March 2017

Beach Cities of the South Bay of Los Angeles Update

By | March 6th, 2017|Beach Cities, Beach Cities Luxury, Hermosa Beach, Manhattan Beach, Redondo Beach|

I was browsing about on Zillow for a luxury home in Manhattan Beach for one of my clients. I was surprised to see Zillow is predicting a small increase in value for the area in 2017.  On the other hand, property in the Beach Cities of the South Bay of Los Angeles has enjoyed a phenomenal surge in value since the housing market recovered from the recession years of 2008-2010. I'm happy to see the market taking a breather and not advancing toward a bubble; bubbles burst. 86 Manhattan Beach luxury homes priced at or above $3,000,000 sold during 2016. [...]

November 2016

Beach Cities Residential Income Property Report–November 2016

By | November 17th, 2016|Beach Cities, Front Page, Hermosa Beach, Income Property, Manhattan Beach, Redondo Beach|

The South Bay of Los Angeles is popular with landlords for a variety of reasons; perhaps the top one being real estate prices are high, and that supports an ever-growing pool of renters.  The Beach Cities of Redondo, Hermosa and Manhattan are prime coastal locations for residential income properties. It's a lifestyle many aspire to and although the purchase prices are high there are a surprising number of rentals available near the beach.     Let's begin with a market update for Redondo Beach's residential income properties: 8 Residential income properties are currently for sale in Redondo Beach. 6 Redondo [...]

June 2016

Beach Cities Luxury Homes – June 2016

By | June 2nd, 2016|Beach Cities, Beach Cities Luxury, Hermosa Beach, Manhattan Beach, Redondo Beach|

Here is the Charlemagne Intl Properties update on the luxury home market in the Beach Cities of Los Angeles. Manhattan Beach: There are 50 homes for sale listed over $3,000,000 in Manhattan Beach There are 9 homes in escrow over $3M 14 Homes sold over $3M in May 2016. The highest priced sale was $9.2M for a newer home on 2nd Street. Hermosa Beach: There are 12 homes for sale listed over $3,000,000 in Hermosa Beach There are 4 homes in escrow over $3M 2 Homes sold over $3M in May 2016. The highest priced sale was $3.7M for a [...]

April 2016

Beach Cities Luxury Real Estate Report–Manhattan Beach April 2016

By | April 19th, 2016|Beach Cities, Beach Cities Luxury, Manhattan Beach, Manhattan Beach Luxury Homes|

There's no doubt about it, Manhattan Beach has an abundant supply of luxury homes for sale priced at or above $3,000,000. Today's Multiple Listing Service reports there are 44 residences for sale in Manhattan Beach in the luxury price range. The highest priced single family home currently for sale in Manhattan Beach is listed at $26,500,000 and is located on The Strand. Inventory in the luxury category is on the increase in Manhattan Beach as well as the prices of homes in this coveted beach locale. There are currently 15 Manhattan Beach luxury homes in escrow with accepted offers. The [...]

November 2015

Manhattan Beach CA Luxury Listings and Sales–November 2015

By | November 13th, 2015|Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Manhattan Beach, Manhattan Beach Luxury Homes|

Nine luxury homes priced at or above $3,000,000 sold during the month of October 2015 in Manhattan Beach.  Seven of those properties were located in the Sand Section. Nine Manhattan Beach luxury homes in the three million dollar and up price range are in escrow with accepted offers. 37 Manhattan Beach luxury residences are currently for sale in the $3,000,000+ price range. The Manhattan Beach luxury home market is moving toward a more neutral zone favoring neither sellers nor buyers--a neutral market is a stable market and that's good for sellers as well as buyers. For more information on the [...]

October 2015

Manhattan Beach Luxury Listings and Sales–October 2015

By | October 15th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Los Angeles, Manhattan Beach, Manhattan Beach Luxury Homes|

Here's an update on luxury homes priced at or above $3,000,000 in Manhattan Beach, CA.   3 Manhattan Beach luxury homes sold during September 2015.  All three were single family detached homes. 8 Manhattan Beach luxury homes are in escrow with accepted offers. 43 Manhattan Beach luxury homes are currently for sale. The luxury market in Manhattan Beach has cooled in recent months.  A quick glance at the available inventory and absorption rate reveal a five month supply of homes.  This moves the luxury home market in Manhattan Beach into neutral territory after several years of being firmly entrenched in [...]

Manhattan Beach Luxury Listings and Sales–September 2015

By | October 2nd, 2015|Beach Cities, Manhattan Beach|

The California Association of Realtors reported home sales declined during August 2015. Let's see if those statistics hold true for the luxury home market (homes priced $3,000,000+) in Manhattan Beach, CA. If you're considering selling your Manhattan Beach luxury home this information will be of value. On the other hand, if you're contemplating purchasing a luxury residence in Manhattan Beach the information will strengthen your negotiating position. This is information is a must have for every savvy seller and buyer. Manhattan Beach luxury residences sold during August 2015: 9 Manhattan Beach luxury residences sold last month. Eight of the homes [...]

June 2015

Redefining Palos Verdes and Beach Cities Luxury Home Prices

By | June 22nd, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Manhattan Beach Luxury Homes, Palos Verdes Luxury Homes, Palos Verdes View Homes, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates|

For the past eight years I've defined luxury homes in the local real estate market by one primary criteria--price.  When I began my local real estate blog, Palos Verdes Lifestyle, in 2007 the dividing line was rather arbitrarily drawn at $2,000,000 as the defining value marker.   The definition of luxury homes in the local real estate market remained stable during the real estate recession years and throughout the equity gain-back years.  The price criteria of luxury homes often falls into sub-categories that included coastal location with view, larger than average sq. ft. and superior condition. The rise in real [...]

Manhattan Beach Luxury Home Market Update–June 2015

By | June 8th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Lifestyle in the Beach Cities, Manhattan Beach, Manhattan Beach Luxury Homes, Sand Section, Tree Section|

I'm a bit late in getting this market report out, but last week was graduation week and there were several ceremonies to attend along with celebratory dinners to recognize several new graduates in the family.  We added a political science major, a registered nurse, a Princeton bound high school grad and an 8th grade grad who was recognized for both his academic and athletic prowess.  It was a wonderful week on the family scene, but let's move on to real estate. Here's your June update for the Manhattan Beach luxury home market: 22 Manhattan Beach luxury homes priced over $2,000,000 [...]

April 2015

Beach Cities Luxury Home Report–1st Quarter 2015

By | April 29th, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Hermosa Beach, Los Angeles Luxury Homes, Manhattan Beach, Manhattan Beach Luxury Homes, Redondo Beach, Seller Tip|

The South Bay of Los Angeles is home to Manhattan Beach, Hermosa Beach and Redondo Beach, collectively known as the Beach Cities.  If you're following Pacific Coast Highway down the California coast Manhattan Beach is the first city of the trio of South Bay beach towns you will encounter.  Due to its close proximity to LAX  and other urban amenities of Los Angeles, its location demands a hefty price since Manhattan Beach enjoys all the benefits of living in a beach town as well as the convenience of being close to airports, cultural events, world class shopping and dining. The luxury [...]