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Beach Cities of the South Bay of L.A. Real Estate Update 2017

By Norma Toering| 2017-03-12T08:02:52-07:00 March 6th, 2017|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent|

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 smaller than usual 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. Year-to-date in 2017 as of March 6, eleven MB luxury properties have closed escrow. The year-over-year comparison shows only a slight reduction in 2017 sales. Hermosa Beach's smaller number of sales can be attributed to its smaller size both in land space and residents. However, Hermosa still posted [...]

Beach Cities Luxury Real Estate Report–Manhattan Beach April 2016

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 first quarter of 2016 yielded 19 sales in Manhattan Beach's luxury home market. The majority of those sales were in the $3,000,000 to $6,000,000 price range. Luxury Manhattan Beach homes for sale For more information on selling or buying a Manhattan Beach luxury home contact Charlemagne Int'l Properties at 310.493.8333 [...]