Manhattan Beach CA Home Sales: Sold January-December 2000-2011

Over the years I have kept a running tally of the number of single family homes that close escrow each month.  I haven't included townhomes or condo sales as they are a small part of the Manhattan Beach home sales and they tend to fluctuate more than single family homes.  In Redondo Beach it would be the exact opposite as townhomes and condos make up the major share of that market.

The difference in the volume of home sales as well as the prices over the last 11 years makes for some interesting comparisons.  It is easy to see that while prices started their upswing in 2003; 2005 was the year prices took a major leap and 2007 was the year volume took a hit.   Prices began their dive in 2008 with 2009 being the toughest year for Manhattan Beach home sales.

Both prices and the number of sales bounced up and down in  2010 and 2011 as the market looked for stability.  The big question for buyers and sellers is whether this will be the year the market finally finds stability and begins to trend up instead of down. 


Manhattan Beach Home Sales: January-June 2000-2011

Manhattan Beach Home Sales: July-December 2000-2011

Manhattan Beach: Market Snapshot December 2011

December home sales were definitely nothing to brag about but compared to  closed sales from other months in 2011 it could have been worse.   2011 was not a stellar year for Manhattan Beach Real Estate by any measure but then  it wasn't a total flop either.  320 homes and 75 townhomes sold last year  in Manhattan Beach at a time when much of the country and some neighboring communities remain sunk in the doldrums of a housing market that just can't seem to find any traction.

Inventory remains low but if the number of new listings on the Broker Open tour for Manhattan and Hermosa Beach is any indication we may be seeing a lot more homes hit the market soon.  Typically we don't see a lot of new inventory until after Super Bowl Sunday but this year might be an exception. 

Along with  some sharp new listings there were a number of homes that have returned to the market after taking a hiatus  last year.   While there were a few homes that made you wonder about the price was picked  most of the new entries seemed to priced near  market.  This bodes well for the coming year as more sellers seem to be accepting the realities of the market. 


Manhattan Beach: Sold December 2011

Redondo Beach Open House: 3011 Johnston Ave... Open Sunday January 15, 1-4 pm

 Open House Saturday January 21, 2012 1-4 pm

3011 Johnston Ave Redondo Beach

New Price... now $799,000

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