A sudden flurry of very high-end home selling activity in the Manhattan Beach Hill section is virtually unprecedented and signals a strong local real estate market that continues to attract the uber wealthy.
First-time home buyers are rushing to buy homes after a decade on the sidelines. Result could be much higher home prices.
Former LA Kings' ultra-contemporary 4,020 sqft home almost seems out of place in South Redondo. On the market since October, 2015, and having fallen out of escrow three times, it's available for $2,695,000.
A sale price of $6.5 million in the Trees is a high number but not a Tree section record as two homes sold for more last year.
Our latest lot sale is a Manhattan Beach Tree section teardown. We used our commission-free lot sale program, resulting in both a sale price well above list and some very happy sellers.
The sale of our new construction listing at 1400 21st Street in East Manhattan for $3,225,000 was most notable because the purchaser paid for it in bitcoin. This answers the question, "Is bitcoin a thing?" with a resounding "yes."
Mike and Sachi have two upcoming brand new ocean-view beach homes in the South Bay - a Modern Nantucket-style home at 217 28th Street in Hermosa Beach and a Steve Lazar-designed contemporary at 316 27th Street in Manhattan Beach.
The United States offers homeowners a mortgage interest deduction while Canada does not. Yet the percentage of people who own their own home is higher in Canada than the United States. Some thoughts on that.