Showing posts with label Manhattan Beach. Show all posts
Showing posts with label Manhattan Beach. Show all posts

Friday, March 4, 2011

Beach Cities Luxury Home Sales - Feb 2011

BBeach Cities in Los Angeleseach Cities luxury home sales report for Manhattan Beach, Redondo Beach and Hermosa Beach. Single family home activity for the month of February 2011 in the $2M and up price range.

Homes for sale: 6 Homes are listed for sale over $2M in the beach cities. They range in price from $2,199,000 to $18,899,000.

Pending sales: 8 Houses are in escrow over $2M. They range in asking price from $2,099,000 to $4,099,000.

February sales: 3 Homes sold in February 2011 in the beach cities over $2M:

Address

Sale Price

Bed/Bath

Sq. Feet.

Lot

Year Built

473 31st, MBch

$2,450,000

4/5

4008

2700

2007

742 33rd, MBch

$2,275,000

5/6

3973

5040

2007

2726 El Oeste, HBch

$2,658,500

5/5

5026

7040

1952

Norma Toering - REMAX Palos VerdesNorma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.


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Address

Sale Price

Bed/Bath

Sq. Feet.

Lot

Year Built

473 31st, MBch

$2,450,000

4/5

4008

2700

2007

742 33rd, MBch

$2,275,000

5/6

3973

5040

2007

2726 El Oeste, HBch

$2,658,500

5/5

5026

7040

1952

Address

Sale Price

Bed/Bath

Sq. Feet.

Lot

Year Built

473 31st, MBch

$2,450,000

4/5

4008

2700

2007

742 33rd, MBch

$2,275,000

5/6

3973

5040

2007

2726 El Oeste, HBch

$2,658,500

5/5

5026

7040

1952

Thursday, December 9, 2010

Manhattan Beach Ranked as Most Stable Housing Market in LA Metro - Forbes


Using Zillow's nationwide US metropolitan housing numbers, a new Forbes article listed Manhattan Beach as the most stable real estate market in the Los Angeles area.

The article also mentioned the limited effect the expiration of the $8K federal tax credit has had on the higher price point neighborhoods in the U.S., such as the beach cities. In our office we saw it did impact the sale of some "move-up" buyers properties, though there was minimal impact on the sale of properties over $500K as the credit becomes less of a percentage incentive in the purchase. When you reach the million dollar and up range of homes the federal credit and related California $10K credit were not "decision makers" for our buyers.

From the article in relation to California's overall tough recovery from the subprime lending price crash: "There are exceptions in the Golden State. Manhattan Beach, Calif., ranks as the most stable housing market in the Los Angeles metro area. It is the priciest city to make our list: The median home is worth $1.2 million, almost three times the typical home in the Los Angeles metro area. The foreclosure rate in Manhattan Beach is almost non-existent, with only one in 5,376 homes facing foreclosure."

Full article by Kate Badenhausen on Forbes.com




Josh Toering
Norma Toering & Team
RE/MAX Palos Verdes Realty
310-831-0800
CA Realtor #01296388

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