Friday, January 10, 2014

Beach Cities Luxury Home Market Report--January 2014

Perhaps prospective luxury home buyers interested in the beach cities were making holiday and new year plans rather than purchasing homes as 2013 vanished from our calendars. Whatever the reason, luxury home sales priced over $2,000,000 dipped ever so slightly in December. 
December updates by city: 
  •   Manhattan Beach: 8 Manhattan Beach homes priced over $2,000,000 sold in December. The most expensive sale was a walk street home on 19th Street with 4 bedrooms and 4.5 baths. The property was on the market 198 days and sale price was $4,700,000. There are currently 7 Manhattan Beach homes in escrow with accepted offers and 12 luxury homes for sale. 
  • Hermosa Beach: There are currently 6 Hermosa Beach luxury homes priced over $2,000,000 for sale. MLS records show no sales or pending sales for the month of December. 
  • Redondo Beach: Redondo Beach recorded one sale over $2,000,000 during December. The $2.9M property located in the Hollywood Riviera overlooked the Pacific Ocean from one of Hollywood Riviera's most prestigious streets. 
 - Norma (310) 493-8333

Luxury Homes in the Beach Cities: