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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
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| 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 is | Increasing |
| 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 Comments | Since 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 Area | Los Angeles |
| Housing Hot Spots | Most cities in the South Bay are considered ’Housing Hotspots’ |
| Average Sold Price | $1,500,000 - View Graph Trend |
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Todd Frelinger
The Real Estate Consultants
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