Tuesday, February 07, 2006

Manhattan Beach market conditions - still up

The housing market may be slowing nationwide, but Manhattan Beach, a town described by realtors as casually affluent, shows no signs of slowing down. Robert Kissig, in his February 2 Manhattan Beach market conditions report for January, ranks both the current market and the price trend 5 out of 5 (pure sellers market, rising price trend). According to his report:
Single Family Homes Median Price:  $1,473,000 (+13.3% from 11/05)
Condo/TwnHse Median Price:         $1,294,000 (+21.2% from 11/05)
The big news in the local papers is that tennis star Maria Sharapova has bought property here about a block from the ocean. Manhattan Beach has been home to a number of sport stars, such as Tiger Woods, and George Best, the famous British soccer player who died last year.


Blogger David M. Couch said...

Housing is more expensive in California than Alaska I think...


4:35 PM, February 07, 2006  
Blogger bearmaster said...

California, especially So Cal, has always been somewhat pricey relative to the rest of the country, I think. There's that sunshine premium.

In Manhattan Beach I guess people are willing to pay the "sports star neighbor" premium.

6:59 AM, February 08, 2006  

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