Manhattan Beach Real Estate

Do Manhattan Beach Homes Have Good Resale Value?

Are you considering investing in a home in Manhattan Beach? With its picturesque coastal views, vibrant community, and bustling real estate market, it's no wonder why many homeowners are drawn to this idyllic slice of Southern California. But beyond the initial allure, one crucial question often arises: Do Manhattan Beach homes hold their value well over time?

Why Manhattan Beach Homes Have Strong Resale Value

Manhattan Beach isn't just a beautiful beachside destination; it's a prime real estate hotspot with a proven track record of excellent resale value. Several factors contribute to this enduring trend:

  • Location, Location, Location: Situated along the stunning coastline of Los Angeles County, Manhattan Beach boasts a highly coveted location. Its proximity to major employment centers like Silicon Beach, coupled with easy access to top-rated schools, trendy dining spots, and recreational amenities, makes it a magnet for homebuyers.

  • Limited Inventory and High Demand: Manhattan Beach is renowned for its limited inventory of homes, which creates a competitive market environment. High demand from affluent buyers, coupled with relatively low supply, drives up property values and ensures a robust resale market.

  • Desirable Lifestyle: Beyond the tangible aspects of real estate, Manhattan Beach offers a lifestyle that's hard to beat. Residents enjoy a relaxed coastal vibe, world-class surfing spots, scenic bike paths, and a vibrant community spirit. This desirable lifestyle appeal adds intrinsic value to properties in...

How Seasonal Trends Impact Manhattan Beach Real Estate

Manhattan Beach's real estate market experiences fluctuations throughout the year, influenced by seasonal trends and major holidays. In this comprehensive guide, we'll explore how each season affects inventory, sale prices, and demand, providing valuable insights for buyers, sellers, and investors alike.

Spring

As the weather warms and daylight hours increase, spring brings renewed energy to the Manhattan Beach real estate market. Inventory tends to rise, offering buyers a broader selection of homes to choose from. With more properties hitting the market, competition among buyers may intensify, leading to higher sale prices. Major holidays like Easter and Memorial Day often coincide with increased market activity, as families consider relocating during school breaks.

Advantages: Abundant inventory and favorable weather for home tours.

Disadvantages: Heightened competition and potentially inflated prices.

Summer

Summer is the peak season for real estate activity in Manhattan Beach, with families taking advantage of the warmer weather and longer days to buy and sell homes. Inventory levels remain robust, although they may start to taper off towards the end of the season. Sale prices typically remain strong, reflecting high demand from eager buyers. Independence Day and Labor Day weekends often see a surge in open houses and property viewings.

Advantages: High demand and increased inventory.

Disadvantages: Intense competition and potential for bidding wars.

Fall

As temperatures begin to cool, the Manhattan Beach real...

Top 5 Things to Consider When Investing in Manhattan Beach Real Estate

Investing in real estate in Manhattan Beach can be a lucrative venture, but it's essential to approach it with careful consideration and strategic planning. In this blog post, we'll outline the top five things to keep in mind when investing in Manhattan Beach real estate to help you navigate the market successfully.

1. Overview of Considerations Before Buying

Before diving into an investment property purchase, take the time to evaluate your financial goals, risk tolerance, and investment strategy. Consider whether you're interested in rental properties for long-term income or flipping properties for short-term profit. Understanding your objectives will guide your decision-making process and help you identify the most suitable investment opportunities.

2. Responsibilities of Being a Rental Landlord

Investing in rental properties in Manhattan Beach can offer steady cash flow and long-term appreciation, but it comes with responsibilities. As a landlord, you'll be responsible for property maintenance, tenant screening, lease agreements, and addressing tenant concerns. Familiarize yourself with landlord-tenant laws and regulations to ensure compliance and mitigate potential risks.

3. Feasibility of Flipping Properties in Manhattan Beach

Manhattan Beach's dynamic real estate market presents opportunities for property flipping, but it's essential to approach this strategy with caution. While the city's high property values and demand for quality homes can yield substantial returns, competition can be fierce, and new construction builds or renovation costs may be significant. Conduct thorough market research and financial analysis to determine whether flipping properties aligns with your...

How to Find the Perfect Family Homes in Manhattan Beach

Searching for the perfect family home in Manhattan Beach? Look no further! In this blog post, we'll provide valuable insights and practical tips to help you find a residence that meets your family's needs and lifestyle preferences.

Start with Schools

For many families, schools are a top priority when searching for a home. Manhattan Beach is renowned for its exceptional public and private schools, making it an ideal destination for families seeking quality education for their children. Research school districts and enrollment options in the area to ensure that your chosen neighborhood aligns with your educational priorities. Start by exploring our Manhattan Beach Schools Guide!

