Manhattan Beach Real Estate Market Conditions & Reports, Manhattan Beach Market Trends, California

Market Commentary Provided by Kelly Gibson

Report Date

Winter 2010

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Kelly Gibson
Northwest Realty
Redondo Beach, California
310-259-9163
Kelly@BeautifulSouthBayHomes.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$1,700,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Manhattan Beach is

Seller Activity for the past 90 days in Manhattan Beach is

Is Financing Available For Qualified Buyers in Manhattan Beach?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Manhattan Beach - The Strand, Hill Section, Tree Section, Sand Section

Reason to Buy/Sell

Other

Average Sold Price

$1,700,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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