Over the years I have kept a running tally of the number of single family homes that close escrow each month.  I haven't included townhomes or condo sales as they are a small part of the Manhattan Beach home sales and they tend to fluctuate more than single family homes.  In Redondo Beach it would be the exact opposite as townhomes and condos make up the major share of that market.

The difference in the volume of home sales as well as the prices over the last 11 years makes for some interesting comparisons.  It is easy to see that while prices started their upswing in 2003; 2005 was the year prices took a major leap and 2007 was the year volume took a hit.   Prices began their dive in 2008 with 2009 being the toughest year for Manhattan Beach home sales.

Both prices and the number of sales bounced up and down in  2010 and 2011 as the market looked for stability.  The big question for buyers and sellers is whether this will be the year the market finally finds stability and begins to trend up instead of down. 


Manhattan Beach Home Sales: January-June 2000-2011







Manhattan Beach Home Sales: July-December 2000-2011

December home sales were definitely nothing to brag about but compared to  closed sales from other months in 2011 it could have been worse.   2011 was not a stellar year for Manhattan Beach Real Estate by any measure but then  it wasn't a total flop either.  320 homes and 75 townhomes sold last year  in Manhattan Beach at a time when much of the country and some neighboring communities remain sunk in the doldrums of a housing market that just can't seem to find any traction.

Inventory remains low but if the number of new listings on the Broker Open tour for Manhattan and Hermosa Beach is any indication we may be seeing a lot more homes hit the market soon.  Typically we don't see a lot of new inventory until after Super Bowl Sunday but this year might be an exception. 

Along with  some sharp new listings there were a number of homes that have returned to the market after taking a hiatus  last year.   While there were a few homes that made you wonder about the price was picked  most of the new entries seemed to priced near  market.  This bodes well for the coming year as more sellers seem to be accepting the realities of the market. 


Manhattan Beach: Sold December 2011

 

 Open House Saturday January 21, 2012 1-4 pm
3011 Johnston Ave Redondo Beach

New Price... now $799,000

Hard to find... Home plus legal Guest house on a large lot

Don't miss this rare opportunity to own a single family home and a permitted guest house on an oversize lot in the TRW tract of North Redondo. ... The main house is an 1860 sq ft 2 bedroom 1.5 baths with large family room, huge dining room and remodeled kitchen and baths.. The guest house is a charming  300 sq + studio with remodeled bath.

This home is the ideal solution if you are looking for a place for parents, grown children or a separate office area. The terrific home is on an 8300+ sq ft lot that has alley access... The possibilities are endless....

This is a wonderful mid-Century home with a definite Palm Springs resort feel..

Manhattan Beach Home and Townhome Closed Sales November 2007-2011




Manhattan Beach Home/Townhome prices November 2007-2011


What a year for Manhattan Beach Real Estate with enough ups and downs to keep us on our toes.  Next week the final closed sales for December will be posted but so far the numbers are similar to those for 2010.  

Single family Home prices in Manhattan Beach  managed to creep up a bit in November compared to the median price last November. Townhome and condos sales didn't fare as well.   The trend continues with  sale numbers moving up while prices stay flat or slightly down from previous years. 

Inventory is at the lowest level in along time with 61 single family homes and  27 townhomes/condos on the market.    New construction is minimal with just a few builders taking the plunge while the majority are still waiting to see what the new year will bring.

Manhattan Beach: Sold November 2011

 

Open House 3011 Johnston Ave Redondo Beach

Saturday December 10, 2011...1-4 pm

New Price... now $809,000

Hard to find... Home plus legal Guest house on a large lot

Don't miss this rare opportunity to own a single family home and a permitted guest house on an oversize lot in the TRW tract of North Redondo. ... The main house is an 1860 sq ft 2 bedroom 1.5 baths with large family room, huge dining room and remodeled kitchen and baths.. The guest house is a charming  300 sq + studio with remodeled bath.

This home is the ideal solution if you are looking for a place for parents, grown children or a separate office area. The terrific home is on an 8300+ sq ft lot that has alley access... The possibilities are endless....

This is a wonderful mid-Century home with a definite Palm Springs resort feel..