Monday, July 20, 2015

Hermosa Beach CA Luxury Properties Market Report Update July 2015

Hermosa Pier
 Manhattan, NYC celebrated its noted Mahattanhenge event (those rare summer solstice days when the sun aligns with the east-west street grid) with a huge street party. Catching a glimpse of the setting sun is not easy deep in the heart of Manhattan. Quite the opposite is true in Hermosa Beach, CA. The sunset over the Pacific Ocean is a sight to behold most evenings throughout the year. There's truly something magical about twilight along the California coast. The colors, the light, the salt water smell in the air where sand meets surf are a nightly treat for the senses and soul. Hermosa Sunset
 It's the coastal lifestyle of the Beach Cities of the South Bay of Los Angeles that you're buying into when you purchase a home in Hermosa Beach. Housing options in Hermosa run the gamut from cottage to oceanfront mansions. The location commands some of the highest prices in greater Los Angeles.
  Surf Statue in Hermosa at Sunset

Luxury homes in Hermosa Beach, those properties priced at or above $3,000,000, are most plentiful in the Sand Section of the City, especially the area along The Strand where residences have sand and surf as backyards.
Hermosa Beach luxury properties Market Report for July 2015: 
  •  There are currently 12 luxury residences for sale priced at or above $3,000,000. 
  •  Three luxury homes are in escrow with accepted offers. 
  •  Hermosa Beach recorded one luxury sale during June 2015. The property was located in the Sand Section and sold for $3,400,000.   

  For more information regarding Hermosa Beach, CA luxury residential properties contact Charlemagne Int'l Properties at 210.493.8333 or you may email us at

Wednesday, July 15, 2015

Manhattan Beach Luxury Home Market Update--July 2015

Manhattan Beach Houses near Ocean 
 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 by buyer and sellers becomes more level.

  144 Homes in Manhattan Beach

The tally for June 2015 sales of luxury homes priced over $3,000,000 in Manhattan Beach stands at 10 with 61 days on the market being the average. There are currently 13 luxury homes in escrow with accepted offers, and 28 Manhattan Beach luxury homes are currently for sale.
142 Manhattan Beach Strand Homes 

 For more information about buying or selling a Manhattan Beach luxury property contact Charlemagne Int'l Properties at 310.493.8333 or you may email us at

 - Norma Toering, Broker  

Palos Verdes Housing Market Indicator
Luxury Manhattan Beach homes for sale: