Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Manhattan Beach. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 310-968-5387

Average Home Price $1,500,000 - View Graph Trend
Average Price Compared to Last Year No Change
Average Time on Market 30-60 days
Best Selling Price Range$1,000,000+
Worst Selling Price Range$550,000 - $599,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market Equal buyers and sellers
Buyer Activity for the past 90 days in Manhattan Beach isIncreasing
Seller Activity for the past 90 days in Manhattan Beach is?No Change
Multiple Offers?Yes
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsSince there is no rent control in Manhattan Beach and supply is low, the rental rates have increased substantially over the last few months.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaLos Angeles
Housing Hot SpotsMost cities in the South Bay are considered ’Housing Hotspots’
Average Sold Price $1,500,000 - View Graph Trend

Manhattan Beach Local News


News for Manhattan Beach, CA - November 9th, 2011 3:50pm
Todd Frelinger is getting ready to put on the market a duplex in the sand section of Manhattan Beach. It has not hit the MLS yet, so if you would like to know more about the property please call Todd at (310) 968-5387.
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Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Todd Frelinger
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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