March 2017

Beach Cities of the South Bay of Los Angeles Update for 2017

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 [...]

August 2015

Manhattan Beach Luxury Home Listings and Sales Report–August 2015

By | August 23rd, 2015|Beach Cities, Beach Cities Luxury, Buyer Tip, Manhattan Beach, Manhattan Beach Luxury Homes, Sand Section, Seller Tip|

The Manhattan Beach luxury home inventory increased slightly in the $3,000,000 and up price range.  To review last month's Manhattan Beach real estate statistics go here. There were six sales at or over $3,000,000 during July 2015. 11 Manhattan Beach luxury residences in the price range are in escrow with accepted offers. 30 Manhattan Beach luxury properties are for sale. Need to know the value of your property? Contact Norma Toering and Josh Toering at ToeringandTeam@gmail.com.     For more information on the Manhattan Beach luxury market contact Charlemagne Int'l Properties at Norma@CharlemangeProperties or 310.493.8333.

July 2015

Manhattan Beach Luxury Home Market Update–July 2015

By | July 12th, 2015|Beach Cities, Beach Cities Luxury, Lifestyle in the Beach Cities, Los Angeles Luxury Homes, Manhattan Beach, Manhattan Beach Luxury Homes, Sand Section, Tree Section|

Our market indicators point to a minute cooling off of luxury home sales in Manhattan Beach as we reach the halfway point of 2015.  There's a slight increase in inventory and a dip in number of sales recorded on the local MLS.  Although the market is still firmly planted in seller territory when it comes to who the market favors, there are still several positive indicators for buyers especially if they are obtaining financing for their luxury home purchase.  Interest rates are still very good and as homes accumulate a growing number of days on market the playing field shared [...]

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 [...]