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The Lot Deals
Two new lot deals hit the market this week in the Manhattan Beach Sand Section. An old duplex located at 1613 Highland Avenue sitting on a 1,351 sq. ft. lot asking $1,849,000 and a cr...
Mortgage Rates Will Rise Moderately
One of the biggest questions in residential real estate is whether or not mortgage rates will rise. This coming year, 30-year mortgage rates will rise very moderately from their year-end rate of about 4.00...
About a year ago I introduced the first annual Fearless Predictions for South Bay Real Estate. The inaugural blog was not only fun to write but challenged me to conduct deep research that would hopefully benefit my clients throughout the year. ...
Summer is coming to an end and it is time to see what is going on in Manhattan Beach west of PCH. After the traditionally busy spring season and slow summer months, we can see how the year is shaping up and what can be expected in the coming fa...
The Manhattan Beach Sand Section has been one of the most talked about real estate markets in all of southern California since the financial crisis. The Sand Section came to be known as a hot market around 2012 with major sales activity, low in...
Lot sales in Manhattan Beach are always a favorite research topic of mine. These sales can be an indication of an area's next price driver or sometimes it is just an aggressive homeowner trying to build their dream home. With accelerated Manha...
A bombshell home sale wrapped up escrow last week at 1000 The Strand in Manhattan Beach. The massive south end corner lot officially closed for $21 million becoming the first residential sale over $20 million in Manhattan Beach. In fact, accord...
A new record apartment sale was made (again!) here in the South Bay. If you followed my blog back in September 2016 then you read about the record breaking Sand Section sale in Hermosa Beach (New Era for Hermosa Apartments after Record Sale). T...
This week a new construction townhome on 815 Crest Drive closed at $3,425,000. If you recall our October blog post (A Manhattan Beach Deal or Rip-Off), I compared this townhome to its attached counterpart on 814 Highland Avenue that sold for $...
The South Bay has become a mixed bag of micro-markets. A few years ago, everything was going up but now each micro-market has its own story. Some areas are still on fire while others are cooling off!
Who’s Hot
Hermosa Beach
Serious...
This week I wanted to touch on some great recent property offerings in the South Bay. These beach city properties offer great value today relative to the market and have very strong prospects for the future.
421 Via La Soledad in Redondo Bea...