mortgage in California in 2012 was reported at a record 32.4%, a bit more than twice the usual rate.  This might not be surprising considering the large number of investors who were snapping up bargain … [Read more...]

Where Are the Home Sellers?

Higher Taxes May Be In Store for Some Home Sellers Who Wait Low inventory levels have plagued home buyers all year long.  As the 3rd quarter ended, Manhattan Beach had 2.9 months of inventory, and 2.4 months in Hermosa Beach and Redondo Beach. … [Read more...]

Top 10 Legal Mistakes Home Sellers Make

According to the California Association of REALTORS... … [Read more...]

What a Difference a Zip Code Makes!

California Median Home Prices by County The California Association of REALTORS published this handy chart to compare the median home prices by county.  But within a county there can be a great variation.  In Los Angeles County we have diverse … [Read more...]

June Sales Figures Show the Best Spring Market Since 2007

Beach Cities Sales Increase In Spite of Low Inventories The first six months of the year are the busiest in the real estate market.  This spring was no exception with a 10.8% increase in the number of transactions in Manhattan Beach,  a 36% increase … [Read more...]

On The Strand, North Hermosa Beach

A Jewel at 3410 The Strand for under $5 Million After writing about some of the rare chance to buy homes on oversized lots or combined lots. this week opportunity comes knocking on a smaller than average lot, which proves the adage that big things … [Read more...]

How Many Beach City Sales Are All Cash Offers?

Since multiple offers on properties has become common place in areas like the Manhattan Beach Tree Section as well as elsewhere in the Beach Cities, it might be relevant to note that many offers are all cash today.  How many?  You might be … [Read more...]

May Sales in the Beach Cities Real Estate Market

Sales trends we saw in March and April continued in May, 2012 .  In Manhattan Beach closed sales increased to 60 in May (51 in March and April), an increase of 38% over May, 2011.  The average sales price was $1,678,000.  The really impressive figure … [Read more...]