It's been a busy 3 months. Since November inventory in most of the beach cities is down by almost 50%..and property is selling not just going off the market.
Here's what's happening in your town:
Here's what's happening in your town:
El Segundo has actually seen an increase as new construction is coming on the market...
There are 21 Single Family Homes available and 17 Town homes
Manhattan Beach has seen a major decline in inventory since the end of October.There are 100 Single Family Homes available.. at the end of October there were 215..There are only 23 town homes available.. at one point there were that many in Manhattan Village.
There are 21 Single Family Homes available and 17 Town homes
Manhattan Beach has seen a major decline in inventory since the end of October.There are 100 Single Family Homes available.. at the end of October there were 215..There are only 23 town homes available.. at one point there were that many in Manhattan Village.
Hermosa Beach is seeing a reduction but not on the same scale as Manhattan Beach. There are 37 single family homes for sale and 37 townhomes for sale.
North Redondo has really seen a large number of town home sales in the last few months.There are 46 Single Family Homes on the market. There are only 81 town homes available down from a consistent inventory of 125- 135 for most of last year.
South Redondo has also seen a big decline in the town home and condominium market.There are currently 29 Single Family homes for sale and 93 townhome and condo units combined from over 160 a few months ago.
Two things are influencing the market... Prices didn't crash as predicted and interest rates have held steady for the last 5 months. Many buyers who have waited for a year to purchase are tired of waiting and are ready to buy.... BUT.. only if the home is priced right and in good condition.
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