Manhattan Beach CA: Market Snapshot May 6, 2007
By Kaye Thomas, e-PRO, Manhattan Beach CA
(Real Estate West)
Contrary to all the predictions Manhattan Beach,CA real estate continues to move at an even pace. A few days ago a gentleman questioned why I thought the market in Manhattan Beach appeared to be returning to a normal market. I told him that it was because the local market seemed to be acting in a rational manner.. that is home prices were going up a little in some areas, down a bit in others while showing little movement in still other sectors. Most Buyers and Sellers have realized that prices aren't going to see huge increases or decreases but rather will continue to stay at a level pace. There are currently 84 single Family Homes and 28 Townhomes/condos for sale. There are 48 single family homes and 19 townhomes/condos that are under contract (pending sale). Since April 1, 20...
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