Open Saturday January 3 and Sunday January 4, 2009  1-4 pm

This is a great opportunity for buyers who want to move to the Hill section of Manhattan Beach. The price has been reduced to $1,200,000 making it one of the best priced homes in the Manhattan Beach Hill Section. In addition to a lower price, the owner will consider holding a second trust deed for a qualified buyer. This will allow a buyer to purchase with confidence in today's often confusing financial market. Many lenders will not lend as much as they would a few years ago even to well qualified buyers. If you have been considering purchasing a home in Manhattan Beach but have been a bit unsure about financing alternatives this might be a home to consider.

511 Dianthus in the Manhattan Beach Hill Section offers a good choice for buyers who are deciding to follow a more conservative path. This lovely home has over 1900 sq ft, 3 bedrooms, 2 baths, large dining area, delightful family area and a great entertainment room with space to spare for the big TV and a view that doesn't stop. The serene rear garden and soothing sounds of the waterfall bring a sense of calm after a busy day. A new price makes this home worthy of consideration.... $1,200,000.

No question that the 4th quarter of 2008 has seen values decline across the board in all the Beach Cities. This month also saw a drop in inventory levels. Some of the drop is seasonal but not all. I think many sellers who could not find a buyer have taken their homes off the market. Some will give up the idea of moving for a few years while others will go the rental route until they perceive a change in the market.

November sales were off in Manhattan, Hermosa, Redondo and El Segundo. Pending sales are also down which means that low sale volume will continue into January of 2009. More stringent rules to obtain loans along with extremely high rates for Jumbo loans seem to be the main culprits. While prices have declined in our area they are still very high compared to other parts of Southern California.

If you are looking for a jumbo loan then bigger seems to be better as Wells Fargo and Bank of America have money for those loans. If you open an account with Wells you can get a very good deal on a loan. According to Craig Filson of Wells Fargo, if you have a FICO over 720 you can get a 30 year fixed rate jumbo from 6.75%-6.85% with an LTV of 70%-75% depending on how large an account you open with them. You might also consider contacting some of the local banks in the Beach Cities as amny of them did not get caucht up in the recent loan debacle and are in great shape with money to lend. Again most of them may require you to have a banking relationship with them.

South Bay-Beach Cities: Sold October 2008

South Bay-Beach Cities: Sold September 2008

South Bay-Beach Cities: Sold August 2008

South Bay-Beach Cities: Sold July 2008

South Bay-Beach Cities: Sold June 2008

South Bay-Beach Cities: Sold May 2008

South Bay-Beach Cities: Sold April 2008

South Bay-Beach Cities: SOLD March 2008

South Bay-Beach Cities: Sold February 2008

South Bay-Beach Cities: Sold January 2008

South Bay-Beach Cities: Sold November 2007

South Bay-Beach Cities: October SOLD 2007

South Bay-Beach Cities: September SOLD 2007

South Bay-Beach Cities: August SOLD 2007

South Bay- Beach Cities: July Sold 2007

South Bay-Beach Cities: Sold June 2007

South Bay-Beach Cities: Sold May 2007

South Bay-Beach Cities: Sold April 2007

South Bay-Beach Cities: Sold March 2007

South Bay-Beach Cities: Sold February 2007

South Bay-Beach Cities: Sold January 2007

Open Saturday December 27 and Sunday December 28, 2008 1-4 pm

This is a great opportunity for buyers who want to move to the Hill section of Manhattan Beach. The price has been reduced to $1,200,000 making it one of the best priced homes in the Manhattan Beach Hill Section. In addition to a lower price, the owner will consider holding a second trust deed for a qualified buyer. This will allow a buyer to purchase with confidence in today's often confusing financial market. Many lenders will not lend as much as they would a few years ago even to well qualified buyers. If you have been considering purchasing a home in Manhattan Beach but have been a bit unsure about financing alternatives this might be a home to consider.

511 Dianthus in the Manhattan Beach Hill Section offers a good choice for buyers who are deciding to follow a more conservative path. This lovely home has over 1900 sq ft, 3 bedrooms, 2 baths, large dining area, delightful family area and a great entertainment room with space to spare for the big TV and a view that doesn't stop. The serene rear garden and soothing sounds of the waterfall bring a sense of calm after a busy day. A new price makes this home worthy of consideration.... $1,200,000.

Open House Sunday December 7, 2008 1-4 p.m.

This will be the last open house until after Christmas.... so if you would like to take a look at this property with the new price of $1, 200,000 then Sunday is the day.. .

511 Dianthus in the Manhattan Beach Hill Section offers a good choice for buyers who are deciding to follow a more conservative path. This lovely home has over 1900 sq ft, 3 bedrooms, 2 baths, large dining area, delightful family area and a great entertainment room with space to spare for the big TV and a view that doesn't stop. The serene rear garden and soothing sounds of the waterfall bring a sense of calm after a busy day. A new price makes this home worthy of consideration.... $1,200,000.

If you are not quite ready to make a formal appointment but would like to see this house why not visit me Sunday 1-4 p.m. to view this Manhattan Beach Hill section home.

Remember....Great views....nice home... good price! See you Sunday!

Manhattan Beach... storm clouds