Historically low inventory versus higher mortgage rates and home prices that are already at a multi-year high after a strong 2017 - which of these two sets of factors will determine the direction of home prices this year in the South Bay? Here, we offer our two cents worth.
Our $6.5 million sale right before Xmas at 316 27th Street in the Manhattan Beach Sand section was cited as a Hot Property
by the LA Times.
Hermosa Beach experienced a stellar 2017 in terms of home price appreciation. Here are the top three medal winners by sale price.
The past year was a record-breaker for Manhattan Beach where, for the first time, we saw not one but two homes sell for $20 million and up. Here are the top three sales (and a few honorable mentions).
So-called exterior living walls and roofs have appeared in a number of homes here in Manhattan Beach. But a living bathroom wall?
The median sale price and median price per square foot for homes have both risen well over 60% throughout LA County in the past 5 years. See where Manhattan, Hermosa and Redondo Beach rank among LA County communities.
New Case Shiller numbers for nationwide home prices and new median sale price statistics for the beach cities are all pointing in the right direction - up.
Mike and Sachi just closed on their new construction listing at 316 27th Street in the Manhattan Beach Sand section. Sale price was $6.5 million.
A truly breath-taking brand new custom-built coastal contemporary home designed by Jon Starr is now available at a compelling new price. Definitely worth a look.
Check out the latest Case Shiller home sales data and see how it compares to the sales data for the single family and condo/townhome market segments in the various beach cities here in the South Bay.