Manhattan Beach Luxury Listings and Sales Update–January 2016

By | January 11th, 2016|Beach City Luxury Homes, Charlemagne Int'l Properties|

Happy New Year!  Whether you're planning to sell or buy a Manhattan Beach luxury home in 2016, or planning to stay right where you are, this snapshot of the local real estate market will let you see what is happing in the luxury market with one quick glance.   The Manhattan Beach luxury blog post updates will move to a quarterly report, but keep in mind our maps are "live" and by revisiting this informative post you can review the latest sales and newest listings in your neighborhood.  It's a feature we purchase for our clients and readers to give them instant access to real estate happenings in their community. 4th Quarter 2015 Luxury Listings and Sales priced over $3,000,000 in Manhattan Beach: 21 Manhattan Beach luxury homes priced over $3,000,000 sold during the fourth quarter of 2015.  Three of the sales were townhouses, the rest were single family homes. [...]

Selling Your Redondo Beach Luxury Home?

By | November 11th, 2015|Beach City Luxury Homes, Charlemagne Int'l Properties, Selling your beach cities home, Seniors Selling Primary Residence|

Redondo Beach, California is one of the three beach towns in the South Bay of Los Angeles commonly referred to as "The Beach Cities."  The coastal location offers many residences with stunning ocean views.  The ability to walk out your door and feel the sand beneath your toes is a reality for many Redondo Beach residents.  The pull of living the coastal lifestyle attracts many buyers to the area. When it comes to luxury homes in Redondo Beach most are located in the coastal zone close to the water.  There are currently seven Redondo Beach luxury homes priced at or above $3,000,000 for sale.  There are currently no Redondo Beach luxury properties in escrow, nor were any sales recorded in the price range.  However, four homes priced at or above $2,000,000 sold in Redondo Beach during the month of October 2015. For help with preparing your Redondo Beach high-end residence [...]

Selling Your Manhattan Beach Luxury Home?

By | November 9th, 2015|Beach City Luxury Homes, Charlemagne Int'l Properties, Selling your beach cities home, Seniors Selling Primary Residence|

If you're contemplating selling a Manhattan Beach luxury home in the upcoming months, here is some valuable information about recent real estate activity in the luxury home market in Manhattan Beach. 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 luxury 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 Manhattan Beach luxury home market contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com

Is Now a Good Time to Sell My Hermosa Beach Luxury Home?

By | November 8th, 2015|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes|

I'm not a big proponent of trying to time the real estate market when it comes to buying low and selling high when it comes to luxury residences.  It's my belief the seller's individual timing is far more important in determining the most advantageous time to sell.  That said, I do advise those who are in the market to sell a luxury property to follow their local neighborhood sales and listings in order to be aware of real estate conditions that may affect the value of their property. Most luxury markets are fully recovered from the real estate crash of 2008.  Many neighborhood are selling far above 2007's peak prices.  A few markets are still in recovery mode.  Hermosa Beach, as most of the South Bay, remains in a long-running sellers' market.  With interest rates promised to rise in the coming months, now is an excellent time for sellers to [...]

Redondo Beach Luxury Listings and Sales–October 2015

By | November 1st, 2015|Beach City Luxury Homes|

The "feel" on the street by those of us working in the real estate field on a daily basis is the market is slowing down and losing a bit of steam after three strong comeback years. The results of my research on recent activity in the Redondo Beach, CA luxury home market supports and converts the feeling into fact. There are currently three Redondo Beach luxury homes priced at or over $3,000,000 for sale. There are no Redondo Beach high-end luxury homes currently in escrow and no closed sales in the over $3M price range for the month of September. After three plus years of a strong sellers' market the scale is making a slow move toward neutral territory. It's still not a buyers' market, but with more homes to choose from and a slowing of price increases, buyers may find the opportunity to purchase a luxury home in the [...]

Hermosa Beach Luxury Listings and Sales–October 2015

By | November 1st, 2015|Beach City Luxury Homes|

Three Hermosa Beach luxury properties priced at or above $3,000,000 sold during September 2015. The most expensive sale for the month was a Strand property sold for "lot value" at $8,100,000. Yes, a spot on the sand along The Strand is costly. There are currently four Hermosa Beach luxury residences in escrow with accepted offers. Three of the properties are single family homes, one is a townhouse. There are 13 luxury homes for sale in Hermosa Beach as of Oct. 17, 2015. One of the properties for sale is a townhouse, one is a condo, the rest are single family homes. Sales in the Beach Cities luxury home market appear to have slowed in recent months. At the current rate of absorption there is over a three month supply of luxury inventory in Hermosa Beach. These numbers still favor sellers, but there are more choices available to buyers, and more [...]

Manhattan Beach Luxury Listings and Sales–October 2015

By | November 1st, 2015|Beach City 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 a sellers' market. The could be the buying signal prospective buyers want. The Yellow Dot Market Snapshot is for all price ranges in each area. There are markets within markets, and when we breakout the luxury market in Manhattan Beach the numbers fall in the neutral zone. For help in [...]

Redondo Beach Luxury Listings and Sales–September 2015

By | September 18th, 2015|Beach City Luxury Homes, Charlemagne Int'l Properties|

I recently read the California housing market slowed during the month of August 2015.  The reason was attributed to the volatility of the stock market and other global happenings.  On a more local level I've always attributed the "August decline" to vacations, back-to-school preparations and the last few weeks of the lazy days of summer.  Who really wants to traipse through houses during the hottest days of the year?  Personal reasons play an important role in when people decide to sell or purchase real estate. Let's check how Redondo Beach luxury residences ($3,000,000+) survived August 2015: 1 Redondo Beach luxury property close escrow during the month of August. 0 Redondo Beach luxury homes are currently in escrow--looks like September will be a slow month for luxury sales in Redondo as well. 3 Redondo Beach luxury home listings are currently for sale. Redondo Beach Luxury Homes for Sale:   For more [...]

Hermosa Beach Luxury Listings and Sales–September 2015

By | September 18th, 2015|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent|

Hermosa Beach is often referred to as the quintessential California beach town.  Located between Redondo Beach and Manhattan Beach, its location and size ensures its coastal flavor will remain small in area, but carry a large beach lifestyle impact. The luxury home market in Hermosa Beach continues to expand.  Little beach shacks may be giving way to more luxurious residences but it's the same beach, the same ocean, the same weather and the easy-going life is good atmosphere that keeps Hermosa Beach near to top of the list for those wanting to experience life at the beach. Hermosa Beach luxury home listings ( $3,000,000+) and sales for August 2015: 4 Hermosa Beach luxury residences sales were recorded per MLS statistics. 6 Hermosa Beach luxury properties are pending sales (in escrow with accepted offers). 10 Luxury listings in Hermosa Beach are currently for sale. Luxury Homes for Sale in Hermosa Beach: [...]

Manhattan Beach Luxury Listings and Sales–September 2015

By | September 17th, 2015|Beach City Luxury Homes|

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 were single family and one was a townhouse. 11 Manhattan Beach luxury properties are currently in escrow with accepted offers. 34 Manhattan Beach luxury homes are currently for sale--32 single family homes and two townhouses. Luxury Manhattan Beach homes for sale: For more information on selling or buying a luxury [...]