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.
posted by bearmaster at 7:17 AM
2 Comments:
Housing is more expensive in California than Alaska I think...
davidmcouch.com
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.
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