Seek Family-Friendly Features

When evaluating potential family homes, consider essential features that accommodate your family's lifestyle. Look for properties in areas such as the Tree Section, with multiple bedrooms and bathrooms to provide ample space for everyone. Open floor plans are also popular among families, offering flexibility for entertaining and everyday living. Additionally, features such as fenced yards, play areas, and bonus rooms can enhance the functionality and enjoyment of your family home.

Prioritize Proximity to Parks and Beaches

Manhattan Beach boasts an abundance of outdoor recreational opportunities, making it an ideal setting for active families. Seek out homes located near parks, playgrounds, and green spaces where children can run, play, and explore. If proximity to the beach is important, check out the Sand Section. This area...

How to Make a Competitive Offer On Manhattan Beach Real Estate

Manhattan Beach demands a strategic approach when making an offer in the competitive real estate market. To stand out among discerning sellers and buyers, follow these niche strategies tailored for success in Manhattan Beach's luxury real estate sector.

Step 1: Shorten Your Contingencies - Streamline the Process

In the luxury market, time is of the essence. Shorten your contingencies, including appraisal, loan, and inspection periods, to demonstrate your commitment and streamline the closing process. This shows sellers that you are serious and financially secure, making your offer more attractive in a competitive environment.

Step 2: Consider All Cash - An Attractive Proposition

If feasible, consider making an all-cash offer. Cash transactions eliminate financing contingencies, providing sellers with a sense of security and expediting the closing process. In the competitive landscape of Manhattan Beach, an all-cash offer can set you apart from other potential buyers.

Step 3: Higher Down Payment - Display Financial Strength

Demonstrate your financial strength by offering a higher down payment, ideally 25% or more. A substantial down payment not only signifies your ability to secure financing but also instills confidence in sellers regarding a smooth and successful transaction.

Step 4: Be Flexible with Escrow Period - Cater to Seller's Needs

Flexibility is key when it comes to the escrow period. Accommodate the seller's preferences – whether they desire a quick close or a longer escrow period. If a swift closing is preferred, consider a 21-day close to show your commitment. Conversely, if a seller prefers a more extended timeline,...

5 Reasons to Love Tree Section Real Estate in Manhattan Beach

Manhattan Beach, with its diverse neighborhoods and coastal allure, has long been a magnet for homebuyers seeking the perfect blend of luxury and laid-back living. Among the gems that stand out is the Tree Section—a neighborhood that encapsulates the quintessential Manhattan Beach lifestyle. 

In this blog post, we'll explore five reasons why Tree Section real estate is not only a wise investment but a pathway to an unparalleled living experience in this vibrant coastal community.

Tranquil Residential Atmosphere

Nestled between Pacific Coast Highway and Sepulveda Boulevard, the Tree Section is renowned for its tranquil residential atmosphere. Unlike some bustling urban areas, this neighborhood offers a peaceful retreat from the city's hustle and bustle, making it an ideal haven for those seeking a serene living environment. Lush tree-lined streets create a picturesque backdrop, providing a calming contrast to the energetic pace of nearby commercial districts - hence the name “Tree Section.”

Family-Friendly Community

One of the standout features of the Tree Section is its reputation as a family-friendly community. The area boasts top-notch schools, parks, and recreational facilities, making it an attractive choice for families looking to put down roots. The sense of community is palpable, with neighbors often coming together for local events and activities. This tight-knit atmosphere enhances the overall quality of life and contributes to the appeal of Tree Section real estate.

Architectural Diversity and Character

One of the unique aspects that sets the Tree Section apart is its architectural diversity....

The 8 Steps to Buying A Home In Manhattan Beach

If you're considering making Manhattan Beach your home, understanding the buying process is crucial. In this guide, we'll walk you through the 8 essential steps to buying a home in Manhattan Beach, ensuring a smooth and successful experience.

Step 1: Finding the Right Agent and Real Estate Team: The DOMO Real Estate Advantage

Embarking on the journey of purchasing a home requires expert guidance. Choosing the right real estate agent and team can make all the difference. The DOMO Real Estate Group, renowned for its expertise in the Manhattan Beach market, can be your compass in navigating the intricacies of the local real estate landscape. Their seasoned professionals bring a wealth of knowledge, ensuring you make informed decisions throughout the buying process.

Step 2: Getting a Pre-Approval with a Lender

Before diving into the Manhattan Beach real estate market, it's crucial to determine your budget. Securing a pre-approval with a reputable lender, such as one recommended by the DOMO Real Estate Group, provides you with a clear understanding of your financial capabilities. This step not only streamlines your search but also positions you as a serious and credible buyer in the eyes of sellers.

