Tuesday, December 21, 2010

South Bay-Beach Cities: Sold November 2010

Manhattan Beach Pier.. December 2010

November closed sales figures were a bit disappointing but not unexpected. At just over the mid point of the month, December sales are also going to be low... although Manhattan Beach and North Redondo are on track to have more December closings then we saw in November. 

Pending sales seem to be picking up in all the Beach Cities which means January and February closings may be fairly respectable. North Redondo, which was really slow for the last two months, seems to have found a number of buyers with 68 pending sales. El Segundo has 20 pending sales, Manhattan Beach 50, Hermosa Beach 25 and South Redondo 34. It is very common for a number of properties that have been on the market for awhile to find buyers at the end of the year as both buyers and sellers often have to make a deal before year end. 

2010 has been an interesting year... interest rates have not been this low in 50 years but the low rates are not pushing sales as they might have done in years past. This market has no sense of urgency for most buyers. Prices are bouncing around... up in some sub markets and slightly lower in others. What is fascinating is that the markets can change quickly... areas that were hot are suddenly cold and those that were cold suddenly find themselves with lots of potential suitors. A few builders may be putting their toes back in the water which is not good news for entry level buyers.

South Bay-Beach Cities: Sold November 2010

 


Beach Cities: Sold November 2009 vs Nvember 2010

Affordable  and Adorable... New Price!

This is  the best condo for the money  in Manhattan Beach! 

Charming condo with lots of upgrades including new hardwood flooring in living room, granite counters in kitchen, sharp tile baths with bead board wainscot... Private laundry room and a 2 car enclosed garage with big storage room... walk to Polliwog Park, bike to the beach or shop at the Mall...   Perfect for first time buyers who want to live in Manhattan Beach..................            

 $549,000

1450 Manhattan Beach Blvd # C... Manhattan Beach

Charming condo with lots of upgrades including new hardwood flooring in living room, granite counters in kitchen, sharp tile baths with bead board wainscot... Private laundry room and a 2 car enclosed garage with big storage room... walk to Polliwog Park, bike to the beach or shop at the Mall...

                         $559,000

Perfect for first time buyers who want to live in Manhattan Beach..................

233 S. Meadows Ave. Manhattan Beach...   In Escrow

We are almost ready for prime time ... This property will be placed on MLS on Monday..

Terrific lot in good east Manhattan Beach location. This huge 14,000 lot is ideally suited for a dream home with room for pool, spa, sport court or ?

PLEASE..... DO NOT DISTURB OCCUPANTS!




Call (310) 721-7438 or email me for more information..

***Broker Cooperation... of course

233 S. Meadows Ave. Manhattan Beach...Truly a rare find!

Terrific lot in good east Manhattan Beach location. This huge 14,000 lot is ideally suited for a dream home with room for pool, spa, sport court or ?

The owners are clearing out some things and the property is not quite ready for prime time... Currently inspection of the property will be limited to offers made subject to inspection.   PLEASE..... DO NOT DISTURB OCCUPANTS!




Call (310) 721-7438 or email me for more information..


***Broker co-operation