Manhattan Beach March 2011


As usual January and February were slow months for closed sales. Also as usual new inventory was scarce. As we ease in to March closed sales are on the rise and inventory is up slightly. Much of the increase in inventory are homes that went off market over the holidays and are now back hoping to find a buyer.

While rumors of shadow inventory are widespread we are not seeing any major increases in the South Bay Beach Cities. Agents are networking in hopes of finding properties that are fresh to the market before they are posted on the MLS.

Prices are bouncing around like Yo-yos. Homes that are priced right are receiving multiple offers while those that are not at market value remain on the market until the price reaches a level buyers deem to be correct . Sales at the entry level for all market areas continue to be brisk with many homes and townhomes closing escrow at prices well over the list price.

Buyers still tend to lack a sense of urgency. As long as rates remain on the low side and inventory somewhat stable most buyers don't mind continuing to search for property. Buyers who are writing offers are very specific about they want and often have been looking for a very long time. Many are realizing that prices may be about as low as they are likely to be in the Beach Cities and are willing to buy now.

Sellers are finding this is not the time to test the waters. Prices are flat at best and over priced homes tend to sit and soon become old news if the price is not adjusted quickly. Even with all the ups and downs of the market, our local Beach Cities real estate market continues to fare better then other parts of the county and state. Buyers waiting for huge discounts in prices in the Beach Cities have been disappointed.


Beach Cities: Sold January 2011











Beach Cities: Sold February 2011

2301 Valley Dr, Hermosa Beach CA... New Price!

Open House Sunday October 24, 2010 from 1-4 pm


Wow.. A new price makes this charming home even more inviting...Don't miss this wonderful home in the Hermosa Valley section of Hermosa Beach Ca. The home has been totally remodeled and features 5 bedrooms, 3 full baths, huge family room and a stunning kitchen. Situated on a large 5543 sq ft lot this beauty has a huge yard, large patio and wrap around west facing deck with wonderful city views. Just a short stroll to downtown, the beach, schools and the park. Homes this size on a large lots rarely come on the market... so don't miss the opportunity to view this amazing home.

                                                     $1,595,000





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2301 Valley Dr, Hermosa Beach CA... Open House Sunday September 26, 2010 from 2-4 pm

Don't miss this wonderful home in the Hermosa Valley section of Hermosa Beach Ca. The home has been totally remodeled and features 5 bedrooms, 3 full baths, huge family room and a stunning kitchen. Situated on a large 5543 sq ft lot this beauty has a huge yard, large patio and wrap around west facing deck with wonderful city views. Just a short stroll to downtown, the beach, schools and the park. Homes this size on a large lots rarely come on the market... so don't miss the opportunity to view this amazing home.

                                               $1,625,000

2301 Valley Dr,  Hermosa Beach CA... Open House Sunday September 12, 2010  from 2-4 pm

 Don't miss this wonderful home in the  Hermosa Valley section of Hermosa Beach Ca.  The home has been totally remodeled and features 5 bedrooms, 3 full baths, huge family room and a stunning kitchen.  Situated on a large 5543 sq ft lot this beauty has a huge yard, large patio and wrap around west facing deck with wonderful city views.   Just a short stroll to downtown, the beach, schools and the park.  Homes this size on a large lots rarely come on the market... so don't miss the opportunity to view this amazing home.                                                  

                                           $1,625,000

                 612 10th Street #B, Hermosa Beach, CA 90254

                                          In Escrow

                 

                                         Open House Sunday 1:00-4:00

              This one has it all...   including a new price...  $959,000

This sharp rear unit is a short walk to downtown Hermosa and the Beach.   Literally steps to the jogging path  for an early morning run  or a quiet evening stroll.  Walk to the library and restaurants and beach concerts.

There's lots to love in this unit from the roof top deck with a peek of the ocean to the oversize laundry room with storage galore.  The home is 2357 square feet with  3 large bedrooms, 2.5 baths, charming living room, a full size dining room and a breakfast nook, large family room with open views and a fabulous kitchen. with a terrific pantry.  The 2 view decks give you a new perspective on beach living.

            


Click on the video for a quick preview and join me Sunday July 11, 2010 for a closer inspection.