Step 3: Exploring Manhattan Beach Neighborhoods: Sand-Section, Tree-Section, and Hill-Section

Manhattan Beach offers a diverse array of neighborhoods, each with its unique charm. The Sand-Section, boasting stunning beachfront properties,...

Manhattan Beach Homeownership Costs

Nestled along the sun-kissed shores of the Pacific, Manhattan Beach is not just a coastal haven; it's a lifestyle. If you're considering making this vibrant community your home, it's crucial to be well-informed about the total cost of homeownership. Beyond the initial purchase price, prospective residents need to factor in various ongoing expenses to ensure financial stability and peace of mind. In this blog, we'll dissect the different facets of Manhattan Beach home ownership costs, emphasizing the importance of a comprehensive budget.

Mortgage

The cornerstone of homeownership, the mortgage is the monthly payment that covers the cost of your home. In Manhattan Beach, where real estate is highly sought after, mortgages can be a significant part of the total cost. It's crucial to explore various loan options and secure favorable interest rates to keep this expense manageable. Here's a breakdown of approximate numbers:

  • Median Home Price in Manhattan Beach: $2,500,000
  • Down Payment (20%): $500,000
  • Loan Amount: $2,000,000
  • 30-Year Fixed Mortgage Rate: 7%
  • Monthly Mortgage Payment: $13,322

Utilities

Manhattan Beach enjoys a temperate climate, but utility costs can still make a dent in your budget. Electricity and gas are common utility options, and it's essential to factor in these ongoing expenses when planning your monthly budget. Additionally, consider water and sewer costs, which may vary based on the property size and landscaping. Here's a breakdown of approximate numbers:

  • Electricity and Gas: $150 - $200 per month
  • Water and Sewer: $50 - $100 per month

HOA Fees

Many residential communities in Manhattan Beach are part of homeowners' associations (HOAs) that manage shared amenities and enforce community guidelines. HOA fees contribute to the maintenance of common areas, security services, and more. It's crucial...

Why is East Manhattan Beach Real Estate So Popular?

When it comes to the vibrant beachside community of Manhattan Beach, one of its sub-neighborhoods, East Manhattan Beach, has been steadily gaining popularity in recent years. So, what makes East Manhattan Beach real estate so sought-after and why do people choose it over other sub-neighborhoods in the area? In this blog post, we'll delve into the many reasons behind its growing appeal.

Affordability

One of the primary factors that make East Manhattan Beach real estate stand out is its affordability. Compared to some of the more exclusive and high-priced neighborhoods in Manhattan Beach, East Manhattan Beach offers an attractive "entry-level" price point for those looking to own a piece of this picturesque coastal community. It provides an opportunity for prospective homeowners to experience the Manhattan Beach lifestyle without breaking the bank.

Larger Lot Sizes and Square Footage

East Manhattan Beach boasts larger lots and more spacious homes than some other neighborhoods in the area. This is a significant draw for families looking for room to grow and for those who appreciate a little extra breathing space. The added square footage often means that residents can enjoy larger, more comfortable living spaces.

Bigger Backyards

For those who value outdoor living, East Manhattan Beach offers bigger backyards, providing ample space for outdoor entertaining, gardening, and play areas for children and your furry friends. The larger outdoor spaces make it an ideal choice for families and their beloved pets looking to enjoy the Californian sunshine right in their own backyard.

Proximity to Mira Costa...

3 Great Manhattan Beach Neighborhoods For Families

Manhattan Beach, California, is a picturesque coastal city known for its stunning beaches, top-notch schools, and welcoming community. If you're a family looking for a place to settle down, you'll be pleased to know that Manhattan Beach offers several fantastic neighborhoods tailored to your needs. In this blog post, we will explore four great Manhattan Beach neighborhoods that are perfect for families.

Manhattan Beach Tree Section

The Tree Section in Manhattan Beach is aptly named for its leafy, tree-lined streets. This charming neighborhood offers an idyllic suburban feel while still being close to the beach and downtown Manhattan Beach.

You'll find everything from classic Cape Cod and Spanish-style homes to contemporary architectural designs. Many of the properties are single-family homes, though some townhouses and condos are scattered throughout the area as well. Lot sizes are generally upwards of 3,000+ sqft. And you can expect ample yard space for outdoor activities, gardening, and play areas for children.

Amenities & Parks: Families will love the proximity to Polliwog Park, a sprawling green space with playgrounds, a lake, and even an amphitheater for community events. Additionally, the Manhattan Village Shopping Center is nearby for all your shopping needs.

Manhattan Beach Walk Street Section

The Walk Street Section of Manhattan Beach is famous for its pedestrian-friendly design and the iconic "walk streets" that replace traditional sidewalks. This neighborhood offers a unique and tight-knit community atmosphere....