I thought that this was a very relevant article as it pertains so importantly to the South Bay and Palos Verdes. Sellers need to understand where potential buyers are coming from and how to reach these international buyers. According to the article the Chinese have now become the largest international investors in US real estate. The areas seeing the greatest impact are the NY and the coastal cities of California and the South Bay.
What may be the beginning of a slight shift in the South Bay real estate market, inventory has continued to rise for the 5th straight month as both pending and sold homes remained relatively flat. Active homes for sale in July of 2014 were up 40% from the same month in 2013, while sold homes declined 11.7% and pending home sales only increased by 3.5%. This buildup of inventory may finally slow the market and lead to a market not so heavily favoring sellers. The local Manhattan Beach real estate trends are slightly different with numbers being somewhat similar to a year ago in terms of active, pending and closed home sales although prices continue to rise, especially in the higher end of the market. To see the most recent home sales visit our recent sales information site.
Good schools are the cornerstone of good communities, and nowhere is that more true than in the Beach Cities and South Bay. One of the most common reasons I hear for buyers wanting specifically to be in Manhattan Beach is for their kids to be part of this nationally ranked award winning school system. Manhattan Beach schools have ranked as one of the top districts in the country. While any test scores in the 900 is a tremendous accomplishment, Manhattan Schools generally far exceed those numbers on a regular basis.
With many home buyers searching for specific school districts, and sometimes even specific schools, the list below should provide assistance as to how they rate and compare with one another. Contact us to determine what neighborhoods attend what schools.
Santa Clause came to town….and like a rockstar had a police escort! Santa made his annual rounds through Hermosa Beach and Manhattan Beach and just happened to visit us and make a stop just outside our house. Now if it would only snow it would really feel like Christmas.
El Segundo CA has a wonderful small town feel. Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but not live in the big city. El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay.
Current Single family homes for sale in El Segundo CA