Manhattan Beach has the hottest luxury beachfront real estate in Los Angeles

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Manhattan Beach Real Estate would like to share the latest video interview about Manhattan Beach being Los Angeles' hottest beachfront real estate market. Manhattan Beach Real Estate agrees that Manhattan Beach may very well be California’s Most Popular Town for Luxury Homes.

Click HERE to watch the video. posted: August 4, 2014
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2012 Vs. 2013: Luxury Manhattan Beach Homes Sold Over $3,000,000

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Manhattan Beach Luxury Real Estate

2012 Vs. 2013: Luxury Manhattan Beach Homes Sold Over $3,000,000 



Manhattan Beach Real Estate reports on the key market data indicators for luxury Manhattan homes for sale closed in the year of 2012 versus luxury Manhattan homes sold in the year of 2013.


Manhattan Beach Real Estate pulled all data regarding the number of closed luxury Manhattan Beach houses for sale, average days on the market (DOM) and the median price achieved for the luxury Manhattan Beach homes for sale in the two different time periods with data pulled from the Multiple Listing Service (MLS).


Number of luxury Manhattan Beach homes for sale closed over $3,000,000 in 2012: 36

Number of luxury Manhattan Beach homes for sale closed over $3,000,000 in 2013: 34


These statistics represent a decrease of 6% in the number of luxury Manhattan Beach homes sold over $3,000,000 in 2013 versus the number of luxury Manhattan Beach homes sold over $3,000,000 in 2012. This also represents a decrease in demand of luxury houses in the Manhattan Beach area during 2013, compared to that of 2012. 


Average Days on the Market (DOM) for a luxury Manhattan Beach home sold over $3,000,000 in the year of 2012: 89 Days on the Market.

Average Days on the Market (DOM) for a luxury Manhattan Beach home sold over $3,000,000 in the year of 2013: 107 Days on the Market.


This represents a statistical increase of 20% in the number of days it took for a luxury Manhattan Beach home sale over $3,000,000 to close in the year of 2012, versus those that closed in the year of 2013. These statistics also represent a decrease in demand for a luxury Manhattan Beach home in 2013, as compared to the demand in 2012. 


Median price for a luxury Manhattan home sold over $3,000,000 in the year of 2012: $4,000,000

Median price for a Manhattan home sold over $3,000,000 in the year of 2013: $3,860,000

In comparison to the year of 2012, 2013 had a slightly lower median selling price with a decrease of 3.6% for a luxury Manhattan Beach home sold over $3,000,000. This represents a slight decline in the demand for a more expensive luxury home in Manhattan Beach to be bought, with homes being sold at a little bit less in price in 2013, as compared to 2012. 


Currently, there are 4 luxury homes in Manhattan Beach actively for sale with a listing price over $3,000,000.


All the market data pulled from the MLS researched by Manhattan Beach Real Estate shows a slight decrease in the demand in the luxury Manhattan Beach real estate market, in combination with a limited supply. The luxury Manhattan Beach real estate market took longer to close a home sale in 2013, as compared to 2012, representing slightly less demand for a home over $3,000,000 in Manhattan Beach during the year of 2013. 


For questions about buying or selling a luxury Manhattan Beach home, please contact the broker of Manhattan Beach Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.ManhattanBeachRealEstate.com Manhattan Beach Real Estate reports on the key market data indicators for luxury Manhattan Beach homes for sale closed in the year of 2012 versus luxury Manhattan Beach homes sold in the year of 2013.  


Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348


posted: February 6, 2014
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Manhattan Beach Real Estate: 2013 Performance vs 2012

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Manhattan Beach Real Estate reports on the key market data indicators for Manhattan Beach homes for sale closed in the year of 2012 versus Manhattan Beach homes sold in the year of 2013.

Manhattan Beach Real Estate pulled all data regarding the number of closed Manhattan Beach houses for sale, average days on the market (DOM) and the median price achieved for the Manhattan Beach homes for sale in the two different time periods with data pulled from the Multiple Listing Service (MLS).

Number of Manhattan Beach homes for sale closed in 2012: 355

Number of Manhattan Beach homes for sale closed in 2013: 333

These statistics demonstrate a minor decrease of 6.6% in the total number of Manhattan Beach homes for sale that closed escrow in 2013 over those for sale that closed escrow in 2012. 

Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in 2012: 71 Days on the market. 

Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in 2013: 55 Days on the market.  

This represents a statistically significant 29% decrease in the number of days it took for Manhattan Beach homes for sale to close in the year of 2013 than it took for Manhattan Beach homes for sale to close in the year of 2012.  This is a clear sign to the demand for Manhattan Beach real estate being on the rise in combination with a low inventory of Manhattan Beach homes for sale in the Manhattan Beach real estate market.

The median price point achieved for Manhattan Beach homes closed in the year of 2012:  $1.455 million dollars.

The median price point achieved for Manhattan Beach homes closed in the year of 2013:  $1.725 million dollars.

