 |
STAN BOTELLO
Shorewood Realtors
3300 Highland Avenue
Manhattan Beach, CA 90266
310-795-0898
310-546-7561 Ext 463
Stan@SellingBeachProperty.com
Shorewood Realtors
3300 Highland Avenue
Manhattan Beach, CA 90266
310-795-0898
310-546-7561 Ext 463
Stan@SellingBeachProperty.com
What's New
Each of the Beach City's average sales price for residential homes continue to decline for the first 6 months of this year vs. the same period last year. All sections continue to decline as well, except the Sand Section in Manhattan Beach. After a decline of 13% from 2007 to 2008, we have recovered by 8% so far this year. The first signs of market recovering are starting to show…number of sold properties are up in several sections of each city and in Redondo Beach overall. The most important sign of recovering is the number of days on market. East Hermosa has declined by 15 days so far this year. Hopefully this trend will continue and spread to other cities as well. NOW is the time to buy, especially with the historically low interest rates that can be locked-in. When the average number of days on market, start to decline throughout all sections and cities, you’ve missed the bottom of the market!
Information is based on reported data from MRMLS for single family homes, townhomes and condominiums. Information is deemed reliable but not guaranteed.
Beach Cities
Manhattan Beach, Hermosa Beach, Redondo Beach
Manhattan Beach, Hermosa Beach, Redondo Beach
Residential Average Sales Price - Number of Properties Sold - Average Days on Market
January - June 2009 Data
Plus +/- Difference 08' versus 09'
January - June 2009 Data
Plus +/- Difference 08' versus 09'
Each of the Beach City's average sales price for residential homes continue to decline for the first 6 months of this year vs. the same period last year. All sections continue to decline as well, except the Sand Section in Manhattan Beach. After a decline of 13% from 2007 to 2008, we have recovered by 8% so far this year. The first signs of market recovering are starting to show…number of sold properties are up in several sections of each city and in Redondo Beach overall. The most important sign of recovering is the number of days on market. East Hermosa has declined by 15 days so far this year. Hopefully this trend will continue and spread to other cities as well. NOW is the time to buy, especially with the historically low interest rates that can be locked-in. When the average number of days on market, start to decline throughout all sections and cities, you’ve missed the bottom of the market!
| MANHATTAN BEACH | HERMOSA BEACH | REDONDO BEACH | ||||
| Jan-Jun 09' | Diff. 08/09 |
Jan-Jun 09' | Diff. 08/09 |
Jan-Jun 09' | Diff. 08/09 |
|
| Entire City | Entire City | Entire City | ||||
| Avg Sales Price | 1,583,667 | -12% | 1,196,936 | -33% | 708,467 | -11% |
| Number Sales | 144 | -9 | 61 | -10 | 288 | +9 |
| Avg Days on Mkt | 88 | +24 | 81 | +16 | 84 | +16 |
| Sand Section | Sand Section | North Redondo | ||||
| Avg Sales Price | 2,028,613 | +8% | 1,393,933 | -36% | 638,297 | -13% |
| Number Sales | 54 | +14 | 30 | -9 | 133 | +6 |
| Avg Days on Mkt | 70 | +15 | 80 | +19 | 80 | +13 |
| Tree Section | Hermosa Valley | Golden Hills | ||||
| Avg Sales Price | 1,459,961 | -27% | 1,139,208 | -28% | 662,000 | -11% |
| Number Sales | 32 | -20 | 15 | +4 | 29 | -6 |
| Avg Days on Mkt | 93 | +21 | 100 | +44 | 79 | +26 |
| Hill Section | East Hermosa | South-East of PCH | ||||
| Avg Sales Price | 1,684,150 | -34% | 881,687 | -22% | 780,477 | -9% |
| Number Sales | 9 | same | 16 | -5 | 82 | +3 |
| Avg Days on Mkt | 121 | +27 | 63 | -15 | 85 | +12 |
| Village | South-West of PCH | |||||
| Avg Sales Price | 1,110,000 | -17% | 816,993 | -12% | ||
| Number Sales | 4 | -6 | 44 | +6 | ||
| Avg Days on Mkt | 143 | +107 | 97 | +23 | ||
| Heights/Liberty | ||||||
| Avg Sales Price | 864,923 | -24% | ||||
| Number Sales | 13 | +2 | ||||
| Avg Days on Mkt | 93 | +33 | ||||
| Mira Costa | ||||||
| Avg Sales Price | 1,279,463 | -19% | ||||
| Number Sales | 32 | +1 | ||||
| Avg Days on Mkt | 95 | +29 | ||||
Information is based on reported data from MRMLS for single family homes, townhomes and condominiums. Information is deemed reliable but not guaranteed.
