Manhattan Beach Real Estate: Times are changing...I spent the morning meeting with clients who are thinking about purchasing a home in Manhattan Beach. I first met them in 2005 at an open house. After searching for 6 months and not finding the right home they decided to rent until they had more money saved. What a difference a few years can make. In 2005 homes were selling as fast as they came on the market. A nice home, priced right.. in good condition and in a good location... could easily sell in one day with multiple offers...The list price was where you started.. not ended. It was fast and furious as the inventory was very limited. If you saw something you liked you had to be quick... Oh... how we longed for a little breathing space and a bit more inventory. Today we were talking about how much the market has changed. While the inventory is still not large compared to other areas... you definitely have more choices. You can actually take some time to decide how much you really like a property... or not. While prices are not cheap by any means they have come down. The listing price is still a place to start... but now the biggest question isn't how much over the listing price to offer but rather how much under the listing price is a fair offer. A lot has changed in our market since 2005. But it seems that what we were praying to see in 2005.. a slower market without so much volatility in price is seen as the gateway to the market falling into the abyss. I'm sure there will be more adjustments over the next few months but probably not as much or as many as some are hoping to see. The economic news isn't great but some things are looking slightly better. Not all financial intuitions are hovering on the brink of bankruptcy. The FED is making a real effort to keep markets steady but not too enthusiastic. The stock market is up... then down... then up... seemingly out of bear territory for the moment... but no bulls in sight. No one knows what's happening with oil.. can you say hurricane.. but demand has gone down which may be a very good thing in the long run. To quote Mr. Dylan... The times they are a changin'.... http://www.move2manhattanbeach.com/006E93 ![]() ![]() ![]() ![]() ![]() Comment on this article This post has no comments awaiting moderation. About This Post Leave a comment »Posted on July 30, 2008 21:12:17 Posted in Manhattan Beach Posted by Kaye Thomas
|
Kaye Thomas, Realtor
I am a veteran real estate agent serving the South Bay communities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo. I specialize in helping my South Bay neighbors to buy and sell luxury oceanfront homes.
Your South Bay Real Estate resource for Buying and Selling in the So. CA /LAX Beach Cities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo.
Menu
MOST VIEWED POSTS
Most views
- Happy New Year.... Thoughts on Real Estate in 2010 (2,657)
- South Redondo Open House: 222 S Irena #C... Open Sunday 1-4 (1,712)
- Manhattan Beach-BeachCities: Why are home prices so high? (1,684)
- South Redondo Open House: 222 S. Irena Open Sunday 1-4 pm (1,664)
- Manhattan Beach Real Estate: The Tale of a Sale (1,559)
- South Bay-Beach Cities:Sold November 2008 (1,512)
- About Manhattan Beach Real Estate Agent, Kaye Thomas (1,421)
- Manhattan Beach: Market Snapshot December 11, 2009 (1,339)
- South Bay-Beach Cities: Holiday Events in the Beach Cities (1,307)
- Manhattan Village: Market Update January-September 2009 (1,305)
MOST RECENT POSTS
Recent Articles
- Redondo Beach Home Sales.... FHA is the Way
- 360 South Bay... Grand Opening #2
- Manhattan Beach Home Sales... Is Cash King?
- Hermosa Beach: Sold July-December 2000-2009
- 360 South Bay: Opening Day and Pricing
- Manhattan Beach Home Sales: 2000-2009
- 360 South Bay: Home prices...
- South Bay-Beach Cities: Sold December 2009
- Manhattan Beach: Market Snapshot January 17, 2010
- Happy New Year.... Thoughts on Real Estate in 2010
CONTACT
This site is proudly sponsored by:
Kaye Thomas905 Manhattan Beach Blvd
Manhattan Beach, CA
Office: 310-721-7438
Fax: 310-376-7992
DRE # 701315
E-Mail Kaye
Contact






+(2).jpg)





Recent comments