South Bay Home Markets – Who’s Hot and Who’s Not
Who's HOT
Manhattan Beach New Construction
This is no secret but Manhattan Beach has been on a new construction kick. Buyers in this city tend to be high-income earners and want to foc...
Sand Section
South Bay Real Estate Spring Home Deals Under $1 Million
Now
that spring is officially upon us, the South Bay real estate market will begin
to heat up over the next few months. So before the official rush of spring
selling season begins, I thought I would touch on some intriguing South Bay
list...
High Activity in the South Bay Luxury Home Market
As the South Bay home market begins to wake from its holiday slumber, I went back to study this normally slow season. From my research, I found an unusually high amount of sales in the luxury home market. In only 42 days, from December 1st to...
South Bay Real Estate – Third Quarter Market Recap
Each quarter I mail out a newsletter to my clients with a recap of the South Bay real estate market. Now that the third quarter of 2018 has come to an end, I thought I would give all my readers a sneak peek and show some interesting data points...
Manhattan Beach Strand Home Values Set to Decline
Just two weeks ago, one of the most stunning homes on the Manhattan Beach Strand closed escrow. In only nine days, the gorgeous 1204 The Strand found a buyer, which closed 30 days later in an all-cash transaction.
You do not see Strand listi...
Manhattan Beach Sand Section Micro-Market Home Values
The Sand Section in North Manhattan Beach can be quite a confusing market for someone not intimately familiar with how the area is valued. There is a hodgepodge of factors to analyze in this ever-changing market: walkstreets versus alleyways, s...
Manhattan Beach Real Estate Sub-Market in Minor Correction
Manhattan Beach Walk Streets
After years of price appreciation, some of the most highly coveted real estate in the Manhattan Beach Sand Section is in correction territory.
By no means is this meant to cause panic or scare anyone into sell...
South Bay Strand Homes: Healthy Competition, Little Activity
The Strand Market
In 2017, there were 17 home sales on The Strand in Manhattan and Hermosa Beach. Now, five months into 2018, Strand sales are a grand total of ZERO.
What’s interesting about the 2017 Strand market is that of those 17 sa...
Manhattan Beach Land Value and New Construction
Per reader request, today’s blog will give a breakdown of lot deals versus new construction in Manhattan Beach (basically, what does a developer do). There is a ton of new construction going on in this area and purchasing a “land value” d...
Is New York a Leading Indicator for South Bay Real Estate?
Short answer: I am not sure.
New York
A recent report authored by appraiser Miller Samuel Inc. found that Manhattan (NYC) condo and co-op sales declined by 25% from last year’s first quarter. It was the largest drop since the 2009 finan...
South Bay Record Breaking Home Sale…Not Where You Think!
If you read the title and thought, “Well, if the sale was not in Manhattan Beach then it must be the $40,000,000 home on Buggy Whip Drive in Rolling Hills." That is a good guess but nope, not even close! Hermosa Beach? Nope. Redondo Beach? ...