These statistics represent a drastic increase of 18.5% in the average price point achieved from all Manhattan Beach houses for sale from the year of 2012 versus the year of 2013 for Manhattan Beach houses closed.
The current Manhattan Beach real estate market is starved for inventory of homes with only 24 total single-family Manhattan Beach houses for sale at present listed in the MLS.

Manhattan Beach Real Estate pulled all data regarding the number of closed Manhattan Beach houses for sale, average days on the market “DOM” and the median price achieved for the Manhattan Beach homes for sale in the two different time periods from the MLS.

All the market data pulled from the MLS researched by Manhattan Beach Real Estate shows a reasonable increase in the demand in the Manhattan Beach real estate market in combination with a limited supply and are good indicators of a stronger market for Manhattan Beach homes for sale. The Manhattan Beach real estate market generally achieved more closed Manhattan Beach homes for sale, with significantly less time required to sell down the already limited Manhattan Beach house inventory.

For questions about buying or selling a Manhattan Beach home, please contact the broker of Manhattan Beach Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.ManhattanBeachRealEstate.com 

Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348
posted: January 28, 2014
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2011 Manhattan Beach Luxury Homes Sold Statistics vs 2012 Manhattan Beach Luxury Homes

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Manhattan Beach Luxury Homes for Sale:

Manhattan Beach Real Estate researched data from the Multiple Listing Service looking at Manhattan Beach luxury homes for sale that sold over $5 million to see how the Manhattan Beach luxury homes market in 2011 compared to the Manhattan Beach luxury homes market in 2012.

2011 Manhattan Beach Luxury Homes Sold:
Number of Manhattan Beach Luxury Homes sold:  12 Manhattan Beach luxury homes
Average Days on the Market:  199 Days for Manhattan Beach luxury homes for sale to close on average
Average Price for Manhattan Beach Luxury Homes Sold:  $5.325m
Average Price per Square Foot of Manhattan Beach luxury homes Sold:  $1234 / SF

2012 Manhattan Beach Luxury Homes Sold:
Number of Manhattan Beach Luxury Homes sold:  11 Manhattan Beach luxury homes
Average Days on the Market:  102 Days for Manhattan Beach luxury Homes for Sale to close on average
Average Price for Manhattan Beach Luxury Homes Sold:  $6.523M
Average Price per Square Foot of Manhattan Beach Luxury Homes Sold:  $1526 / SF

Changes between 2011 and 2012 Manhattan Beach Real Luxury Real Estate Sold:
Number of Manhattan Beach Luxury Homes sold:  Down 8%
Average Days on the Market for Manhattan Beach luxury homes to sell:  Down 49%
Average Price for Manhattan Beach Luxury Homes Sold:  Up 18%
Average Price per Square Foot of Manhattan Beach Luxury Homes Sold:  Up 19%


Manhattan Beach Real Estate believes the above data has a lot to do with the fact that there is limited inventory in today’s tight market.  The lower number of transactions in 2012 has a lot to do simply with less Manhattan Beach luxury homes being available for sale. This is further evidenced by the average days on the market going down and the average price and average price per square foot going up.  The Manhattan Beach Luxury Real Estate market continues to show strength with steady and solid demand. 
 

Please contact Manhattan Beach Real Estate broker, Mitch Hagerman at 310-963-4358 or at Mitch@ManhattanBeachRealEstate.com for any questions about the current Manhattan Beach real estate market and for any assistance in buying or selling Manhattan Beach luxury properties.

Please also search all available Manhattan Beach real estate for sale on our website:  www.ManhattanBeachRealEstate.com.

posted: May 20, 2013
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Top Producer Manhattan Beach Real Estate Agent

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Mitch Hagerman, Manhattan Beach Real Estate Broker affiliated with Coldwell Banker was awarded the top producer real estate agent award for Coldwell Banker of all 1st Year Coldwell Banker agents in his local branch office for 2012.

Whilst Mitch Hagerman has worked actively in real estate development and brokerage since 1998, 2012 was his first year affiliated with Coldwell Banker.  Prior to 2012, Mr. Hagerman was Director of Marketing & Sales for the prestigious Malibu real estate development, Marisol:  www.MarisolMalibu.com
posted: May 15, 2013
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Manhattan Beach Real Estate Renting a Manhattan Beach House Versus Owning a Manhattan Beach House

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posted: May 11, 2013
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Demand for Manhattan Beach Real Estate Increases in 2012 over 2011

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Manhattan Beach Real Estate reports on the key market data indicators for Manhattan Beach homes for sale closed in the first half of 2011 versus Manhattan Beach homes sold in the first half of 2012. Manhattan Beach Real Estate pulled all data regarding the number of closed Manhattan Beach houses for sale, average days on the market (DOM) and the median price achieved for the Manhattan Beach homes for sale in the two different time periods with data pulled from the Multiple Listing Service. The number of Manhattan Beach houses for sale that closed escrow in the first half of 2012 versus the number of Manhattan Beach houses for sale that have closed escrow in the first half of 2012 is a reasonably positive difference. It says a lot for the continuing recovery and continued strengthening of the Manhattan Beach real estate market. Here are the relevant statistics: Number of Manhattan Beach homes for sale closed in the first half of 2011: 169 Manhattan Beach homes sold. Number of Manhattan Beach homes for sale closed in the first half of 2012: 177 Manhattan Beach houses sold. These statistics demonstrate a modest increase of 4.7% in the total number of Manhattan Beach homes for sale that closed escrow in the first half of 2012 over the first half of 2011 which is a modest increase in the number of Manhattan Beach real estate transactions closed. Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in the first half of 2011: 89 Days on the Market Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in the first half of 2012: 75 Days on the market. This represents a statistically significant 15.7% decrease in the number of days it took for Manhattan Beach homes for sale to close in the first half of 2012 than it took for Manhattan Beach homes for sale to close in the first half of 2011. This is a clear sign to the demand for Manhattan Beach real estate being on the rise in combination with a low inventory of Manhattan Beach homes for sale in the Manhattan Beach real estate market. The median price point achieved for Manhattan Beach homes closed in the first half of 2011: $1.550 million dollars. The median price point achieved for Manhattan Beach homes closed in first half of 2012: $1.512 million dollars. These statistics represent a moderate decrease of 2.45% in the average price point achieved from all Manhattan Beach houses for sale from the first half of 2011 versus the first half of 2012 for Manhattan Beach houses closed. Since the lower interest rates prevalent today are fueling demand mostly in the lower end, it is not surprising that the median home prices fell somewhat. All the market data pulled from the MLS researched by Manhattan Beach Real Estate shows a reasonable increase in the demand in the Manhattan Beach real estate market in combination with a limited supply and are good indicators of a stronger market for Manhattan Beach homes for sale. The Manhattan Beach real estate market generally achieved more closed Manhattan Beach homes for sale, with significantly less time required to sell down the already limited Manhattan Beach house inventory. The current Manhattan Beach real estate market is starved for inventory of homes with only 67 total single family Manhattan Beach houses for sale at present listed in the MLS. For questions about buying or selling a Manhattan Beach home, please contact the broker of Manhattan Beach Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.ManhattanBeachRealEstate.com posted: July 17, 2012
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Manhattan Beach Real Estate Home Prices & Sales Increase In March

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Home prices across California have jumped 8.3% in March compared to February and 24.7% compared to a year earlier, according to figures released by the real estate firm, DataQuick on Thursday.

It was estimated that 37,764 homes were sold which was 31.5% more than the previous month.

Very low inventory has led to sharp price increases, as buyers are taking advantage of historically low interest rates. Cash investors are also purchasing properties in high numbers to rent or resell.

Southern California saw significant price gains in the month of March.

Please see the full article posted at LA Times on April 18th here:
 
http://www.latimes.com/business/money/la-fi-mo-california-home-prices-sales-20130418,0,4080452.story

Now is a great time for buyers to begin their search for their new home. It is also a great time for sellers to list their home! If you are looking to sell, buy, or lease your home in Manhattan Beach, please contact Manhattan Beach Real Estate Broker, Mitch Hagerman at (310) 963-4358 and visit our website for Manhattan Beach Real Estate listings.
 

posted: April 23, 2013
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Manhattan Beach Real Estate Home of the Week - 917 27th Street

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This week Manhattan Beach Real Estate visited a beautiful 3 bedroom Manhattan beach house for sale in the Manhattan Beach tree section. This cottage style Manhattan Beach home for sale was completed in 1955 and is located in a very desirable part of Manhattan Beach. This Manhattan Beach property features a lovely living room with a fireplace, a skylighted dining area, cozy kitchen with built-ins, a master bedroom with balcony, and a master bath with soaking tub. The private backyard of this Manhattan Beach home for sale has a flagstone patio with plenty of room for entertaining. What makes this Manhattan Beach Home our Manhattan Beach Real Estate Home of the Week is the potential that this home has. The garage located underneath the living room provides enough space to add an additional room or turn the garage into a two car garage. With such a large backyard there is also an opportunity to landscape or even extend the patio. With so many possibilities and such a great location this Manhattan Beach home is Manhattan Beach Real Estates Home of the Week. Property Features: • Year Built: 1955 • Lot Size: 2567 • Garage: 1 • Has Pool: 0 • Rooms: 3 • Fireplace: Family Room posted: August 6, 2012
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Manhattan Beach Real Estate Offers Digital Ink

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Manhattan Beach Real Estate now offers clients a quicker and better solution to obtaining signatures on paperwork called Digital Ink. Digital Ink allows customers to digitally sign documents, revolutionizing the customer experience and getting rid of tedious paperwork. Digital Ink has a user friendly interface, making it easy and straight forward for customers to understand and quickly sign documents. Manhattan Beach Real Estate prides itself on staying up to date with current trends including technology. By using Digital Ink, Manhattan Beach Real Estate ensures that your real estate experience will be quick, easy, and secure. posted: July 19, 2012
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