Manhattan Strand Homes Update - 3/2/10
By Tony Cordi
(Tony Cordi, Broker (Beachtime Realty))
Manhattan Strand Homes Update - 3/2/10 Yesterday I wrote about the recent home sales activity on the Hermosa Beach strand. Inventory is strong and with 12 sales over the last couple of years, the market appears to be quite active. Interestingly, there have been fewer homes sold on the Manhattan strand over this same period even though there are 50 or more strand properties in Manhattan Beach over Hermosa Beach. In fact, there have only been five closings here since the beginning of 2008 with an additional couple of homes in escrow as of this writing. The prices of the closed sales ranged from $4,700,000 to $9,000,000. The two homes in escrow have been sold for under $8,000,000. The high-end strand market is clearly showing signs of renewed life.The home pictured above at 1600 The ...